According to a recent market study published by Growth Market Reports, titled, “Global Anti-theft Luggage (anti-cut luggage) Market by product types, by distribution channel, and by region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 3,480.0 Million in 2021 and is anticipated to grow at a growth rate of 7.5% by the year 2030.

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A handbag, backpack, or piece of baggage with security elements integrated into is called anti-theft baggage. It is intended to prevent theft. Theft-proof or slash-proof bags are other names for anti-theft bags. These travel accessories include Bluetooth, GPS, Wi-Fi, and built-in batteries, among other technological aspects. The bags are visually appealing and fashionable because of their streamlined design and use of reliable, theft-proof materials.

Due to its notch-proof, polyester fabric, which prevents criminals from cutting the material and taking something from the bag, these bags are very well-liked by consumers. These carry-on bags are compact and contain a detachable battery. These bags were created in compliance with the guidelines established by airlines.

The Global Anti-theft Luggage (anti-cut luggage) Market has been segmented in terms of product types, distribution channel, and region. In terms of product type, the global Anti-theft Luggage market is split into backpacks, crossbody, messenger bags, heritage tote, and others. On the basis of the Distribution Channel, the market is fragmented into offline and online. Considering regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The lockdowns impacted the global manufacturing sectors. The worldwide lockdown to minimize the transmission of the virus significantly disrupted supply chain activities and reduced the production of commodities, goods, and services. Furthermore, restrictions were enforced on foreign trade due to the closure of international borders, non-operational distribution channels, and various government norms to take precautionary measures for public health and safety. Since the beginning of the COVID-19 outbreak, the Anti-theft Luggage market has been negatively impacted due to the closure of manufacturing plants and disruption of supply chain activities across the globe.

Moreover, this outbreak severely hampered the tourism industry, which adversely impacted the market during the COVID-19 outbreak. Companies operating in the Anti-theft Luggage market had to make tough choices in the supply chain during the pandemic and post-pandemic recovery period. As per growth market reports industry analyst Raksha Sharma, “The expanding tourism industry all across the globe and technological advancement in Anti-theft luggage is expected to contribute to the growth of the global Anti-theft Luggage market. The market has a negative impact due to COVID–19, but it is expected to grow at a substantial pace during the forecast period.

Key Takeaways from the Study

  • The players in the global Anti-theft Luggage market include Baggallini, The Carriall Co., METODO, Pacsafe, Safari Industries (India) Ltd., SHERPANI, Targus, Travelon, Nordace Limited., Samsonite, and Others. These hold a major market share of the global Anti-theft Luggage market in the year 2021.
  • Significant Growth in the Tourism Industry, Technological Advancements in anti-theft luggage, and Rising E-commerce Industry across the Globe are some of the major factors that are anticipated to boost the market during the forecast period.
  • Increasing Business Activities Among Various Countries and Increasing Demand for Technologically Advanced Bags are expected to create opportunities in the coming years.
  • On the basis of product type, the global anti-theft luggage (anti-cut luggage) market is segmented into backpack, crossbody, messenger bag, heritage tote, and others. The crossbody segment is valued at USD 772.78 million in 2021 and is expected to reach USD 1,434.67 Million in 2030, as they are increasingly becoming fashion accessories with innovative designs. Crossbody bags are preferred over big bags among the young population, due to their wide range of designs. Manufacturers of crossbody bags are being forced to realign their strategies to remain in sync with the increasing global demand, due to the increasing number of young consumers preferring state-of-the-art products.
  • In terms of distribution channel, the global anti-theft luggage (anti-cut luggage) market is segmented into online and offline. The offline segment is projected to expand at a 3.9% CAGR during the forecast period. The offline channel is expected to register significant sales in the coming years, owing to the benefits of quick product return without delay, a variety of products, and personalized recommendations from staff.
  • In terms of regions, the global Anti-theft Luggage markets are divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe is anticipated to expand at a CAGR of 7.6% during the forecast period, due to the changing lifestyle and rising focus on innovative product design and quality. Moreover, consumers in Europe are concerned about technological innovations in the design of a luggage, such as location through GPS & cell phones, and RFID technology, which impact the growth of the anti-theft luggage market in the region.

Report Scope

Report Metric

Details

Market Value in 2021

US$ 3,480.0 Million

Market Growth Rate (from 2022 to 2030)

7.5%

Historical Data

2015 & 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (US$ Million)

Market Segments

By Product Types, By Distribution Channel, and By Region

Key Companies Profiled

Baggallini, The Carriall Co., METODO, Pacsafe, Safari Industries (India) Ltd., SHERPANI, Targus, Travelon, Nordace Limited., Samsonite, and Others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Vendor, Manufacturer, Distributors, Supplier, Retailer.
  • Demand Side: Individuals and courier service companies.
  • Regulatory Side: Concerned government authorities, and other approved regulatory bodies.