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The smart carry-on bags market size is valued to increase by USD 340.82 million, at a CAGR of 6.85% from 2023 to 2028. Premiumization through product innovation will drive the smart carry-on bags market.
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In today's business environment, the adoption of smart carry-on bags has become a strategic priority for many organizations. Compared to traditional luggage, these bags offer a weight distribution system that enhances ergonomics and reduces the physical strain on travelers, resulting in a 25% increase in productivity during business trips. Furthermore, the use of polycarbonate shells and impact-resistant materials ensures structural integrity, allowing for a 30% reduction in replacement costs over a three-year period. Smart carry-on bags also provide features such as RFID blocking linings, TSA-approved dimensions, and water-resistant fabric, ensuring compliance with airline baggage restrictions and enhancing data security. With a volume capacity of up to 45 liters, these bags offer ample space for business essentials, including a padded laptop sleeve and removable battery pack for charging devices on the go. Moreover, smart carry-on bags undergo rigorous durability testing, including wheel bearing durability, handle locking mechanism strength, and zipper strength testing, to ensure long-lasting performance and a solid return on investment. The integration of digital baggage tracking and spinner wheel systems further enhances the efficiency and convenience of business travel.
Product innovation is the primary catalyst for premiumization in the market, driving growth and differentiation among competitors.
The advent of e-commerce signifies the latest market trend. E-commerce's increasing popularity is a notable development in contemporary business.
The rising costs linked to advanced features in smart carry-on bags represent a significant challenge impeding the industry's growth trajectory.
The smart carry-on bags industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The usb charging segment is estimated to witness significant growth during the forecast period.
Smart carry-on bags have evolved significantly, integrating advanced features to enhance convenience and security for travelers. One notable innovation is the integration of USB charging ports. These bags allow users to charge their devices directly from the bag, eliminating the need to carry additional power banks. According to industry reports, over 60% of smart carry-on bags now offer USB charging capabilities. Other features include weight distribution systems, polycarbonate shells, structural integrity testing, and weight capacity limits. RFID blocking linings, ergonomic grip, wheel bearing durability, and impact-resistant materials ensure the bags' longevity. With 360-degree maneuverability, abs plastic or hard shell construction, telescoping handles, and removable battery packs, these bags adhere to TSA-approved dimensions and airline baggage restrictions.
Material density ratings, padded laptop sleeves, TSA lock mechanisms, volume capacity measurements, and lithium battery regulations are other essential considerations. Smart carry-on bags undergo rigorous durability testing, featuring wear-resistant coatings, scratch-resistant finishes, compression straps, zipper strength testing, digital baggage tracking, handle locking mechanisms, water-resistant fabric, and integrated USB charging.
The USB charging segment was valued at USD 443.12 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is witnessing significant growth due to increased R&D funding and the region's high adoption rate. Factors such as rising smartphone penetration, mobile subscriptions, and Internet penetration are fueling the demand for these technologically advanced luggage options. Smart carry-on bags, which integrate various features like GPS tracking, digital scales, and charging ports, offer operational efficiency gains and cost reductions for travelers. According to recent estimates, the North American market for smart carry-on bags is projected to expand at a robust pace, with sales reaching over 3 million units by 2025.
This growth can be attributed to the continuous advancements in technology and the increasing awareness among consumers of the benefits these bags provide. The market's expansion is further bolstered by the growing infrastructure to support these innovative and niche products.
Customer Landscape of Smart Carry-on Bags Industry
Companies are implementing various strategies, such as strategic alliances, smart carry-on bags market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Airwheel Holding Ltd. - This company specializes in innovative carry-on luggage, featuring designs such as Red Ruby, Royal Sapphire, and Black Onyx. Their product line showcases a commitment to advanced functionality and stylish aesthetics, catering to discerning travelers.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Smart Carry-on Bags Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.85% |
Market growth 2024-2028 |
USD 340.82 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.29 |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is witnessing significant growth as travelers seek more functionality and convenience in their luggage. When evaluating smart carry-on bags, it's crucial to consider various factors that ensure both durability and compliance with TSA regulations. One essential aspect is material strength testing, ensuring the carry-on bag can withstand the rigors of travel. Polycarbonate luggage, for instance, offers superior impact resistance compared to other materials, making it a popular choice. However, the weight distribution within the bag must be optimized to maintain maneuverability, especially when considering the additional weight of lithium battery-powered devices. Design considerations for ergonomic carry handles and testing the strength of zipper mechanisms are essential for user experience. Impact resistance levels in various carry-on materials, such as polycarbonate and aluminum, should be evaluated to ensure protection against accidental drops. Measuring the durability of spinner wheel systems and analyzing the expandable capacity mechanisms are vital for operational planning in the supply chain. Water-resistant fabric performance under pressure and scratch-resistant coatings are essential for maintaining the bag's appearance and longevity. Comparing handle locking mechanisms and performance testing of wheel bearing systems are critical for ensuring compliance with airline baggage size regulations. Evaluating protective padding in carry-on bags and the robustness of luggage construction materials are essential for safeguarding valuable contents. The effects of material density on overall luggage weight and the efficiency of internal organization in carry-on designs are crucial factors when considering the total cost of ownership. Ultimately, smart carry-on bags that balance functionality, durability, and compliance with TSA regulations will continue to capture market share in the growing travel industry.
What is the expected growth of the Smart Carry-on Bags Market between 2024 and 2028?
USD 340.82 million, at a CAGR of 6.85%
What segmentation does the market report cover?
The report is segmented by Technology (USB charging and Others), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
Which regions are analyzed in the report?
North America, Europe, APAC, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Premiumization through product innovation, High costs associated with smart carry-on bags
Who are the major players in the Smart Carry-on Bags Market?
Airwheel Holding Ltd., Andiamo Luggage, Arlo Skye Inc., Chester Travels, DELSEY, E CASE, Genius Brands LLC, HEYS AMERICA ONLINE LTD., HS New Travel GmbH, JRSK Inc., Kenneth Cole Productions Inc., Modobag, Samsara Luggage, Samsonite International SA, The Carriall Co., The LVMH group, Travelers Club, Travelpro Products Inc., Victorinox AG, and XD Connects B.V.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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