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Global Airport Baggage Handling Systems Market Poised for Growth, Expected to Reach US$ 13.05 Billion by 2032 | Astute Analytica

10-04-2024 11:34 AM CET | IT, New Media & Software

Press release from: Astute Analytica

Global Airport Baggage Handling Systems Market Poised

The global airport baggage handling systems market, valued at US$ 7.30 billion in 2023, is projected to witness significant growth, reaching a market size of US$ 13.05 billion by 2032. This growth is driven by a compound annual growth rate (CAGR) of 6.67% during the forecast period of 2024 to 2032.

๐“๐ก๐ž ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž- https://www.astuteanalytica.com/request-sample/airport-baggage-handling-systems-market

The rise in air travel across the globe, coupled with advancements in airport infrastructure, is contributing to the increasing demand for efficient baggage handling systems. Airports are focusing on improving operational efficiency and passenger experience, fueling the adoption of modern baggage handling solutions.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ: ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐’๐ž๐ฅ๐Ÿ-๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐€๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐๐ฎ๐ž ๐ญ๐จ ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž๐ ๐๐š๐ฌ๐ฌ๐ž๐ง๐ ๐ž๐ซ ๐“๐ซ๐š๐Ÿ๐Ÿ๐ข๐œ

In the global airport baggage handling systems market, one particularly pronounced driver has been the dynamic adoption of automation and self-service systems. This has been spurred predominantly by the meteoric rise in passenger traffic. A report from the International Air Transport Association (IATA) forecasted that passenger numbers could double to 8.2 billion by 2037. With this massive influx, manual baggage handling procedures become increasingly impractical and inefficient.

To cope, airports have been implementing self-bag drop systems at an impressive pace. Data from 2021 indicated that over 60% of international airports either had such systems in place or had concrete plans for implementation within the subsequent year. Furthermore, a study revealed that passengers themselves are showing a marked preference for self-service options, with 77% having access to self-tagging options by 2019, a significant uptick from just a few years prior.

The financial aspect of this driver in the global airport baggage handling systems market is also compelling. The cost savings from reducing human intervention in the baggage handling process can be substantial. Airports with a capacity to handle over 30 million passengers annually saw an operational cost reduction of up to 20% with the integration of modern automated baggage systems. Considering that mishandled baggage costs the industry approximately $2.5 billion annually, the financial impetus for airports to transition to automated systems is crystal clear.

๐“๐จ๐ฉ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ข๐ซ๐ฉ๐จ๐ซ๐ญ ๐๐š๐ ๐ ๐š๐ ๐ž ๐‡๐š๐ง๐๐ฅ๐ข๐ง๐  ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Beumer Group
Daifuku Co. Ltd.
Fives Group
G&S Airport Conveyor
Glidepath Group
Grenzebach Group
Logplan LLC
Pteris Global Limited (CIMC Group)
Siemens AG
Vanderlande Industries B.V.
Other Prominent Players

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ž ๐€๐ข๐ซ๐ฉ๐จ๐ซ๐ญ ๐๐š๐ ๐ ๐š๐ ๐ž ๐‡๐š๐ง๐๐ฅ๐ข๐ง๐  ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐œ๐จ๐ง๐ญ๐š๐œ๐ญ:- https://www.astuteanalytica.com/industry-report/airport-baggage-handling-systems-market

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

๐๐ฒ ๐“๐ฒ๐ฉ๐ž

Conveyor
Destination Coded Vehicle (DCV)
By Solution

Security Screening Systems
Transportation, Sortation, and Storage Systems
Reclaim Systems
By Airport Class

Class A
Class B
Class C
Others
By Tracking Technology

Barcode System
RFID System
By Check-in Service Type

Assisted Service
Self-Service
By Region

North America
The US
Canada
Mexico
Europe
The UK
Germany
France
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia & New Zealand
Korea
ASEAN
Rest of Asia Pacific
South America
Argentina
Brazil
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/request-sample/airport-baggage-handling-systems-market

๐€๐›๐จ๐ฎ๐ญ ๐€๐ฌ๐ญ๐ฎ๐ญ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ญ๐ข๐œ๐š:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

๐†๐ž๐ญ ๐ข๐ง ๐ญ๐จ๐ฎ๐œ๐ก ๐ฐ๐ข๐ญ๐ก ๐ฎ๐ฌ

๐๐ก๐จ๐ง๐ž ๐ง๐ฎ๐ฆ๐›๐ž๐ซ: +18884296757
๐„๐ฆ๐š๐ข๐ฅ: sales@astuteanalytica.com
๐•๐ข๐ฌ๐ข๐ญ ๐จ๐ฎ๐ซ ๐ฐ๐ž๐›๐ฌ๐ข๐ญ๐ž: https://www.astuteanalytica.com/
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