The ‘Global Baggage Handling System Market Share, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the baggage handling system market, assessing the market on the basis of its segments like type, technology, application, solution and major regions.
Baggage Handling System Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 8.73 billion
• Forecast CAGR (2022-2027): 7.02%
• Forecast Market Size (2027): USD 13.12 billion
|Market Size in 2021||USD 8.73 billion|
|Revenue Forecast in 2027||USD 13.12 billion|
|Growth Rate CAGR||7.02%|
|Major Players||Vanderlande Industries B.V., Siemens Logistics GmbH, Beumer Group GmbH & Co. KG, Daifuku Co., Ltd., Pteris Global Limited and G&S Airport Conveyor and others.|
The baggage handling system market in Asia is expanding rapidly due to increased investments in airport development and an increase in air passengers in the region. An increase in airport infrastructure construction projects in both established and emerging nations in the region are expanding the baggage handling system market.
Other than Asia, North America is anticipated to hold a significant share in the baggage handling system market owing to increasing population, speedy modernization, growing aviation industry and increasing airport traffic in the region.
Baggage Handling System Industry Definition and Major Segments
A baggage handling system (BHS) is a conveyor system whose purpose is to check the weights of bags and suitcases and their numbers during screening at security and balance evaluation. The main purpose of BHS is to enhance the operational efficiency of airports, railways, and marines and augment passenger satisfaction and convenience.
The baggage handling system market can be segmented on the basis of type, technology, solution, application and major regions.
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Based on technology, the market is segmented into:
• Radio-Frequency Identification (RFID)
Based on type, the market can be divided into:
• Destination Coded Vehicle (DCV)
Based on solution, the market is segmented into:
• Screening and Load
• Conveying and Sorting
• Unload and Reclaim
Based on application, the market can be bifurcated into:
Based on region, the market can be divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Baggage Handling System Market Trends
Due to a growing population and rising disposable incomes, an increase in airport travellers is fueling the global market for baggage handling systems. The increased emphasis on improving air connectivity is promoting air travel, which is boosting the market expansion of baggage handling systems. The market for baggage handling systems is being further stimulated by the rapid construction of airports, the rise in freight and passenger traffic, and rising airport safety issues including terrorist threats.
The use of automated baggage handling systems is being bolstered by technological developments and increased investments. Additionally, the market expansion for baggage handling systems is being supported by the rapid introduction of sophisticated and cutting-edge baggage handling systems by numerous important players.
Key Market Players
The major players in the baggage handling systems market report include:
- Vanderlande Industries B.V.
- Siemens Logistics GmbH
- Beumer Group GmbH & Co.
- KG, Daifuku Co., Ltd
- Pteris Global Limited
- G&S Airport Conveyor
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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