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.
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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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