Airport Baggage Handling System Market is valued aroundUSD 9.71 Billion in 2019 and expected to reach USD 16.12 Billion by 2030 withthe CAGR of 4.6% over the forecast period.
Airport Baggage HandlingSystem comprises of various components which helps in the transportation ofchecked in luggage from the counter to the loading area. It also helps in thetransportation of luggage from the unloading area to claim area & avoid theloss of luggage. This system simplifies the overall luggage management at theairports & improves the aircraft turnaround time along with better consumerexperience.
Global Airport Baggage Handling System Market report is segmented on the basis of type, airportclass, service, technology and by regional. Based upon type, the airportbaggage handling system market is fragmented into conveyer and destinationcodes vehicle. On the basis of airport class, the market is categorized into classA, class B, and class C. based on technology, the market is bifurcated intobarcode and RFID. Based on service, the market is categorized into self-serviceand assisted service. The regional bifurcation of countries includes NorthAmerica, Europe, Asia-Pacific, and RoW which are further segmented into majorcountries such as U.S., UK, France, and others.
The airport baggagehandling system market is mainly driven by the steady growth in theconstruction of airports as well as modernization of the existing airports.There has stable growth in the aviation industry which is further supported by thedeveloping tourism industry on a large scale. In addition, rising disposableincome led to the growth in passenger traffic along with international travelowing to globalization as well as trade practices. On the other hand,advancement in technology with high adoption rate supported the development ininfrastructure & economies are projected the market growth. However, highcost of installation & maintenance along with the major drawbacks of systemfailure can restrict the market growth.
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The developed regions suchas North America and Europe are expected to hold the major market share owingto the presence of technological advancement supported by developedinfrastructure. Moreover, developing tourism industry along with rapid growthin aviation industry as well as high disposable income is likely to promote themarket growth. Asia Pacific is expected to dominate the airport baggagehandling system market in terms of growth rate owing to the surge inconstruction of new airports as well as modernization of existing airports. Inaddition, development in disposable income led to the growth in passengertraffic which is further supported by the growth in trade practices owing toglobalization.
The major market playersprofiled in the airport baggage handling system market includes Beumer Group,Siemens AG, G&S Airport Conveyor, Daifuku Co. Ltd., Vanderlande IndustriesB.V., Pteris Global Limited, Grenzebach Group, Fives Group, Glidepath Group andLogplan LLC among others.
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