According to Future Market Insights (FMI), the professional gear bags market is estimated to reach a size of US$ 18,110.8 Mn in 2022 and grow at a CAGR of around 4.8 percent through 2028. As technology progressed, manufacturers of professional gear bags updated their offerings and introduced smart gear bags to the market.
Customers’ feedback is being analysed, and smart bags with capabilities such as GPS monitoring, mobile app connection, and other functions are being introduced to make the user’s experience more reliable, controllable, and easy. The youngest generations are regarded to be the most technologically advanced. These individuals have witnessed numerous scientific breakthroughs and developments.
New items have grabbed this generation. The folks that are most interested in having smart gear bags with them are the millennials. Smart gear bags contain charging ports, USB ports, and cable ports, making them ideal travel accessories for business trips, office trips, travel, vacations, industrial visits, and so on.
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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
As a result of the pandemic outbreak, manufacturers faced numerous challenges. Players faced several operational issues as a result of the advent of a novel coronavirus. The impact of covid-19 was felt not only on the supply side, but also on the demand side. Retailers intended to digitalize their procedures and take a more customer-centric approach in order to improve their financial situation. One of the key demand side factors that influenced sales growth was the decline in involvement in outdoor recreation activities.
Who is winning?
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,
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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 Sales Channel:
- Distributors/Wholesalers
- Hypermarket/Supermarket
- Specialty Store
- Convenience Store
- Online Retailer
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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