South Korea Smart Luggage Market Size & Outlook, 2024-2030
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South Korea smart luggage market highlights
- The South Korea smart luggage market generated a revenue of USD 40.7 million in 2024 and is expected to reach USD 118.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 19.5% from 2025 to 2030.
- In terms of segment, backpack was the largest revenue generating source in 2024.
- Duffle Bags is the most lucrative source segment registering the fastest growth during the forecast period.
Smart luggage market data book summary
| Market revenue in 2024 | USD 40.7 million |
| Market revenue in 2030 | USD 118.3 million |
| Growth rate | 19.5% (CAGR from 2025 to 2030) |
| Largest segment | Backpack |
| Fastest growing segment | Duffle Bags |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Duffle Bags, Stroller, Backpack |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.7% of the global smart luggage market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart luggage market is projected to lead the regional market in terms of revenue in 2030.
- ANZ is the fastest growing regional market in Asia Pacific and is projected to reach USD 96.1 million by 2030.
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Smart Luggage Market Scope
Smart Luggage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea smart luggage market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart luggage market will help companies and investors design strategic landscapes.
Backpack was the largest segment with a revenue share of 44.47% in 2024. Horizon Databook has segmented the South Korea smart luggage market based on duffle bags, stroller, backpack covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea smart luggage market databook
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Our clientele includes a mix of smart luggage market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea smart luggage market , including forecasts for subscribers. This country databook contains high-level insights into South Korea smart luggage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea smart luggage market size, by product, 2018-2030 (US$M)
South Korea Smart Luggage Market Outlook Share, 2024 & 2030 (US$M)
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