Laptop Bags and Cases Market Report Overview
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The global laptop bags and cases market size is expected to be USD 2.8225 billion in 2022. As per our research, the market is expected to reach USD 3.850 billion in 2031, exhibiting a CAGR of 3.5% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with laptop bags and cases experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Portable laptop bags and cases is useful for keeping laptops free of dust. It also has various equipment storage compartments for the speakers, mouse, and other items. It is strong and fashionable, and it is available in a wide range of materials. Additionally, it has padding that serves as a cushion to safeguard the laptop from potential impacts.
There are several different shapes, sizes, and hues of laptop bags. It is fashionable and managed to make of moisture-free material to keep the laptop dry. Some companies offer laptop backpacks with the laptop as an optional extra. In addition to providing a person with a professional appearance, a laptop bag can improve perceptions among business managers.
COVID-19 Impact: Interruption in Supply Chains to Deplete Market Growth
The eruption of COVID-19 has done act as a substantial restraint on some market in 2020, as businesses have been disrupted due to global government lockdowns. COVID-19 is a contagious disease that causes flu-like symptoms such as fever, coughing, and difficulty breathing. National governments' efforts to limit transfer have led to a decrease in laptop bags and cases market. Businesses suffered as a result of the outbreak in 2020 and 2021. Many markets were been affected from this because the main focus was on the respiratory issues. The Covid-19 pandemic's economic effects are being felt globally and have decreased people's disposable incomes. Given that purchases of electronic goods are generally believed to be inversely correlated with people's disposable incomes, this could have an impact on laptop bags and cases market growth and have a corresponding influence on the market for laptop bags. The market growth is expected to rebound from the shock over the forecast period.
Latest Trends
"Ancillary Convenience Features to Intensify Market Magnification "
Market growth is anticipated to be positively impacted by the growing acceptance of laptop bags or cases as a way to avoid tablets and laptops from being damaged while traveling. Customers are also anticipated to use stylish and functional laptop cases with ancillary convenience features, such as holders for bottles and charging points, as their awareness of fashion and technology increases.
Laptop Bags and Cases Market Segmentation
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- By Type Analysis
According to type, the market can be segmented shoulder/sling PC laptop bag, backpack laptop bag, others, laptop bags and cases
Shoulder/sling PC laptop bag is the leading part of the type segment.
- By Application Analysis
According to application, the market can be segmented into business person, student groups, others
Business person are the leading part of the application segment
Driving Factors
"Expansion in IT Industry to Boost Market Share"
Another argument in favor of a robust laptop bags and cases market is that individuals may want to save money on laptops and, as a result, take more precautions to protect them from damage. As a result, they may choose to use premium laptop bags for this endeavor.
The significant global expansion of the information technology industry is one of the key factors promoting a positive outlook for the market. As a result of growing digital convergence, high-performance laptops are becoming even more essential throughout a wide range of industries, which include education, automotive, manufacturing, and medicine. Businesses are adopting bring-your-own-device (BYOD) trends more frequently to streamline operations, which is boosting the laptop bags and cases market share.
"Intensifying of Technology to Expand Market Forwarding "
Laptop cases are becoming more and more popular among users as technology becomes more and more pervasive. Personal laptops have replaced standard desktop computers, which is another factor driving the market. As a result, multi-person households frequently have multiple laptops. The market has been further fueled by rising business and leisure travel.
Restraining Factors
"Shifting of Preference Towards Remote Working to Deplete Market Advancement "
The widespread availability of inexpensive bags is predicted to reduce consumer demand for expensive laptop bags and cases. Due to COVID-19-related restrictions, corporate professionals are shifting their preferences towards remote working or working from home. This has reduced the demand for laptop backpacks that are portable among these professionals, which cause a hinderance in laptop bags and cases market expansion.
Laptop Bags and Cases Market Regional Insights
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"Appealing Marketing Tactics to Foster Market Growth in Asia Pacific and North America "
With a largest revenue share, Asia Pacific is expected to grow at the fastest rate (CAGR) during the forecasted timeframe. Rising disposable earnings and increased spending on technological devices are two factors contributing to the rise in requirement for laptop bags. The demand for laptop cases in the area is being driven by the rise in personal and business computer use. Additionally, the accessibility of cheap raw materials and labor is helping regional market players expand their export and product-production activities. Laptop backpacks are swiftly evolving into a necessary accessory thanks to their ergonomic designs, fashionable colors, materials, and shapes.
The significant laptop adoption among young people in developing countries inside the Asia Pacific, like China and India, is directly increasing the demand for laptop bags. Over the course of the forecast period, the North American industry is anticipated to grow at a CAGR of 6.6%. The market's expansion is attributed to the significant presence of leading producers in brick-and-mortar stores all over the United States. In addition, the U.S.'s dense population of working professionals is likely to sustain a high level of demand for laptops, supporting the market's expansion.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
List of Market Players Profiled
- Samsonite (Hong Kong)
- Targus (U.S.)
- Kensington (U.S.)
- Belkin International (U.S.)
- Sanwa (Japan)
- Xiangxing Group (China)
- Elecom (U.S.)
- Wenger (Swissgear) (Switzerland)
- DICOTA (Switzerland)
- Crumpler (Australia)
- United States Luggage (New York)
- Sumdex (U.S.)
- Golla (Finland)
- OGIO (U.S.)
- Brenthaven (U.S.)
- Chrome Industries (U.S.)
- FILSON (U.S.)
- Belkin International (U.S.)
- Kensington Computer Products Group (U.S.)
- Samsonite (Hong Kong)
- Sanwa Supply (China)
- Targus (U.S.)
- Brenthaven (U.S.)
- Golla (Finland)
- United States Luggage Company (U.S.)
Report Coverage
The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 2.8225 Billion in 2022 |
Market Size Value By |
US$ 3.85 Billion by 2031 |
Growth Rate |
CAGR of 3.5% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global laptop bags and cases market expected to touch by 2031?
The global laptop bags and cases market is expected to touch USD 3.850 billion in 2031.
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What CAGR is laptop bags and cases market expected to exhibit during 2022-2031?
The laptop bags and cases market are expected to exhibit a CAGR of 3.5% over 2022-2031.
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Which are the driving factors of the laptop bags and cases market?
Expansion in IT industry and intensifying of technology to drive the laptop bags and cases market.
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Which are the top companies operating in the laptop bags and cases market?
Samsonite, Targus, Kensington, Belkin International, Sanwa are the top companies operating in the laptop bags and cases market.