Research and Markets: Global Baggage Handling System Market Expected to Grow at a CAGR of 7.72% to Reach $9.36 Billion by 2020
September 11, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/72zfzq/commercial) has announced the addition of the “Commercial Baggage Handling System Market by Airport Class (A, B, C), Identification Technology (Barcode, RFID), Service (Self-Service, Assisted-Service), Type (Conveyors, Destination-Coded Vehicles), Efficiency, Geography – Global Forecast to 2020” report to their offering.
Baggage handling process is the coordination and collection of activities, such as bag check-in, tagging, screening, transporting, sorting, and storing of baggage. The baggage handling system helps to transport passenger bags from the check-in area to the departure gate, and vice-versa, and thus, serving an airport by improving its operational efficiency. The global baggage handling system market is estimated to be valued at USD 6.45 Billion in 2015.
This report segments the baggage handling system market on the basis of identification technology, service type, airport class, efficiency, and type of BHS. It also provides revenue forecasts and analysis of the industry trends that are predominant in this market. The two important identification technologies considered in this market are barcode and RFID. The market for the barcode segment is estimated to account for 74.64% of the total market in 2015, while the RFID segment is rapidly growing in the baggage handling system market.
The baggage handling system market in this report is divided into six major regions, namely, North America, Europe, Asia-Pacific, Middle East, Latin America, and Africa. The Asia-Pacific market is anticipated to hold 32.25% of the global market share with a market size of USD 2.07 Billion in 2015. Apart from accounting for the maximum market share, the Asia-Pacific market is also projected to grow at the highest CAGR during the forecast period from 2015 to 2020.
The growth in the baggage handling system market can be attributed to various factors, such as the increase in air travel by people all over the world, modernisation of airports, need to improve aircraft turnaround time, and improvement of airports’ efficiency. However, aspects, such as complex architecture of baggage handling system and high investment that is needed, may limit the growth of this market.
This report also offers the competitive landscape of key players in the baggage handling system market. It also provides a general overview of companies with their financial positions, key products, and market sizes.
Key Topics Covered
- Introduction
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industry Trends
- Baggage Handling System Market, By Identification Technology
- Baggage Handling System Market, By Airport Class
- Baggage Handling System Market, By Service Type
- Baggage Handling System Market, By Type
- Baggage Handling Systems Market, By Efficiency
- Baggage Handling System Market, By Region
- Baggage Handling System Market, By Cost Analysis
- Competitive Landscape
- Company Profiles
- Appendix
Companies Mentioned
- BCS
- Beumer
- Daifuku
- Fives
- G&S Airport Conveyer
- Grenzebach Maschinenbau
- Logplan
- Pteris Global
- Siemens
- Vanderlande Industries
For more information visithttp://www.researchandmarkets.com/research/72zfzq/commercial
View source version on businesswire.com: http://www.businesswire.com/news/home/20150911005565/en/
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Sector: Aviation, Commercial Vehicles, RFID, Airports and Air Traffic Control
