Outlook on the Baggage Handling System Global Market to 2026 - Key Industry Analysis and Forecasts
DUBLIN, March 24, 2021 /PRNewswire/ -- The "Global Baggage Handling System Market By Type, By Solution, By Mode of Transport, By Tracking Technology, By Check-in Service Type, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Baggage Handling System Market size is expected to reach $10.9 billion by 2026, rising at a market growth of 7.9% CAGR during the forecast period. The Baggage Handling Systems are the conveyor system which transports the passenger baggage from the departure area to the cargo area and then to the arrival location. It comprises of various components that intended to keep an eye on bag weights and bag display for item count, security, and fix a distinctive barcode on the luggage.
The baggage handling system uses different techniques like Barcode System and Radio Frequency Identification (RFID) to deliver the handling process. It broadly finds its application at the railway station, airports, and others. There are many factors that drive the baggage handling market such as increasing air passenger volume, rising focus on enhancing operational efficiency at airports, and important developments in intermodal transport.
Expected growth in air travel, technological advancements, and modernization of airports is expected to drive the growth of the baggage handling system market. Although, high consequences of system failure and increased upfront and maintenance cost of the baggage handling system (BHS) restricted the growth of the market. In the coming years, the introduction of robotization at airports will provide many opportunities for the companies operating in this market.
By Type
Based on Type, the market is segmented into Conveyor and Destination Coded Vehicle (DCV). The category of conveyor is predicted to lead the baggage handling conveyor system market, by type. Airports with little traveller traffic utilize conveyors as the main transportation medium for baggage. A few class B and Class C airports utilize the conveyor type baggage handling system.
By Solution
Based on Solution, the market is segmented into Conveying & Sorting, Check-in, Screening, & Loading and Unloading & Reclaim. The segment of conveying and sorting is predicted to drive the baggage handling system market by the solution. As per the primary insights, sorting is the main part of the total baggage handling system. The rapid increase in air and marine passenger volume for domestic and international travel around the globe has motivated baggage handling systems companies to find ways to enhance existing baggage handling technologies with automated sorting.
By Mode of Transport
Based on Mode of Transport, the market is segmented into Airport, Railway and Marine. Airports category will continue its dominance in the baggage handling market for at least 20-30 years. With the hostile incentives and mandates from the government, China and India have emerged as the leading operators in the airport industry. Airports baggage handling systems play a crucial role in the global economy as it helps in attracting more suppliers and manufacturers for business investments.
By Tracking Technology
Based on Tracking Technology, the market is segmented into Barcode System and RFID System. The RFID technology category is estimated to observe the highest growth due to the cost-effectiveness and reliability of the technology in enhancing the baggage handling process. RFID helps in reducing the mishandling of baggage by 20%, which further enhances the passenger experience. It serves as an easy way to attain the baggage mishandling track records to make it compliant with the IATA resolution 753.
By Check-in Service Type
Based on Check-in Service Type, the market is segmented into Assisted Service and Self-service. The Assisted Service market dominated the Global Baggage Handling System Market by Check-in Service Type 2019. The Self-service market is expected to witness a CAGR of 9.5% during (2020 - 2026).
By Region
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia Pacific is estimated to be the largest market shareholder in the market. Some factors like upcoming airport projects, the economy of countries, growing air passenger volume, the scope for multimodal transport, the presence of the cruise industry will boost the demand for baggage handling systems. Moreover, increasing government investments in railway, marine, and airport projects, government regulations and consumer acceptance will also contribute to the growth of the baggage handling system marketing in the mentioned region.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Siemens AG is the major forerunner in the Baggage Handling System Market. Companies such as BEUMER Group GmbH & Co. KG, Daifuku Co., Limited, Smiths Group PLC, and Toyota Industries Corporation are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Toyota Industries Corporation (Vanderlande Industries), Daifuku Co., Limited, Sick AG, Smiths Group PLC, BEUMER Group GmbH & Co. KG, Fives Group, Cage, Inc. (Ross & Baruzzini, Inc.), Grenzebach Group and G&S Airport Conveyor.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Baggage Handling System Market, by Type
1.4.2 Global Baggage Handling System Market, by Solution
1.4.3 Global Baggage Handling System Market, by Mode of Transport
1.4.4 Global Baggage Handling System Market, by Tracking Technology
1.4.5 Global Baggage Handling System Market, by Check-in Service Type
1.4.6 Global Baggage Handling System Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Mar - 2020, Oct) Leading Players
Chapter 4. Global Baggage Handling System Market by Type
4.1 Global Baggage Handling System Conveyor Market by Region
4.2 Global Baggage Handling System Destination Coded Vehicle (DCV) Market by Region
Chapter 5. Global Baggage Handling System Market by Solution
5.1 Global Baggage Handling System Conveying & Sorting Market by Region
5.2 Global Baggage Handling System Check-in, Screening, & Loading Market by Region
5.3 Global Baggage Handling System Unloading & Reclaim Market by Region
Chapter 6. Global Baggage Handling System Market by Mode of Transport
6.1 Global Airport Baggage Handling System Market by Region
6.2 Global Railway Baggage Handling System Market by Region
6.3 Global Marine Baggage Handling System Market by Region
Chapter 7. Global Baggage Handling System Market by Tracking Technology
7.1 Global Barcode System Baggage Handling System Market by Region
7.2 Global RFID System Baggage Handling System Market by Region
Chapter 8. Global Baggage Handling System Market by Check-in Service Type
8.1 Global Assisted Service Baggage Handling System Market by Region
8.2 Global Self-service Baggage Handling System Market by Region
Chapter 9. Global Baggage Handling System Market by Region
9.1 North America Baggage Handling System Market
9.2 Europe Baggage Handling System Market
9.3 Asia Pacific Baggage Handling System Market
9.4 LAMEA Baggage Handling System Market
Chapter 10. Company Profiles
10.1 Siemens AG
10.1.1 Company Overview
10.1.1 Financial Analysis
10.1.2 Segmental and Regional Analysis
10.1.3 Research & Development Expense
10.1.4 Recent strategies and developments:
10.1.4.1 Partnerships, Collaborations, and Agreements:
10.1.5 SWOT Analysis
10.2 Toyota Industries Corporation (Vanderlande Industries)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 Daifuku Co., Limited
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Acquisition and Mergers:
10.4 Sick AG
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 Smiths Group PLC
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Product Launches and Product Expansions:
10.6 BEUMER Group GmbH & Co. KG
10.6.1 Company Overview
10.6.2 Recent strategies and developments:
10.6.2.1 Partnerships, Collaborations, and Agreements:
10.6.2.2 Acquisition and Mergers:
10.6.2.3 Product Launches and Product Expansions:
10.7 Fives Group
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Acquisition and Mergers:
10.7.5.2 Geographical Expansions:
10.8 Cage, Inc. (Ross & Baruzzini, Inc.)
10.8.1 Company Overview
10.9 Grenzebach Group
10.9.1 Company Overview
10.10. G&S Airport Conveyor
10.10.1 Company Overview
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