Global Smart Carry-on Bags Market, By Product Type (USB Charging, Connectivity, Sensors), Application (Real-Time Tracking, Proximity Sensors, Remote Locking, Digital Scaling), Distribution Channel (Online Channel, Offline Channel), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Smart Carry-on Bags Market
Smart carry-on bags market is expected to grow at a compound annual growth rate of 6.00% for the forecast period of 2021 to 2028. Smart carry-on bags market report analyses the growth, which is currently being growing due to the rising purchasing power of buyers and changing lifestyle.
Smart carry-on bags are the type of suitcases or trolley bags that are integrated with smart technology. These smart carry-on bags are outfitted with location tracking technology via GPS. The bags are built-in with other advanced features such as integrated scales to assist the luggage stay within weight limits. Smart carry-on bags comprise built-in batteries with USB ports to charge electronic devices.
The increasing awareness regarding products and advent of e-commerce channels is one of the primary factors driving the smart carry-on bags market growth rate. Moreover, the high demand for technologically advanced products is also fueling the growth of the smart carry-on bags market in the forecast period of 2021 to 2028.
Also the market is largely driven by the rapid innovations and developments such as production of smart carry-on bags. Also, the rising disposable incomes, premiumization through product innovation and proliferation of IoT based applications in luggage industry are also highly impacting the growth of the smart carry-on bags market. While, the changing lifestyle and rising focus on innovative product design and quality is also one of the major factor driving the growth of the smart carry-on bags market in the above mentioned forecast period. In addition, rapid increase in the number in adoption of trendy luggage and rapid growth in tourist traffic and air travel along with enforcement of weight regulations on carry on bags by airlines which will further bring various opportunities that will lead to the growth of the smart carry-on bags market in the above mentioned forecast period.
However, the lack of awareness regarding such products as well as the high cost associated with the product are the major limiting factor for smart carry-on bags market, whereas the , increasing data privacy concerns across the world have the potential to challenge the growth of the smart carry-on bags market in the forecast period of 2021 to 2028.
This smart carry-on bags market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on smart carry-on bags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Carry-on Bags Market Scope and Market Size
Smart carry-on bags market is segmented on the basis of product type, application and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the smart carry-on bags market is segmented into USB charging, connectivity and sensors.
- On the basis of application, the smart carry-on bags market is segmented into real-time tracking, proximity sensors, remote locking and digital scaling.
- The distribution channel segment the smart carry-on bags market is segmented into online channel and offline channel.
Smart carry-on bags Market Country Level Analysis
Smart carry-on bags market is analyzed and market size, volume information is provided by country, product type, application and distribution channel as referenced above.
The countries covered in the smart carry-on bags market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the smart carry-on bags market because of the rapid increase in smartphone penetration, rise in mobile subscriptions and increasing internet penetration in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increasing air traffic, mainly in densely populated countries such as India and China and countries with large number of tourist within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart carry-on bags Market Share Analysis
Smart carry-on bags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart carry-on bags market.
The major players covered in the smart carry-on bags market report are Andiamo, Arlo Skye, DELSEY, Rollux Luggage, HORIZN STUDIOS, Bluesmart, Modobag, UNCRATE LLC, Planet Traveler, Lufthansa, RIMOWA, Modobag, SAMSARA LUGGAGE and Samsonite IP Holdings S.ar.l, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.