The term smart luggage is broadly utilized for the bags and suitcases with the several tech-savvy advantages such as SIM cards, RFID, Wi-Fi hotspots, GPS, Bluetooth, Built-in batteries and digital scaling. The major aim is not to just add features to the luggage, but to generate it user-friendly in the practical applications. Such effective benefits are fueling the luggage companies to incorporate technology advantages into their assisting to stay in the ever-changing business world. The foremost luggage companies include Samsonite, Bluesmart and Delsey are investing in the incorporation of the technology into their products and serve improved the tech-savvy features to the consumers. Additionally, the luggage industry is observing the innovation fueled by the addition of a tracking system, Bluetooth features, and automated locking creating a niche smart luggage market. Due to this, numerous luggage companies and crowd-funded start-ups are adding the tech benefits to the luggage products to address the standing innovations.
Furthermore, the players of smart luggage market are doing effective developments in the technology and investing the handsome amount of money for innovating the new product design and quality which further increase the demand and leading the fastest market growth while attaining the handsome amount of share around the globe more positively in the coming years. According to the report analysis, ‘Smart Luggage Market - Global Drivers, Opportunities, Trends, and Forecasts to 2022’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the handsome amount of share across the globe in the short span of time while innovating the features at a reasonable price, increasing the knowledge and effective rise in M2M communications includes Samsonite, Delsey, Bluesmart, Raden, Away, Trunkster, and Lugloc. Moreover, new players are incoming the market and key luggage companies are demanding to attain them to advance their technical knowledge for the advancement of their product portfolio.
According to research, the Smart Luggage market is anticipated to reach USD 2,353.2 million by 2022, increasing at a foremost CAGR of around 26.4%. Moreover, Technology is the major booming the factor for smart luggage market. The foremost technology suppliers have amalgamated hands with luggage producers to the server the innovative solutions, which allow the consumers to appreciate the journey with concentrated comforts such as luggage tracking, USB charging, digital scaling, and remote locking. Furthermore, based on geography, recently the Americas is having the mainstream of the market share majorly owing to the improvements in the technology and its acceptance. The market is observing the conspicuous growth in countries such as the US and Canada. Americas is followed by the Asia Pacific. Moreover, the RoW region is anticipated to have an encouraging growth in the market, which will serve the huge opportunities for key players to deliver innovative solutions in the region.
Additionally, the growing airline travel & tourism, innovations in product design & quality, the requirement for the IoT-based applications, and customer shift towards leisure lifestyle is compelling the organizations to aim at entrenching the technology features into their traditional luggage. The growing international travel and internet dissemination are some of the foremost growth factors for introducing technology benefits in the luggage industry. Therefore, in the near future, it is anticipated that the market of smart luggage will increase around the globe more positively over the recent few years.
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Ankur Gupta, Head Marketing & Communications