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NEW YORK , Sept. 7, 2022 /PRNewswire/ -- The smart carry-on bags market size is expected to grow by USD 281.93 million between 2021 and 2026, according to the latest market research report by Technavio. The report expects the market to observe a YOY growth of 5.73% in 2022 and the growth momentum to accelerate at a CAGR of 6.53% during the forecast period. The report provides detailed insights on the major drivers, trends, and challenges impacting the future of the smart carry-on bags market. Understand the scope of the full report by Downloading a Sample Report Here.
The market is mainly driven by premiumization through product innovation. Some of the players operating in the market are focusing on the development of innovative smart carry-on bags. They are incorporating innovative features such as built-in scales, proximity servers, alarm systems, and water-resistant accessories in their product. For instance, Arlo Skye Inc. (Arlo Skye) offers the Arlo Skye smart carry-on bag. The product comes with a removable charger with two USB ports, one for the phone and one for the computer. Such innovative product offerings are increasing consumer interest as well as sales, thereby driving the growth of the market.
As per Technavio, the advent of e-commerce will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2022-2026.
Smart Carry-on Bags Market: Advent of e-commerce
The market has been witnessing a steady growth in the sales of smart carry-on bags through online channels. The availability of a wide range of product options has allowed consumers to compare products offered by various brands and choose the right one. In addition, online portals provide convenience while placing orders as customers need not visit the physical stores, thereby saving time. Furthermore, many online retailers provide discounts and special offers on various occasions. All these factors are driving the sales of smart carry-on bags through e-commerce platforms. This trend is expected to have a positive impact on the growth of the market during the forecast period.
Smart Carry-on Bags Market: Segmentation Analysis
This market research report segments the smart carry-on bags market by technology (USB charging and others), distribution channel (offline and online), and geography (North America , Europe , APAC, South America , and the Middle East and Africa ).
The North American region led the smart carry-on bags market in 2021, followed by Europe , APAC, South America , and the Middle East and Africa respectively. During the forecast period, North America is expected to register the highest incremental growth due to factors such as a rise in smartphone penetration, an increase in mobile subscriptions, and growing Internet penetration.
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Some of the key topics covered in the report include:
Smart Carry-on Bags Market Scope
Accelerate at a CAGR of 6.53%
North America, Europe, APAC, South America, and Middle East and Africa
US, Canada, Japan, China, UK, and Germany
Leading companies, competitive strategies, consumer engagement scope
Airwheel Holding Ltd., Andiamo Luggage, Arlo Skye Inc., Chester Travels, COWAROBOT, DELSEY, E CASE, FUGU Luggage Inc., Genius Brands LLC, Heys America Ltd., Horizn Studios GmbH, JRSK Inc., Kenneth Cole Productions Inc., Samsara Luggage, Samsonite International S.A., The Carriall Co., The LVMH group, Travelers Club, Travelpro Products Inc., Victorinox AG, and Xindao BV
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
6 Market Segmentation by Distribution Channel
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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