Baggage Handling System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Baggage Handling System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Baggage Handling System Market

The baggage handling system market size was valued at USD 8.55 billion in 2019, and the market is now projected to grow from USD 21.52 billion by 2032, exhibiting a CAGR of 6.8% during the forecast period of 2020-2027.

The baggage handling system market growth was deeply affected by the global COVID-19 outbreak, which led to a halt of operations in airport and railway industries as well as marine ports. Aviation business worldwide was significantly affected by revenue loss of about USD 60 billion and could be as high as USD 110 billion if the COVID-19 situation prolongs. This downturn has slowed and jammed equipment systems and their movement. Consequently, there are many barriers to the baggage handling industry regarding recovery. Such effects are forecasted to remain active within the international market shortly.

The increased passenger traffic is due to extensive airline travel promotion and the baggage handling system market share. Based on the IATA, the number of airline passengers is expected to cross 8 billion in 2037 backed by economic liberalization, improved demography and an increase in income per head. Consequently, airports are increasingly opting to purchase new baggage handling equipment and enhance their facilities to boost the passenger experience. This trend can be credited to the market's growth, which is expected to grow for several years in the future.

Moreover, the rising popularity of air travel is supplemented by replacements of airport systems worldwide and the baggage handling system market is seeing a considerable lift from these renovation projects. Automated services such as RFID and intelligent robotic baggage handling equipment are modernizing airports and their services. These innovations are enhancing passenger traffic and the effectiveness of aviation services, resulting in increased utilization of air transport services. The trend demonstrates considerable interest in furthering the contemporary advancement of airport terminals around the globe.

Comprehensive Analysis of Baggage Handling System Market

The baggage handling system market and machinery and equipment industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by types, by technology and by applications. The type includes, Destination coded vehicle (DCV) and Conveyor. The technology includes, Radio-Frequency Identification (RFID) and Barcode. The application includes, Airport, Railway and Marine.

The Asia Pacific region is poised to dominate the baggage handling system market due to surging air and cruise passenger traffic and extensive airport renovation projects. Rising investments in railway infrastructure and economic growth across countries such as India, Singapore and China fuel demand for advanced systems. Authorities invest in cutting-edge technology and form partnerships to gain a competitive edge.

The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include key players in the baggage handling system market include Vanderlande Industries, Siemens, Daifuku Co., Ltd., BEUMER GROUP, Pteris Global Limited, SITA, Fives, Babcock International Group PLC, Smiths Detection Group Ltd., G&S Airport Conveyor, B2A Group and Logplan. These market players provide a level-playing competitive landscape.

In September 2019, Siemens upgraded the previously crafted inspection system for luggage control at Madrid, Barcelona, Malaga, Palma de Mallorca and Gran Canaria Airport across Spain for approximately USD 175 million. The modern solution referred to as Hi-SCAN 10080 XCT will assist in enhancing the security standards of the ECAC.

Segmentation Table

Global Baggage Handling System Market Scope

Study Period2016 – 2027

Base Year2019

Forecast Period2020 – 2027

Growth RateCAGR of 6.8% from 2020 to 2027

Historical Period2016-2018

UnitValue (USD billion)

SegmentationBy Type, Technology, Application, and Region

By TypeDestination coded vehicle (DCV)

Conveyor

By TechnologyRadio-Frequency Identification (RFID)

Barcode

By ApplicationAirport

Railway

Marine

By RegionNorth America (U.S. and Canada)

Europe (Germany, U.K., France and Rest of Europe)

Asia Pacific (China, India, Japan, Southeast Asia and Rest of Asia Pacific)

Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Latin America (Brazil, Mexico and Rest of Latin America)


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