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Professional Gear Bags Market

Professional Gear Bags Market By Product Type (Recreational Shooter Gear Bags, Business Traveler Carry-on Bags, Police Patrol Gear Bags, Emergency Responder Bags), Price Range (Premium, Medium and Low), Casing type (Hard Side and Soft Side), Material Type (Nylon, Plastic, Polyester, Leather and Other), Sales Channel (Distributors/Wholesalers, Hypermarket/Supermarket, Specialty Store) & Region - Forecast to 2022 - 2028

Professional Gear Bags Market By Product Type (Recreational Shooter Gear Bags, Business Traveler Carry-on Bags, Police Patrol Gear Bags, Emergency Responder Bags), Price Range (Premium, Medium and Low), Casing type (Hard Side and Soft Side), Material Type (Nylon, Plastic, Polyester, Leather and Other), Sales Channel (Distributors/Wholesalers, Hypermarket/Supermarket, Specialty Store) & Region - Forecast to 2022 - 2028

Professional Gear Bags Market - Analysis, Outlook, Growth, Trends, Forecasts

Professional Gear Bags Market Overview

[300 pages Report]  The professional gear bags market is estimated at US$ 18,110.8 Mn in 2022 and is projected to reach US$ 23,983.2 Mn by 2028. As per newly released data by Future Market Insights (FMI)

Attribute

Details

Estimated Professional Gear Bags Market Size 2022

US 18,110.8 Mn

Projected Professional Gear Bags (2028) Market Size

US$ 23,983.2 Mn

Value CAGR (2022-2028)

~4.8%

Professional Gear Bags Market Top Players Share in 2021.

~12%-18%

On the other hand the market reflected a CAGR of ~3.8% from 2013 to 2021. The share of the professional gear bags market in its parent market (bags and luggage market) is close to ~10%-15%.

Key Points Covered in Professional Gear Bags Market Survey

  • Professional gear bags market estimates and forecast 2013-2028
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Professional Gear Bags Market and How to Navigate
  • Recommendation on Key Winning Strategies

Multi-functionality Factor to Boost the Sales in Professional Gear Bags Market

Professional gear bags are specially designed in a soft and hard format to enhance users' function while on the move with his/her equipment/gears. The bags are engineered in a way that can resist in adverse environmental conditions under which the equipment will be prevented from damage.

Also, the bags are designed by considering the frequency of use of tools and gears stored in the bag by adding quick-release locks, easy access pouches, and other characteristics. 

Moreover, professional gear bags are available in the professional gear bags market in stylish and modern designs along with highly durable and suitable materials. Thus, professional gear bags are used by a wide range of consumers, including the working population, gym enthusiasts, hikers, law enforcement professionals, soldiers etc.

Sustainable Gear bags Gaining Popularity in the Professional Gear Bags Market

By offering sustainable professional gear bags, the players are attempting to gain a strategic edge over their industry rivals. Future developments, such as developing more sustainable gear bags using waste materials and designing the hydration insulated professional gear bags are likely to escalate market growth during the period of forecast.

In light of the growing demand for sustainable gear bags, eco-friendly luggage brand like Paravel, offers nylon bags, carbon-neutral suitcases and tote bags made from upcycled bottles. Such innovation in the market encourages other players to invest in the research and development sector and add sustainable gear begs in their offerings.

Professional Gear Bags Market Country-wise Insights

The Increasing Recreational Activities in the US to boost the Demand in professional Gear Bags Market

North America is expected to remain one of the key professional gear bags markets, accounting for the majority of the market share. The U.S. held the largest market share in 2021 owing to the presence of various manufacturers of professional gear bags in the country.

According to the statistics of The Outdoor Industry Association U.S., outdoor recreational activity alone accounts for the 4th largest economic sector in the U.S. with US$ 887 Bn revenue in 2017. These statistics itself indicates the optimistic demand outlook for professional gear bags in the U.S. during the forecast period.

Will China’s Demand for Professional Gear Bags Continue to Grow? 

The professional gear bags market in China is expected to rise at an impressive growth rate in the East Asia region attributed to the rising expenditure of people on personal accessories and gears used in the activities like travelling, fishing, hiking etc.

China is one of the developing country in the world. Demand for professional gear bags are growing in the professional, engineer, architect and mechanic sectors as these bags have multiple compartments for all storage needs with easy access pockets. For the same player like Tiger bags Co.,LTD, Ningbo Best Travel Industry and Trade Co., Ltd., Enfung Industry Limited etc. invested a huge amount in research and development activities and launched varieties of professional gear bags which have multi-functional customization, based on the original products, even user can add or reduce any structure according to needs to customize their products.

Will Innovation in Outdoor Backpack Continue to Remain in Germany?

Germany has a highly lucrative professional gear bags market owing to the fact that consumers like to be more aware of the benefits they receive from the products, as companies are mostly focusing themselves to develop sustainable and innovative professional gear bags for non-commissioned personnel in the military, and for travel, sports and recreation by civilians.

Also, many players in the region work on the requirements of the customers to gain a competitive advantage in the professional gear bag market. For instance, Victorinox offers lightweight carry-on bags, these bags are designed to meet the requirements of most airlines while exceeding the expectations of international travelers.

 Aside from that, the rapid growth in recreational and outdoor clubs is expected to play a key role in assisting growth in trekking and hiking activities in the coming years and positively impacting regional professional gear bags sales.

Professional Gear Bags Market Category-wise Insights

Which Product Type is Expected to Dominate the Professional Gear Bags Market?

In terms of product type, business traveler carry-on bags is likely to hold a notable share, attributing to the rise in the number ofr travel and tourism. Moreover, Government bodies and organizations like World Tourism Organization UNWTO are promoting the leisure industry in order to attract diverse tourists across the globe.

Players like Samsonite IP Holdings S.à r.l., VF Corporation, LVMH group, VIP Industries Ltd. etc. have developed and widely commercialized numerous innovations in business traveler carry-on bags, establishing key industry trends and adapting to evolving consumer needs.

What Casing Type of holds the Maximum share in the professional gear bag market?

On the basis of casing type, the soft side is considered the most liked casing in the market. Soft side professional gear bags are available in the professional gear bags market with a wide variety of styles, from garment bags and wheeled backpacks to standard suitcase shapes in various sizes and massive rolling duffels.

However, hard side professional gear bags are made up of high-tech plastics like polycarbonate and ABS, which are durable and lightweight.

Why Online Sales Channels are Preferred by Consumers?

Even today store-based retailing is still a prominent sales channel category. However online retail is expected to reflect a high CAGR during the forecast period. This is due to the fact that the increasing penetration of smart mobile phones and the internet across all around the world and consumers increasingly prioritizing hyper-convenience is likely to escalate the sales of professional gear bags through online retail platforms.

Professional Gear Bags Market Competitive Landscape

Leading players operating in the global professional gear bags market are undertaking efforts to gain a competitive advantage through intense differentiation product and promotional strategies.

For instance:

  • In August 2021, Samsonite International S.A. Establishes Brand Development and Sourcing Hub in Singapore to Align Regional Product Development, Brand Management and Supply Chain Operations.
  • In May 2021, VF Corporation launches a new innovation pillar to support its brand portfolio strategy, called venture platforms.
  • In April 2021, Nomatic is expanding its partnership with photographer and social media influencer Peter McKinnon with three new bags launching as part of a collection on Kickstarter.

Scope of Report

Attribute

Details

Forecast Period

2022-2028

Historical Data Available for

2013-2021

Market Analysis

USD Million for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA.

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa.

Key Segments Covered

Product Type, Price Range, Casing Type. Material Type, Sales Channel, and Region.

Key Companies Profiled

  • 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.
  • Tactical
  • Blackhawk!
  • Fechheimer Brothers Company
  • Beretta Corp.
  • Oakley Inc.
  • Drago Gear
  • North American Rescue LLC.
  • Conterra Inc.
  • Rothco Inc.
  • Others (As Per Request)

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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Key Global Professional Gear Bags Market by CategoryCovered

By Product Type:

  • Recreational Shooter Gear Bags
  • Business Traveller Carry-on Bags
  • Police Patrol Gear Bags
  • Aviation Pilot Bags
  • Emergency Gear Bags
  • Emergency Responder Bags
  • Camera Bags
  • Drone & Quads Bags
  • Others

 By Price Range:

  • Premium (Above US$ 150)
  • Medium (US$ 50-US$ 150)
  • Low (Below US$ 50)

By Casing Type:

  • Hard Side
  • Soft Side

By Material Type:

  • Nylon
  • Plastic
  • Polyester
  • Leather
  • Others

By Sales Channel:

  • Distributors/Wholesalers
  • Hypermarket/Supermarket
  • Specialty Store
  • Convenience Store
  • Online Retailer
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in the Report

What is the current professional gear bags market value?

The global professional gear bags market reached a valuation of US$ 18,110.8 Mn in 2022.
The global professional gear bags industry grew at a sluggish 3.8% CAGR between 2013 and 2021.
Manufacturing facility expansion along with the emergence of modern trade and online retail formats is the key trend in the professional gear bags market.
Leading players operating in the global professional gear bags market comprise Garmin Ltd., Jeppesen Sanderson, Inc., Aviation Supplies & Academics, Inc., Samsonite IP Holdings S.ar.l, VF Corporation, LVMH group, VIP Industries Ltd., and ACE Co., Ltd. among others.
The Latin America professional gear bags industry is projected to grow at a 5.4% CAGR over the forecast period.
The Japan professional gear bags industry is anticipated to expand at a ~3.9% CAGR over the forecast period.

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