According to Data Bridge Market Research new Market report, global professional gear bags market will account to reach an estimated USD 15.14 billion in 2017 growing at a CAGR of 4.75% during the forecast period of 2019 to 2026.
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Professional Gear Bags are specially designed bags that have different compartments and slots for different products so that they can provide comfort and safety to the customers. They are usually designed to protect the product from getting damaged from the external factors. These days, they are also widely used in travel and tourism industry, which is the major factor fueling the growth of this market.
Global professional gear bags market is segmented on the basis of bag type, price range and geography.
By Bag Type (Recreational Shooter Gear Bags, Business Traveller Carry-On Bags, Law Enforcement, Camera Bags, Drone & Quad Bags, Aviation Pilot Flight Bags, Emergency Gear Bags, Others), Price Range (Premium, Mid, Low), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN PROFESSIONAL GEAR BAGS MARKET
Growth in Travel Industry
This following data represents the value of capital investment in the travel and tourism industries in the United Kingdom from 2015 to 2018. Capital investment spending reached 17.4 billion British pounds in 2017. This is expected to increase in upcoming years.
Few of the major competitors currently working in the professional gear bags market are Garmin Ltd., Jeppesen, Aviation Supplies & Academics Inc., Samsonite South Asia Pvt. Ltd., VF Corporation, LVMH, VIP Industries Ltd., ACE Co. Ltd., The Vitec Group plc, The Tiffen Company LLC, Go Professional Cases Inc, 5.11 Inc., Baboon Mega Corp Inc., ONA Designs International LLC, BLACKHAWK!, Fechheimer, First Tactical, Oakley Inc., Drago Gear, North American Rescue LLC., Conterra Inc, and Rothco.
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