Smart Luggage Market to record USD 4.48 Bn incremental growth; Enforcement of the weight regulations on luggage by airline companies to be a major trend -- Technavio

NEW YORK, Oct. 25, 2022 /PRNewswire/ -- The global smart luggage market size is expected to grow by USD 4.48 billion, accelerating at a CAGR of 20.87% between 2021 and 2026. To estimate the size of the market, Technavio has tracked the recent trends and developments in the apparel, accessories, and luxury goods market. The report also throws light on the pre- and post-impact of COVID-19 on businesses.

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The smart luggage market report the following factors as major growth drivers during the forecast period:

• Premiumization through product innovation
• Increasing consumer focus on luggage security
• Increasing number of product launches

In addition, the report identifies the enforcement of weight regulations on luggage by airlines as a major trend in the smart luggage market. The introduction of basic economic fare has forced most airlines to avoid heavy luggage inside the aircraft. Some are enforcing strict weight regulations for luggage. To capitalize on this trend, vendors in the market are offering smart luggage with built-in scales that help travelers comply with weight regulations set by various airline operators. This trend is expected to have a positive impact on the growth of the global smart luggage market during the forecast period.

Technavio segments the global smart luggage market by technology (connectivity, USB charging, and sim card) and geography (North America, Europe, APAC, the Middle East and Africa, and South America).

By technology, the market will observe significant growth in the connectivity segment. The inclusion of smart devices, including global positioning system (GPS), radio-frequency identification (RFID), Wi-Fi, and Bluetooth, into smart backpacks aided the prevailing tech-savvy population is driving the growth of the segment.

North America will have the largest share of the market. About 39% of the market growth will come from this region. The rise in smartphone penetration, aided by the increase in mobile subscriptions, growing Internet penetration, and increased investments toward research and development are driving the growth of the regional market. In addition, improved technological infrastructure and increased adoption of innovative and niche products among consumers are contributing to the growth of the smart luggage market in North America.

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• DELSEY: The company offers smart luggage called suitcases, travel bags, duffle bag, and tote beauty bags which comes in various sizes, shapes, and colors.
• HS New Travel GmbH: The company offers smart luggage which is animal friendly, lightweight, durable, and comes in various colors and shapes.
• Lugloc Inc.: The company offers smart luggage tracker which complies with the most rigorous flight regulations, including FAA, FCC, and TSA with a long-lasting 15 days battery.
• Modobag: The company offers smart luggage suitcase bags which can be used as a ride or a bag.
• Planet Traveler USA: The company offers smart zipper and lightweight luggage such as frame suitcases, all aluminum luggage carry bags, and expandable hardside check bags.
• ACE Co. Ltd.
• Airwheel Holding Ltd.
• Briggs & Riley Travelware LLC
• GOYARD SINGAPORE PTE. LTD.
• JRSK Inc.
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• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist smart luggage market growth during the next five years
• Estimation of the smart luggage market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the smart luggage market across North America, Europe, APAC, Middle East and Africa, and South America
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of smart luggage market vendors

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Global Smart Carry-on Bags Market 2022-2026: The global smart carry-on bags market is segmented by technology (USB charging and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The offline segment will account for maximum sales in the market. North America to occupy 35% market share. View Report Snapshot Here

Global Travel and Business Bags Market 2022-2026: The global travel and business bags market is segmented by distribution channel (offline and online), product (travel bags and business bags), and geography (Europe, APAC, North America, Middle East and Africa, and South America). The market will observe increased demand for travel bags over the forecast period. Europe to occupy 31% market share. View Report Snapshot Here

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Technology

• 5.1 Market segments 
• Exhibit 24: Chart on Technology - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Technology - Market share 2021-2026 (%)

• 5.2 Comparison by Technology 
• Exhibit 26: Chart on Comparison by Technology
• Exhibit 27: Data Table on Comparison by Technology

• 5.3 Connectivity - Market size and forecast 2021-2026
• Exhibit 28: Chart on Connectivity - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Connectivity - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Connectivity - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Connectivity - Year-over-year growth 2021-2026 (%)

• 5.4 USB charging - Market size and forecast 2021-2026
• Exhibit 32: Chart on USB charging - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on USB charging - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on USB charging - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on USB charging - Year-over-year growth 2021-2026 (%)

• 5.5 Sim card - Market size and forecast 2021-2026
• Exhibit 36: Chart on Sim card - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Sim card - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Sim card - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Sim card - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Technology 
• Exhibit 40: Market opportunity by Technology ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026 
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026
• Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 India - Market size and forecast 2021-2026
• Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 DELSEY 
• Exhibit 93: DELSEY - Overview
• Exhibit 94: DELSEY - Product / Service
• Exhibit 95: DELSEY - Key offerings

• 10.4 HS New Travel GmbH 
• Exhibit 96: HS New Travel GmbH - Overview
• Exhibit 97: HS New Travel GmbH - Product / Service
• Exhibit 98: HS New Travel GmbH - Key offerings

• 10.5 JRSK Inc. 
• Exhibit 99: JRSK Inc. - Overview
• Exhibit 100: JRSK Inc. - Product / Service
• Exhibit 101: JRSK Inc. - Key offerings

• 10.6 Lugloc Inc. 
• Exhibit 102: Lugloc Inc. - Overview
• Exhibit 103: Lugloc Inc. - Product / Service
• Exhibit 104: Lugloc Inc. - Key offerings

• 10.7 Modobag 
• Exhibit 105: Modobag - Overview
• Exhibit 106: Modobag - Product / Service
• Exhibit 107: Modobag - Key offerings

• 10.8 Planet Traveler USA 
• Exhibit 108: Planet Traveler USA - Overview
• Exhibit 109: Planet Traveler USA - Product / Service
• Exhibit 110: Planet Traveler USA - Key offerings

• 10.9 RIMOWA GmbH 
• Exhibit 111: RIMOWA GmbH - Overview
• Exhibit 112: RIMOWA GmbH - Product / Service
• Exhibit 113: RIMOWA GmbH - Key offerings

• 10.10 Samsara Luggage 
• Exhibit 114: Samsara Luggage - Overview
• Exhibit 115: Samsara Luggage - Product / Service
• Exhibit 116: Samsara Luggage - Key offerings

• 10.11 Samsonite International S.A. 
• Exhibit 117: Samsonite International S.A. - Overview
• Exhibit 118: Samsonite International S.A. - Product / Service
• Exhibit 119: Samsonite International S.A. - Key offerings

• 10.12 VIP Industries Ltd. 
• Exhibit 120: VIP Industries Ltd. - Overview
• Exhibit 121: VIP Industries Ltd. - Product / Service
• Exhibit 122: VIP Industries Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 123: Inclusions checklist
• Exhibit 124: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 125: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 126: Research methodology
• Exhibit 127: Validation techniques employed for market sizing
• Exhibit 128: Information sources

• 11.5 List of abbreviations 
• Exhibit 129: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

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SOURCE Technavio