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Friday, June 24, 2022

Global Airport Baggage Handling System Market To Be Driven At A CAGR Of 8.4% In The Forecast Period Of 2022-2027

 The new report by Expert Market Research titled, ‘Global Airport Baggage Handling System Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global airport baggage handling system market, assessing the market based on its segments like type, technology, airport class, service, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 8.4%

The growth of the global market for airport baggage handling system is projected to be driven in association with the rapidly developing airline industry. The growing government investment in developing new and modernising existing airports is likely to bolster the demand for baggage handling systems. Additionally, the increasing regulations for security measures along with demand for high-speed, and efficient baggage systems are likely to aid the market growth further. Moreover, increasing research and development in integrating various technologies such as remote queue management system, automated kiosk, and remote check-ins, among others is likely to increase the demand for the airport baggage handling systems over the forecast period.

Market Segmentation

The airport baggage handling systems refer to conveyor systems in airports used in transferring checked luggage from ticket counters to be loaded in the airplane. The baggage handling systems use technologies such RFID sensors and bar code scanners among others for tracking and processing the luggage.

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By type, the market is classified into:

• Conveyors
• Destination Coded Vehicles
• Others

By technology, the market is segmented into:

• Barcode
• Others

By airport class, the market is divided into:

• Class A
• Class B
• Class C

By service, the market is segmented into:

• Self-Service
• Assisted Service
• Others

The regional markets for airport baggage handling system include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

Regionally, North America is anticipated to dominate the global market for airport baggage handling. This can be attributed to the presence of vast air transportation sector. Meanwhile, Asia Pacific is protected to witness the fastest growth rate over the forecast period owing the rapidly developing aviation industry in various emerging economies such as China and India. Additionally factors such as increasing disposable incomes, growing tourism industry, rising government investment in developing airports and expanding air traffic are expected to bolster the demand for airport baggage handling systems over the coming years.

Key Market Players

The major players in the market are Siemens AG, CIMC Tianda Holdings Co. Ltd, Leonardo S.p.A., Logplan LLC, Vanderlande Industries B.V., BEUMER Group, G&S Airport Conveyer, and a few others.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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