Global Smart Carry-on Bags Market 2017-2021
About Smart Carry-on Bags
Smart carry-on bags are suitcases or trolley bags that are incorporated with smart technology. Most notably, smart carry-on bags are equipped with location tracking technology through GPS. The bags are incorporated with other advanced features like integrated scales to help the luggage stay within weight limits. Smart carry-on bags have built-in batteries with USB ports to charge electronic devices.
Technavio’s analysts forecast the global smart carry-on bags market to grow at a CAGR of 24.51% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart carry-on bags market for 2017-2021. To calculate the market size, the report considers the revenue generated through the retail sales of different types of smart carry-on bags.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Smart Carry-on Bags Market 2017-2021
Technavio recognizes the following companies as the key players in the global smart carry-on bags market: AWAY, Barracuda, Bluesmart, FUGU LUGGAGE, RADEN, and Trunkster
Other Prominent Vendors in the market are: DELSEY, MODOBAG, Néit, Planet Traveler, RIMOWA, Samsonite International, and TRAXPACK.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Advent of e-commerce. With the advent of e-commerce, a large number of customers are inclined toward online shopping. The vendors who have a strong digital presence benefit from the increased demand for online shopping among customers. The vendors of smart carry-on bags market cater to an international audience. In mature markets, e-commerce has already been established. On the contrary, the trend of e-commerce is less developed in emerging markets.”
According to the report, one of the major drivers for this market is Premiumization through product innovation. Technological innovation drives the global smart carry-on bags market to a large extent. Various players in the market are developing innovative smart carry-on bags with features like built-in scales, proximity servers, alarm systems, and water-resistant accessories. The prime advantage of a smart carry-on bag is hassle-free travel. Some of the pioneers in the smart carry-on bags market are Bluesmart and Samsonite. Of late, the market is flooded with a number of emerging players. RADEN is one such launch that is incorporated with smart apps. Smart apps incorporated in smart carry-on bags inform the user on optimal routes, destination-weather, and wait timings.
Further, the report states that one of the major factors hindering the growth of this market is High cost associated with smart carry-on bags. Smart carry-on bags that are launched in the global market are incorporated with the most advanced technologies in order to facilitate frequent connectivity. Although they possess advanced features, they are not reasonably priced as smart carry-on bags cater to the premium customer segment. Most smart carry-on bags launched by leading vendors are priced in the range of $200-$550. The affordability of such bags, therefore, is low. The high prices associated with smart carry-on bags and the presence of numerous opportunities in the market challenge the growth of the global smart carry-on bags market.
AWAY, Barracuda, Bluesmart, FUGU LUGGAGE, RADEN, Trunkster, DELSEY, MODOBAG, Néit, Planet Traveler, RIMOWA, Samsonite International, and TRAXPACK.
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