Press release
Baggage Handling System Market Size is anticipated to grow at a 6.9% CAGR during 2021-2027
Baggage Handling System Market
Factors attributing to the growth of the baggage handling system market include rising emphasis to enhance operational efficiency at airports, rising air passenger volume, and substantial advancements in intermodal transport and smart cities will accelerate the growth of the market.
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Moreover, the modernization of new airports, technological development like radio-frequency identification (RFIS) and destination-coded vehicle system (DCV), and utilization of robotization in the airports will create growth opportunities in the baggage handling system market.
COVID-19 Analysis:
The COVID-19 outbreak has had an adverse impact on the baggage handling system owing to the lockdown imposed by governments of various countries. This has resulted in a temporary halt in the operation activities of airports, marine, and railways during the pandemic.
Market Segmentation:
Based on technology, the RFID system is anticipated to have significant growth during the forecast period as it is cost-effective and reliable technology and enhances the baggage handling process. The barcode is anticipated to have the highest market share during the forecast period as it is utilized by many airline companies globally. These are cheap and simple to use. Also, some airports have both barcode and RFID-tagged baggage systems.
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Regional Analysis:
Asia-Pacific contributes the largest share in the baggage handling system market owing to rising expenditure by the government on infrastructure. Also, rising air passenger volume, forthcoming airport projects, increasing opportunity for multimodal transport, and presence of the cruise industry will accelerate the growth in the region.
Recent News & Developments:
In June 2021, Siemens Logistics, based in Germany, has created the VarioBelt TilterPlus, a new belt conveyor for transferring baggage at airports. The tilting device on the VarioBelt TilterPlus allows the conveyor to move the baggage in a linear direction as well as to the left and right. The three-way sorting system will result in a smaller footprint because fewer machines will be required for the luggage handling system. The solution enables airport operators to scale up their systems in a modular fashion. Because of this flexibility, the operators can change the system to meet the needs of the airport, such as passenger volume.
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Market Players:
The prominent players in the baggage handling system industry include Siemens, Vanderlande Industries, Daifuku Company, Pteris Global, Beumer Group, Grenzebach Maschinenbau, BCS Group, Logplan, G&S Airport Conveyor, and Fives Group.
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