Baggage Handling System Market - PowerPoint PPT Presentation

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Baggage Handling System Market

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The baggage handling system market is projected to grow at a CAGR of 7.28%, from USD 8.4 billion in 2018 to USD 13.7 billion by 2025. The increasing focus on improving operational efficiency at airports, growing air passenger volume, and significant developments in intermodal transport are the major factors which will drive the market. – PowerPoint PPT presentation

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Title: Baggage Handling System Market


1
Baggage Handling Systems Market Size, Status,
Global outlook (2019 - 2025)
  • https//www.marketsandmarkets.com/Market-Reports/b
    aggage-handling-system-market-222241953.html

2
According to the new market research
report "baggage handling system market by mode
(airport, marine, rail), solution (check-in,
screening load, conveying sorting, unload
reclaim), check-in (assisted, self), conveying
(conveyor, DCV), tracking (barcode, RFID) and
region - global forecast to 2025", The global
baggage handling system market is projected to
reach USD 13.7 billionby 2025 from USD 8.4
billion in 2018, at a CAGR of 7.28. The growing
focus on improving air connectivity and the
development of intermodal transport will drive
the baggage handling system market. Additionally,
the rising smart city projects and growing
maritime industry are also expected to drive the
demand for baggage handling systems. Factors such
as complex architecture and high level of initial
investments are restricting the growth of this
market. However, an increase in passenger and
cargo traffic with a limited airport space
provides new growth opportunities for the market
players.
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    sp?id222241953

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3
Conveying and sorting to be the largest segment,
by solutionThe conveying and sorting segment is
projected to lead the baggage handling system
market, by solution. According to primary
insights, sorting is the heart of the total
baggage handling system. The exponential increase
in air and marine passenger volume for domestic
and international travels worldwide has
encouraged baggage handling system manufacturers
to find ways to improve existing baggage handling
technologies with automated sorting. According to
société internationale de télécommunications
aéronautiques (SITA), with a rise in automation
reflected in increasing use of conveyor systems,
the rate of baggage mishandling reduced in 2018
compared to 2017.
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4
RFID system to be the fastest growing segment for
baggage handling system market, by tracking
technologyThe airline industry is a customer
service oriented industry, which leads to immense
competition. Today, the key challenge for the
airport industry is to reduce baggage
mishandling. Baggage mishandling can lead to
customer dissatisfaction. According to the
ministry of civil aviation, between november
2016 and june 2018, domestic indian airlines
received 763 grievances related to baggagethe
fourth highest after complaints about flight
delays, ticket fares, and check-in and boarding.
In response to that, companies and authorities
are focusing on the development of an effective
baggage handling system. For instance, the
international air transport association (IATA)
has been working toward 'resolution 753'.
5
Key Market players
The Baggage Handling System Market is dominated
by few global players and comprises several
regional players as well. The key players in the
Baggage Handling System Market are Siemens
(Germany), Vanderlande Industries (Netherlands),
Daifuku (Japan), Pteris Global Limited
(Singapore), BEUMER (Germany), and SITA
(Switzerland). Dont miss out on business
opportunities in Baggage Handling System Market.
Speak to our analyst and gain crucial industry
insights that will help your business grow.
6
Asia oceania to be the largest market for baggage
handling systemsAsia oceania is expected to
provide lucrative opportunities in the baggage
handling system market. Factors such as strong
economic growth, increasing focus on development
of smart cities, and favorable government
policies for improving air connectivity have
triggered the demand for baggage handling systems
in the region. Due to the ever-growing air
passenger traffic, china accounts for the highest
market share of the total asia oceania baggage
handling system market. Additionally, with a
significant focus of the government on
development of new airports, india is expected to
play a key role in the baggage handling system
industry in the asia oceania region
7
ContactMr. Shelly SinghMarketsandMarkets
INC.630 Dundee RoadSuite 430Northbrook, IL
60062USA 1-888-600-6441sales_at_marketsandmarkets
.comhttps//twitter.com/marketsmarketsHTTPS//WW
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