Smart Luggage Market – Global Drivers, Opportunities, Trends, and Forecasts to 2022

  • Report Code : INF497452
  • Published On: Apr, 2021
  • Category : New Research Areas
  • Pages : 71

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30% Enterprise
  • Smart Luggage Market – Global Drivers, Opportunities, Trends, and Forecasts to 2022

    Overview:

    The luggage industry is witnessing innovation driven by the addition of tracking system, automated locking, and Bluetooth features creating a niche smart luggage market. Owing to this, several luggage companies and crowd-funded start-ups are adding tech features to the luggage products to address the stagnant innovation. The term “smart luggage” is widely used for bags and suitcases with various tech-savvy features such as Wi-Fi hotspots, SIM cards, GPS, Bluetooth, RFID, built-in batteries, and digital scaling. The aim is not to just add features to the luggage, but to make it user-friendly in practical applications. These benefits are driving luggage companies to incorporate technology features into their offerings to stay in the ever-changing business world. The major luggage companies such as Bluesmart, Samsonite, and Delsey are investing in the incorporation of technology into their products and offer enhanced tech-savvy features to the customers.

    Market Analysis:

    According to Infoholic Research, the “Smart Luggage” market is expected to reach $2,353.2 million by 2022, growing at a CAGR of around 26.4%. Increasing airline travel & tourism, innovations in product design & quality, demand for IoT-based applications, and consumer shift towards leisure lifestyle are forcing organizations to focus on embedding the technology features into their traditional luggage. The increasing international travel and internet penetration are some of the major drivers for introducing technology applications in the luggage industry.

    Technology Analysis:

    Technology is the major boosting factor for smart luggage market. The major technology providers have joined hands with luggage manufacturers to offer innovative solutions, which enable the customers to enjoy the journey with maximum comfort such as luggage tracking, USB charging, digital scaling, and remote locking. New players are entering the market and key luggage companies are trying to acquire them to gain their technical knowledge for the betterment of their product portfolio. The technology market is further segmented into connectivity, sensors, SIM cards, USB charging, and others. In 2016, connectivity technology had a major share of the market and is expected to reach $898.0 million by 2022, growing at a CAGR of 26.7% during the forecast period 2016–2022.

    Regional Analysis:

    At present, the Americas is having the majority of the market share mainly due to the advancements in technology and its adoption. The market is witnessing prominent growth in the countries such as the US and Canada. Americas is followed by Asia Pacific. Regional government initiatives for developing smart city projects and increasing FDI for industrialization enhancement in the region are the main factors contributing to the market growth. Europe is spending hugely in the manufacturing industry, especially on raw materials and their use. The RoW region is expected to have a positive growth in the market, which will offer huge opportunities for key players to provide innovative solutions in the region.

    Key Players:

    The key players covered in the report are Samsonite, Delsey, Bluesmart, Raden, Away, Trunkster, and Lugloc.

    Competitive Analysis:

    The study covers and analyzes the “Smart Luggage” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

    Benefits:

    The report provides an in-depth analysis of the smart luggage market aiming to avoid luggage mishandling, reduce baggage check-in time for travelers & authorities in airports, and provide information for travelers regarding the journey. The report talks about distribution channel, technology, applications, and regions. With the information offered, key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and PPP’s interest towards the adoption of technology into luggage industry. Further, the report provides details about the major challenges going to impact the market growth.

    Key Stakeholders:

    Device manufacturers, network providers, software providers, data security solution vendors, policy makers, standard development organizations, investor community, university researchers, blog writers, and technology magazines.

     

  • With tables and figures helping analyze worldwide Smart Luggage market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.


    1 Industry Outlook

    1.1 Industry Overview

    1.2 Industry Trends

    1.3 Pest Analysis


    2 Report Outline

    2.1 Report Scope

    2.2 Report Summary

    2.3 Research Methodology

    2.4 Report Assumptions


    3 Market Snapshot

    3.1 Total Addressable Market (TAM)

    3.1.1 Market Size and Analysis

    3.2 Segmented Addressable Market (SAM)

    3.3 Related Markets

    3.3.1 Smart Wallets

    4 Market Outlook

    4.1 Overview

    4.2 Market Definition

    4.3 Market Trends and Impact

    4.4 Market Segmentation

    4.5 Porter 5 (Five) Forces


    5 Market Characteristics

    5.1 Traditional Luggage vs Smart Luggage

    5.2 Technology Roadmap

    5.3 Market Dynamics

    5.3.1 Drivers
    5.3.1.1 Increase in tourist traffic and air travel
    5.3.1.2 Innovation in product design and quality
    5.3.1.3 Consumer shift for high standard living
    5.3.1.4 Rise in demand for IoT based applications
    5.3.2 Restraints
    5.3.2.1 High cost
    5.3.2.2 Lack of knowledge
    5.3.2.3 Feasible only for airports
    5.3.3 Opportunities
    5.3.3.1 Integration with analytics
    5.3.3.2 M2M communication
    5.3.3.3 Opportunities in Asia Pacific countries
    5.3.4 DRO – Impact Analysis
    5.3.5 Key Stakeholders

    6 Distribution Channel: Market Size & Analysis

    6.1 Overview

    6.2 Factory Outlets

    6.2.1 Market Size and Analysis

    6.3 Internet Sales

    6.3.1 Market Size and Analysis

    6.4 Specialist Retailers

    6.4.1 Market Size and Analysis

    6.5 Others

    6.5.1 Market Size and Analysis

    7 Technologies and Services: Market Size & Analysis

    7.1 Overview

    7.2 Connectivity

    7.2.1 Wi-Fi
    7.2.2 Bluetooth
    7.2.3 GPS
    7.2.4 RFID
    7.2.5 Market Size and Analysis

    7.3 Sensors

    7.3.1 Market Size and Analysis

    7.4 SIM Cards

    7.4.1 Market Size and Analysis

    7.5 USB Charging

    7.5.1 Market Size and Analysis

    7.6 Others

    7.6.1 Market Size and Analysis

    8 Applications: Analysis

    8.1 Overview

    8.2 Real-time Tracking

    8.3 Texting Alerts

    8.4 Remote Locking

    8.5 Digital Scaling

    8.6 Others


    9 Regions: Market Size & Analysis

    9.1 Overview

    9.2 Americas

    9.2.1 Market Size and Analysis
    9.2.2 DRO for Americas
    9.2.3 US
    9.2.4 Canada
    9.2.5 Brazil
    9.2.6 Mexico

    9.3 Europe

    9.3.1 Market Size and Analysis
    9.3.2 DRO for Europe
    9.3.3 UK
    9.3.4 Germany
    9.3.5 Italy
    9.3.6 France

    9.4 Asia Pacific

    9.4.1 Market Size and Analysis
    9.4.2 DRO for Asia Pacific
    9.4.3 China
    9.4.4 India
    9.4.5 ANZ
    9.4.6 Japan

    9.5 RoW

    9.5.1 Market Size and Analysis
    9.5.2 DRO for RoW
    9.5.3 UAE
    9.5.4 Saudi Arabia
    9.5.5 South Africa

    10 Competitive Landscape

    10.1 Vendors Assessment

    10.2 Samsonite

    10.3 Bluesmart

    10.4 Raden

    10.5 Delsey


    11 Vendor Profiles

    11.1 Samsonite

    11.1.1 Overview
    11.1.2 Business Units
    11.1.3 Geographic Revenue
    11.1.4 Business Focus
    11.1.5 SWOT Analysis
    11.1.6 Business Strategy

    11.2 Delsey

    11.2.1 Overview
    11.2.2 Business Units
    11.2.3 Geographic Revenue
    11.2.4 Business Focus
    11.2.5 SWOT Analysis
    11.2.6 Business Strategy

    11.3 Bluesmart

    11.3.1 Overview
    11.3.2 Business Units
    11.3.3 Geographic Revenue
    11.3.4 Business Focus
    11.3.5 SWOT Analysis
    11.3.6 Business Strategy

    12 Companies to Watch for

    12.1 Raden

    12.1.1 Overview
    12.1.2 Raden in Smart Luggage Market

    12.2 Away

    12.2.1 Overview
    12.2.2 Away in Smart Luggage Market

    12.3 Trunkster

    12.3.1 Overview
    12.3.2 Trunkster in Smart Luggage Market

    12.4 Lugloc

    12.4.1 Overview
    12.4.2 Lugloc in Smart Luggage Market
    Annexure
     Acronyms

     

  • The Smart Luggage Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • Samsonite
    • Bluesmart
    • Raden
    • Delsey
    • Away
    • Trunkster and Lugloc
    By Regions:
      By Type:
        By Application:
        Licensing options
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        Research objectives

        Where will all these developments take the industry in the long

        To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

        What are the future opportunities in the market?

        To understand the structure of Market by identifying its various subsegments.

        What are the major driving forces expected to impact the development of the market market across different regions?

        To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

        Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

        To project the consumption of market submarkets, with respect to key regions.

        Who are the major driving forces expected to decide the fate of the industry worldwide.

        To strategically profile the key players and comprehensively analyze their growth strategies.

        What are the key barriers and threats believed to hinder the development of the industry?

        To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

        Who are the prominent market players making a mark in the market with their winning strategies?

        To share detailed information about the key factors influencing the growth of the market

        What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

        Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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