The global laptop backpack market size
is expected to reach USD 1.3 billion by 2025, according to a new report by
Grand View Research, Inc., expanding at a CAGR of 3.8% over the forecast
period. Rising consumer needs for technical gadgets in the workplace as well as
educational institutes have created demand for backpack to provide protection
from scratches, water damage, moisture, and heat. Manufacturers are increasing
spending on new product developments to fulfill consumer growing demand. For
instance, in July 2016, Samsonite IP Holdings S.AR.L launched protective laptop
backpacks for professionals and school students.
The student application segment is expected
to witness the fastest growth in the forecast period. Smart laptop backpacks in
new color designs is gaining popularity among students as a result of new
product launches by manufacturing companies in e-commerce portals. For
instance, in August 2018, India based company, Portronics.com launched smart
laptop backpack under their existing Elements series. Furthermore, increased
use of laptops among students in developed economies including U.K. and Germany
is expected to have a positive impact on the Laptop Backpack market growth.
Online distribution channel is expected to
be the fastest growing channel, expanding at a CAGR of 4.7% from 2019 to 2025.
These channels have gained popularity as they offer products on high discounts,
which attract consumers to prefer this channel. Growing penetration of
smartphones in developing countries including China, India, Mexico, Brazil and
South Korea is expected to promote the access of online retailers in the near
future.
Asia Pacific held the largest share in 2018
and is expected to register the fastest CAGR of 4.5% from 2019 to 2025.
Expansion of the middle class population in developing countries such as China
and India, coupled with requirement of technical gadgets at schools, colleges,
and workplaces, is expected to remain a key factor driving the market.
Furthermore, positive outlook towards the laptop and tablets industry in
countries including China, India, and Australia as a result of increasing
number of corporate companies and educational institutes is expected to open
new avenues over the next few years.
Key laptop bag manufacturers include Nike,
Inc.; Kensington Computer Products Group; Samsonite International S.A.;
WINPARD; The Targus Corporation; Adidas AG; Belkin International, Inc.; Li-Ning
Co., Ltd.; Samsonite International S.A.; and Tumi Holdings, Inc. Companies are
working on developing new products, which will provide better convenience to
the consumers.
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or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/laptop-backpack-market
https://www.grandviewresearch.com/industry-analysis/laptop-backpack-market
Further key findings from the report suggest:
· The business application segment generated
a revenue of USD 531.2 million in 2018 owing to predominant use of laptops
among working class professionals
· Online channel is projected to ascend at a
CAGR of 4.7% from 2019 to 2025
· Asia Pacific is expected to expand at the
fastest CAGR of 4.5% from 2019 to 2025
· U.S. is projected to generate a revenue of
exceeding USD 240 million by the end of 2025
· New product development is expected to
remain a key strategy among the industry participants.
Grand View Research has segmented the
global laptop backpack market on the basis of application, distribution channel
and region:
Laptop Backpack Application Outlook
(Revenue, USD Million, 2015 - 2025)
·
Business
·
Students
·
Others
Laptop Backpack Distribution Channel
Outlook (Revenue, USD Million, 2015 - 2025)
·
Hypermarkets & Supermarkets
·
Convenience Stores
·
Online
Laptop Backpack Regional Outlook (Revenue,
USD Million, 2015 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
o
Saudi Arabia
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.
