Press release
Smart Luggage Industry Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2024
Global Market Insights
The digital scaling application segment will have the highest growth in the smart luggage market due to the escalating demand from the consumer side to analyze the total weight of the bag prior to the journey. This enables the travelers to avoid the hassles associated with the travel and also eliminates the risks associated with over packing.
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Global Smart Luggage Market was estimated to be over USD 630 million in 2016. This growth is accredited to the rising per capita income and shift in the consumer demands for convenient lifestyle. The demand for user friendly luggage for practical applications will surge the industry demand in the next few years. The penetration of advanced technologies such as Bluetooth, PS and digital scaling which enables the users to check the weight of the baggage and offer locking proximity alternatives.
High cost associated with these products coupled with the lack of awareness is expected to hinder the smart luggage market growth over the forecast timeline. Moreover, the technology consumers high energy resources such as the lithium batteries, which is mentioned as a hazardous substance amongst the aircraft authority posing a challenge to its largescale adoption.
The Asia Pacific smart luggage market is expected to witness high growth owing to the rising urbanization and increase in the air traffic levels specifically in countries such as Malaysia and Singapore. Many organizations are heavily investing in the technology as it enables them to offer better customer experiences and monitor the process based on different insights. Furthermore, a rising demand for sophisticated and varied luggage products, numerous trendy and intelligent suitcase categories have escalated the demand for these products.
Key players participating in the smart luggage market include Bluesmart, Delsey, Samsonite, Away, Trunkster, Reden, Barracuda, and Lugloc. The industry is highly consolidated due to the presence of few major companies which are constantly coming up with new technologies and tech-savvy features. Furthermore, these companies are also working towards enhancing the current range of products and new product development to gain the competitive advantage.
Browse key industry insights spread across 130 pages with 85 market data tables & 9 figures & charts from the report, “Smart Luggage Market Size By Technology (Connectivity [Wi-Fi, Bluetooth, GPS, RFID], Sensors, SIM Cards, USB Charging), By Application (Real-Time Tracking, Proximity Sensors, Remote Locking, Digital Scaling), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, Australia, Brazil, Mexico), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/smart-luggage-market
Glimpse of Table of Content (ToC)
Chapter 3. Smart Luggage Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Technology landscape
3.4.1. Weight sensors
3.4.2. Companion apps
3.4.3. USB charging
3.5. Luggage industry outlook
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.6. Price trends
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. EU
3.7.3. China
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. High demand for technologically advanced products in North America
3.8.1.2. Proliferation of IoT based applications in luggage industry in North America
3.8.1.3. Growing focus on innovative product design and quality in luggage segment in Europe
3.8.1.4. Rapid growth in tourist traffic and air travel in Asia Pacific
3.8.1.5. Increase in adoption of trendy luggage in Latin America
3.8.1.6. Focus of manufacturers to provide tech-savvy luggage in Middle East and Africa
3.8.2. Industry pitfalls & challenges
3.8.2.1. Lack of awareness and knowledge of the products
3.8.2.2. Data privacy concerns
3.8.2.3. High cost of products
3.9. Growth potential analysis
3.9.1. Business models
3.10. Porter's analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Internal rivalry
3.11. Competitive landscape, 2016
3.11.1. Strategy dashboard
3.12. PESTEL analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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