Baggage Conveyor System Market is expected to grow at a considerable CAGR

Posted by Satr Martin on May 1st, 2018

Baggage Conveyor System Market Overview

Baggage conveyor system is an automated conveyor system which is installed at airports. Baggage conveyor system is used to transport checked luggage. The transportation range of baggage conveyor system is usually from ticket counter to those places where they can be loaded onto airplanes or aircrafts. Further, baggage conveyor systems are integrated high speed conveyor system which can perform a number of operations such as security screening, sorting, storage and transportation of baggage.

Market Size & Forecast

The global baggage conveyor system market is anticipated to flourish at a remarkable compound annual growth rate (CAGR) over the forecast period i.e. 2017-2024. Factor such as development of new airport terminals and modification of existing airport terminals are some of the major factors which are expected to bolster the growth of global baggage conveyor system market during the forecast period.

In terms of region, global baggage conveyor system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Europe is expected to be the leading market for baggage conveyor system during the forecast period. This growth of baggage conveyor system in Europe region can be attributed to better airport security standards and increasing investment on expansion of airport terminals in this region.

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North America region is expected to witness satisfactory growth over the forecast period owing to factors such as modification of infrastructure of existing airports in this region. Apart from this, Asia Pacific region is expected to flourish at remarkable pace due to factors such as increasing passenger traffic, development of new airports and rising demand for infrastructural enhancements of existing airports in this region.

Market Segmentation

Our-in depth analysis of the global baggage conveyor system market includes the following segments:

By Component

Conveyor System

Sorting Device

Scanners

Destination Coded Vehicles

By Sorting System

Radio-Frequency Identification

Barcode Scanner System

By Service

Assisted Baggage Check-in

Self Service Baggage Check-in

By Region

Global baggage conveyor system market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis

Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis

Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.

Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Rising security concern at airports across the globe is one of the major factors which are fueling the demand for baggage conveyor system at airport terminals. Further, such factors are expected to drive the growth of global baggage conveyor system in near future.

Additionally, increasing air traffic at airports is also a major concern which is likely to drive the growth of baggage conveyor system market globally. Moreover, increasing number of passengers coupled with rising number of their luggage is escalating the demand for better baggage handling system which is more convenient in terms of operation. Further, this rising demand for baggage handling system at airports is likely to drive the growth of global baggage handling system.

Furthermore, increasing concern towards customer’s satisfaction at airports and rapid modernization of airport terminals to improve overall efficiency are fueling the demand for baggage handling system. Additionally, advancement of airports just to enhance the aircraft turnaround time (time consumed between arrival and again departure of aircrafts) is a major factor which is anticipated to fuel the growth of global baggage conveyor system market during the forecast period.

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However, efficiency of baggage conveyor system to handle baggage during peak hours and non-peak hours is a major challenge to the growth of global baggage conveyor system. Additionally, low growth in passenger travels is expected to hamper the growth of global baggage conveyor system market in near future.

Key Players

Alstef

Company Overview

Key Product Offerings

Business Strategy

SWOT Analysis

Financial

Ammeraal Beltech

Automated Technology Group

Babcock International Group

Baglogix

BB Computerteknik AS

Beumer Group

Cassioli Brasil

CIMC Airport Facilities

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global baggage conveyor system market is segmented as follows:

By Components Market Size & Y-O-Y Growth Analysis

By Service Market Size & Y-O-Y Growth Analysis

By Sorting System Market Size & Y-O-Y Growth Analysis

By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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