Smart Luggage Market By Forecasts on Leading Key Players 2024: Bluesmart, Delsey, Samsonite, Away, Trunkster, Reden, Barracuda, Lugloc

Market Overview: -

The fact that smart luggage is now a buzzword for the tech-savvy traveler legitimizes the massive commercialization matrix of smart luggage market. A prime factor that has augmented the popularity of this product is the substantial rise in the number of air travelers that has led to strict security compliance at airports. Furthermore, there has been an increase in the cases of baggage theft and luggage damage during travel lately, which has pushed the demand for connected suitcases and bags, thereby stimulating smart luggage industry share.

The escalating penetration of IoT in the baggage fraternity has prompted manufacturers to include smart features such as remote locking system, Wi-Fi spots, GPS, Automatic built-in weighing, Bluetooth, USB chargers, built-in batteries, and SIM cards in luggage. Say for instance, Bluesmart, a key manufacturer of smart products for travel industry, recently introduced second generation technology referred to as Series 2 in its product line. The new smartphone-controlled locking & site tracking system is expected to lessen the trouble for passengers and airport officials during baggage check-ins.

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Top Key Players:

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.

Market share calculation in this report is not done based on companies covered in it. The calculation of smart luggage market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

Speaking in the terms of geographical aspects, the product has been increasingly penetrating the APAC zone, given the growing frequency of air travel, subject to increasing consumer disposable incomes and the subsequent rise in their purchase parity of consumers. The robust surge in the demand for smart luggage foe security and comfort will thus generate a profitable growth map for Asia Pacific smart luggage industry. Countries such as Singapore, India, Thailand, China, and Malaysia being prime tourist destinations will, further contribute toward the revenue generation of this regional market.

North America, being one of the hubs of smart technology, is a profitable growth avenue for smart luggage market. The large-scale deployment of connected baggage has prompted companies to brainstorm and develop innovative products, which would considerably impel North America smart luggage industry. In fact, estimates claim North America to account for a rather huge share in smart luggage market.

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Partial Chapter of the Table of Content

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Smart luggage industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Technology trends
2.1.4. Application trends
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

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With IoT firmly having established its predominance in the travel arena, smart luggage market is likely to emerge as one of most remunerative business spheres in the ensuing years. Companies partaking in smart luggage industry share have been hinting at incorporating a lot more user-friendly features in their products, which would considerably impel this business space. According to the Global Market Insights, Inc., smart luggage industry will hit a revenue of over USD 2 billion by 2024.

The concept of zipper-less baggage has been gaining traction in smart luggage industry. For instance, Trunkster, a U.S. based baggage startup has recently introduced smart zipper-less luggage – a self-weighing waterproof suitcase comprising sliding doors, offering secured as well as easy access to the luggage contents as compared to the zipped ones. Further on, Delsey, a France smart luggage market player is developing a unique fingerprint ID endowed with numerous features – it automatically locks and unlocks bags, is capable of checking the mobile application of the end-user to verify that the bag is actually locked, and provides a notification to the user during bag transit. The aforementioned instances testify that the launch of state-of-the-art technologies is thus likely to transform smart luggage market trends.

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