The professional gear bags market is expected to surpass a valuation of US$ ~ 18,110.8 Mn in 2022 and at a CAGR of approximately 4.8% through 2028. With the advancement of technology, manufacturer of professional gear bags market modified their offering and launched smart gear bags in the market. Players in the market are taking feedback from the customers and analyzing the need of time and introducing smart bags which have features like GPS tracking, mobile app connection, etc. that makes the experience of user reliable, controllable and easier. The most technologically advanced age group of people are thought to be the youngest ones. These people have witnessed several technological advancements and innovations. This generation is captivated by new products. Millennial are the people most interested in having smart gear bags with them. Smart gear bags have ports for charger, USB and cables, which make them perfect travel accessories when going on a business trip, office, travel, holiday, industrial visit, etc.
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Key Takeaways from the Professional Gear Bags Market Study
- Players in the market are focusing on adopting various marketing strategies such as celebrity endorsement, marketing campaigns, expanding digital presence to connect directly to customers. These factors are likely to accelerate the growth of the global professional gear bags market in the near future.
- In terms of product type, the business traveller carry-on bags segment is estimated to account for the relatively highest value share in the professional gear bags market. The segment is expected to remain dominant during the forecast period.
- Europe showcases lucrative opportunities for the professional gear bags industry. Many famous costmaries practices like tea parties and dance gala are originated from Europe and people travel all around the world to be part of these classy events.
Impact of COVID-19 on the Market
Manufacturers encountered various obstacles as a consequence of the pandemic outbreak. The outbreak of novel coronavirus resulted in numerous operational challenges for players. Besides the supply sides, the impact of covid-19 was also felt on the demand front. Retailers wanted to digitalize their processes and adopt a customer-centric approach, which could help in recovering their financial position. Decline in participation in outdoor recreation activity was one of the primary demand side factor that impacted the sales growth.
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Who is winning?
Major players present in the professional gear bags market are Garmin Ltd., Jeppesen Sanderson, Inc., Aviation Supplies & Academics, Inc., Samsonite IP Holdings S.ar.l, VF Corporation, LVMH group, VIP Industries Ltd., ACE Co., Ltd., The Vitec Group PLC, The Tiffen Company, LLC, Go Professional Cases Inc., 5.11 Tactical, Blackhawk!, Fechheimer Brothers Company, Beretta Corp., Oakley Inc., Drago Gear, North American Rescue LLC., Conterra Inc. and Rothco Inc. among others.
Key Global Professional Gear Bags Market by Category Covered
By Product Type:
- Recreational Shooter Gear Bags
- Business Traveller Carry-on Bags
- Police Patrol Gear Bags
- Aviation Pilot Bags
- Emergency Gear Bags
- Emergency Responder Bags
- Camera Bags
- Drone & Quads Bags
- Others
By Price Range:
- Premium (Above US$ 150)
- Medium (US$ 50-US$ 150)
- Low (Below US$ 50)
By Casing Type:
- Hard Side
- Soft Side
By Material Type:
- Nylon
- Plastic
- Polyester
- Leather
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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