The report provides an overview of the “AIRPORT BAGGAGE HANDLING SYSTEMS Market” industry including definitions, division, key vendors, key Development and market challenges. The AIRPORT BAGGAGE HANDLING SYSTEMS Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global AIRPORT BAGGAGE HANDLING SYSTEMS Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.
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The airport baggage handling systems market was valued at USD 47.85 billion in 2018, and it is expected to reach USD 65.67 billion by 2024, while recording a CAGR of 5.26% during the forecast period, 2019-2024.
Worldwide air travel has grown at a historically sharp pace over the past two decades, with year-over-year passenger travel growth for the past five years averaging at 6.2%. Low air fares, growing living standards, and a growing middle class in large emerging markets, such as China and India, are major contributors to increased air travel. The increased traffic growth in the Asia-Pacific region is leading to an increased demand for more efficient airport baggage-handling systems in the region, and this is expected to help the market during the forecast period.
The increasing emphasis on airport security, as well as advanced technologies, in terms of passenger baggage screening, is expected to lead to the growth in the market in the years to come.
Establishing of new airports, as well as terminal expansion, is expected to provide growth opportunities for the market in the years to come.
Scope of the Report
A baggage handling system or a BHS is a type of a conveyor system that is installed in an airport and enables to transport the passenger baggage from ticket counter areas to the area where the baggage is loaded on the aircraft. BHS, additionally, helps in transporting the checked baggage, which is unloaded from the aircraft to the baggage claim area.
The AIRPORT BAGGAGE HANDLING SYSTEMS Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. AIRPORT BAGGAGE HANDLING SYSTEMS Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
Airport Capacity Segment in Between 25 to 40 million is Projected to Grow at a High Pace
Currently, the airport capacity segment in between 25 to 40 million is projected to have the largest share out of all the segments. Airports with a passenger handling capacity of 25-40 million have grown, with new airports entering this segment from the 15-25 million segment. The growing air travel demand, especially in Asia-Pacific, has forced several smaller airports to increase their passenger handling capacities. Chongqing Airport, Seoul Gimpo Airport, and Tokyo Narita Airport were among the top airports with passenger handling capacities of almost 40 million by the end of 2017. Earlier in March 2017, Narita International Airport introduced a new self-check-in baggage machine at the airport. Thus, the focus is currently on this segment, which is the reason for its expected high CAGR.
South America is Expected to Experience the Highest Growth
In the airport baggage handling system market, regionally, Asia-Pacific is generating the highest revenue currently. Brazil and Argentina are the largest markets for baggage handling systems in South America. The South American aviation industry improved in 2016 and 2017, after a difficult year in 2015, when the aviation industry had to incur significant losses, due to the economic crisis in Brazil, which led to adverse currency fluctuations and weak commodity prices. With the introduction of the smart airport concept, airports, globally, are shifting toward automation. As the airports are being modernized in Argentina, demand is expected to be generated for new baggage handling systems that can increase the efficiency of airport terminal operation, thus having a positive impact on the growth of the market.
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Detailed Table of Content of Global AIRPORT BAGGAGE HANDLING SYSTEMS Market – Growth, Trends, Forecast and Challenges (2019 – 2024)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of AIRPORT BAGGAGE HANDLING SYSTEMS Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of AIRPORT BAGGAGE HANDLING SYSTEMS Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global AIRPORT BAGGAGE HANDLING SYSTEMS Market Segmentation, By Capacity
7. Global AIRPORT BAGGAGE HANDLING SYSTEMS Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global AIRPORT BAGGAGE HANDLING SYSTEMS Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of AIRPORT BAGGAGE HANDLING SYSTEMS Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
And Many More….
No. of Pages: – 114
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