Laptop Sleeves Market Size, Industry Analysis ReportBy Product (Backpack, Messenger Bags, Sleeves, Briefcase, Rollers), By Distribution Channel (Online, Offline) & Region – Forecasts By 2030
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 251
- CATEGORY
- Retails & Consumer
Laptop Sleeves Market is valued at USD 1.67 billion in 2022 and is projected to reach a value of USD 2.79 billion in 2030 expanding at a CAGR of 6.6% over the forecast period of 2022-2030.
The rising acceptance of carry cases as a medium to prevent damage laptops to and tablets while traveling is projected to have a positive impact on the market growth.
Additionally, increasing fashion consciousness and tech-savviness among consumers is expected to prompt the usage of stylish and functional laptop carry cases with associated convenience features, such as bottle holders and charging ports.
Laptop carry cases are mainly either backpacks, messenger bags, briefcases, or rollers and the consumers choose from these product types according to their specific requirements and preferences.
People generally use bags to carry laptop in order to prevent laptop from getting damaged or protecting the screen from cracking while travelling. These bags are predominantly made from nylon, polyester, leather, and others.
The laptop sleeves are available in different shapes and compartment sizes in the market. Business professionals use the laptop sleeves in order to provide an effective anti-theft system.
Laptop Sleeves Market- Key Market Trends
• The rising acceptance of carry cases as a medium to prevent damage laptops
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the rising acceptance of carry cases as a medium to prevent damage laptops. Also, the personal computer (PC) shipments have been up owing to the increased demand since the start of the ongoing coronavirus pandemic.
• Rising fashion consciousness and tech-savviness among consumers
Another factor that has fuelled the market growth over the forecast period is the rising fashion consciousness and tech-savviness among customers. Also, women have been opting for backpacks over handbags or basic laptop sleeves owing to the convenience and style they offer.
There is a growing demand for hands-free bags among younger consumers who are conscious of carrying too much weight on one shoulder and prefer to evenly distribute the weight of the bag on both shoulders. This has led to a surge in demand for laptop backpacks among women.
Laptop Sleeves Market- Segmental Analysis
Based on Product
• Backpack
• Messenger Bags
• Sleeves
• Briefcase
• Rollers
The backpacks segment has dominated the market growth over the forecast period. this is because backpacks have become a crucial element in an individual’s daily routine, and it is mostly because they can carry many items such as a laptop, tablets, phones, water bottles, and other items that one would need at the office, or café, or park. Backpacks have a functional design that makes them popular with students and corporate employees.
Based on Distribution Channel
• Online
• Offline
The offline segment has dominated the market growth over the forecast period. The global retail landscape looks quite different today than it did almost a decade ago because the consumers’ way of making purchase decisions has altered dynamically. Well-established laptop carry case companies find supermarkets and hypermarkets a feasible option to market their brands and attract consumers that are willing to pay higher prices for their products.
Laptop Sleeves Market- Geographical Analysis
The Global Laptop Sleeves Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, Asia Pacific region has dominated the market growth over the forecast period. Several variables are responsible for the increase in demand for laptop carry cases, including rising disposable income and increased expenditure on technological gadgets.
Laptop Sleeves Market- Competitive Landscape
Some of the prominent companies operating in the market are Samsonite International S.A.; Targus; ACCO Brands; SWISSGEAR; ASUSTeK Computer Inc.; Fabrique LTD.; Thule Group; Sanwa Supply Inc.; Lenovo; Belkin International, Inc.
Major Segments Covered
• Product (Backpack, Messenger Bags, Sleeves, Briefcase, Rollers)
• Distribution Channel (Online, Offline)
Key Countries and Regions Covered
• North America (United States, Canada)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The Global Laptop Sleeves Market is valued at USD 1.67 billion in 2022 and is projected to reach a value of USD 2.79 billion in 2030 expanding at a CAGR of 6.6% over the forecast period of 2022-2030.
What are the drivers shaping various markets?
Rising fashion consciousness and tech-savviness among consumers: - Another factor that has fuelled the market growth over the forecast period is the rising fashion consciousness and tech-savviness among customers. Also, women have been opting for backpacks over handbags or basic laptop sleeves owing to the convenience and style they offer. Laptop backpacks are the epitome of work-life convenience and versatility.
Who are the key competitors of market Players?
Some of the major players operating within the market are Samsonite International S.A.; Targus; ACCO Brands; SWISSGEAR; ASUSTeK Computer Inc.; Fabrique LTD.; Thule Group; Sanwa Supply Inc.; Lenovo; Belkin International, Inc.
What are the top performing segments, and countries / regions of each of the markets?
The Global Laptop Sleeves Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, Asia Pacific region has dominated the market growth over the forecast period. Several variables are responsible for the increase in demand for laptop carry cases, including rising disposable income and increased expenditure on technological gadgets.
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