Baggage Handling System Trends and Forecast
The future of the global baggage handling system market looks promising with opportunities in the check-in, screening, and loading, conveying and sorting, and unloading and reclaim markets. The global baggage handling system market is expected to reach an estimated $14.4 billion by 2030 with a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are rising number of passenger traffic, significant advancements in multimodal transportation methods, and growing focus on improving operational efficiency at airports.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Baggage Handling System by Segment
The study includes a forecast for the global baggage handling system by mode of trasport, tracking technology, type, solution, and region
Baggage Handling System Market by Mode of Transport [Shipment Analysis by Value from 2018 to 2030]:
• Airport
• Railway
• Marine
Baggage Handling System Market by Tracking Technology [Shipment Analysis by Value from 2018 to 2030]:
• Barcode System
• RFID System
Baggage Handling System Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Conveyor
• Destination Coded Vehicle
Baggage Handling System Market by Solution [Shipment Analysis by Value from 2018 to 2030]:
• Check-in, Screening, and Loading
• Conveying and Sorting
• Unloading and Reclaim
Baggage Handling System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Baggage Handling System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies baggage handling system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the baggage handling system companies profiled in this report include-
• Siemens
• Vanderlande Industries
• Daifuku
• Pteris Global Limited
• Beumer
• SITA
Baggage Handling System Market Insights
Lucintel forecasts that conveyor will remain the larger segment over the forecast period as it is considered as the prime transportation medium for baggage.
Within this market, conveying and sorting will remain the largest segment due to rising number of air and marine passengers.
APAC will remain the largest region over the forecast period due to increase in number of passengers traveling and rising number of upcoming airport projects in the region.
Features of the Global Baggage Handling System Market
Market Size Estimates: Baggage handling system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Baggage handling system market size by various segments, such as by mode of transport, tracking technology, type, solution, and region in terms of value ($B).
Regional Analysis: Baggage handling system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different mode of transport, tracking technologies, types, solutions, and regions for the baggage handling system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the baggage handling system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the baggage handling system market size?
Answer: The global baggage handling system market is expected to reach an estimated $14.4 billion by 2030.
Q.2 What is the growth forecast for baggage handling system market?
Answer: The global baggage handling system market is expected to grow with a CAGR of 6.4% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the baggage handling system market?
Answer: The major drivers for this market are rising number of passenger traffic, significant advancements in multimodal transportation methods, and growing focus on improving operational efficiency at airports.
Q4. What are the major segments for baggage handling system market?
Answer: The future of the baggage handling system market looks promising with opportunities in the check-in, screening, and loading, conveying and sorting, and unloading and reclaim markets.
Q5. Who are the key baggage handling system market companies?
Answer: Some of the key baggage handling system companies are as follows:
• Siemens
• Vanderlande Industries
• Daifuku
• Pteris Global Limited
• Beumer
• SITA
Q6. Which baggage handling system market segment will be the largest in future?
Answer: Lucintel forecasts that conveyor will remain the larger segment over the forecast period as it is considered as the prime transportation medium for baggage.
Q7. In baggage handling system market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increase in number of passengers traveling and rising number of upcoming airport projects in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the baggage handling system market by mode of transport (airport, railway, and marine), tracking technology (barcode system and RFID system), type (conveyor and destination coded vehicle), solution (check-in, screening, and loading, conveying and sorting, and unloading and reclaim), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Baggage Handling System Market, Baggage Handling System Market Size, Baggage Handling System Market Growth, Baggage Handling System Market Analysis, Baggage Handling System Market Report, Baggage Handling System Market Share, Baggage Handling System Market Trends, Baggage Handling System Market Forecast, Baggage Handling System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.