Fortune Business Insights recently released “The Baggage Handling System Market Report 2024,” offering in-depth market analysis and critical insights to help clients gain a competitive edge. This comprehensive study delivers key findings for strategic advantage.

Baggage Handling System Market Share, Size & Industry Analysis, By Type (Destination coded vehicle (DCV), Conveyor), By Technology (Radio-Frequency Identification (RFID), Barcode), By Application (Airport, Railway, Marine), and Regional Forecast, 2020-2032

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The market’s competitive landscape for baggage handling system market is evaluated by analyzing key industry players, their production capacities and utilization rates, baggage handling system marketM’s production chain, manufacturer pricing, and the revenue each manufacturer generates globally in the baggage handling system marketM sector.

Major companies of baggage handling system market:

  • Vanderlande Industries
  • Siemens
  • Daifuku Co., Ltd.
  • BEUMER GROUP
  • Pteris Global Limited
  • SITA
  • Fives
  • Babcock International Group PLC
  • Smiths Detection Group Ltd.
  • G&S Airport Conveyor
  • B2A Group
  • Logplan

Market atributes:

Report ComponantAspects
Forecast Period2019-2032
Projected Market Value for 2019:USD 8.55 billion
Forecasted Market Value for 2032:USD 21.52 billion
Compound Annual Growth Rate (CAGR):6.8

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Key Drivers and restraints:

  • Drivers:
    • Growth in Air Travel: Increasing passenger traffic at airports drives the demand for efficient and reliable baggage handling systems to manage higher volumes of luggage.
    • Technological Advancements: Innovations such as automated sorting systems, RFID tracking, and advanced conveyor technologies enhance the efficiency and accuracy of baggage handling.
    • Focus on Enhanced Passenger Experience: Airports are investing in modern baggage handling systems to reduce wait times, minimize lost luggage, and improve overall passenger satisfaction.
    • Expansion of Airport Infrastructure: The development of new airports and the expansion of existing ones drive the need for advanced baggage handling systems to support increased capacity and operational efficiency.
    • Regulatory Requirements: Stringent regulations and standards for baggage handling, security, and safety promote the adoption of compliant and technologically advanced systems.
  • Restraints:
    • High Initial Investment: The substantial cost of purchasing and installing sophisticated baggage handling systems can be a barrier for airports, particularly smaller ones.
    • Complexity of Integration: Integrating new baggage handling systems with existing airport infrastructure and operations can be complex and require significant planning and resources.
    • Maintenance and Operating Costs: Ongoing maintenance and operational expenses, including system updates and repairs, can impact the total cost of ownership and operational budgets.
    • Technological Obsolescence: Rapid advancements in technology may lead to obsolescence of existing baggage handling systems, necessitating frequent updates or replacements.
    • Dependence on Reliable Operation: Any system failures or disruptions can significantly affect airport operations and passenger experience, emphasizing the need for highly reliable systems.

Regional atributes:

  • North America (U.S. and Canada)
  • Europe (Germany, U.K., France, and Rest of Europe)
  • Asia-Pacific (China, India, Japan, Southeast Asia, and Rest of Asia-Pacific)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
  • Latin America (Brazil, Mexico, and Rest of Latin America)

Industry developments:

  • September 2019 – Siemens modernized the existing inspection system for luggage control at Madrid, Barcelona, Malaga, Palma de Mallorca and Gran Canaria Airports in Spain for around USD 175 million. The modern solution named as ‘Hi-SCAN 10080 XCT’ will help tighten the security regulations of the European Civil Aviation Conference (ECAC).
  • December 2019 – Pteris Global Limited, a subsidiary of CMIC Group, signed an agreement with Chennai International Airport to provide a baggage-handling system for the airport’s new terminal. The estimated worth of the agreement is approximately USD 45 million.

Table of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments – Merger, Acquisitions, and Partnerships
    • Porter’s Five Forces Analysis
    • SWOT Analysis
    • Technological Developments
    • Value Chain Analysis

TOC Continued…!

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