Global Airport Baggage Handling System Market Size, Share, Price,...

Global Airport Baggage Handling System Market Size, Share, Price, Trends, Growth, Analysis, Report, Forecast 2023-2028

Posted 2023-02-08 10:14:53

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The new report by Expert Market Research titled, ‘Global Airport Baggage Handling System Market Share, Size, Trend, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global airport baggage handling system market, assessing the market based on its segments like types, technologies, airport classes, services, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 42%

The global airport baggage handling system is being driven by the increasing investments by the airport authorities to improve the maintenance quality in airport baggage handling operations, favourable policies of the government towards bolstering the safety standards, and rapid digitalisation of airports across the world.

In addition, airport baggage handling system is reliable, and flexible, and offers operational and maintenance savings. These advantages are likely to invigorate the market in the forecast period. In terms of region, North America accounts for a significant share in the market owing to the increasing immigration of tourists and working professionals in the United States of America and Canada, rapid advancements in the airports, and rising number of domestic travellers in the region.

Industry Definition and Major Segments

Airport baggage handling system refers to a system of transporting and sorting out passenger’s luggage at the airport. Airport baggage handling services aims at safely transporting the luggage to a place from where the passenger can collect it. This system ensures the avoidance of theft, mishandling, and bolsters the accuracy and efficiency of baggage handling. Moreover, modern airport baggage handling system includes check-in belts with scales, conveyers, vertical and horizontal diverters, and screening system, among others.

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On the basis of type, the market has been segmented into:

Conveyors
Destination Coded Vehicles
Others

Based on technology, the market has been classified into:

RFID
Barcode
Others

By airport class, the market has been divided into:

Class A
Class B
Class C

The market can be broadly categorised on the basis of service into:

Self-Service
Assisted Service
Others

The regional markets for airport baggage handling system include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The rapid innovations, technological advancements, and increasing investments by the key market players towards technologies, such as EBS (early baggage storage) solution and integration, control systems (SAC and SCADA), ATR (automatic tag reader) with RFID and OCR as an option, and hold baggage screening, among others, are likely to be the major trend augmenting the global airport baggage handling system market. Moreover, the rapid digitalisation and advancements in the airport across emerging economies owing to the increasing number of passengers with biometric passport, are anticipated to further invigorate the market in the forecast period.

Key Market Players

The major players in the market are Siemens AG, CIMC Tianda Holdings Co. Ltd, Leonardo S.p.A., Logplan LLC, Vanderlande Industries B.V., BEUMER Group, and GS Airport Conveyer, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.