“Airport Baggage Handling System Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on airport baggage handling system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for airport baggage handling system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The airport baggage handling system market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Conveyors; Destination Coded Vehicles
- 2) By Solution: Check-In; Screening And Load; Conveying And Sorting; Unload And Reclaim
- 3) By Service: Assisted Service; Self-Service
- 4) By Technology: Barcode; RFID (Radio Frequency Identification)
- 5) By Application: Airport; Railway; Marine; Other Applications
- Companies Mentioned: Beumer Group; Daifuku Co Ltd; Fives Group; G&S Airport Conveyor; Glidepath Limited
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the airport baggage handling system market are: Beumer Group, Daifuku Co Ltd., Fives Group, G&S Airport Conveyor, Glidepath Limited, Grenzebach Maschinenbau GmbH, Logplan LLC, Pteris Global Limited, Siemens AG, Vanderlande Industries BV, SITA, BCS Group, Ansir Systems, Babcock International Group, and Leonardo SpA.
The global airport baggage handling system market is expected to grow from $7.55 billion in 2022 to $8.18 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The airport baggage handling system market is expected to reach $10.89 billion in 2027 at a CAGR of 7.4%.
The airport baggage handling system market consists of revenues earned by entities by providing security-related luggage screening, load balance, volume control, and bag tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The airport baggage handling system refers to the composition of many procedures and inspections. It is intended to transfer bags via an airport conveyor belt system, count bags, weigh bags, balance loads, screen baggage for security, and automatically scan bag information.
North America was the largest region in the airport baggage handling system market in 2022. The regions covered in the airport baggage handling system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main product types of airport baggage handling systems are conveyors and destination-coded vehicles. The conveyor is a mechanical handling device for quickly and effectively moving loads and materials automatically around a space. The conveyors are used to move passenger bags aboard the flight and transport luggage from check-in to the check-out point. It provides solutions such as check-in, screening and load, conveying and sorting, unload and reclaim, and services such as check-in, screening and load, conveying and sorting, and unload and reclaim. The technologies incorporate are barcode, and RFID (radio frequency identification) providing, that are used in airport, railway, marine, and others.
The increase in air traffic is expected to propel the growth of the airport baggage handling system market. Air traffic refers to aircraft movements at airports. The reasons for the increase in air traffic are economic and demographic growth, rising income levels, the need for faster transportation of goods, and others. The demand for airport baggage handling systems will rise in response to the increasing air traffic to support crowded airport operations and reduce lead times for aircraft and at airports. For instance, according to the May 2022 passenger data published by the IATA (International Air Transport Association), a trade association for the world's airlines, total air traffic was up 83.1% compared to May 2021, mostly driven by a strong recovery in international traffic. Worldwide air traffic is now at 68.7% of pre-pandemic levels. Further, in May 2022, international traffic grew 325.8% versus May 2021. Therefore, an increase in air traffic is expected to drive the growth of the airport baggage handling systems market.
Technological advancement in airport baggage handling systems is a key trend gaining popularity in the airport baggage handling system market. The major players in the market and airports are integrating advanced technologies in baggage handling systems, such as near-field communication (NFC) and radio frequency identification (RFID), to provide automated check-in and baggage handling services. For instance, in June 2022, Delhi Airport, an Indian primary international airport, introduced BAGG TRAX, an RFID-enabled tagging technology to track passenger luggage in real-time during every stage of transfer. Upon registering, the tag needs to be put into check-in luggage, and passengers will receive updates on their phones when the baggage arrives at the airport and is ready to be picked up at the designated baggage belt. This system is projected to reduce the amount of lost or delayed baggage and time, which now costs airlines billions of dollars annually.
In August 2022, Belt Power LLC, a US-based wholesaler and distributor of conveyor belts and conveyor belt components, acquired the assets of Engineered Components, Inc. for an undisclosed amount. This acquisition would accelerate Belt Power's organic growth strategy in a highly dynamic industry and increase its national competence in the material handling vertical. Engineered Components, Inc. is a US-based provider of postal and mail handling systems, large-scale package handling facilities, and solutions for baggage handling systems
The countries covered in the airport baggage handling system market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The airport baggage handling system market research report is one of a series of new reports from The Business Research Company that provides airport baggage handling system market statistics, including airport baggage handling system industry global market size, regional shares, competitors with an airport baggage handling system market share, detailed airport baggage handling system market segments, market trends and opportunities, and any further data you may need to thrive in the airport baggage handling system industry. This airport baggage handling system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Airport Baggage Handling System Market Characteristics
3. Airport Baggage Handling System Market Trends And Strategies
4. Airport Baggage Handling System Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Airport Baggage Handling System Market
- 4.2. Ukraine-Russia War Impact On Airport Baggage Handling System Market
- 4.3. Impact Of High Inflation On Airport Baggage Handling System Market
5. Airport Baggage Handling System Market Size And Growth
- 5.1. Global Airport Baggage Handling System Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Airport Baggage Handling System Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Airport Baggage Handling System Market Segmentation
- 6.1. Global Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Conveyors
- Destination Coded Vehicles
- 6.2. Global Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Check-In
- Screening And Load
- Conveying And Sorting
- Unload And Reclaim
- 6.3. Global Airport Baggage Handling System Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Assisted Service
- Self-Service
- 6.4. Global Airport Baggage Handling System Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Barcode
- RFID (Radio Frequency Identification)
- 6.5. Global Airport Baggage Handling System Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Airport
- Railway
- Marine
- Other Applications
7. Airport Baggage Handling System Market Regional And Country Analysis
- 7.1. Global Airport Baggage Handling System Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Airport Baggage Handling System Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Airport Baggage Handling System Market
- 8.1. Asia-Pacific Airport Baggage Handling System Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Airport Baggage Handling System Market
- 9.1. China Airport Baggage Handling System Market Overview
- 9.2. China Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Airport Baggage Handling System Market
- 10.1. India Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Airport Baggage Handling System Market
- 11.1. Japan Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Airport Baggage Handling System Market
- 12.1. Australia Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Airport Baggage Handling System Market
- 13.1. Indonesia Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Airport Baggage Handling System Market
- 14.1. South Korea Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Airport Baggage Handling System Market
- 15.1. Western Europe Airport Baggage Handling System Market Overview
- 15.2. Western Europe Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Airport Baggage Handling System Market
- 16.1. UK Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Airport Baggage Handling System Market
- 17.1. Germany Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Airport Baggage Handling System Market
- 18.1. France Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Airport Baggage Handling System Market
- 19.1. Eastern Europe Airport Baggage Handling System Market Overview
- 19.2. Eastern Europe Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Airport Baggage Handling System Market
- 20.1. Russia Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Airport Baggage Handling System Market
- 21.1. North America Airport Baggage Handling System Market Overview
- 21.2. North America Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Airport Baggage Handling System Market
- 22.1. USA Airport Baggage Handling System Market Overview
- 22.2. USA Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Airport Baggage Handling System Market
- 23.1. South America Airport Baggage Handling System Market Overview
- 23.2. South America Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Airport Baggage Handling System Market
- 24.1. Brazil Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Airport Baggage Handling System Market
- 25.1. Middle East Airport Baggage Handling System Market Overview
- 25.2. Middle East Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Airport Baggage Handling System Market
- 26.1. Africa Airport Baggage Handling System Market Overview
- 26.2. Africa Airport Baggage Handling System Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Airport Baggage Handling System Market, Segmentation By Solution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Airport Baggage Handling System Market Competitive Landscape And Company Profiles
- 27.1. Airport Baggage Handling System Market Competitive Landscape
- 27.2. Airport Baggage Handling System Market Company Profiles
- 27.2.1. Beumer Group
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Daifuku Co Ltd
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Fives Group
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. G&S Airport Conveyor
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Glidepath Limited
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Airport Baggage Handling System Market
29. Airport Baggage Handling System Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer