Laptop Carry Case Market to grow at a CAGR of 3.5% during 2024-2028
The Laptop Carry Case Market is expected to grow at a CAGR of 3.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 785.1 million. The laptop carry case market is experiencing notable growth due to the increasing demand for business and travel bags. Airports serve as significant sales channels for these products, as travelers frequently purchase discretionary, premium items, such as laptop carry cases, at duty-free stores. The popularity of airport retailing is driven by factors including airport renovations, offering easy access to global brands, and providing competitive pricing compared to local retailers. Additionally, factors like two-hour prior check-ins, delayed flights, and last-minute shopping contribute to the expanding market.
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Technavio analysts predict that the Offline subsegment will lead the Distribution Channel segment during 2024 and 2028 In the Laptop Carry Case market, offline distribution channels generate revenue primarily through sales in specialty stores, such as exclusive brand outlets, multi-brand retailers, personal goods shops, and IT peripheral vendors. Additionally, sales are made via hypermarkets, supermarkets, and clubhouse stores, as well as department stores. However, the offline distribution sector has experienced a consistent decline in revenue due to the increasing consumer trend towards online shopping. To revitalize sales through traditional channels, manufacturers are implementing strategic store expansions in local and regional markets. The laptop carry case industry suppliers distribute their products through a range of retail formats, including specialty stores, hypermarkets, supermarkets, convenience stores, and department stores.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish increased demand for lightweight bags
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The laptop carry case market has experienced significant growth in recent years, driven by the increasing popularity of outdoor leisure activities and the need to stay connected on the go. Consumers are no longer limited to desk computers and are embracing lightweight laptop devices and tablets for their tech-savviness and fashion consciousness. Bag manufacturers and technology giants have responded with a range of stylish and functional laptop carry cases, from sleeves to backpacks. These cases offer smartphone functions such as touch-sensitive features and USB charging ports, making them essential accessories for modern lifestyles. First movers in the market have incorporated RFID barring and power banks with USB interfaces to provide a positive impact on consumers' daily lives. With rising acceptance of laptop carry cases, the market is also addressing environmental concerns and sustainability, offering eco-friendly materials and recycled components. The electronics accessories industry continues to innovate, integrating laptop technology into carry cases, such as USB interfaces and power banks, to meet the demands of consumers. The future of laptop carry cases is bright, with a focus on advanced functionality and sustainable materials.
The global market for laptop carry cases falls under the broader category of the textiles, apparel, and luxury goods sector, encompassing businesses involved in the production and distribution of textiles, apparel, accessories, and luxury goods. This market segment excludes footwear manufacturers. According to Technavio, the size of the global textiles, apparel, and luxury goods market is determined by the consolidated revenues generated by textiles, apparel, accessories, footwear, and luxury goods manufacturers and marketers. Key growth drivers for this market include the expanding population of working women worldwide, leading to increased disposable income and heightened consumer spending on apparel, accessories, and luxury goods.
The Laptop Carry Case Market is experiencing significant growth, fueled by the increased demand for lightweight bags. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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