Press release
Baggage Handling System Market Qualitative Analysis Reveals Explosive Growth by 2025: Siemens (Germany), Vanderlande Industries (Netherlands), Daifuku (Japan), Pteris Global Limited (Singapore), BEUMER (Germany), and SITA (Switzerland).
The global Baggage Handling System Market is projected to grow from USD 8.4 billion in 2018 to USD 13.7 billion by 2025, at a CAGR of 7.28%. The increase in air travel by people all over the world, modernization of airports, and enhancement of airports’ efficiency and customer satisfaction are expected to drive the growth of the baggage handling system market.The key strategies adopted by the major players in the baggage handling system market from 2014 to 2019 are partnerships and supply contracts. Baggage handling system manufacturers and component suppliers are focusing on increasing their global presence and respective market shares. Vanderlande Industries signed a contract to implement an innovative new solution system that would utilize Automated Guided Vehicle (AGV) technology, thereby replacing the need for conveyors and sorting systems to handle baggage at the Lelystad Airport. The new product developments strategy is ranked 2nd amongst all the strategies adopted by companies in the baggage handling system market. Baggage handling system suppliers are focusing on the development of technology, infrastructure, and components compatible with automated baggage handling. For instance, in April 2018, BEUMER presented its latest sorter development, BG Sorter, which is optimally prepared to meet the challenges of high-performance sorting.
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Vanderlande Industries (Netherlands) is identified as the leading player in the baggage handling system market. The company is one of the established players and a globally renowned supplier of baggage handling systems. The company follows the strategy of new product developments to gain a competitive edge in the baggage handling system market. In October 2017, Vanderlande presented FLEET, its new baggage logistics solution based on AGV technology, and its Advanced Passenger Checkpoint solutions at inter airport Europe 2017, Munich, Germany.
Siemens (Germany) is also one of the leading players in the baggage handling system market. The company invests heavily in R&D activities pertaining to infrastructure and cities segment of this company. It also plans to enlarge its baggage handling system product portfolio to cater to its various customers all around the world while establishing itself as a strong player in the market. It has adopted the strategies of partnerships/collaborations/joint ventures/agreements/supply contracts to increase its presence in the baggage handling system market. In May 2018, Siemens AG Siemens Postal and Parcel & Airport Logistics (SPPAL) supplied a tray-based baggage handling system and powerful software for the new satellite terminal at the International Airport of Bangkok (Thailand). The innovative tray technology from Siemens would allow the much-needed expansion of capacities with a top speed of 10 m/s. For the project, Siemens is working as a technology leader with the Thai infrastructure company Loxley that integrates the system together with other partners.
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