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AIRPORT BAGGAGE HANDLING SYSTEMS Market 2019 | Rising Status of Key Players, Industry Size & Share, Growth Factors, New Technologies Revenue Forecast by 2024

AIRPORT

The “AIRPORT BAGGAGE HANDLING SYSTEMS Market” report 2019 covers all the significant developments which are recently being adopted across the global market. The prime objective of AIRPORT BAGGAGE HANDLING SYSTEMS market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. The AIRPORT BAGGAGE HANDLING SYSTEMS market report covers both the demand and supply aspect of the market. The report also highlighted the future trends in the AIRPORT BAGGAGE HANDLING SYSTEMS market that will impact the demand during the forecast period.

Scope of the Report:

  • A baggage handling system or a BHS is a type of a conveyor system that is installed in an airport and enables to transport the passenger baggage from ticket counter areas to the area where the baggage is loaded on the aircraft. BHS, additionally, helps in transporting the checked baggage, which is unloaded from the aircraft to the baggage claim area.

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    Market Overview:

  • The airport baggage handling systems market was valued at USD 47.85 billion in 2018, and it is expected to reach USD 65.67 billion by 2024, while recording a CAGR of 5.26% during the forecast period, 2019-2024.
  • Worldwide air travel has grown at a historically sharp pace over the past two decades, with year-over-year passenger travel growth for the past five years averaging at 6.2%. Low air fares, growing living standards, and a growing middle class in large emerging markets, such as China and India, are major contributors to increased air travel. The increased traffic growth in the Asia-Pacific region is leading to an increased demand for more efficient airport baggage-handling systems in the region, and this is expected to help the market during the forecast period.
  • The increasing emphasis on airport security, as well as advanced technologies, in terms of passenger baggage screening, is expected to lead to the growth in the market in the years to come.
  • Establishing of new airports, as well as terminal expansion, is expected to provide growth opportunities for the market in the years to c

    Some of the Top Key Players of AIRPORT BAGGAGE HANDLING SYSTEMS Market Report Are:

  • Daifuku Co. Ltd
  • Glidepath LLC
  • Siemens AG
  • Pteris Global Limited
  • VANDERLANDE INDUSTRIES B.V.
  • BEUMER Group AS
  • G&S Airport Conveyor
  • Ansir Systems
  • Logplan LLC
  • Babcock International Group PLC
  • SITA Enterprises Ltd
  • Siemens AG
  • SITA
  • Beumer Group AG
  • Loglplan LLC
  • Vanderlande Industries BV

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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    Key Market Trends:

    Airport Capacity Segment in Between 25 to 40 million is Projected to Grow at a High Pace

    Currently, the airport capacity segment in between 25 to 40 million is projected to have the largest share out of all the segments. Airports with a passenger handling capacity of 25-40 million have grown, with new airports entering this segment from the 15-25 million segment. The growing air travel demand, especially in Asia-Pacific, has forced several smaller airports to increase their passenger handling capacities. Chongqing Airport, Seoul Gimpo Airport, and Tokyo Narita Airport were among the top airports with passenger handling capacities of almost 40 million by the end of 2017. Earlier in March 2017, Narita International Airport introduced a new self-check-in baggage machine at the airport. Thus, the focus is currently on this segment, which is the reason for its expected high CAGR.

    South America is Expected to Experience the Highest Growth

    In the airport baggage handling system market, regionally, Asia-Pacific is generating the highest revenue currently. Brazil and Argentina are the largest markets for baggage handling systems in South America. The South American aviation industry improved in 2016 and 2017, after a difficult year in 2015, when the aviation industry had to incur significant losses, due to the economic crisis in Brazil, which led to adverse currency fluctuations and weak commodity prices. With the introduction of the smart airport concept, airports, globally, are shifting toward automation. As the airports are being modernized in Argentina, demand is expected to be generated for new baggage handling systems that can increase the efficiency of airport terminal operation, thus having a positive impact on the growth of the market.

    The Report Covers:

    • Comprehensive research methodology of AIRPORT BAGGAGE HANDLING SYSTEMS market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global AIRPORT BAGGAGE HANDLING SYSTEMS market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of AIRPORT BAGGAGE HANDLING SYSTEMS Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Airport Capacity
    5.1.1 Up to 15 million
    5.1.2 15 – 25 million
    5.1.3 25 – 40 million
    5.1.4 40 million +
    5.2 Geography
    5.2.1 North America
    5.2.1.1 United States
    5.2.1.2 Canada
    5.2.1.3 Mexico
    5.2.1.4 Rest of North America
    5.2.2 South America
    5.2.2.1 Brazil
    5.2.2.2 Argentina
    5.2.2.3 Rest of South America
    5.2.3 Asia-Pacific
    5.2.3.1 China
    5.2.3.2 India
    5.2.3.3 Japan
    5.2.3.4 South Korea
    5.2.3.5 Rest of Asia-Pacific
    5.2.4 Europe
    5.2.4.1 United Kingdom
    5.2.4.2 Germany
    5.2.4.3 France
    5.2.4.4 Rest of Europe
    5.2.5 Middle East & Africa
    5.2.5.1 United Arab Emirates
    5.2.5.2 South Africa
    5.2.5.3 Saudi Arabia
    5.2.5.4 Iran
    5.2.5.5 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Mergers & Acquisitions
    6.3 Company Profiles
    6.3.1 Daifuku Co. Ltd
    6.3.2 Glidepath LLC
    6.3.3 Siemens AG
    6.3.4 Pteris Global Limited
    6.3.5 VANDERLANDE INDUSTRIES B.V.
    6.3.6 BEUMER Group AS
    6.3.7 G&S Airport Conveyor
    6.3.8 Ansir Systems
    6.3.9 Logplan LLC
    6.3.10 Babcock International Group PLC
    6.3.11 SITA Enterprises Ltd
    6.3.12 Siemens AG
    6.3.13 SITA
    6.3.14 Beumer Group AG
    6.3.15 Loglplan LLC
    6.3.16 Vanderlande Industries BV

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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