Airport Baggage Handling System Market is valued around USD 9.71 Billion in 2019 and expected to reach USD 16.12 Billion by 2030 with the CAGR of 4.6% over the forecast period.
Airport Baggage Handling System comprises of various components which helps in the transportation of checked in luggage from the counter to the loading area. It also helps in the transportation of luggage from the unloading area to claim area & avoid the loss of luggage. This system simplifies the overall luggage management at the airports & improves the aircraft turnaround time along with better consumer experience.
Global Airport Baggage Handling System Market report is segmented on the basis of type, airport class, service, technology and by regional. Based upon type, the airport baggage handling system market is fragmented into conveyer and destination codes vehicle. On the basis of airport class, the market is categorized into class A, class B, and class C. based on technology, the market is bifurcated into barcode and RFID. Based on service, the market is categorized into self-service and assisted service. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.
The airport baggage handling system market is mainly driven by the steady growth in the construction of airports as well as modernization of the existing airports. There has stable growth in the aviation industry which is further supported by the developing tourism industry on a large scale. In addition, rising disposable income led to the growth in passenger traffic along with international travel owing to globalization as well as trade practices. On the other hand, advancement in technology with high adoption rate supported the development in infrastructure & economies are projected the market growth. However, high cost of installation & maintenance along with the major drawbacks of system failure can restrict the market growth.
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The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of technological advancement supported by developed infrastructure. Moreover, developing tourism industry along with rapid growth in aviation industry as well as high disposable income is likely to promote the market growth. Asia Pacific is expected to dominate the airport baggage handling system market in terms of growth rate owing to the surge in construction of new airports as well as modernization of existing airports. In addition, development in disposable income led to the growth in passenger traffic which is further supported by the growth in trade practices owing to globalization.
The major market players profiled in the airport baggage handling system market includes Beumer Group, Siemens AG, G&S Airport Conveyor, Daifuku Co. Ltd., Vanderlande Industries B.V., Pteris Global Limited, Grenzebach Group, Fives Group, Glidepath Group and Logplan LLC among others.