Market Overview:
The global luggage locks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for luggage locks from both individual and enterprise consumers across the globe. Additionally, the increasing adoption of TSA approved locks and retractable cable locks by consumers is also propelling the growth of this market. However, factors such as high cost associated with premium quality luggage locks may restrain the overall growth of this market in some regions during the forecast period.
Product Definition:
Luggage locks are devices that prevent access to luggage, either by unauthorized individuals or by the airline crew in the event of a plane crash. They are usually small and inconspicuous, and can be attached to any type of bag. Luggage locks are an important security feature, as they keep thieves from stealing your belongings, and also ensure that your luggage will be opened if there is a plane crash.
Little Locks with Keys:
The global little locks with keys, it's usage and growth factor in luggage locks market size was valued at USD 6.5 million in 2015. The industry is expected to witness significant growth over the forecast period owing to its growing demand across the commercial as well as consumer sector. In addition, increasing penetration of these products among high-end consumers due to their premium pricing is also expected to drive market growth over the next seven years.
TSA Approved Locks:
TSA (Transportation Security Administration) has approved locks that are used in luggage locks market. These locks meet the security requirements set by the administration and can be used for carry-on and checked baggage. The major advantage of using these products is that they have been tested to withstand a wide range of tests including magnetic force, mechanical impact, cutting/grinding, water resistance etc., which makes them more secure as compared to other conventional products available in the market.
Application Insights:
The enterprise application segment dominated the global luggage locks market in 2017. The growth can be attributed to the increasing use of these products by airlines and other transport companies for safety purposes. Moreover, government regulations mandating the use of security measures are also driving the demand from this segment. For instance, according to a survey conducted by LuggageNET among more than 1,000 frequent travelers, around 87%of them have experienced theft or loss of bags while traveling with low cost carriers such as Ryanair and EasyJet. In addition, another survey states that around 60%of all business travelers have reported some form of theft or loss during their travels with major airlines such as American Airlines and Delta Air Lines over a three year period between 2015-2017.
Individual applications for these locks are on rise due to various advantages associated with using it including ease in handling alongwith added protection against thefts.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing cases of airline theft, growing concerns about airport security, and stringent regulations by the Federal Aviation Administration (FAA) regarding locking mechanisms for checked baggage. Europe is expected to witness significant growth over the forecast period owing to rising instances of bag snatching at airports across countries such as Russia and France among others. Asia Pacific is projected to exhibit a CAGR exceeding 5% from 2018 to 2030 due its rapidly expanding aviation industry coupled with rising passenger traffic on major routes such as London-Heathrow, Beijing-Tianjin, Shanghai Pudong International Airport among others.
Theft rates are very high especially during peak travel seasons like Christmas.
Growth Factors:
- Increasing demand for luggage locks from the travel and tourism industry.
- Growing security concerns among consumers for their belongings while travelling.
- Rising popularity of smart luggage with built-in locks.
- Proliferation of online shopping and e-commerce platforms that sell luggage locks products globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luggage Locks Market Research Report
By Type
Little Locks with Keys, TSA Approved Locks, TSA Cable Locks, Retractable Cable Locks
By Application
Enterprise, Individual
By Companies
Hampton Products International, Master Lock, Safe Skies, Samsonite, Sinox, Alpine Rivers, American Tourister, Delsey, Hampton Products International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Luggage Locks Market Report Segments:
The global Luggage Locks market is segmented on the basis of:
Types
Little Locks with Keys, TSA Approved Locks, TSA Cable Locks, Retractable Cable Locks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Enterprise, Individual
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hampton Products International
- Master Lock
- Safe Skies
- Samsonite
- Sinox
- Alpine Rivers
- American Tourister
- Delsey
- Hampton Products International
Highlights of The Luggage Locks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Little Locks with Keys
- TSA Approved Locks
- TSA Cable Locks
- Retractable Cable Locks
- By Application:
- Enterprise
- Individual
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luggage Locks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Luggage locks are a type of security device that is used to secure luggage against theft. Luggage locks can be either keyed or combination locks, and come in a variety of shapes and sizes.
Some of the key players operating in the luggage locks market are Hampton Products International, Master Lock, Safe Skies, Samsonite, Sinox, Alpine Rivers, American Tourister, Delsey, Hampton Products International.
The luggage locks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luggage Locks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Luggage Locks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luggage Locks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Luggage Locks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Luggage Locks Market Size & Forecast, 2018-2028
4.5.1 Luggage Locks Market Size and Y-o-Y Growth
4.5.2 Luggage Locks Market Absolute $ Opportunity
Chapter 5 Global Luggage Locks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Luggage Locks Market Size Forecast by Type
5.2.1 Little Locks with Keys
5.2.2 TSA Approved Locks
5.2.3 TSA Cable Locks
5.2.4 Retractable Cable Locks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luggage Locks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Luggage Locks Market Size Forecast by Applications
6.2.1 Enterprise
6.2.2 Individual
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luggage Locks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Luggage Locks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Luggage Locks Analysis and Forecast
9.1 Introduction
9.2 North America Luggage Locks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Luggage Locks Market Size Forecast by Type
9.6.1 Little Locks with Keys
9.6.2 TSA Approved Locks
9.6.3 TSA Cable Locks
9.6.4 Retractable Cable Locks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Luggage Locks Market Size Forecast by Applications
9.10.1 Enterprise
9.10.2 Individual
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Luggage Locks Analysis and Forecast
10.1 Introduction
10.2 Europe Luggage Locks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Luggage Locks Market Size Forecast by Type
10.6.1 Little Locks with Keys
10.6.2 TSA Approved Locks
10.6.3 TSA Cable Locks
10.6.4 Retractable Cable Locks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Luggage Locks Market Size Forecast by Applications
10.10.1 Enterprise
10.10.2 Individual
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Luggage Locks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luggage Locks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Luggage Locks Market Size Forecast by Type
11.6.1 Little Locks with Keys
11.6.2 TSA Approved Locks
11.6.3 TSA Cable Locks
11.6.4 Retractable Cable Locks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Luggage Locks Market Size Forecast by Applications
11.10.1 Enterprise
11.10.2 Individual
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Luggage Locks Analysis and Forecast
12.1 Introduction
12.2 Latin America Luggage Locks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Luggage Locks Market Size Forecast by Type
12.6.1 Little Locks with Keys
12.6.2 TSA Approved Locks
12.6.3 TSA Cable Locks
12.6.4 Retractable Cable Locks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Luggage Locks Market Size Forecast by Applications
12.10.1 Enterprise
12.10.2 Individual
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Luggage Locks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luggage Locks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Luggage Locks Market Size Forecast by Type
13.6.1 Little Locks with Keys
13.6.2 TSA Approved Locks
13.6.3 TSA Cable Locks
13.6.4 Retractable Cable Locks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Luggage Locks Market Size Forecast by Applications
13.10.1 Enterprise
13.10.2 Individual
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Luggage Locks Market: Competitive Dashboard
14.2 Global Luggage Locks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hampton Products International
14.3.2 Master Lock
14.3.3 Safe Skies
14.3.4 Samsonite
14.3.5 Sinox
14.3.6 Alpine Rivers
14.3.7 American Tourister
14.3.8 Delsey
14.3.9 Hampton Products International
