Commercial Airport Baggage Handling System: Trends, Opportunities and Competitive Analysis
Commercial Airport Baggage Handling System Market Trends and Forecast
The future of the global commercial airport baggage handling system market looks promising with opportunities in the conveyor system, scanner, and sorting device. The global commercial airport baggage handling system market is forecast to grow at a CAGR of 9.8% from 2021 to 2027. The major drivers of growth for this market are modernization of airports and rise in terminal expansion program.
Emerging Trends in the Commercial Airport Baggage Handling System Market
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of home-printed bag tag solutions, development of auto bag drop solutions, and hybrid check-in system.
A total of 58 figures / charts and 35 tables are provided in this 139-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global commercial airport baggage handling system market report, please download the report brochure.
Commercial Airport Baggage Handling System Market by Segments
Lucintel forecasts that conveyor segment will remain the largest segment by component type and is expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global commercial airport baggage handling system market by sorting technology, components, and region, as follows:
Commercial Airport Baggage Handling System Market by Sorting Technology ($ Billion Shipment Analysis from 2016 to 2027):
- Barcode System
- RFID System
- Conveyor System
- Scanner
- Sorting Device
- Destination Coded Vehicle
- North America
- Europe
- Asia Pacific
- The Rest of the World
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies commercial airport baggage handling system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the commercial airport baggage handling system companies profiled in this report includes.
- Vanderlande Industries B.V.
- Siemens AG
- Beumer Group
- Daifuku
- Pteris
- Lucintel forecasts that conveyor system segment will remain the largest region and is also to witness the highest growth over the forecast period due to rise in the number of air passengers and the increasing need for efficient transportation and storage of baggage.
- Europe is expected to remain the largest market due to tightening of the airport security standards and increasing investments in the terminal expansions, whereas Asia Pacific and Rest of the World are expected to witness significant growth over the forecast period because of growth in the passenger traffic, setting up of new airports, and huge demand for airport infrastructural improvement.
- Market Size Estimates: Global commercial airport baggage handling system market size estimation in terms of value ($B) shipment.
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments.
- Segmentation Analysis: Global commercial airport baggage handling system market size by various segments, such as by sorting technology and components in terms of value.
- Regional Analysis: Global commercial airport baggage handling system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different segments by sorting technology, components, and regions for the global commercial airport baggage handling system market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global commercial airport baggage handling system market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model
Q1. What is the commercial airport baggage handling system market size?
Answer: The global commercial airport baggage handling system market is expected to reach an estimated $2.0 billion by 2027.
Q2. What is the growth forecast for commercial airport baggage handling system market?
Answer: The commercial airport baggage handling system market is expected to grow at a CAGR of 9.8% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the commercial airport baggage handling system market?
Answer: The major drivers for this market are modernization of airports and rise in terminal expansion program.
Q4. What are the major sorting technology or end use industries for commercial airport baggage handling system?
Answer: Barcode system is the major segment by sorting technology for commercial airport baggage handling system.
Q5. What are the emerging trends in commercial airport baggage handling system market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of home-printed bag tag solutions, development of auto bag drop solutions, and hybrid check-in system.
Q6. Who are the key commercial airport baggage handling system companies?
Answer: Some of the key commercial airport baggage handling system companies are as follows:
- Vanderlande Industries B.V.
- Siemens AG
- Beumer Group
- Daifuku
- Pteris
Answer: Lucintel forecasts that conveyor system segment will remain the largest region and is also to witness the highest growth over the forecast period due to rise in the number of air passengers and the increasing need for efficient transportation and storage of baggage.
Q8. In commercial airport baggage handling system market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest market due to tightening of the airport security standards and increasing investments in the terminal expansions, whereas Asia Pacific and Rest of the World are expected to witness significant growth over the forecast period because of growth in the passenger traffic, setting up of new airports, and huge demand for airport infrastructural improvement.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising growth opportunities for the global commercial airport baggage handling system market by sorting technology (barcode system, and RFID system), components (conveyor system, scanner, sorting device, and destination coded vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M&A activity has occurred in the last five years?
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- 1. Executive Summary
- 2. Market Background and Classifications
- 2.1: Introduction, Background, and Classifications
- 2.2: Supply Chain
- 2.3: Industry Drivers and Challenges
- 3. Market Trends and Forecast Analysis from 2016 to 2027
- 3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
- 3.2: Global Electric Vehicle Market Trends (2016-2021) and Forecast (2022-2027)
- 3.3: Global Electric Vehicle Market by Propulsion Type
- 3.3.1: Battery Electric Vehicles
- 3.3.2.:Hybrid and Plug-in Hybrid Electric Vehicles
- 3.4: Global Electric Vehicle Market by Vehicle Type
- 3.4.1: Small Cars
- 3.4.2: Compact Cars
- 3.4.3: Mid-size Car
- 3.4.4: Luxury Cars
- 3.4.5: SUVs and Crossovers
- 3.4.6: Others
- 3.5: Global Electric Vehicle Market by Component Type
- 3.5.1: Independent Drive Component
- 3.5.2: Battery
- 3.5.3: Motor and Gearbox
- 3.5.4: Charger
- 3.5.5: Others
- 4. Market Trends and Forecast Analysis by Region from 2016 to 2027
- 4.1: Global Electric Vehicle Market by Region
- 4.2: North American Electric Vehicle Market
- 4.2.1: North American Electric Vehicle Market by Propulsion Type
- 4.2.2: North American Electric Vehicle Market by Vehicle Type
- 4.2.3: North American Electric Vehicle Market by Component Type
- 4.2.4: United States Electric Vehicle Market
- 4.2.5: Canadian Electric Vehicle Market
- 4.2.6: Mexican Electric Vehicle Market
- 4.3: European Electric Vehicle Market
- 4.3.1: European Electric Vehicle Market by Propulsion Type
- 4.3.2: European Electric Vehicle Market by Vehicle Type
- 4.3.3: European Electric Vehicle Market by Component Type
- 4.3.4: German Electric Vehicle Market
- 4.3.5: French Electric Vehicle Market
- 4.3.6: United Kingdom Electric Vehicle Market
- 4.3.7: Netherlands Electric Vehicle Market
- 4.3.8: Norwegian Electric Vehicle Market
- 4.4: APAC Electric Vehicle Market
- 4.4.1: APAC Electric Vehicle Market by Propulsion Type
- 4.4.2: APAC Electric Vehicle Market by Vehicle Type
- 4.4.3: APAC Electric Vehicle Market by Component Type
- 4.4.4: Chinese Electric Vehicle Market
- 4.4.5: Japanese Electric Vehicle Market
- 4.4.6: Korean Electric Vehicle Market
- 4.4.7: Australian Electric Vehicle Market
- 4.5: ROW Electric Vehicle Market
- 4.5.1: ROW Electric Vehicle Market by Propulsion Type
- 4.5.2: ROW Electric Vehicle Market by Vehicle Type
- 4.5.3: ROW Electric Vehicle Market by Component Type
- 4.5.4: South African Electric Vehicle Market
- 4.5.5: Brazilian Electric Vehicle Market
- 5. Competitor Analysis
- 5.1: Product Portfolio Analysis
- 5.2: Geographical Reach
- 5.3: Porter’s Five Forces Analysis
- 6. Growth Opportunities and Strategic Analysis
- 6.1: Growth Opportunity Analysis
- 6.1.1: Growth Opportunities for the Global Electric Vehicle Market by Propulsion
- 6.1.2: Growth Opportunities for the Global Electric Vehicle Market by Vehicle
- 6.1.3: Growth Opportunities for the Global Electric VehicleMarket by Component
- 6.1.4: Growth Opportunities for the Global Electric Vehicle Market by Region
- 6.2: Emerging Trends in the Global Electric Vehicle Market
- 6.3: Strategic Analysis
- 6.3.1: New Product Development
- 6.3.2: Capacity Expansion of the Global Electric Vehicle Market
- 6.3.3: Technology Development
- 6.3.4: Mergers and Acquisitions in the Global Electric Vehicle Industry
- 7. Company Profiles of Leading Players
- 7.1: Tesla Inc.
- 7.2: General Motors
- 7.3: Nissan Motor Co., Ltd.
- 7.4: Mitsubishi Motors
- 7.5: Volkswagen AG
- 7.6: Bayerische Motoren Werke AG (BMW)
- 7.7: Ford Motor Company
- 7.8: Mercedes Benz
- 7.9: Hyundai Motor Company
- 7.10: Kia Motors
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