The professional gear bags market size is estimated to reach a size of US$ 18.11 Bn in 2022 and grow at a CAGR of around 4.8 percent through 2028.
The professional gear bags market size is estimated to reach a size of US$ 18.11 Bn 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
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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
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Mar 08, 2023