The global smart bags market is predicted to really take off, growing at a pretty awesome rate (think impressive CAGR!) between 2024 and 2032. Why? Because everyone seems to want one these days! As we travel more for both work and fun, that's only going to fuel the demand for these bags over the next five years. Plus, all the cool tech like internet connections, RFID pockets, and USB ports are just adding to the appeal. The whole luggage industry is getting a tech upgrade with things like tracking systems, auto-locking, and Bluetooth, which is fantastic news for the smart bag market in the next few years. And get this – new companies are jumping in, pouring money into making these bags even smarter for your trips. All this innovation, plus funding from startups and private investors, should really boost the global smart bags market in the years ahead!
Smart bags are basically the latest tech-infused must-have for shoppers! They're usually designed with a specific purpose in mind, and they're smart enough to handle cool stuff like USB charging, built-in weighing scales, a TSA-approved lock, and even anti-theft features. Some even have GPS, so you can track their location through your smartphone or a GPS system. And get thisthe newest models are rocking solar panels to charge power banks and keep the Bluetooth and GPS running. Plus, RFID tech is built-in, which helps retailers understand what you need, and there's an emergency service that can send text alerts to three pre-registered numbers if you're ever in a tight spot! Pretty clever, right?
So, the global smart bags market is broken down in a few waysby the type of bag it is, the tech inside, where you buy it, who the big players are (the competitive landscape), and where in the world it's selling. When we look at the type of bag, we see things like bag packs, duffel bags, handbags, laptop bags, and well, other things
. It looks like laptop bags are going to be the real moneymakers for the next five years, mostly because more and more people are buying them. Both adults and teenagers are snapping them up! But don't count out bag packs! They're expected to grow a lot too, especially with all those tech-loving travelers out there. All that cool tech – you know, things like GPS, power bank charging, and RFID technology – is super appealing to anyone traveling solo or in groups, which is really pushing the demand and helping the global smart bags market grow over the next few years.
Holding the major shares of the global smart bags market are Barracuda, Inc., Samsonite IP Holdings S.A.R.L, Horizn Studios GmbH, TraxPack LLC, Modobag, Delsey S.A., Planet Traveler USA, Away Com INC, Néit Products Ltd, RIMOWA GmbH & Co Distribution KG, among others. Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through smart bags. Further advancement would aid the market value and brand establishment in the future five years.
Years considered for this report
Historical Years2016 – 2019
Base Year2020
Estimated Year2021
Forecast Period2022 – 2026
Objective of the Study
- To analyze the historical growth of the market size of global smart bags market from 2016 to 2019.
- To estimate and forecast the market size of global smart bags market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast global smart bags market based on product type, technology, distribution channel, competitional landscape, and regional distribution.
- To identify dominant region or segment in the global smart bags market.
- To identify drivers and challenges for global smart bags market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global smart bags market.
- To identify and analyze the profile of leading players operating in global smart bags market.
- To identify key sustainable strategies adopted by market players in global smart bags market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and distributors across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures and service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of global smart bags market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience
- Manufacturers, service providers, end users, and other stakeholders
- Distributors and suppliers of products & services and other stakeholders
- Organizations, forums, and alliances related to smart bags
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, service providers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
