Global Airport Baggage Handling System Market was valued US$ 7.94 Bn in 2017 and is expected to reach US$ 14.65 Bn by 2026, at a CAGR of 7.96% during a forecast period. The baggage handling system is a type of conveyor system i.e. present at airports. It is used to shift checked luggage from the ticket counters to the place where baggage can be loaded to airplanes. The main function of baggage handling system at airports is to transport baggage and to confirm that a bag gets to the correct location at the airport. The increasing passenger traffic in developing regions as well as growing security concerns owing to growth in terrorist attacks along with improving aircraft turnaround time shall drive the airport baggage handling system in the upcoming years. Moreover, modernization of airports and technological advancements propel the market growth. However, high initial and maintenance cost of baggage handling system and unfavorable consequences of system failure impede the market growth. On the other hand, implementation of robotics at airports would create new opportunities for the market. Class A airports segment created nearly half of the total market revenue in 2017, owing to the high preference for this class. This segment would maintain its prime position during the forecast period. However, Class B airports segment would register the highest CAGR during forecast period owing to increase in the number of domestic airports. Barcode technology segment is highest market share during forecast period owing to their widespread implementation worldwide. However, RFID technology segment would grow at the highest CAGR during forecast period owing to its high baggage tracking accuracy and technological advancements in this technology. North America accounted for the largest market share during forecast period owing to a large number of airports in the region and modernization of existing airports. The Asia Pacific is projected to register incredible growth due to growing air passenger traffic and rapidly evolving public transportation scenario in China, India, and Southeast Asia. Some of the key players in the global airport baggage handling system market are Siemens AG, Beumer Group, G&S Airport Conveyor, Vanderlande Industries B.V., Daifuku Co. Ltd., Pteris Global Limited, Fives Group, Grenzebach Group, Logplan LLC, Glidepath Group., Crisplant, Aversan Inc, and Babcock Airports Ltd.
Scope of the Global Airport Baggage Handling System Market
Global Airport Baggage Handling System Market by Airport Class
• Class A • Class B • Class C
Global Airport Baggage Handling System Market by Service
• Self-Service • Assisted Service
Global Airport Baggage Handling System Market by Type
• Conveyor • Destination Coded Vehicle
Global Airport Baggage Handling System Market by Technology
• Barcode • RFID
Global Airport Baggage Handling System Market, by Efficiency
• Below 3000 Unit • 3000 to 6000 Unit • Above 6000 Unit
Global Airport Baggage Handling System Market by Geography
• North America • Europe • Asia-Pacific • Middle East & Africa • South America
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Address: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India.
Contact: +91 20 6630 3320/ +919607065656/ +919607195908