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Global Baggage Handling System Market Size, Share, Growth Analysis And Forecast To 2033
Global Baggage Handling System Market
As per the report, the baggage handling system market size has grown strongly in recent years. It will grow from $9.56 billion in 2023 to $10.31 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The baggage handling system market size is expected to see strong growth in the next few years. It will grow to $14.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
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Growth In Tourism Industry Boosting Baggage Handling System Market
The expansion of the tourism industry is expected to propel the growth of the baggage handling system market going forward. The tourism industry encompasses businesses and services that cater to travelers and tourists, including transportation, accommodations, attractions, and hospitality. The expansion of the tourism industry is fueled by enhanced infrastructure, economic growth, rising disposable incomes, globalization, and more accessible travel information. Baggage handling systems support tourism by efficiently and systematically managing luggage, ensuring a smooth travel experience for tourists, and improving satisfaction and operational effectiveness for travel service providers. For instance, in 2023, according to the Croatian Bureau of Statistics, a Croatia-based government agency, commercial accommodation establishments saw 17.8 million tourist arrivals and 90.0 million overnight stays in 2022, an increase of 39.1% and 28.3% compared to 2021, respectively. Therefore, expanding the tourism industry is driving the baggage handling system market.
Innovative Technologies In Baggage Handling Systems
Major companies operating in the baggage handling system market are developing innovative technologies, such as advanced automation solutions, to improve the speed and accuracy of baggage handling. Advanced automation solutions in baggage handling systems enhance efficiency, accuracy, and capacity, improve security, reduce labor costs, and enhance the overall passenger experience. For instance, in July 2022, Beumer Group GmbH & Co. KG, a Germany-based company, launched Next-Gen Line Sorter and Pouch Systems, advanced automation solutions. The BG Line Sorter combines the simplicity of a traditional line sorter with the handling capabilities of a high-speed cross-belt sorter. Its modular design optimizes distribution center space, while highly durable belts ensure ultra-low maintenance. The BG Pouch System is a single multi-purpose sortation system that can buffer, sort, sequence, and handle item returns with minimal manual touchpoints.
The baggage handling system market covered in this report is segmented -
1) By Type: Destination Coded Vehicle (DCV), Conveyor
2) By Technology: Radio-Frequency Identification (RFID), Barcode
3) By Mode: Airport, Railway, Marine
4) By Application: Check-In Systems, Security Screening Systems, Sorting Systems, Transfer Systems, Arrival And Reclaim Systems
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Major companies operating in the baggage handling system market are Siemens AG, Babcock International Group PLC, Daifuku Co. Ltd., Vanderlande Industries B.V., Fives Group, SICK AG, BEUMER Group, SITA, INFORM SOFTWARE, Interroll Group, Smiths Detection Group Limited, Grenzebach Maschinenbau GmbH, Pteris Global Limited, Alstef Group, Cassioli Srl, ULMA Handling Systems, G&S Airport Conveyor, Logplan LLC, Ansir Systems, Matrex, Kinematik SA Machinery Manufacturing
Contents of the report:
1. Executive Summary
2. Baggage Handling System Market Report Structure
3. Baggage Handling System Market Trends And Strategies
4. Baggage Handling System Market - Macro Economic Scenario
5. Baggage Handling System Market Size And Growth
…..
27. Baggage Handling System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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