Smart luggage are gaining traction in the global luggage market due to the growing advancement in technology

 

In today's world, luggage has become an indispensable part of everyday life. Whether you travel for business or pleasure, the need for travel luggage is very high. While many people can handle the normal size carry-on bags that come with their airline tickets, many others are limited by the size of their bags when traveling. Luckily, there are plenty of great options when it comes to luggage.

Increasing disposable income coupled with the advancement in luggage is primarily fueling the market growth of luggage. Increasing demand for small lightweight, colorful, and stylish bags is again contributing to market growth. Moreover, a rise in the number of air travelers is also projected to foster market growth. According to the World Air Transport Statistics, worldwide air passenger numbers continued to rise, reaching 4.4 billion journeys in 2018. Changing lifestyles and growing travel and tourism around the globe is again propelling market growth. Furthermore, shifting consumers' preferences towards high-end and premium luggage is further projected to bolster the market growth over the forecast period.

North America is expected to exhibit significant growth over the forecast period and this is attributed to the high number of air travelers in the region. According to the World Air Transport Statistics, the US market continues to be the world’s largest single market, with almost 590 million passenger journeys undertaken in 2018. Also, robust growth in the travel and tourism in the region is again projected to foster the regional market growth of the luggage over the forecast period.

Key Developments:

1.      In November 2019, Away launched new products and colors Just in Time for the Holidays.

2.      In August 2019, Samsonite partners with Panasonic to launch smart luggage. As part of the partnership, Samsonite’s new product EVOA Tech will have Panasonic’s Seekit Bluetooth Tracker that will enable customers to tag and track their luggage for a seamless experience.

3.      In September 2020, Huawei launches Smart Business Suitcase in China. The new Smart Business Suitcase from Huawei has been developed in partnership with Samsonite. It comes in three different sizes — 20-inch, 25-inch, and 28-inch, costing 1,999 yuan (~$292), 2,299 yuan (~$337), and 2,599 yuan (~$380) respectively.

4.      In November 2019, Xiaomi announced the launch of the Xiaomi Mi Suitcase Transparent Edition.

5.      In September 2020, Porsche Design and Bric’s together launched the first bags and luggage collection stemming.

6.      In August 2020, Blue Ribbon Bags (BRB), engaged in the travel market and delayed luggage retrieval services, has inked a new partnership with MakeMyTrip Ltd.