Smart Luggage Market Shaping from Growth to Value |Samsonite, Delsey, Bluesmart
What's keeping Samsonite, Delsey, Bluesmart, Raden, Away, Trunkster, and Lugloc. Ahead in the Market? Benchmark yourself with the strategic moves and findings recently released by HTF MI
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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.
According to HTF MI, 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.
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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 2019, 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 2019–2022.
Top Players in the Market are: Samsonite, Delsey, Bluesmart, Raden, Away, Trunkster, and Lugloc.
Region Included are: North America, Europe, Asia-Pacific etc
Important Features that are under offering & key highlights of the report:
– Detailed overview of Smart Luggage market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Smart Luggage market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Smart Luggage market performance
– Market players information to sustain and enhance their footprint
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Major Highlights of TOC:
Chapter One: Smart Luggage Market Industry Overview
1.1 Smart Luggage Industry
1.1.2 Products of Major Companies
1.2 Smart Luggage Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Two: Smart Luggage Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.2 Smart Luggage Market Size by Demand
2.3 Smart Luggage Market Forecast by Demand
Chapter Three: Smart Luggage Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 Smart Luggage Market Size by Type
3.3 Smart Luggage Market Forecast by Type
Chapter Four: Major Region of Smart Luggage Market
4.1 Smart Luggage Sales
4.2 Smart Luggage Revenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion
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Key questions answered
• What impact does COVID-19 have made on Smart Luggage Market Growth & Sizing?
• Who are the Leading key players and what are their Key Business plans in the Smart Luggage market?
• What are the key concerns of the five forces analysis of the Smart Luggage market?
• What are different prospects and threats faced by the dealers in the Smart Luggage market?
• What are the strengths and weaknesses of the key vendors?
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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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