Enjoy complimentary customisation on priority with our Enterprise License!
The smart luggage market size is forecast to increase by USD 5.54 billion, at a CAGR of 23.84% between 2023 and 2028. The market is experiencing robust growth due to several key drivers. First, premiumization through product innovation is a significant factor. Companies are continuously enhancing their offerings with advanced features and high-quality materials, catering to consumers who seek superior and differentiated products. This focus on innovation and luxury drives market expansion as brands strive to offer more sophisticated solutions. Additionally, there is a growing consumer emphasis on luggage security. As travelers become more concerned about the safety of their belongings, there is increased demand for luggage with enhanced security features, such as advanced locking mechanisms and tracking technology. Furthermore, the rising number of product launches contributes to market growth. Frequent introductions of new and improved products keep the market vibrant and competitive, meeting evolving consumer preferences and setting new industry standards. Together, these factors premiumization, security concerns, and frequent product innovations are propelling the market forward.
For More Highlights About this Report, Request Free Sample
The Smart Luggage Market is witnessing significant growth due to the increasing demand for enhanced travel experience from travelers. Smart luggage is equipped with advanced features such as remote locking, location tracking, integrated scales, charging, and smart compartments. These features make the travel experience more convenient and efficient for travelers. The Internet of Things (IoT) technology is playing a crucial role in the development of smart luggage, with GPS and Bluetooth enabling real-time tracking and location monitoring. Leading brands like Bluesmart are offering digital scale and battery-operated luggage with USB ports for charging devices on the go. Some smart luggage also comes with SIM cards for uninterrupted connectivity. The market is segmented based on travel type, including business travel, tour travel, trekking & hiking, and tourist traffic. Stylish luggage with digital locking systems, such as pattern lock, pin lock, and password lock, are gaining popularity among travelers. The remote locking feature adds an extra layer of security to the luggage, ensuring peace of mind for travelers. Overall, the smart luggage market is expected to continue its growth trajectory in the coming years, offering innovative solutions to meet the evolving needs of travelers.
Premiumization through product innovation is notably driving market growth. The global smart luggage market is experiencing significant growth due to the integration of advanced technologies such as digital locks, RFID, sensors, and real-time tracking. Smart luggage offers numerous benefits for international air travel, including digital scaling, USB charging, and IoT connectivity via Bluetooth and Wi-Fi. Brands like JRSK Inc (Away) and Samsonite International SA are leading the market with innovative features such as pattern lock, pin lock, password lock, and remote locking. Emerging players are also entering the market with offerings such as Samsara Aluminum Carry-On, which comes with a USB-C port, a 10,000 mAh battery for recharging, and an LED light system that activates in dark conditions.
Further, smart luggage is not limited to business and tour travel but also caters to leisure activities and trekking & hiking. The market includes a wide range of products such as duffel bags, strollers, travel backpacks, and both soft and hard luggage made of materials like nylon, canvas, and plastic. Specialty stores, online stores, and brand stores are the major distribution channels for smart luggage. Data privacy concerns are a potential challenge for the market, but the benefits of hassle-free travel and enhanced convenience are expected to drive its growth. Thus, such factors are driving the growth of the market during the forecast period.
Enforcement of weight regulations on luggage by airlines is the key trend in the market. The international air travel industry has imposed weight regulations due to increasing demand for lightweight luggage and the implementation of basic economy fares by airlines. These regulations restrict luggage that exceeds certain dimensions, typically 12 inches in height or width, leading consumers to pay additional fees. To comply with these regulations, the market for smart luggage with digital scales integrated into the design has gained traction. Brands like JRSK Inc (Away), Horizn Studio GmbH, and Samsonite International SA offer such luggage, which includes duffel bags, travel backpacks, and strollers, equipped with digital scales, USB charging ports, and RFID technology for real-time tracking and proximity sensors.
Moreover, the integration of IoT, Bluetooth connectivity, GPS tracking, and WIFI hotspot features further enhances the functionality of smart luggage, offering convenience and peace of mind to travelers. Specialty stores, online stores, and brand stores cater to the growing demand for smart luggage, offering a wide range of options in materials like nylon, canvas, and plastic. Thus, such trends will shape the growth of the market during the forecast period.
High costs associated with smart luggage is the major challenge that affects the growth of the market. The global market for smart luggage has witnessed significant growth due to the integration of advanced technologies such as digital locks, RFID, sensors, USB charging, real-time tracking, and proximity sensors. These features cater to the needs of business and tour travelers, providing convenience and security. Smart luggage comes in various forms, including battery-operated duffel bags, strollers, and travel backpacks, made from materials like nylon, canvas, and plastic.
Further, the digital locking system can be accessed through pattern lock, pin lock, password lock, or remote locking feature, ensuring enhanced security. IoT and Bluetooth connectivity enable GPS tracking and WIFI hotspot features, allowing users to locate their luggage and stay connected during leisure activities and tourism spots. Despite these advantages, the high price point, ranging from USD 200 to USD 550, poses a challenge to consumer adoption. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also 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 market 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.
The connectivity segment is estimated to witness significant growth during the forecast period. In the evolving travel landscape of 2023, the global smart luggage market experienced significant growth, particularly in the connectivity segment. This segment's expansion was driven by the integration of advanced technologies such as GPS, RFID, Wi-Fi, and Bluetooth into smart bags. Travelers' increasing preference for seamless connectivity and control over their belongings fueled this trend. Smart luggage, equipped with features like remote locking, location tracking, and integrated scales, transformed the travel experience. The Internet of Things (IoT) played a pivotal role in enabling these functionalities. Personal gadgets, such as smartphones, were integrated with these bags for real-time tracking and control.
Get a glance at the market share of various regions Download the PDF Sample
The connectivity segment accounted for USD 899.70 million in 2018. Traditional luggage was left behind as travelers sought dependability and repair centers for their high-tech bags. The aesthetic tastes of consumers were catered to with sleek designs and innovative materials like polycarbonate. The charging and smart compartments within these bags ensured that travelers remained connected and powered throughout their journeys. The connectivity segment's dominance in the smart luggage market was a testament to the growing importance of technology in the travel industry. The integration of these features offered travelers peace of mind, convenience, and control over their luggage, enhancing their overall travel experience.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 39% 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. The Smart Luggage Market is experiencing significant growth as travelers seek to enhance their travel experience with innovative and technologically advanced bags. Remote locking and location tracking features are becoming increasingly popular, allowing travelers to secure their bags and monitor their whereabouts in real-time. Integrated scales ensure accurate weight measurement before departures, while charging compartments keep personal gadgets powered during journeys. The Internet of Things (IoT) enables seamless integration with travel infrastructure, such as airports and transportation choices. Smart luggage is made from durable materials like polycarbonate, ensuring dependability and lightweight design that caters to aesthetic tastes.
Further, charging connections, Bluetooth, Wi-Fi, and even sim cards are integrated into the bags for optimal connectivity. Brands like Bluesmart lead the market with advanced digital features such as smart compartments, GPS, and even a digital handle. As the travel culture evolves, smart luggage is becoming an essential part of the journey, offering control, convenience, and peace of mind. With increasing tourist traffic, repair centers are also emerging to cater to the unique needs of this new generation of luggage. Battery life is a crucial consideration, ensuring uninterrupted functionality during long trips. The connectivity segment, in particular, is expected to dominate the smart luggage market, as travelers increasingly rely on their smartphones and other devices for seamless travel experiences.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
You may also interested in below market reports:
The market is witnessing significant growth as travelers seek to enhance their travel experience with innovative and tech-savvy bags. These bags come equipped with features such as remote locking, location tracking, integrated scales, and charging ports. The Internet of Things (IoT) plays a pivotal role in the seamless integration of these personal gadgets with transport infrastructure, allowing for control and connectivity through Wi-Fi and Bluetooth. Smart luggage boasts battery life that keeps travelers charged on the go, with charging connections for smartphones and other devices. Traditional luggage brands are responding to the trend, integrating technology into their designs for dependability and repair centers. Lightweight and stylish luggage made of polycarbonate material caters to aesthetic tastes. Brands like Bluesmart lead the market with advanced features such as sim cards and digital handles, while GPS and TSA locks ensure peace of mind for travelers. The connectivity segment, including Wi-Fi and Bluetooth, is expected to dominate the market. As tourist traffic increases, airports and transportation choices become more reliant on smart luggage, making it an essential part of the travel culture.
Market Scope |
|
Report Coverage |
Details |
Page number |
131 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 23.84% |
Market growth 2024-2028 |
USD 5.54 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
20.34 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 39% |
Key countries |
US, China, Germany, UK, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ACE Co. Ltd., Airwheel Holding Ltd., Briggs and Riley Travelware LLC, DELSEY, GOYARD ST HONORE, HS New Travel GmbH, JRSK Inc., Lugloc Inc., Modobag, Planet Traveler USA, RIMOWA GmbH, Samsara Luggage, Samsonite International S.A., Travelpro Products Inc., VF Corp., Victorinox AG, and VIP Industries Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.