Airport Baggage Handling System Market by Airport Class (Class A, Class B, and Class C), by Service (Self Service and Assisted Service), By Type (Conveyer and Destination Coded Vehicle), By Technology (Barcode and RFID) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030
Industry: Aerospace & Defense | Publish Date: 14-Oct-2020 | No of Pages: 244 | No. of Tables: 134 | No. of Figures: 104 | Format: PDF | Report Code : N/A
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Market Definition:
The global Airport Baggage Handling System Market size valued to USD 9.71 billion in 2019, is predicted to reach USD 16.12 billion by 2030, witnessing a CAGR of 4.60% from 2020-2030.
Airport Baggage Handling System refers to a conveyor system that transports verified luggage from check-in counters to the area defined for loading luggage into airplanes. Besides, it is also used for the transportation of luggage from airplane to the baggage claim area. This system aims at ensuring the correct location of the luggage, hence avoiding the loss of luggage. The entire system consists of different sensors, barcode readers, RFID tags and such other technologies to make the process much easier in a long run.
Market Dynamics and Trends:
The upsurge in global population, rapid urbanization, increasing preference towards air travel, reasonable ticket fares, as well as increase in disposable incomes, are the market dynamics responsible for propelling the market growth. Besides, higher technological developments at global level, advanced infrastructures, as well as innovative product launches by the market players are anticipated to fuel-up the global airport baggage handling system market growth in coming future.
However, higher cost of maintenance and drawback of system failure are the factors responsible to slow-down the growth of airport baggage handling system market during the forecast period. Moreover, factors such as increased use of robotics, upsurge in R&D activities, construction of new airports as well as modernization of existing airports, are paving the way for several profitable opportunities in the global airport baggage handling system market.
Market Segmentations and Scope of the Study:
The global airport baggage handling system market share analysis is based on airport class, service, type, technology, and geography. Based on airport class, the market is segmented into class A, Class B, and Class C. Based on service, the market is fragmented into self-service and assisted service. Based on type, the market is categorized into conveyer and destination coded vehicle. Based on technology, the market is fragmented into barcode and RFID. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Asia-Pacific, Europe, and RoW.
Geographical Analysis:
North America is expected to dominate the global airport baggage handling system market, accounting for the highest market shares. This is attributable to factors such as thriving aerospace industry, high R&D investments, infrastructure advancements as well as technological developments.
Asia Pacific is expected to show rapid growth with a consistent increase in the market share throughout the forecast period, owing to the modernization of airport and improvement of aircraft turnaround time. Furthermore, increase in disposable income, upsurge in tourism industry as well as growing demand for higher operational efficiency are expected to enhance the growth of airport baggage handling system market.
Competitive Landscape:
Some of the major market players of the global airport baggage handling system market include 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. The past endeavors, present developments and futuristic advancements, sum-up to comprehend the overall growth of the airport baggage handling system market.
For instance, in October 2019, the Royal Schiphol Group awarded its future contracts of the baggage handling project to BEUMER Group, with an objective to expand, replace and/or modify Amsterdam Schiphol Airport’s baggage handling system over the coming years.
KEY BENEFITS:
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The airport baggage handling system market report provides a quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep dive analysis of the airport baggage handling system market trend including current and future trends for depicting the prevalent investment pockets in the market.
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The report provides detailed information related to key drivers, restraints, opportunities and their impact on the airport baggage handling system market.
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The report incorporates competitive analysis of the market players along with their market share in the global airport baggage handling system market.
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The study elaborates SWOT analysis and Porters Five Forces model for the airport baggage handling system market.
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Value chain analysis in the airport baggage handling system market study provides a clear picture of the stakeholders’ roles.
KEY MARKET SEGMENTS:
By Airport Class
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Class A
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Class B
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Class C
By Service
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Self Service
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Assisted Service
By Type
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Conveyer
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Destination Coded Vehicle
By Technology
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Barcode
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RFID
By Geography
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North America
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U.S.
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Canada
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Mexico
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Europe
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UK
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Germany
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France
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Russia
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Rest of Europe
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Asia-Pacific
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China
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India
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Japan
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Australia
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Rest of Asia-Pacific
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RoW
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Latin America
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Middle East
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Africa
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REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
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Analysis Period |
2019–2030 |
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Base Year Considered |
2020 |
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Forecast Period |
2020–2030 |
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Market Size Estimation |
Billion (USD) |
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Market Segmentation |
By Service (Assisted Service, Self-Service) By Type (Conveyors, Destination Coded Vehicles) By Technology (Barcode, RFID) |
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Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, Russia, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Rest of the World (Latin America, Middle East, Africa) |
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Companies Profiled |
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. |
KEY PLAYERS:
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Beumer Group
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Siemens AG
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G&S Airport Conveyor
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Daifuku Co. Ltd.
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Vanderlande Industries B.V.
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Pteris Global Limited
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Grenzebach Group
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Fives Group
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Glidepath Group
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Logplan LLC
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