The airport baggage handling system
market has expanded as a result of anticipated growth in air
travel, renewal of airports, technological advancement, utilization
of robotization in the airport.
PORTLAND,
Ore., May 27, 2024 /PRNewswire/ --
Allied Market Research published a report, titled,
"Airport Baggage Handling System
Market by Airport Class (Class A, Class
B, and Class C), Service (Self-Service and Assisted Service), Type
(Conveyors and Destination Coded Vehicles), and Technology (Barcode
and RFID): Global Opportunity Analysis and Industry Forecast,
2023-2032". According to the report, the airport
baggage handling system market was valued at $9.5 billion in 2022, and is estimated to reach
$17.5 billion by 2032, growing at a
CAGR of 6.6% from 2023 to 2032.
Prime Determinants of
Growth
Expansion in air travel worldwide leads to
increased demand for efficient baggage handling systems to manage
the flow of luggage through airports. Airports are constantly
upgrading their infrastructure to enhance passenger experience and
operational efficiency. Modernization projects often include
investment in advanced baggage handling systems. Heightened
security measures drive the adoption of baggage handling
technologies capable of ensuring compliance with regulations while
maintaining operational efficiency. Innovations such as automated
sorting systems, RFID tracking, and artificial intelligence improve
the speed, accuracy, and reliability of baggage handling, driving
market growth. Passengers expect smooth transitions throughout
their journey, including baggage handling. Airports invest in
systems that minimize lost luggage and reduce wait times at baggage
claim areas.
Request Sample of the Report on Airport Baggage
Handling System Market Forecast 2032
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Report Coverage &
Details:
Report Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base Year
|
2022
|
Market Size In
2022
|
$9.5 Billion
|
Market Size In
2032
|
$17.5
Billion
|
CAGR
|
6.6 %
|
No. Of Pages In
Report
|
485
|
Segments
Covered
|
Airport Class, Service,
Type, Technology, And Region.
|
Drivers
|
Anticipated Growth In
Air Travel
|
Renewal Of
Airports
|
Technological
Advancement
|
Opportunity
|
Utilization Of
Robotization In Airports
|
Restraints
|
High Upfront And
Maintenance Cost Of Baggage Handling System (BHS)
|
High Consequences Of
System Failure
|
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Impact of Russia-Ukraine War
Scenario
- The conflict between Ukraine and Russia may disrupt the supply chain for
automotive components, including those related to climate control
systems. Ukraine and Russia are significant producers of raw
materials, components, and electronics used in automotive
manufacturing. Any disruptions to production or transportation
routes can lead to shortages of critical components, impacting the
availability of climate control systems.
- Automotive manufacturing facilities in Ukraine or Russia may face disruptions or damage due to
the conflict. If production facilities are affected, it can lead to
delays in the production of vehicles and automotive components,
including climate control systems.
The class A segment to maintain its
leadership status throughout the forecast period
On the basis of airport type, the class A
segment held the highest market share in 2022, accounting for more
than two-thirds of the global airport baggage handling system
market revenue. This is attributed class A systems being ideal for
busy airports with high passenger flow since they are designed to
handle big volumes of baggage effectively. These technologies
ensure smooth operations even during periods of high travel demand,
processing and sorting hundreds of bags each hour. However, the
class C segment is projected to manifest the fastest CAGR of 8.9%
from 2023 to 2032, This is attributed to class B systems offering a
balance between capacity and cost, making them attractive to
medium-sized airports looking for efficient baggage handling
solutions without the high investment associated with class A
systems. The affordability of class B systems appeals to airports
operating within constrained budgets.
The assisted service segment to maintain
its leadership status throughout the forecast period
On the basis of service, the assisted
service segment held the highest market share in 2022, accounting
for more than four-fifths of the global airport baggage handling
system market revenue. This was attributed to assisted service
solutions offering a balance between automation and manual labor,
making them more cost-effective compared to fully automated systems
(Class A) that require significant upfront investment. This
affordability appeals to airports with budget constraints seeking
efficient baggage handling solutions. However, the self-service
segment is projected to manifest the fastest CAGR of 13.2% from
2023 to 2032. This is attributed to the fact that self-service
baggage handling options give travelers more convenience and
control over their belongings, making their trips more customized
and effective. The option for travelers to self-check in and tag
their own bags minimizes wait times and lessens reliance on airport
employees.
The conveyors segment to maintain its
leadership status throughout the forecast period
On the basis of type, the conveyors segment
held the highest market share in 2022, accounting for more than
two-thirds of the global airport baggage handling system market
revenue. This was due to conveyor systems being scalable and
adaptable to different airport configurations, layouts, and
operating needs. They can handle a variety of baggage kinds, such
as checked baggage, carry-ons, and unique things such as fragile or
enormous baggage. However, the destination-coded vehicles segment
is projected to manifest the fastest CAGR of 8.8% from 2023 to
2032. This is attributed to advanced sensors and communication
technologies being installed in destination coded vehicles allow
for real-time tracking and monitoring of baggage movements. The
entire baggage handling procedure is visible to and controlled by
airport operators.
The barcode segment to maintain its
leadership status throughout the forecast period
On the basis of technology, the barcode
segment held the highest market share in 2022, accounting for more
than two-thirds of the global airport baggage handling system
market revenue and is estimated to maintain its leadership status
throughout the forecast period. This was due to baggage processing
at airport checkpoints, such as check-in, security screening,
sorting, and loading, made effective and quick by barcode
technology. Data entry by hand is minimized and processing times
are shortened when barcode labels are scanned. However, the
commercial platforms segment is projected to manifest the fastest
CAGR of 9.1% from 2023 to 2032. This is attributed to RFID enabling
automated and real-time tracking of baggage throughout its journey
within the airport. RFID tags embedded in baggage contain unique
identification codes that can be read by RFID readers at various
checkpoints, reducing the need for manual scanning and improving
operational efficiency.
North
America to maintain its dominance by 2032
On the basis of region, North America held the highest market share in
terms of revenue in 2022, accounting for more than one-third of the
global airport baggage handling system market revenue. This is
attributed to the fact that airports in North America are equipped with modern
infrastructure and facilities, including advanced baggage handling
systems. Many airports have undergone significant renovations and
expansions to accommodate growing passenger volumes and meet
industry standards for efficiency and passenger experience.
However, Asia-Pacific is expected
to witness the fastest CAGR of 7.5% from 2023 to 2032. This growth
is attributed to Asia-Pacific's
airports expanding and modernizing extensively to handle an
increase in travelers and boost productivity. This covers
expenditures on automated systems to expedite luggage processing
and cutting-edge baggage handling technologies.
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Leading Market Players: -
- BEUMER Group
- Daifuku Co. Ltd.
- Fives Group
- G&S Airport Conveyor
- Glidepath Group LLC
- Grenzebach Group
- LOGPLAN, LLC
- pteris global limited
- Siemens AG
- vanderlande industries b.v.
The report provides a detailed analysis of
these key players in the global airport baggage handling system
market. These players have adopted different strategies such as
expansion and product launch to increase their market share and
maintain dominant shares in different regions. The report is
valuable in highlighting business performance, operating segments,
product portfolio, and strategic moves of market players to
showcase the competitive scenario.
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