Smart Luggage Market Research Report: Information By Product Type (Duffel Bags, Strollers, Travel Backpacks, and Others), By Luggage Connectivity (RFID, GPS, and Bluetooth), By Weight (Soft Luggage, and Hard Luggage), By Material (Nylon, Leather, Canvas, Plastic, and Others), By Distribution Channel (Specialty Stores, Online Stores, Brand Stores, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

Smart Luggage Market Overview :

Smart Luggage Market Size was valued at USD 1.5 Billion in 2022. The Smart Luggage market industry is projected to grow from USD 1.87 Billion in 2023 to USD 10.78 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.50% during the forecast period (2023 - 2032). The advent of technological features like GPS tracking, Bluetooth connectivity for smartphones, and Internet of Things (IoT) along with growing infrastructure development associated with tourist destinations are the key market drivers boosting the expansion of the market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Smart Luggage Market Trends

Increasing development of infrastructure associated with tourist destinations is driving the market growth

Market CAGR for smart luggage is being driven by the increasing development of infrastructure associated with tourist destinations. Smart baggage is a new type of luggage that combines some of the bag's advanced functions with its basic features to make it easier for customers to use. Due to the fact that these bags' USB connections allow users to charge their devices, battery-operated baggage is very popular. Furthermore, players are seeing growth potential due to shifting consumer preferences for bags with varying colors and textures.

Additionally, well-known businesses typically choose to create smart luggage bags for a variety of uses, including business travel, tour travel, trekking and hiking, etc., in order to satisfy the general demand for these kinds of goods from consumers. People frequently utilize luggage equipped with a digital locking system, which includes a pattern, pin, and password lock in addition to a remote locking capability, to reduce the risk of losing valuables from their bags. The integration of technological elements like GPS tracking, Bluetooth connectivity for smartphones, and Internet of Things (IoT) in the design of these items has caused a notable rise in the demand from customers for smart luggage.

Furthermore, the increasing number of people engaging in leisure activities worldwide is contributing significantly to the long-term demand for these kinds of items. Additionally, the income from smart luggage is probably going to be driven by the growing infrastructure development associated with the tourist destinations. In addition, the market's long-term growth is being fueled by an increase in consumers' online shopping for luggage products. However, it is projected that the increased cost of smart luggage may restrict market growth among the population's lower income segment. For instance, as per the Consumer Reports Organization poll from 2019, out of 17,000 respondents, 27% shifted to online buying for baggage from their previous practice of purchasing it from local physical retailers. Thus, result in driving the Smart Luggage market revenue.

Smart Luggage Market Segment Insights:

Smart Luggage product type Insights

The Smart Luggage market segmentation, based on product type includes Duffel Bags, Strollers, Travel Backpacks, and Others. The duffel bags segment dominated the market. This is because they are lighter than other types of bags. Additionally, due to these bags' sufficient shelf space and improved resilience to outside pressure, most individuals choose to use them.

Smart Luggage Luggage Connectivity Insights

The Smart Luggage market segmentation, based on Luggage Connectivity, includes RFID, GPS, and Bluetooth. The RFID category generated the most income. For security reasons, using RFID scanning technology at airports is generally chosen.

Figure1: Smart Luggage Market, by Luggage connectivity, 2022&2032(USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Smart Luggage Weight Insights

The Smart Luggage market segmentation, based on Weight includes Soft Luggage, and Hard Luggage. The hard luggage segment dominated the market. When opposed to soft luggage bags, individuals often prefer to use these because they are more likely to have security elements enabled.

Smart Luggage Material Insights

The Smart Luggage market segmentation, based on Material, includes Nylon, Leather, Canvas, Plastic, and Others. The nylon category generated the most income. Because nylon has a greater capacity to absorb water, suitcase contents don't get wet, accounting for the highest proportion of the nylon segment.

Smart Luggage Distribution Channel Insights

The Smart Luggage market segmentation, based on Distribution Channel includes Specialty Stores, Online Stores, Brand Stores, and Others. The specialty stores segment dominated the market. This is due to the large selection of branded backpacks and travel bags that these stores have available.

Smart Luggage Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Smart Luggage market area will dominate this market. The reason for this is that people in nations like the United States and Canada have a greater tendency to use technology-enabled products.

Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.

Figure2: SMART LUGGAGE MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Smart Luggage market has the second-largest portion of the market. This is due to the fact that Europe is the most popular tourist destination, drawing a sizable number of visitors annually. Further, the German Smart Luggage market had the biggest market share, and the UK Smart Luggage market was the European market with the quickest rate of growth.

The Asia-Pacific Smart Luggage Market is anticipated to expand between 2023 and 2032 at the quickest CAGR. This is explained by the governments' encouraging assistance for the growth of tourism in nations like India. Moreover, China’s Smart Luggage market had the biggest market share, and the Indian Smart Luggage market was the Asia-Pacific region's fastest-growing market.

Smart Luggage Key Market Players& Competitive Insights

Leading market players are putting a lot of money on R&D to expand their product lines, which will help the market for smart luggage flourish. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, Smart Luggage industry must provide reasonably priced goods.

Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the Smart Luggage industry to help customers and expand the market segment. In recent years, the Smart Luggage industry has provided some of the biggest benefits to medicine. Major players in the Smart Luggage market, including KABUTO, Tripp Ltd., Delsey S.A., Tumi Inc., RIMOVA, Arlo Skye, JRSK Inc., Samsonite IP Holdings S.AR.L., HORIZN STUDIOS, LugLoc Shop, and others, are engaging in research and development activities in an effort to boost market demand.

Tumi Holdings, Inc., with its headquarters in Edison, New Jersey, produces upscale travel bags and luggage. Named for a ceremonial knife used for sacrifices in Peru, the company was founded in 1975 by Charlie Clifford, who had served in the Peace Corps in Peru prior to his time there. Up to the time of its 2012 initial public offering, Tumi, Inc. was a division of Doughty Hanson & Co. In November 2019, Tumi has been named by McLaren as the official luggage partner of McLaren Racing and McLaren Automotive.

Premium baggage and travel accessories are the brand's hallmarks. Arlo Skye is a travel and leisure company. In order to satisfy the needs of contemporary travelers who want both elegance and practicality in their luggage, it focuses on fusing exquisite design with robust materials. They frequently incorporate creative design features and meticulous detailing into their products. In January 2022, One of Arlo Skye's most recent innovations was its partnership with the energetic and colorful artist Shinji Murakami. As a result of their partnership, limited-edition suitcases bearing Murakami's unique designs were released, giving their product range a creative touch.

Key Companies in the Smart Luggage market include

• JRSK Inc.


• Samsonite IP Holdings S.AR.L.


• HORIZN STUDIOS


• LugLoc Shop


• KABUTO


• Tripp Ltd.


• Delsey S.A.


• Tumi Inc.


• RIMOVA


• Arlo Skye

Smart Luggage Industry Developments

September 2019: Samsonite IP Holdings S.AR.L. and Panasonic Corporation collaborated to introduce a new product called "EVOA Tech," which uses embedded Bluetooth and Internet of Things technologies to allow consumers to tag and track luggage using their cellphones.

May 2020: Australian lifestyle brand Porsche SE, under the Porsche Design brand, has teamed up with Bricstore to create luggage solutions that are lightweight and highly functional for the Italian market.

August 2020: Samsora and Monogoto announced a collaboration that will enable users to connect to their smart bags via the WIFI hotspot capability. Future demand for smart bags is mostly supported by the expansion of leisure activities.Smart Luggage Market Segmentation

Smart Luggage Product Type Outlook

• Duffel Bags


• Strollers


• Travel Backpacks


• Others

Smart Luggage Luggage Connectivity Outlook

• RFID


• GPS


• Bluetooth

Smart Luggage Weight Outlook

• Soft Luggage


• Hard Luggage

Smart Luggage Material Outlook

• Nylon


• Leather


• Canvas


• Plastic


• Others

Smart Luggage Distribution Channel Outlook

• Specialty Stores


• Online Stores


• Brand Stores


• Others

Smart Luggage Regional Outlook

• North America


• US


• Canada


• Europe


• Germany


• France


• UK


• Italy


• Spain


• Rest of Europe


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America