Baggage Handling System Market
The global baggage handling system was worth US$ 7 billion in 2020. The global baggage handling market is expected to reach US$ 13.1 billion by the year 2030, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2021 to 2030.
The baggage handling system is installed in the airport to transfer passenger’s baggage from the loading place at the ticket counter to the area where the baggage is loaded in an aircraft or train.
Factors Affecting
Impact Analysis of Covid-19
The Covid-19 pandemic caused a strict lockdown in an attempt to curb the spread of the virus. The lockdown caused severe restrictions on non-essential services, which included travel and tourism. The market witnessed a significant decrease in the footfall of passengers at the airport, which resulted in a decreased demand for the baggage handling system. The demand for baggage handling systems may increase in the post-Covid scenario as the severity of the pandemic reduces over time and tourism flourishes.
Regional Insights
Geographically, the Asia-Pacific region is anticipated to hold the highest share in the global baggage handling system market. The reasons being countries like India, China, South Korea, and Japan have experienced a sudden surge in passengers. Countries like China are constructing airports as part of their new five-year plan (2021 to 2025) to increase their aviation capacity. Moreover, Australia’s Vanderlande Industries signed a contract to construct a new baggage handling system (BHS) for Western Sydney International Airport. Thus, these factors will contribute to an increase in the demand of the global baggage handling system market in the coming years.
Competitive Landscape
The prominent companies in the global baggage handling system market are:
Scope of the Report
The segmentation of the global baggage handling system market focuses on Check-in Service, Tracking Technology, Mode of Transport, Solution, Type, and Region.
Segmentation based on Check-in Service
Segmentation based on Tracking Technology
Segmentation based on Mode of Transport
Segmentation based on Solution
Segmentation based on Type
By Region