The invention relates to a luggage wheel capable of generating power. The luggage wheel comprises a wheel seat, a rotary support, a magnet, a coil, a wire, a copper brush plate, a conducting ring, a wheel, a silicon steel wheel axle and a wheel cover. The rotary support is provided with a coil slot for installing the coil; the wire in the coil is connected with the copper brush plate on the rotary support; the copper brush plate is in slide contact with the conducting ring on the wheel seat; the conducting ring is connected and fixed with the wheel seat; the conducting ring is connected with the wire; the magnet is arranged in the wheel; a magnetic induction line of the magnet penetrates through the coil through the guiding of the silicon steel wheel axle at the axis of the wheel, and the magnetic flux penetrating through the coil is changed when the wheel is rotated at will, so that an induced current is generated.