According to the report by Expert Market Research (EMR), the global smart luggage market is projected to grow at a CAGR of 21.2% between 2024 and 2032. Aided by the increasing demand for advanced travel solutions and the growing applications of smart technology in luggage, the market is projected to significantly grow by 2032.
Smart luggage refers to technologically enhanced baggage that includes features such as GPS tracking, remote locking, USB charging ports, built-in scales, and Bluetooth connectivity. These features provide convenience, security, and efficiency to travellers, addressing common travel challenges and enhancing the overall travel experience.
The increasing consumer preference for technologically advanced travel solutions is driving the global smart luggage market growth. With growing awareness of the benefits of smart technology, there has been a significant rise in the demand for smart luggage products. The convenience offered by features such as GPS tracking, which helps locate lost luggage, and USB charging ports for on-the-go device charging, has led to a surge in the popularity of smart luggage among frequent travellers.
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The expanding applications of smart luggage in various sectors also play a significant role in propelling the market. In the business travel sector, smart luggage is used by professionals who require secure and efficient travel solutions. The hospitality industry utilises smart luggage to enhance the guest experience by providing features that cater to the needs of modern travellers. Additionally, the e-commerce sector benefits from the use of smart luggage in logistics and delivery, improving the efficiency of operations, consequently driving up the smart luggage market share.
Furthermore, the growing focus on sustainability and eco-friendly products has led to an increased demand for smart luggage made from recycled and sustainable materials. With rising environmental consciousness, consumers are increasingly opting for luggage products that are durable, energy-efficient, and environmentally friendly. This trend is driving the growth of the sustainable smart luggage segment and encouraging manufacturers to adopt green practices.
North America holds a significant share of the global smart luggage market, driven by the high adoption rate of advanced technologies in the region. The United States, in particular, is a key market, with a strong focus on innovation and a large base of tech-savvy consumers. The presence of major smart luggage manufacturers and the widespread use of smart travel products continue to drive the market in North America.
As per the smart luggage market analysis, Europe is another prominent market for smart luggage, with countries such as Germany, the United Kingdom, and France leading the way. The increasing awareness about smart travel solutions and the rising disposable incomes are contributing to the demand for smart luggage products in the region. The growing trend of sustainability and the demand for eco-friendly smart luggage products are also supporting market growth.
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The Asia Pacific region is expected to witness substantial growth in the market during the forecast period. The rapid urbanisation, rising disposable incomes, and changing consumer preferences in countries such as China, India, and Japan are driving the demand for smart luggage products. Additionally, the increasing awareness about the benefits of smart technology in travel is further supporting the market growth in the region.
Latin America and the Middle East and Africa regions are also poised for significant growth in the smart luggage market, supported by the increasing investments in the travel and tourism sector and the growth of the e-commerce sector.
Market Segmentation
The market can be divided based on the technology, luggage connectivity, application, distribution channels, and region
Market Breakup by Technology
- USB Port
- Connectivity
- Sim Card
- Others
Market Breakup by Luggage Connectivity
- RFID
- GPS
- Bluetooth
- Wi-Fi
Market Breakup by Application
- Remote Locking
- Digital Scaling
- Real-time Tracking
- Others
Market Breakup by Distribution Channel
- Specialty Stores
- Brand Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global smart luggage market. Some of the major players explored in the report by Expert Market Research are as follows:
- Samsonite International S.A
- Horizn Studios
- Delsey Paris
- Modobag
- Kabuto
- JRSK, Inc. (Away)
- Trunkster
- Bluesmart Inc.
- Plevo, LLC.
- Others
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