Laptop Carry Case Market is Expected to Generate Huge Profits by 2025 | Grand View Resarch Inc.
Posted: Sep 08, 2019
The global laptop carry case market size is expected to reach USD 2.35 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 3.4% during the forecast period. The growth is attributed to increasing demand for easy carriage of laptop and light weight bags. The features such as multi-storage devices, GPS tracking, anti-theft protection, built-in power supply, and device status notification control among others anticipated to boost the product sales.
Rising adoption of laptop as a mainstream device, aesthetic appeal of the carry cases, and rising fashion consciousness among consumers are a few prominent growth drivers. Smart laptop carry cases are projected to witness significant rise in demand as they provide functionality of a carry case with features of smart technology. Demand for easy to carry and light weight laptop cases in growing due to rising fares on luggage and strict weight limitations for carry ons for the airline industry. Hence, many manufacturers are introducing products with light fabrics made using high-end production technology.
Growing business and working class population coupled with increasing use of laptops among students is anticipated to boost the product demand. Also, growing trend of Bring Your Own Device (BYOD) as many companies look forward to increasing the flexibility of employees working hours, providing access to work, increasing productivity, and reducing cost of operation, is supporting the market growth.
Backpack segment holds the largest market share owing to high product adoption among students and business class. Enough storage space support, and even load balancing on shoulders are some other advantages driving the product demand. Backpack is also estimated to be the fastest growing segment owing to increasing usage of technology and additional features such as inbuilt charging, USB ports, GPS tracking, lock system, and solar panel mount among others. Messenger bags are also expected to witness significant growth over the forecasted period due to the aesthetic appeal of the product among corporate and business class as it is associated with briefcases, which are used in professional settings.
Brick and mortar accounts for the largest market share owing to increase in offline stores such as hypermarkets, supermarkets, omni channels, house and office goods, and specialty stores. Also, increasing outlets of international players in various domestic and international airports is supporting the growth. Whereas, online sales channel is expected to register a rapid CAGR over the forecast period due to growing penetration of e-commerce industry, discounters, free shipping, product availability, ease of product comparison in terms of features and price.
North America is estimated to witness significant growth over the forecasted period owing to presence of large business class, travelers, and high use of electronic devices such as laptops. Growing EdTec industry is also anticipated to support the demand for laptop carry case over the forecast period.
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Further key findings from the report suggest:
Backpack held the largest market share of more than 50% in 2018 and is anticipated to register the fastest CAGR of 3.8% over the forecasted period
Asia Pacific accounts for the largest market share and is estimated to be the fastest growing region due to growing expenditure on electronic devices
Some of the key players operating in the global laptop carry case market include Samsonite International; ACCO Brand; SwissGear; Targus Inc.; AsusTeK Computer Inc.; Fabrique Ltd.; and Thule Group AB
Grand View Research has segmented the global laptop carry case market on the basis of product, distribution channel, and region:
Laptop Carry Case Product Outlook (Revenue, USD Million, 2015 - 2025)
Laptop Carry Case Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting