Baggage Handling System - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Baggage Handling System Market is accounted for $6.94 billion in 2019 and is expected to reach $12.94 billion by 2027 growing at a CAGR of 8.1% during the forecast period. Increasing usage of destination coded vehicles and robotics, growing maritime tourism industry, and rising smart city projects are the major factors propelling the market growth. However, factors such as high initial and maintenance costs are hampering the market growth.
The baggage handling system is a type of conveyor system which helps to transport the baggage from the location at check in where the baggage is loaded into the transportation vehicle to the place where the passenger luggage claim area. The primary function of the baggage is to transfer the baggage to the correct location. In addition, the system serves functions such as tracking, counting, automatic tag reader, load balancing, solving overlapping of bags, and detection of bag jams.
Based on mode of transport, the airport segment is going to have a lucrative growth during the forecast period owing to the increasing percentage of air passenger traffic worldwide. Airport baggage handling systems play an important role in the global economy as they attract many suppliers and manufacturers for business investments. With aggressive incentives and mandates from the government, India and China have established themselves as leaders in the airport industry. The airports must be equipped with the latest technologies of baggage handling systems, which can manage the movement of baggage in and out of the check-in and checkout points at airports.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the factors such as growing air passenger volume, upcoming airport projects, presence of cruise industry, scope for multimodal transport, economy of countries, government investments in railway, marine, and airport projects, consumer acceptance, and government regulations have triggered the demand for baggage handling systems in the region. Due to the ever-growing air passenger traffic, China accounts for the highest market share of the Asia Pacific baggage handling system market.
Some of the key players profiled in the Baggage Handling System Market include Aversan Inc., Babcock Airports Ltd., BCS Group, Beumer Group GmbH & Co. KG, Crisplant, Daifuku Co., Ltd., Fives Group, G&S Airport Conveyor, Glidepath Group, Grenzebach Maschinenbau GmbH, Logplan LLC., Pteris Global Limited, Siemens AG, SITA, and Vanderlande Industries B.V.
• Destination Coded Vehicle (DCV)
Mode of Transports Covered:
Check-in Service Types Covered:
• Assisted Service
Tracking Technologies Covered:
• Barcode System
• Radio Frequency Identification (RFID) System
• Check-in, Screening, and Loading
• Conveying and Sorting
• Unloading and Reclaim
• Detection of Bag Jams
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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