Dublin, June 01, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Smart Luggage Market - Global Drivers, Opportunities, Trends, and Forecasts to 2022" report to their offering.
The Smart Luggage market is expected to reach $2,353.2 million by 2022, growing at a CAGR of around 26.4%.
The luggage industry is witnessing innovation driven by the addition of tracking system, automated locking, and Bluetooth features creating a niche smart luggage market. Owing to this, several luggage companies and crowd-funded start-ups are adding tech features to the luggage products to address the stagnant innovation. The term smart luggage is widely used for bags and suitcases with various tech-savvy features such as Wi-Fi hotspots, SIM cards, GPS, Bluetooth, RFID, built-in batteries, and digital scaling. The aim is not to just add features to the luggage, but to make it user-friendly in practical applications. These benefits are driving luggage companies to incorporate technology features into their offerings to stay in the ever-changing business world. The major luggage companies such as Bluesmart, Samsonite, and Delsey are investing in the incorporation of technology into their products and offer enhanced tech-savvy features to the customers.
Market Analysis:
Increasing airline travel & tourism, innovations in product design & quality, demand for IoT-based applications, and consumer shift towards leisure lifestyle are forcing organizations to focus on embedding the technology features into their traditional luggage. The increasing international travel and internet penetration are some of the major drivers for introducing technology applications in the luggage industry.
Technology is the major boosting factor for smart luggage market. The major technology providers have joined hands with luggage manufacturers to offer innovative solutions, which enable the customers to enjoy the journey with maximum comfort such as luggage tracking, USB charging, digital scaling, and remote locking. New players are entering the market and key luggage companies are trying to acquire them to gain their technical knowledge for the betterment of their product portfolio. The technology market is further segmented into connectivity, sensors, SIM cards, USB charging, and others. In 2016, connectivity technology had a major share of the market and is expected to reach $898.0 million by 2022, growing at a CAGR of 26.7% during the forecast period 2016-2022.
The key players covered in the report are Samsonite, Delsey, Bluesmart, Raden, Away, Trunkster, and Lugloc.
Key Topics Covered:
1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 Pest Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.1.1 Market Size and Analysis
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
3.3.1 Smart Wallets
4 Market Outlook
4.1 Overview
4.2 Market Definition
4.3 Market Trends and Impact
4.4 Market Segmentation
4.5 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Traditional Luggage vs Smart Luggage
5.2 Technology Roadmap
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increase in tourist traffic and air travel
5.3.1.2 Innovation in product design and quality
5.3.1.3 Consumer shift for high standard living
5.3.1.4 Rise in demand for IoT based applications
5.3.2 Restraints
5.3.2.1 High cost
5.3.2.2 Lack of knowledge
5.3.2.3 Feasible only for airports
5.3.3 Opportunities
5.3.3.1 Integration with analytics
5.3.3.2 M2M communication
5.3.3.3 Opportunities in Asia Pacific countries
5.3.4 DRO - Impact Analysis
5.3.5 Key Stakeholders
6 Distribution Channel: Market Size & Analysis
6.1 Overview
6.2 Factory Outlets
6.2.1 Market Size and Analysis
6.3 Internet Sales
6.3.1 Market Size and Analysis
6.4 Specialist Retailers
6.4.1 Market Size and Analysis
6.5 Others
6.5.1 Market Size and Analysis
7 Technologies and Services: Market Size & Analysis
7.1 Overview
7.2 Connectivity
7.2.1 Wi-Fi
7.2.2 Bluetooth
7.2.3 GPS
7.2.4 RFID
7.2.5 Market Size and Analysis
7.3 Sensors
7.3.1 Market Size and Analysis
7.4 SIM Cards
7.4.1 Market Size and Analysis
7.5 USB Charging
7.5.1 Market Size and Analysis
7.6 Others
7.6.1 Market Size and Analysis
8 Applications: Analysis
8.1 Overview
8.2 Real-time Tracking
8.3 Texting Alerts
8.4 Remote Locking
8.5 Digital Scaling
8.6 Others
9 Regions: Market Size & Analysis
10 Competitive Landscape
10.1 Vendors Assessment
10.2 Samsonite
10.3 Bluesmart
10.4 Raden
10.5 Delsey
11 Vendor Profiles
11.1 Samsonite
11.2 Delsey
11.3 Bluesmart
12 Companies to Watch for
12.1 Raden
12.2 Away
12.3 Trunkster
12.4 Lugloc
Companies Mentioned
- Away
- Bluesmart
- Delsey
- Lugloc
- Raden
- Samsonite
- Trunkster
For more information about this report visit http://www.researchandmarkets.com/research/9tv6qv/smart_luggage