Global Professional Gear Bags Market, 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) – Industry Trends and Forecast to 2026
Market Analysis: Global Professional Gear Bags Market
Global professional gear bags market is expected to rise from its initial estimated value of USD 15.14 billion in 2018 to an estimated value of USD 21.95 billion by 2026, registering a CAGR of 4.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising advancements in the market and constant product launches.
Market Definition: Global Professional Gear Bags Market
Professional gear bags are enhanced utility products that have individual compartments and slots for each and every product they are made to include. They are stylish, modern and help the consumer for their comfort and also help in keeping the contents of the pack safe from outside environmental factors. They have a number of superior characteristics as compared to their alternatives which is one of the major factor for their growth of the market value.
- Growth in the outdoorsy attitude of the global population, and rise in travel industry is expected to act as a driver for the market growth
- Frequent product launches caused due to the technological advancements and modernisation in product offerings is also expected to drive the market growth
- However high cost of these products, as compared to their alternatives with similar features is expected to act as a restraint to the market growth
- Availability of counterfeit products in the market is also expected to act as a restraint to the market growth
Segmentation: Global Professional Gear Bags Market
- 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
- Emergency Responder Bags
- Consumer Bags
- By Price Range
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
- In August 2018, Baboon Mega Corp Inc. announced the launch of duffel bags with enhanced characteristics for the adventurer. These bags are capable of being used in any situation due to their characteristics of being sand proof, waterproof and various other high performance traits.
- In September 2015, ONA Designs International LLC announced the launch of three of its bag models for the photography enthusiasts to be used for safekeeping their cameras while travelling. The stylish, yet durable bags come in three sizes depending upon the design.
Competitive Analysis: Global Professional Gear Bags Market
Global professional gear bags market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of professional gear bags market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Professional Gear Bags Market
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.
Research Methodology: Global Professional Gear Bags Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of Market Segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market Drivers and Restraints analysis along with the analysis of the market structure