Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Smart Luggage Market Size is Estimated to Grow from USD 1962.36 Million in 2023 to USD 11087 Million by 2033, Growing at a CAGR of 18.91% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Smart Luggage Market Size, Share, and COVID-19 Impact Analysis, By Product (Backpack, Duffle Bags, Stroller, and Others), By Technology (USB Charging, SIM Card, Connectivity, and Others), By Distribution Channel (Online Stores, Specialty Stores, Brand Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Smart luggage includes several technological capabilities such as Bluetooth, GPS, Wi-Fi, and an integrated battery. This suitcase's sleek design and robust build give it a fashionable and appealing appearance. With the growing popularity of travel, people are looking for luggage options that fulfill their essential needs and improve their trip experience as a whole. With the addition of cutting-edge features such as GPS monitoring, Bluetooth, and integrated charging, conventional luggage has been turned into intelligent travel companions that provide convenience and peace of mind. A major driver of the market's growth is the growing demand from travelers for security and convenience. The expansion of the smart luggage market is also significantly influenced by the rising demand for connected travel experiences. Customers are expecting more seamless connectivity between their personal devices and transport infrastructure as the Internet of Things (IoT) grows in popularity. With quicker check-ins, smart luggage can link to airline apps. It can also track its position to help travelers effectively navigate crowded airports. Tech-savvy travelers find smart luggage to be an appealing alternative because of the trend toward connection, which enhances user experience and gives them a sense of control over travel arrangements. However, the higher price of smart luggage is expected to restrict market expansion among the population's lowest income class.
The backpack segment accounted for the largest market share of 50.56% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product, the smart luggage market is categorized into backpack, duffle bags, stroller, and others. Among these, the backpack segment accounted for the largest market share of 50.56% in 2023 and is expected to grow at a significant CAGR during the forecast period. Traveling is made more comfortable by smart travel backpacks' ergonomic design. This emphasis on comfort is crucial for regular travelers and city commuters who might have to carry their backpacks for long periods. With customers placing a greater value on comfort in addition to usefulness, smart backpacks with ergonomic features are poised for expansion. Travelers' top worries are security, and smart backpacks with features such as RFID protection and anti-theft designs help to solve these problems.
The connectivity segment is anticipated to hold the largest revenue share of the global smart luggage market through the projected period.
Based on the technology, the smart luggage market is classified into USB charging, SIM card, connectivity, and others. Among these, the connectivity segment is anticipated to hold the largest revenue share of the global smart luggage market through the projected period. The growing need for ease, security, and improved travel experiences among contemporary tourists is the main factor driving the development of connectivity features in smart luggage. As the frequency and variety of travel increases, customers are looking for luggage options that fulfill essential purposes and work in sync with technology. Real-time luggage monitoring is made possible by features such as GPS tracking and Bluetooth connectivity. The combination of these technologies is in line with the Internet of Things (IoT) trend, which is growing in popularity. Customers expect their devices to cooperate effectively, improving their whole travel experience and sense of control over their possessions.
The specialty stores segment is estimated to hold the largest revenue share of the global smart luggage market and is expected to grow at a significant CAGR through the forecast period.
Based on the distribution channel, the smart luggage market is divided into online stores, specialty stores, brand stores, and others. Among these, the specialty stores segment is estimated to hold the largest revenue share of the global smart luggage market and is expected to grow at a significant CAGR through the forecast period. Specialty stores offer a customized shopping experience that is frequently absent from bigger retail spaces. Customers may physically inspect the products, evaluate their features, and get personalized suggestions based on their travel requirements due to this hands-on experience. Access to professional guidance can greatly impact purchasing decisions and improve customer satisfaction because smart luggage frequently incorporates sophisticated technologies. Specialty stores usually target niche audiences, which enables them to successfully promote their cutting-edge luggage products.
North America is expected to hold the largest share of the smart luggage market through the forecast period.
North America is expected to hold the largest share of the smart luggage market through the forecast period. The market for smart luggage is expanding in North America owing to factors such as the rise in tech-savvy travelers, people's desire for smart features, and improvements in airport infrastructure. North American consumers prefer technologically advanced products, and the market for smart baggage is growing as more people become aware of these products' positive aspects. The North American market is expanding as a result of the growing trend of attributed luggage in the region.
Asia Pacific is predicted to grow at the fastest CAGR of the smart luggage market over the forecast period. Asia's growing domestic and international travel volume, especially in nations such as China, India, and Japan, is one of the main factors. The demand for convenient and secure luggage solutions is rising as more people travel for both business and pleasure. Smart luggage, which includes features such as biometric locks, USB charging outlets, and GPS tracking, meets the demands of contemporary tourists who value efficiency and comfort when traveling. High-tech luggage solutions that improve the travel experience are in high demand due to the expanding middle class and increased disposable incomes in these nations.
Company Profiling
Major key players in the smart luggage market include OneSmart Luggage, Bluesmart, Away, Trunkster, Barracuda, Horizn Studios, Rimowa, Samsonite, Delsey, G-RO, Enkloze, Samsara Luggage, Cowarobot, Raden, Travelmate Robotics, Plevo, Modobag, Arlo Skye, FUGU Luggage, TraxPack, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the smart luggage market based on the below-mentioned segments:
Global Smart Luggage Market, By Product
Global Smart Luggage Market, By Technology
Global Smart Luggage Market, By Distribution Channel
Global Smart Luggage Market, By Regional Analysis
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