According to the recent study the commercial airport baggage handling system market is projected to reach an estimated $2.0 billion by 2027 from $1.1 billion in 2021, at a CAGR of 9.8% from 2021 to 2027. Growth in this market is primarily driven by modernization of airports and rise in terminal expansion program.
Browse 58 figures / charts and 35 tables in this 139 -page report to understand trends, opportunities and forecast in commercial airport baggage handling system market by sorting technology (barcode system, and RFID system), components (conveyor system, scanner, sorting device, and destination coded vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Conveyor system market is expected to remain the largest segment during the forecast period.”
Based on components, the commercial airport baggage handling system market is segmented into conveyor system, scanner, sorting device, and destination coded vehicles. Lucintel forecasts that the conveyor system market is expected to remain the largest segment due to rise in the number of air passengers and the increasing need for efficient transportation and storage of baggage.
“Europe will dominate the commercial airport baggage handling system market in near future”
Europe is expected to remain the largest market due to tightening of the airport security standards and increasing investments in the terminal expansions, whereas Asia Pacific and Rest of the World are expected to witness significant growth over the forecast period because of growth in the passenger traffic, setting up of new airports, and huge demand for airport infrastructural improvement.
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Major players of commercial airport baggage handling system market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Vanderlande Industries B.V., Siemens AG, Beumer Group, Daifuku, and Pteris are among the major commercial airport baggage handling system providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/commercial-airport-baggage-handling-market.aspx or [email protected]