Current Scenario Of Smart Luggage Market: Opportunity Analysis, Advanced Technologies And Growth Opportunities In Global Industry By 2027

Allied Market Research published a new report, titled, “Smart Luggage Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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Smart luggage are the bags with different tech features like Bluetooth, GPS, Wi-Fi, and built-in battery. It has a sleek design and durable material that make this suitcase appealing and stylish. Smart luggage is light in weight. Smart luggage should have a removable battery according to the rules and regulations from airlines. Increase in the penetration of the internet and changes in needs and demand is innovating new things and user-friendly. Smart luggage is increasing the comfort level with an upgraded version of traditional luggage.

The factors that drive the growth of the global smart luggage market are high tech features, penetration of internet, comfort level, increase in income, awareness about the products, urbanization, and inclination toward a luxurious lifestyle. However, the price of smart luggage hinders the growth of the global market as it is a premium-priced product. Contrarily, a decrease in the price of smart luggage and the adoption of new technology can be an opportunity for the growth of the market.

The key market players profiled in the report include Samsonite International S.A., Away, Trunkster, Raden, Bluesmart Black Edition International, Horizn, Delsey, Planet Traveler, Ready Traveler, and TraxPack.

Regional Analysis – North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

COVID-19 Scenario Analysis:

• The demand for smart luggage is drastically affected by the COVID-19 crises.
• Due to lockdown, people are now staying in their homes and all the tourist places are closed. This affects the sale of smart luggage.
• Travel is also restricted due to COVID-19 which impacts the financial position in the travel market.
• Due to lockdown, the retail stores are closed which has hit the business sales by 60%.

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Key Segments Covered:

Technology

• Sensors
• SIM Cards
• USD Charging
• Connectivity

Connectivity

• GPS
• Wi-Fi
• RFID
• Bluetooth

Application

• Remote Locking
• Digital Scaling
• Real-time Tracking
• Proximity Sensors
• Others

Key Benefits of the Report:

○ This study presents the analytical depiction of the global smart luggage industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global smart luggage market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global smart luggage market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed global smart luggage market analysis based on competitive intensity and how the competition will take shape in coming years.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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