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Smart Luggage Market: Introduction

  • Smart luggage are bags with remote lock systems, GPS locator, USB ports for charging the device, remote or app enabled controls, Wi-Fi or Bluetooth connectivity, and solar powered batteries. Smart luggage have anti-theft protection, which provides the user with an alarm or notification when the luggage gets disconnected or is moved out of range. Smart luggage are not only technological advanced but also have a stylish look, which is expected to drive the market during the forecast period.  

Key Drivers and Opportunities of the Global Smart Luggage Market

  • The corporate and leisure travel market was booming before the COVID-19 pandemic. The travel industry is expected to be on track in the coming years due to gradual removal of travel restrictions regionally and globally. The growing travel industry around the world is expected to fuel the smart luggage market during the forecast period.
  • Smart luggage provides convenience and satisfaction to consumers. The inbuilt features allow consumers to enjoy their trip without any difficulties. Thus, it is expected that the smart luggage market will grow during the forecast period.
  • Smart luggage generally have a lithium battery which is used to charge other devices or power itself. Airlines have banned smart luggage containing non-removable lithium battery because according to airline lithium regulation, the lithium battery is dangerous as it can cause fire. Hence, the growth of the smart luggage market can face constraints. On similar lines, manufacturers have an opportunity to either manufacture batteries of other metals or manufacture luggage with removable batteries. This could give a huge push to the smart luggage market during the forecast period.

North America and Europe to Hold Major Share of the Global Smart Luggage Market

  • In terms of region, the smart luggage market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • North America is leading the market in terms of introducing technological advancement in the products. People of North America prefer technologically advanced products; awareness among the people about benefits of these products is likely to be a driving factor for the smart luggage market in North America during the forecast period.
  • Europe witnesses huge tourist inflow every year as Europe is considered to be the most favored destination among tourists. Furthermore, Europeans too travel the most compared to people living in other parts of the world. Therefore, Europe has huge potential in the smart luggage market. It is expected that the region would hold a considerable share in the global smart luggage market during the forecast period.

Key Players Operating in the Global Smart Luggage Market

  • Away
  • Barracuda, Inc.
  • Bluesmart Inc.
  • Horizn Studios
  • Rimowa
  • Samsara Luggage
  • Samsonite International S.A.
  • Travelpro
  • Victorinox Swiss Army
  • Wrangler

Global Smart Luggage Market: Research Scope

Global Smart Luggage Market, by Technology

  • USB Port
  • Connectivity
    • Wi-Fi
    • Bluetooth
    • Others (GPS, Hotspot etc.)
  • Sim Card

Global Smart Luggage Market, by Battery

  • Removable
  • In-built

Global Smart Luggage Market, by End-user

  • Men
  • Women
  • Children

Global Smart Luggage Market, by Size

  • Small
  • Medium
  • Large

Global Smart Luggage Market, by Price

  • Low
  • Medium
  • High

Global Smart Luggage Market, by Distribution Channel

  • Online
    • Company owned websites
    • E-commerce websites
  • Offline
    • Hypermarkets / Supermarkets
    • Specialty Stores
    • Other Retail Stores

Global Smart Luggage Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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
  • Europe
  • 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.

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Smart Luggage Market

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