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Global Baby Travel Bags Market 2019-2023 | Multi-Featured Baby Travel Bags to Boost Growth | Technavio

April 1, 2019
The global baby travel bags market will post a CAGR of over 6% during the period 2019-2023 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Apr 1, 2019--The global baby travel bags market is expected to post a CAGR of over 6% during the period 2019-2023, according to the latest market research report by Technavio.

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The global baby travel bags market will post a CAGR of over 6% during the period 2019-2023 (Graphic: Business Wire)

A key factor driving the growth of the market is the rise in the population of working women. Working parents, especially working women need baby travel bags to carry their child and their belongings to day-cares. The population of working women in developed as well as developing countries is growing substantially over the last few years. This has increased the number of dual-income households, leading to higher purchasing power which facilitates the procurement of premium baby products such as baby travel bags, during the forecast period.

As per Technavio, the introduction of multi-featured baby travel bags will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global baby travel bags market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

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Global baby travel bags market: Introduction of multi-featured baby travel bags

Owing to the growing travel duration of working women, the demand for multi-featured baby travel bags has been increasing significantly. The feature that experiences the highest demand is the product/content organizer and USB charging system as it allows charging phones while on-the-go. For instance, to address this growing need, vendors have launched multi-featured baby travel bags that have a laptop compartment with zipper, insulated milk pockets, tissue pockets, diaper pockets, and USB charging ports. Therefore, the demand for such baby travel bags is expected to boost market growth during the forecast period.

“The advent of exclusive designer collection is expected to drive the growth of the market. Limited edition designer baby travel bags are made of high-quality fabric as consumers appreciate the aesthetics of these materials such as leather and are willing to pay premium prices. Vendors have also introduced baby travel bags that are designed for working women, which also focus on their daily office needs. These baby travel bags are made of strong materials, which can sustain wear and tear situations. All these factors will influence the purchasing behavior of consumers,” says a senior analyst at Technavio.

Global baby travel bags market: Segmentation analysis

This market research report segments the global baby travel bags market by distribution channel (online and offline) and geographical regions (Europe, North America, APAC, MEA, and South America).

The European region led the market in 2018, followed by North America, APAC, MEA, and South America respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to the growing popularity of fashionable baby products, rising working women population, rise in economic growth, and the increasing number of vendors operating in the region.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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 10,000 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.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190401005061/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TRAVEL OTHER TRAVEL BABY/MATERNITY CONSUMER

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 04/01/2019 10:04 AM/DISC: 04/01/2019 10:04 AM

http://www.businesswire.com/news/home/20190401005061/en