Laptop Carry Case Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the laptop carry case market and it is expected to grow by $ 270.86 mn, accelerating at a CAGR of almost 1% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Laptop Carry Case Market: Key Trends to impact market growth
Increased product and brand promotions, and marketing campaigns are key market trends. Vendors are investing heavily in marketing and promotions such as consumer engagement, reinforcement of brand relevance, increasing brand awareness, and guiding consumers to stores or shopping websites. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Laptop Carry Case Market: Top Drivers to Boost Demand
Increased demand for lightweight bags is one of the primary factors driving the growth of the laptop carry case market. Vendors operating in the market are introducing lightweight laptop bags by using high-end technology and hard-sided materials. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: ACCO Brands Corp., Elecom Co. Ltd and Foxconn Interconnect Technology Ltd. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ACCO Brands Corp., Elecom Co. Ltd, Foxconn Interconnect Technology Ltd., Lenovo Group Ltd., Samsonite International SA, Sanwa Supply Inc., Targus Inc., Thule Group AB, United States Luggage Co. LLC, and Wenger SA are some of the major market participants.
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Laptop Carry Case Market: Key Highlights of the Report for 2021-2025
Technavio has been monitoring the global laptop carry case market and it is expected to grow by $ 270.86 million, accelerating at a CAGR of over 1% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Laptop Carry Case Market: Segmentation by Distribution Channel
The offline distribution channel was the leading market segment in recent years as revenue would come from the sales of products through specialty stores (including exclusive brand stores, multi-brand stores, personal goods stores, and IT peripheral stores); hypermarkets, supermarkets, and clubhouse stores; and department stores. However, COVID-19 has brought forth a slowdown in the offline segment growth owing to the lockdowns imposed by governments of various countries. This report provides an accurate prediction of the contribution of all the segments to the growth of the laptop carry case market size.
The increased demand for lightweight bags is a significant driver for the laptop carry case market growth. Vendors are investing heavily in marketing and promotions such as consumer engagement, reinforcement of brand relevance, increasing brand awareness, and guiding consumers to stores or shopping websites. Social media platforms such as Facebook, Twitter, Pinterest, and Google+ are also used for promotional activities.
Laptop Carry Case Market: Segmentation by Geography
APAC was the largest Laptop Carry Case Market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. 67% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for laptop carry cases in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The trend of purchasing luggage products as lifestyle products instead of utility products will facilitate the laptop carry case market growth in APAC over the forecast period.
Laptop Carry Case Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ACCO Brands Corp., Elecom Co. Ltd and Foxconn Interconnect Technology Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
