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Commercial airports baggage handling systems to expand at a CAGR of 8.50%
The global commercial airport baggage handling system market is primarily driven by the modernization of the existing airport infrastructure and increasing number of new airport terminals. However, factors such as inefficient estimation of the complexity of the project and lack of planning in design and deployment hinder the market growth. Moreover, a smart-designed luggage handling system helps to improve passenger convenience thereby reducing the aircraft turnaround time says Mr.Omkar Harane a research analyst at Infinium global research. Furthermore, advanced BHS perform luggage screening, sorting and tagging by reducing chances of robbery and misplacement. On the other hand, accuracy in baggage handling and reduction in error scope is expected to provide positive impact on the overall industry growth. According to The International Air Transport Association (IATA), 7.8 billion passengers are expected to travel in 2036, which represents a near double of almost 4 billion air travelers that are expected to fly by the end of 2017. The prediction is based on an average CAGR of 3.6% during the association’s 20-Year Air Passenger Forecast. This implies that the world needs to concoct for a doubling number of air travel passengers in the next twenty years. It is also a huge challenge for both the governments and aerospace industry to ensure that they can successfully meet this essential demand including transit and baggage Management. The increasing pull will be from the Asia-Pacific region reflecting the source of more than half the new passengers over the next two decades. China is expected to overplay the U.S. as the world’s largest aviation market in next five years by the end of 2022. Furthermore, The UK will fall to fifth place, outdone by India by 2025, and Indonesia by 2030. Thailand and Turkey will be one of the top 10 markets, on another hand France and Italy will fall in the rankings below 10. In proportional to the increasing passenger growth, the passenger baggage is also expected to increase significantly, which will also create opportunities for the deployment of new and advanced baggage handling systems.
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Asia pacific has dominated the growth in commercial airports baggage handling systems market
Asia-pacific region is expected to dominate the market contributing over 31.63% in 2017. The Asia Pacific was followed by North America, which is characterized by intra-continental transit and inbound international traffic. Moreover, the growth of the market is supported by the factors such as increasing number of air passengers, airport modernization and new airport projects, and government support. On the other hand, developing countries such as China and India are undergoing the multiple airport development projects, which further have increased the demand for commercial airport baggage handling systems in this region.
The leading companies identified in the market are Siemens, Vanderlande Industries, G&S Airport Conveyor, Daifuku and Glide path. Moreover, vanderlande signs an agreement with Vancouver airport in order to reach capacity, termination, and flexibility required for the design and execution of baggage handling in the upcoming years. The Heathrow airport in London, the busiest in the European continent is experiencing development for the construction of both Greenfield and Brownfield airports, which is expected to drive the demand for commercial airports baggage handling systems.
The report on global commercial airports baggage handling systems market covers segments such as technology, airport class, service type, and type. The technology segments include barcode system, and RFID system. On the basis of airport class the global commercial airports baggage handling systems market is categorized into class A, class B, and class C. Furthermore, on the basis of service type the commercial airports baggage handling systems market is segmented as self-service and assisted service. On the basis of type the commercial airports baggage handling systems market is segmented as destination-coded vehicles, and conveyors.
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The report provides profiles of the companies in the global commercial airports baggage handling systems market such as, Daifuku Company, Ltd., Beumer Group, G&S Airport Conveyer, Grenzebach Maschinenbau GmbH, BCS Group, Logplan LLC, Siemens AG, Pteris Global Limited, Fives Group, and Vanderlande Industries.