Smart Luggage Market By Technology Type (Connectivity, Sim Card, USB Charging, And Other); By Material Type (Hard Side, Soft Side); By Distribution Channel (Online, Offline); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Smart Luggage Market Overview
The global smart luggage market size was valued at around USD 2.8 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 9.9% from 2022 to 2032.The market size is projected to succeed in USD 7.2 billion by 2032.
The Smart Luggage Market is expected to mask a CAGR of 9.9% during the projected period.The term smart luggage is mainly used for smart bags and suitcases equipped with random connectivity technologies (such as Wi-Fi, SIM cards, GPS, Bluetooth, RFID (radio frequency identification)), built-in batteries, digital scaling and others. The aim of the technology not just to add an ordinary feature to the luggage. Now smart bags are equipped with technologies in order to make them more user friendly & safer in practical applications. Apart from this, the luggage companies are installing other potential technologies and features into their luggage products to stay ahead the market competition.
Growth Drivers and Restraints
In this digital era, increase in adoption of smart technology are boosting the market growth of smart luggage. In terms of technology, the IOT (Internet of Things) technology captured the largest market share in luggage industry. As these IOT technologies are more secure in comparison to other technologies. This increasing concern among user towards their luggage security is one of the major factors that are positively influencing the growth of IOT based smart luggage market.
Additionally, increasing airline travel and tourism, are the major factors that have contributed to the growth of the smart luggage market. Innovations in product design & quality, growing demand for IOT based technologies and consumer shift towards leisure lifestyle are forcing organization to focus on embedding the technology features into their traditional luggage. Region wise the North America holds majority share in the smart luggage market and is expected to secure its position during forecast period. As adoption rate of technologically advanced products and product design innovation rate in North American countries is strong as compare to other countries, so this factor is likely to drive the growth of the North America smart luggage market in coming years. However, high cost and low adoption rate in under developed countries are major constraints for the growth of Smart Luggage Market.
Smart Luggage Market Segmentation
The research offers a comprehensive analysis of smart luggage market with respect to following sub-markets:
By Technology Type
- Connectivity
- - - WI-FI
- - - GPS
- - - RFID
- - - Bluetooth
- - - Others
- Sim Card
- USB Charging
- Other
By Material Type
- Hard Side
- Soft Side
By Distribution Channel
- Online
- Offline
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive landscape
The report profiles various major market players such as,
- DELSEY Paris
- Samsonite
- AWAY
- Trunkster
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as technology information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in smart luggage market.
Timeline Considered for Analysis:
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2032: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the smart luggage market by the following segments:
- By Technology Type
- By Material Type
- By Distribution Type
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Smart Luggage Market Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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- Publication date: 8th December 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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