Professional gear bags are enhanced utility products that have individual compartments and slots for each and every product they are made to include. They are stylish, modern and help the consumer for their comfort and also help in keeping the contents of the pack safe from outside environmental factors. They have a number of superior characteristics as compared to their alternatives which is one of the major factor for their growth of the market value.
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Professional Gear Bags market is expected to rise from its initial estimated value of USD 15.14 billion in 2018 to an estimated value of USD 21.95 billion by 2026, registering a CAGR of 4.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising advancements in the market and constant product launches.
Industry Developments:-
- In August 2018, Baboon Mega Corp Inc. announced the launch of duffel bags with enhanced characteristics for the adventurer. These bags are capable of being used in any situation due to their characteristics of being sand proof, waterproof and various other high performance traits.
- In September 2015, ONA Designs International LLC announced the launch of three of its bag models for the photography enthusiasts to be used for safekeeping their cameras while travelling. The stylish, yet durable bags come in three sizes depending upon the design.
Competitive Analysis: Global Professional Gear Bags Market
Global professional gear bags market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of professional gear bags market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Top Key Market Competitors Covers In The Report
Garmin Ltd., Jeppesen, Aviation Supplies & Academics Inc., Samsonite South Asia Pvt. Ltd., VF Corporation, LVMH, VIP Industries Ltd., ACE Co. Ltd., The Vitec Group plc, The Tiffen Company LLC, Go Professional Cases Inc, 5.11 Inc., Baboon Mega Corp Inc., ONA Designs International LLC, BLACKHAWK!, Fechheimer, First Tactical, Oakley Inc., Drago Gear, North American Rescue LLC., Conterra Inc, and Rothco.
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Table Of Content:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Professional Gear Bags Market Landscape
Part 04: Global Professional Gear Bags Market Sizing
Part 05: Global Professional Gear Bags Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Market Drivers:
- Growth in the outdoorsy attitude of the global population, and rise in travel industry is expected to act as a driver for the market growth
- Frequent product launches caused due to the technological advancements and modernisation in product offerings is also expected to drive the market growth
Market Restraints:
- However high cost of these products, as compared to their alternatives with similar features is expected to act as a restraint to the market growth
- Availability of counterfeit products in the market is also expected to act as a restraint to the market growth
Global Professional Gear Bags Market Segmented On The Bases Of :-
By Bag Type:-
- Recreational Shooter Gear Bags,
- Business Traveller Carry-On Bags,
- Law Enforcement,
- Camera Bags,
- Drone & Quad Bags,
- Aviation Pilot Flight Bags,
- Emergency Gear Bags,
- Others,
By Price Range :-
- Premium,
- Mid,
- Low,
By Geography :-
- North America,
- South America,
- Europe,
- Asia-Pacific,
- Middle East
- Africa
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