Bags are one of the most widely traded commodities in the world. There are many daily activities we can’t think of doing without having a bag by our side. Portable transport bags are the newest trend - transportable bags allow you to carry more material in an organized way. Given that borders have become quite accessible, global trips have also become frequent and common for people. This is propelling the market for portable transport bag. It is being said that customization of portable transport bags in terms of space and capacity can boost the market globally during the forecast period. In the absence of any major economic crunch, sales in key markets such as the US, China, Japan, and France are expected to rise steadily between 2016 and 2024.
Portable Transport Bags Market- Market Segmentation:
The portable transport bags market can be segmented into categories based on material type, product type and end use type. On the basis of material type, the portable transport bag market is segmented into plastic, leather, and others. Others includes jute, rubber, and paper portable transport bags. On the basis of product type, the global portable transport bag market is segmented into hand bag, back pack, trolley bag luggage, travel bag, and cosmetic bag. Based on the end use type, the global portable transport bag market is segmented into commercial use and non-commercial. The commercial use category can be further fragmented into segments like food and beverages, pharmaceuticals, chemical industry, cosmetics and personal care, and industrial goods.
Portable Transport Bags Market- Market Dynamics:
Given the increase in trade activities and material transportation, the portable transport bags market is growing significantly. Increasing demand for daily carry out activities is bolstering the market for portable transport bag. Due to the boom in online commerce, manufacturers have found a new platform to sell their portable transport bags, a trend that is adding to the growth of the industry. Technological improvements such as the facility of a coolant or a heater in the bag as per the material requirements is also anticipated to boost market growth over the forecast period. Moreover, light-weight portable transport bags are strengthening the market rapidly. Unfortunately, since the durability of these bags is less compared to metal containers, this is a restraining factor for the portable transport bag. The increasing demand for customized bags from different industries like food & beverages, pharmaceuticals, and chemicals can also be a good opportunity for the portable transport bag market.
Portable Transport Bags Market- Regional Outlook:
Geographically, the portable transport bags market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC), and Middle East & Africa (MEA). The growth of global portable transport bags market is expected to witness a healthy CAGR over the forecast period of 2016-2024. It is expected that the Asia-Pacific region will witness a high growth in the portable transport bags market due to the rise in consumption pattern. The demand of the portable transport bags market is expected to witness an above average growth in North America due as these bags will find increasing commercial and industrial usage in the country.
Portable transport bags Market- Major Players:
Some of the key players of the global portable transport bag market are PETZL SECURITE, UTILITY DIADORA, Beal Pro, IRUDEK 2000, ROX, BLAKLADER WORKWEAR, NEOFEU, GeoMax, Precintia International, Ansell Protective Solutions, HELLY HANSEN Work Wear, Swiss Rescue, DMM Professional, Grundens of Sueden, Versar PPS, MALETAS TECNICAS BOXFORT, LAFONT, SOMAIN SECURITE, Louis Blockx, and NNZ.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.