Baggage handling system is an integral part of any commercial airport and the operational efficiency of an airport is largely dependent on this system.
Baggage handling system is an integral part of any commercial airport and the operational efficiency of an airport is largely dependent on this system. A smartly designed baggage handling system helps in improving passenger convenience while reducing the aircraft turnaround time.
This system includes conveyors, identification devices, screening devices, sortation devices, and destination-coded vehicles. The baggage handling system market is estimated to be valued at USD 6.45 Billion in 2015 and is projected to reach USD 9.36 Billion by 2020, at a CAGR of 7.72% during the forecast period from 2015 to 2020.
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This sample pages will help the baggage handling system manufacturers, suppliers, retailers, and distributers to identify hot revenue pockets in this market. It will also help the sub-component manufacturers, such as x-ray screening device manufacturers, induction motor manufacturers, software developers, etc., to recognise the market potential as well.
The major players in the market include Siemens AG (Germany), Vanderlande Industries (Netherland), Daifuku Company Ltd (Japan), Pteris Global Limited (Singapore), Beumer Group (Germany), Grenzebach Maschinenbau GMBH (Germany), BCS Group (New Zealand), Logplan LLC (U.S.), G&S Airport Conveyor (U.S.), and Fives Group (France), etc.
The baggage handling system market in this report is divided into six major regions, namely, North America, Europe, Asia-Pacific, Middle East, Latin America, and Africa. The Asia-Pacific market is anticipated to hold 32.25% of the global market share with a market size of USD 2.07 Billion in 2015. Apart from accounting for the maximum market share, the Asia-Pacific market is also projected to grow at the highest CAGR during the forecast period from 2015 to 2020.
The growth in the baggage handling system market can be attributed to various factors, such as the increase in air travel by people all over the world, modernisation of airports, need to improve aircraft turnaround time, and improvement of airports’ efficiency. However, aspects, such as complex architecture of baggage handling system and high investment that is needed, may limit the growth of this market. PDF brochure @ http://bit.ly/2mU3fxn
The system with the above 6000 baggage processing capacity is expected to account for 49.97% of the total baggage handling system market, followed by the system with 3000 to 6000 baggage processing capacity, which is expected to account for 35.47% of the total baggage handling system market in 2015.