New York, United States , Sept. 05, 2024 (GLOBE NEWSWIRE) -- The Global Airport Baggage Handling System Market Size to grow from USD 9.2 Billion in 2023 to USD 13.2 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.68% during the forecast period.
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The Airport Baggage Handling System market is expanding significantly due to the growing number of air travellers and the necessity for efficient airport operations. This market includes automated systems for transporting, tracking, and sorting passenger baggage from check-in to boarding. RFID, IoT, and AI are driving baggage handling advances by increasing speed, accuracy, and security. The increasing number of airport modernisation projects, as well as the expansion of existing infrastructure, are driving market growth. However, hefty installation and maintenance costs may cause problems. Key players are focussing on building integrated and scalable solutions to fulfil the needs of both large and small airports, ensuring smooth baggage handling and improving the passenger experience.
Browse key industry insights spread across 240 pages with 110 Market data tables and figures & charts from the report on the "Global Airport Baggage Handling System Market Size, Share, and COVID-19 Impact Analysis, By Type (Destination-coded Vehicle (DCV), Conveyors, Sorters, Self-bag Drop (SBD)), By Mode of Operation (Automated and Manual), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033."
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Insights by Type
The conveyors segment accounted for the largest market share over the forecast period 2023 to 2033. As airports grow and modernise, there is a greater demand for innovative conveyor systems that can handle increased passenger traffic while streamlining operations. Conveyor technology innovations, such as automated, high-speed, and flexible systems, help to increase operating efficiency, cut labour costs, and improve baggage security. The trend of integrating conveyor systems with automated sorting and tracking technology fuels market expansion. Furthermore, the demand for dependable, low-maintenance conveyors to reduce downtime and improve overall baggage handling procedures fuels the segment's market growth.
Insights by Mode of Operation
The automated segment accounted for the largest market share over the forecast period 2023 to 2033. Automated systems, including as conveyor belts, sorting machines, and robotic handling units, improve the speed and reliability of luggage handling. Real-time tracking, AI-driven analytics, and automated sorting technologies all help to improve operations and eliminate the need for human interaction. The rising emphasis on improving passenger experience and reducing delays fuels the deployment of automated solutions. Furthermore, airports are investing in automated systems to handle increased passenger traffic and improve overall efficiency, which is driving the growth of this category in the BHS market.
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Insights by Region
North America is anticipated to dominate the Airport Baggage Handling System Market from 2023 to 2033. The integration of advanced technologies like automated sorting, RFID tracking, and AI-driven analytics is transforming baggage handling processes, and major airports are investing in cutting-edge baggage handling systems to improve efficiency, security, and passenger satisfaction. The region's focus on improving infrastructure and operational efficiency supports market expansion, but high installation costs and the need for regular maintenance pose challenges.
Asia Pacific is witnessing the fastest market growth between 2023 to 2033. Emerging economies and rapidly expanding airports in China, India, and Southeast Asia are driving demand for innovative baggage handling technology. The market benefits from the use of cutting-edge technologies like automation, RFID, and artificial intelligence to improve efficiency, accuracy, and security. However, problems include disparities in infrastructure levels among countries and the high initial expenses of sophisticated technologies. Despite these challenges, the region's concentration on enhancing airport operations and managing increasing passenger numbers provides significant potential opportunities for the sector.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Airport Baggage Handling System Market Size Include Beumer Group, Daifuku Co. Ltd., Fives Group, G&S Airport Conveyor, Glidepath group, Grenzebach Group, Logplan LLC, Pteris Global Limited, Siemens AG, Vanderlande Industries B.V, and other key companies.
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Recent Market Developments
In December 2022, Siemens Logistics, in partnership with local consortium T7 Global BHD, has acquired the Kuala Lumpur airport terminal extension project, which comprises the meticulous construction, design, installation, and commissioning of a new baggage handling system.
Market Segmentation
This study forecasts revenue at global, regional, and country levels from 2023 to 2033.
Airport Baggage Handling System Market, Type Analysis
- Destination-coded Vehicle (DCV)
- Conveyors, Sorters
- Self-bag Drop (SBD)
Airport Baggage Handling System Market, Mode of Operation Analysis
- Automated
- Manual
Airport Baggage Handling System Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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