Smart luggage are the bags with different tech features like Bluetooth, GPS, Wi-Fi, and built-in battery. It has a sleek design and durable material that make this suitcase appealing and stylish. Smart luggage is light in weight. Smart luggage should have a removable battery according to the rules and regulations from airlines. Increase in the penetration of the internet and changes in needs and demand is innovating new things and user-friendly. Smart luggage is increasing the comfort level with an upgraded version of traditional luggage.

Market scope and structure analysis:

COVID-19 Scenario Analysis: 

• The demand for smart luggage is drastically affected by the COVID-19 crises.

• Due to lockdown, people are now staying in their homes and all the tourist places are closed. This affects the sale of smart luggage.

• Travel is also restricted due to COVID-19 which impacts the financial position in the travel market.

• Due to lockdown, the retail stores are closed which has hit the business sales by 60%.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The factors that drive the growth of the global smart luggage market are high tech features, penetration of internet, comfort level, increase in income, awareness about the products, urbanization, and inclination toward a luxurious lifestyle. However, the price of smart luggage hinders the growth of the global market as it is a premium-priced product. Contrarily, a decrease in the price of smart luggage and the adoption of new technology can be an opportunity for the growth of the market. 

The global smart luggage market trends are as follows:

The aviation authorities have restricted the usage of lithium batteries in smart bags. So, the companies are changing and building removable batteries for smart luggage. With new technology, manufacturers are producing a new product that gives a high degree of comfort and comes under aviation administration guideline 

For Instance, the Incase ProConnected 4-wheel Hubless Roller is a smart luggage that gives 20,100mAh battery power, USB-C, and made up polycarbonate and strong Polyester, and its battery is removable.

Key Segments Covered:

Key Benefits of the Report:

• This study presents the analytical depiction of the global smart luggage industry along with the current trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global smart luggage market share.

• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global smart luggage market growth scenario.

• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

• The report provides a detailed global smart luggage market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Smart Luggage Market Research Report:

• What are the leading market players active in the smart luggage market?

• What the current trends will influence the market in the next few years?

• What are the driving factors, restraints, and opportunities in the market?

• What future projections would help in taking further strategic steps?