According to a report published by Grand View
Research, Inc.; the carry
cases market is estimated to reach a valuation of around USD 9.27
billion by 2025. Increasing adoption of consumer electronics such as tablets
and notebooks can drive the market growth over the forecast period (2014 to
2025).
The launch of multiple models of laptops is likely to boost
the market growth, as different size of the products require different cases. In
addition, development of smart cases is anticipated to increase its demand in
the coming years. These cases improve the functionality of cases and provides protection,
and aesthetic appearance to devices as well as information regarding device
status, existing functions, and others to the user. For example, smart cases
made-up of special material can be useful for blocking signals to protect
passport or credit cards from wireless identity theft.
The market is also expected to show significant growth
on account of the development of innovative products with improved functionality
and quality of materials used. Also, several new features including lightweight
design, all-terrain usage, multi-device storage, along with customized
solutions are also likely to increase its adoption rate among consumers. Rising
trend of customization in which customers can get personalized designs or their
names printed on the cases can also expected to spur the demand for these
products. The products are being extensively used for marketing and promotional
activities, which is likely to increase its adoption in education institutes
and corporate offices. For instance, educational institutes offer free laptop
messenger bags to students during admissions. These products are also available
in innovative designs such as invisible zipper and facility for headphone outlet.
However, the availability of counterfeit products is likely to hamper the
market growth.
Browse full research report on Carry Cases Market: www.grandviewresearch.com/industry-analysis/carry-cases-market
The worldwide carry cases market can be segmented on
the basis of product, customer type, and region. Based on application, the
market can be categorized into backpack, messenger bags, briefcase, sleeves,
and others. The sleeves segment is expected to grow at a CAGR of 7.5% during
the forecast period. By customer, the market can be classified into commercial
and consumer. The commercial segment is likely to grow at a CAGR of 9.3% during
the forecast period. Commercial businesses deal with a large volume of goods and
can generate a significant top line growth for market players.
Geographically, the market can be divided into North
America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA).
Asia Pacific is expected to be the fastest growing market and can exhibit a
CAGR of 8.1% during the forecast period due to growth of electronic
corporations. High adoption of consumer electronic products for personal and
business has augment the market growth. Increasing disposable income and
purchasing power has increase the sale of smart phones and laptops in the
region. Increasing outsourced manufacturing activities in countries such as
China and India are expected to support the market growth due to availability
of labors at comparatively low price.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Additionally, developing countries in the region are
expected to show lucrative growth due to increasing adoption of bring your own
devices (BYOD) culture across the companies. The implementation of BYOD helps
to improve work flexibility of an employee in terms of work hours and accessibility
of device from anywhere. In addition, it helps in increasing productivity and cuts
operation costs for the company. This has increased the adoption of wireless connected
devices like tablets and laptops. Products such as sleeves and messenger bags
are in high demand to protect these devices.
Some of the leading players operating in the market
include AsusTeK Computer Inc.; Fabrique Ltd.; Incase Designs Corp.; Lenovo
Group Ltd.; and Thule Group. The market is extremely competitive due to
presence of large number of local manufacturers and authorized retailers. Quality
and pricing are the main competitive parameters in the market. The presence of
pirated products makes it difficult for existing companies to gain profits in
the market.
Startups or new companies can easily enter in market due
to less barriers to entry with regards to rules and policies. The companies are
largely focusing on innovation and development of high quality products and to improve
their functionality to enable better protection.
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.
For more information: www.grandviewresearch.com
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