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

January 6, 2020 GMT
Global Baby Travel Bags Market 2019-2023 | Introduction of Multi-Featured Baby Travel Bags to Boost Growth | Technavio
Global Baby Travel Bags Market 2019-2023 | Introduction of Multi-Featured Baby Travel Bags to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Jan 6, 2020--

The baby travel bags market size is poised to grow at a CAGR of over 6% during 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global baby travel bags market 2019-2023 (Graphic: Business Wire)

The population of working women in developed as well as developing countries has grown 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. Working parents, especially working women, need baby travel bags to carry their child and their belongings to day-cares. Thus, the rise in the population of working women is expected to drive the baby travel bags market growth during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR31031

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 research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Baby Travel Bags Market: Introduction of Multi-Featured Baby Travel Bags

The demand for multi-featured baby travel bags has been increasing owing to the growing travel duration of working women. 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. The feature that witnesses the highest demand is the product/content organizer and USB charging system as it allows the charging of phones on-the-go. Therefore, the need for multi-featured baby travel bags is expected to boost market growth during the forecast period.

“Factors such as the introduction of an exclusive designer collection and increased celebrity endorsements for promotion will have a significant impact on the growth of the baby travel bags market value during the forecast period,” says a senior analyst at Technavio.

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Baby Travel Bags Market: Segmentation Analysis

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

The European region led the market in 2018, followed by North America, APAC, MEA, and South America, respectively. The growth of the baby travel bags market share in Europe can be attributed to several factors such as the presence of established vendors, growth in online distribution channels, and the presence of well-established organized retail sector in the region.

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.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

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 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.

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/20200106005041/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: WOMEN MEN SPECIALTY FAMILY BABY/MATERNITY ONLINE RETAIL CONSUMER RETAIL

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 01/06/2020 04:00 AM/DISC: 01/06/2020 04:00 AM

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