Airport Baggage Handling System Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends
Posted by ramtbrc on April 25th, 2024
Overview and Scope
The airport baggage handling system refers to the composition of many procedures and inspections. It is intended to transfer bags via an airport conveyor belt system, count bags, weigh bags, balance loads, screen baggage for security, and automatically scan bag information.
Sizing and Forecast
The airport baggage handling system market size has grown strongly in recent years. It will grow from .22 billion in 2023 to .92 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to air travel growth, security measures, efficiency and throughput, airport expansions and renovations, passenger expectations.
The airport baggage handling system market size is expected to see strong growth in the next few years. It will grow to .24 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to predictive maintenance, sustainability and green initiatives, risk mitigation strategies, cost-efficiency requirements, passenger experience enhancement, rising tourism. Major trends in the forecast period include focus on passenger convenience, customization for airport needs, remote monitoring and management, smart sensor integration, predictive analytics..
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Segmentation & Regional Insights
The airport baggage handling system market covered in this report is segmented –
1) By Type: Conveyors, Destination Coded Vehicles
2) By Solution: Check-In, Screening And Load, Conveying And Sorting, Unload And Reclaim
3) By Service: Assisted Service, Self-Service
4) By Technology: Barcode, RFID (Radio Frequency Identification)
5) By Application: Airport, Railway, Marine, Other Applications
North America was the largest region in the airport baggage handling system market in 2023. The regions covered in the airport baggage handling system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in air traffic is expected to propel the growth of the airport baggage handling system market. Air traffic refers to aircraft movements at airports. The reasons for the increase in air traffic are economic and demographic growth, rising income levels, the need for faster transportation of goods, and others. The demand for airport baggage handling systems will rise in response to the increasing air traffic to support crowded airport operations and reduce lead times for aircraft and at airports. For instance, according to the May 2022 passenger data published by the IATA (International Air Transport Association), a trade association for the world’s airlines, total air traffic was up 83.1% compared to May 2021, mostly driven by a strong recovery in international traffic. Worldwide air traffic is now at 68.7% of pre-pandemic levels. Further, in May 2022, international traffic grew 325.8% versus May 2021. Therefore, an increase in air traffic is expected to drive the growth of the airport baggage handling systems market.
Key Industry Players
Major companies operating in the airport baggage handling system market report are Beumer Group, Daifuku Co. Ltd., Fives SA, G&S Airport Conveyor, Glidepath Limited, Grenzebach Maschinenbau GmbH, Logplan LLC, Pteris Global Limited, Siemens AG, Vanderlande Industries BV, SITA AG, BCS Group, Ansir Systems, Babcock International Group, Leonardo SpA, Airport Equipment Services Pte. Ltd., ALPHA-CIM Baggage, Alstef Automation S.A., Ammeraal BelTech, Aversan Inc., BB Computerteknik AS, BDP International, CASSIOLI Group, CIMC-TianDa Airport Support Ltd., Dalmec Industrial Manipulators India, LAS-1 Ltd., Logan Teleflex UK Ltd., Losch Airport Service GmbH, Matrex India Pvt. Ltd., Siemens Logistics GmbH
The airport baggage handling system market report table of contents includes:
1. Executive Summary
2. Airport Baggage Handling System Market Characteristics
3. Airport Baggage Handling System Market Trends And Strategies
4. Airport Baggage Handling System Market - Macro Economic Scenario
5. Global Airport Baggage Handling System Market Size and Growth
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31. Global Airport Baggage Handling System Market Competitive Benchmarking
32. Global Airport Baggage Handling System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Airport Baggage Handling System Market
34. Airport Baggage Handling System Market Future Outlook and Potential Analysis
35. Appendix
