COVID-19 Pandemic Impact on Global Smart Backpack Market 2020-2024 | Technavio

Rise in trade offers by key competitors will drive the market growth during the forecast period.

LONDON--(BUSINESS WIRE)--The smart backpack market is expected to register a CAGR of over 4% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.

Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on smart backpack market. Download free report sample on the impact of COVID-19 pandemic analysis.

Due to the extensive spread of the virus across the globe, the Consumer Discretionary Industry is anticipated to have Negative impact. The smart backpack market will showcase Negative impact during 2020-2024.

Smart Backpack Market 2020-2024: Segmentation

Smart Backpack Market is segmented as below:

• Capacity
  • 15-35 liter
  • 35-60 liter
  • above 60 liters
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • MEA

APAC region will account for the highest incremental growth during the forecast period due to the advanced technological innovations in product features.

With the surging growth of COVID-19 pandemic, the Consumer Discretionary market is anticipated to have an Indirect impact during the forecast period.

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Advanced technological innovations in product features has been an instrumental factor in influencing the growth of smart backpack market. Other market drivers include increasing urbanization rate and growing adoption of outdoor recreational activities and adventure sports. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.

Key Considerations for Market Forecast

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

Get more insights about the global trends impacting the future of smart backpack market, get free sample at: https://www.technavio.com/talk-to-us?report=IRTNTR43555

Smart Backpack Market 2020-2024: Vendor Analysis

The market is concentrated. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include CO.ALITION, Ghostek, Lumzag, Mancro, MOS Organizer, NOMATIC, Targus Inc., TRAKK Tech LLC., TYLT Inc., and Xindao BV.

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TOC

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Capacity

• Market segments
• Comparison by Capacity
• 15-35 liter - Market size and forecast 2019-2024
• 35-60 liter - Market size and forecast 2019-2024
• Above 60 liter - Market size and forecast 2019-2024
• Market opportunity by Capacity

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• CO.ALITION
• Ghostek
• Lumzag
• Mancro
• MOS Organizer
• NOMATIC
• Targus Inc.
• TRAKK Tech LLC.
• TYLT Inc.
• Xindao BV

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.