Smart Luggage Market Introduction 

Smart luggage is a type of luggage that is equipped with advanced technologies such as GPS tracking, Bluetooth connectivity, and built-in charging ports. These technologies provide travelers with a range of features and benefits that enhance the travel experience, including easy tracking of luggage, real-time updates on flight information, and the ability to charge electronic devices on the go.Smart luggage typically comes in different sizes and designs, ranging from carry-on bags to larger suitcases. Many smart luggage brands offer customizable options, such as color choices and add-on features like locks and wheels, to meet the needs of different travelers. With the growing popularity of smart devices and the increasing demand for travel convenience, the smart luggage market is expected to experience significant growth in the coming years.

Smart Luggage Market Size

The global smart luggage market size was valued at USD 2.1 billion in 2020, and it is expected to reach USD 7.6 billion by 2028, growing at a CAGR of 16.5% from 2021 to 2028. The increasing demand for travel convenience and the rise in the number of air travelers are the key factors driving the growth of the market. In addition, the development of advanced technologies such as IoT and AI, and the increasing adoption of e-commerce platforms for the sale of smart luggage are also contributing to the market growth. The COVID-19 pandemic had a negative impact on the market, but with the easing of travel restrictions, the market is expected to recover and continue to grow in the coming years.

Smart Luggage Market Share

As of 2020, the smart luggage market was highly fragmented, with several small and large players competing for market share. Some of the key players in the market include Samsonite International S.A., Rimowa GmbH, Away, Inc., Delsey S.A., Bluesmart Inc., Néit Products Ltd., Trunkster Inc., Raden Inc., and Barracuda International Ltd., among others.In terms of market share, Samsonite International S.A. is the leading player in the global smart luggage market, accounting for a significant share of the market. Other major players in the market include Rimowa GmbH, Away, Inc., and Delsey S.A. However, with the market still being in its early stages, there is plenty of room for new players to enter and compete for market share.

Smart Luggage Market Trends

Some of the current trends in the smart luggage market include:

Integration of advanced technologies: Smart luggage manufacturers are constantly exploring ways to integrate advanced technologies into their products, such as GPS tracking, biometric locks, and Bluetooth-enabled devices.

Sustainability: Consumers are becoming more environmentally conscious and are looking for sustainable products. Smart luggage manufacturers are incorporating eco-friendly materials in their products and adopting sustainable manufacturing practices.

Increased Connectivity: With the rise of the Internet of Things (IoT), smart luggage is becoming increasingly connected. Many smart luggage products come with their own apps that can connect with smartphones to provide real-time information about the luggage's location and status.

Lightweight design: Manufacturers are creating smart luggage that is both lightweight and durable, making it easier for travelers to move around with their luggage.

Personalization: Many smart luggage manufacturers are offering personalized luggage options, allowing customers to choose their preferred color, design, and style. Some companies are also offering customization options such as monogramming or engraving.

Anti-Theft Features: Smart luggage manufacturers are integrating anti-theft features in their products such as TSA-approved locks, RFID blocking pockets, and tamper-proof zippers to enhance the security of the luggage.

Smart Luggage Market Driving factors

The growth of the smart luggage market can be attributed to several driving factors, including:

Increasing focus on enhancing travel experience: Travelers are looking for ways to enhance their travel experience by incorporating technology into their luggage, such as smart locks, GPS tracking, and built-in chargers for electronic devices.

Rising air travel: The growing number of air travelers is driving the demand for lightweight and durable luggage that can withstand the rigors of air travel. Smart luggage offers several features that make it an attractive option for frequent air travelers.

Increasing adoption of IoT: The growing adoption of the Internet of Things (IoT) is fueling the demand for smart luggage. Smart luggage can be connected to other devices, such as smartphones and wearables, to provide real-time updates and information.

Growing e-commerce industry: The increasing penetration of the e-commerce industry is expected to drive the growth of the smart luggage market. Online retailers are offering a wide range of smart luggage options to cater to the growing demand.

Technological advancements: The development of new technologies, such as smart fabrics and sensors, is expected to drive innovation in the smart luggage market. These technologies can be used to enhance the functionality of smart luggage and provide a better user experience.Increasing disposable income: The rising disposable income in developing countries is leading to an increase in travel and tourism, which is expected to drive the demand for smart luggage in the coming years.

Smart Luggage Market Regional Analysis

The global smart luggage market can be analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.North America and Europe are the leading markets for smart luggage due to the presence of major market players, high adoption of smart technology, and increasing demand for innovative and advanced luggage products.Asia Pacific is expected to witness significant growth in the market due to the rising disposable income of consumers, increasing urbanization, and growing travel and tourism industry.Latin America and the Middle East and Africa are also expected to contribute to the growth of the market due to the increasing number of international tourists and rising demand for innovative travel products.

Smart Luggage Market Forecasts 2030 

The global smart luggage market is expected to continue to grow significantly by 2030. The market is expected to witness a CAGR of around 22% from 2021 to 2030.The increasing adoption of smart technology, rising demand for innovative and advanced luggage products, and the growing travel and tourism industry are some of the major factors driving the growth of the smart luggage market.Moreover, the COVID-19 pandemic has also increased the demand for contactless and smart luggage products, which is expected to further boost the growth of the market in the coming years.

Smart Luggage Market Key Industry Players

Some of the key industry players in the global smart luggage market include:

Samsonite International S.A.

Delsey SA

Rimowa GmbH

Bluesmart Inc.

Away

Travelpro Products, Inc.

Néit Products Ltd.

Barracuda Holdings Ltd.

Raden Inc.

Samsara Luggage Inc.

These companies are focusing on developing advanced smart luggage products with features such as GPS tracking, digital locks, USB charging, and built-in scales, among others. They are also expanding their market reach through strategic partnerships, collaborations, and mergers and acquisitions.