About Smart Luggage
Smart luggage is any suitcase or bag which contain high tech capabilities. Instead of carrying portable chargers, a person can just plug phones into bags. It also has electronic locks, GPS, Bluetooth features, and even fingerprints. Some bags even feature solar recharging capabilities to offer mobile charging facility. Growing penetration for the internet is helping people to become technology friendly. The changing needs and demands of the consumers are helping to swap the traditional luggage with the smart luggage. The main aim of smart luggage is not just to add innovation but to also make it user-friendly. The main reason behind adding innovation is that customers enjoy the journey with the maximum ease they can.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Billion) |
CAGR | 24.4% |
The market is highly competitive and is characterized by the existence of a few key players. Key players in the market include Samsonite, Delsey, Bluesmart, Away, Reden, Trunkster, Barracuda, and Lugloc. Major luggage companies are investing in incorporating the technology in their products and offer tech-savvy features and enhanced to the customers. Some of the key players in the smart luggage market focus on product development to gain a competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Smart Luggage market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Barracuda, Inc. (United States), Samsonite IP Holdings S.AR.L (Luxembourg), Horizn Studios GmbH (Germany), Modobag (United States), Delsey S.A. (France), Planet Traveler USA (United States), Away (United States), RIMOWA GmbH & Co Distribution KG (Germany), Bluesmart (United States) and Lugloc (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Raden (United States) and Samsonite (China).
Segmentation Overview
AMA Research has segmented the market of Global Smart Luggage market by , Application (Real-Time Tracking, Proximity Sensors, Remote Locking and Digital Scaling and Others) and Region.
On the basis of geography, the market of Smart Luggage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2024. Asia-Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Connectivity , the sub-segment i.e. Wi-Fi will boost the Smart Luggage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology , the sub-segment i.e. Connectivity will boost the Smart Luggage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
High Demand for Technologically Advanced Products in North America, The proliferation of IoT Based Applications in Luggage Industry in North America, Growing Focus on Innovative Product Design and Quality in Luggage Segment in Europe, Rapid Growth in Tourist Traffic and Air Travel in the Asia Pacific, Increase in Adoption of Trendy Luggage in Latin America and The focus of Manufacturers to Provide Tech-Savvy Luggage in the Middle East and Africa
Challenges:
Lack of Awareness and Knowledge of the Products
Restraints:
Data Privacy Concerns and Premium Price Being Charged
Opportunities:
Integration of These Products with Analytics and Use of SIM Cards to Access the Internet
Recently, Bluesmart the creators of the world's first smart suitcase has introduced Series 2, a new smart travel products system. The line of products includes carry-on luggage, checked bag, laptop bag, and passport pouch. The product is powered by its second-generation technology, all products connect to Bluesmart's new app, to work as a system assisting travelers along their journey. The line brings upgraded materials, expanded capacity, colors and a new sleek, and iconic look.
Key Target Audience
Smart Luggage Manufactures, Smart Luggage Distributors, Importer/Exporter, Technology investors, Research institutes and Industry association
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.