What is Baggage Handling System Market?
The increased focus on enhancing airport operating efficiency, rising air passenger volumes, and substantial innovations in multimodal transportation are the primary factors driving the baggage handling system market. A self-service bag check-in kiosk is currently the trending technology at all the major airports. The emergence of smart cities is being pushed forward by increasing urbanization. Governments in various regions have begun to implement smart city initiatives in order to improve infrastructure, services, and operational activities in public and transportation services (which includes railway, airports, and roadways), hence impacting the demand for baggage handling systems.
The market study is being classified by Type (Conveyor and Destination Coded Vehicle (DCV)) and major geographies with country level break-up.
Siemens (Germany), Vanderlande Industries (Netherlands), Daifuku (Japan), Pteris Global Limited (Singapore), Fives (France), SITA (Switzerland), Beumer Group (Germany), Honeywell International Inc (United States), Logplan (United States), Grenzebach Maschinenbau (Germany) and G&S Airport Conveyor (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Alstef (France) and Bluesmart Inc. (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Baggage Handling System market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Baggage Handling System market by Type, Application and Region.
On the basis of geography, the market of Baggage Handling System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Air Travel
- Rising Smart City Projects
- Growing Maritime Tourism Industry
- Adoption of Advanced Technologies
- High Initial and Maintenance Cost
- Increasing Usage of Destination Coded Vehicles and Robotics
- Rising Number of Airports in Emerging Economy
- Baggage Mishandling
- Fail-safe Systems in Peak Hours
Market Leaders and some development strategies
In April 2020, Vanderlande was formally selected as Heathrow Airport’s strategic baggage partner for the next ten years. The recently signed ‘pan-airport’ agreement will encompass the design, build, operation, and maintenance programs across the Terminals, as well as the baggage control room operations. The partnership will see both organizations further develop an integrated approach, which will build on their existing relationship.
In September 2019, Vanderlande introduced its new UV-C Tray Disinfection solution, designed to help airports make security checkpoints safer for both passengers and employees., and In Feb 2018, Siemens has launched a baggage handling system at Incheon International Airport in South Korea. It has conveyor and sorting technology combined with innovative software.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Baggage Handling System Manufacturer, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Baggage Handling System Market?
"Increase in Air Travel
" is seen as one of major growth factors of Baggage Handling System Market in years to come.
2. Can we have customized study for Baggage Handling System Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.