openPR Logo
Press release

Lucintel identifies and prioritizes opportunities for growth in the global commercial airport baggage handling system market by sorting technology, components, and region

11-14-2016 06:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Lucintel

Insights that Matter

Insights that Matter

According to a new market report published by Lucintel, the future of the global commercial airport baggage handling system market looks good with opportunities in the conveyor system, scanner, and sorting device market. The global commercial airport baggage handling system market is forecast to grow at a CAGR of 4.0% from 2016 to 2021. The major drivers of growth for this market are construction of new airport terminals and the expansion of existing facilities.
In this market, barcode system and radio frequency identification system (RFID) are some of the major segments. On the basis of its comprehensive research, Lucintel forecasts that the RFID segment is expected to show above average growth during the forecast period.
Within the global commercial baggage handling system market, the conveyor system segment is expected to remain as the largest market. Newly constructed and upgraded airports will be equipped with interlinked baggage conveyor system, which would spur growth for this segment over the forecast period.
Europe is expected to remain the largest market due to tightening of the airport security standards and increasing investments in the terminal expansions.
Asia Pacific and Rest of the World are expected to witness significant growth over the forecast period because of growth in the passenger traffic, setting up of new airports, and huge demand for airport infrastructural improvement.
For market expansion, report suggests innovation and new product development to provide automatic and customized baggage handling solutions to the customers. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for customers.
.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of home-printed bag tag solutions to enable the passengers in printing their own bag tag at office or home, development of auto bag drop solutions, and hybrid check-in system for passengers to help the airlines in managing long queues effectively. Vanderlande Industries B.V., Siemens AG, Beumer Group, Daifuku, and Pteris Global Limited are the major baggage handling system manufacturers in the global commercial airport baggage handling system market. Some companies are opting for merger and acquisition as strategic initiatives for driving growth.

Lucintel, a leading global strategic consulting and market research firm, has analyzed opportunities in the global commercial airport baggage handling system market by sorting technology, component, and regions and has come up with a comprehensive research report, “Growth Opportunities in the Global Commercial Airport Baggage Handling System Market 2016-2021: Trends, Forecast, and Market Analysis”. The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global commercial airport baggage handling system market through 2021, segmented by sorting technology, component, and regions as follows:

By Sorting Technology ($ billion from 2010 to 2021):
• Barcode System
• RFID System
By Components ($ billion from 2010 to 2021):
• Conveyor System
• Scanner
• Sorting Device
• Destination Coded Vehicle

By region ($ billion from 2010 to 2021):
• North America
• Europe
• Asia Pacific
• Rest of the World
This 139-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/commercial_airport_baggage_handling_system_market_2021.aspx or helpdesk@lucintel.com. Lucintel offerings include mass transportation, transportation market report, commercial due diligence report, strategic growth consulting and market research due diligence.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q. 1 What are some of the potential, high-growth opportunities are for commercial airport baggage handling system market by sorting technology, components, and regions?
Q. 2. Which segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are taken by key players for business growth?
Q.10 How is the competitive rivalry and threat of substitution in this market?
Q.11. How many M & A activities happened during last 1- 2 years and what are their impacts?

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel
222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA
Ph: +1-972-636-5056 Fax: +1-877-883-5140
marketing@lucintel.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lucintel identifies and prioritizes opportunities for growth in the global commercial airport baggage handling system market by sorting technology, components, and region here

News-ID: 381844 • Views:

More Releases from Lucintel

Lucintel Forecasts Carbon Black Market to Reach $22.8 Billion by 2025
According to the recent study the carbon black market is projected to reach an estimated $22.8 billion by 2025 from $18.0 billion in 2019, at a CAGR of 4% from 2020 to 2025. Growth in this market is primarily driven by increasing tire production and growth in plastic and coating market. Browse 153 figures / charts and 137 tables in this 247-page report to understand trends, opportunities and forecast in carbon
Lucintel Forecasts Bicycle Market to Grow at a CAGR of 8.8%
According to the recent study the bicycle market is projected to grow at a CAGR of 8.8% from 2021 to 2026. Growth in this market is primarily driven by raising fuel prices, government programs to build bicycle paths and roads, increasing health concerns/fitness consciousness, growing environmental awareness, and increasing traffic congestion. Browse 130 figures / charts and 72 tables in this 178 -page report to understand trends, opportunities and forecast in
Lucintel Forecasts Antimicrobial Coating Market to Reach $5 Billion by 2025
According to the recent study the Antimicrobial Coating Market is projected to reach an estimated $5 billion by 2025 from $3.5 billion in 2019, at a CAGR of 6.2% from 2020 to 2025. Growth in this market is primarily driven by increasing concern about health and hygiene and growing demand of antimicrobial coatings in building and construction, medical, and food & beverages industries. Browse 157 figures / charts and 132 tables
Lucintel Forecasts Zinc Stearate Market to Reach $1.4 Billion by 2027
According to the recent study the zinc stearate market is projected to reach an estimated $1.4 billion by 2027 from $1.0 billion in 2021, at a CAGR of 6% from 2021 to 2027. Growth in this market is primarily driven by growth in the end use applications and increasing demand for materials that could provide superior functionality & energy conservation. Browse 134 figures / charts and 116 tables in this

All 4 Releases


More Releases for RFID

RFID Readers Market Growth by 2027 | Fixed RFID Readers, Integrated RFID Readers …
Future Market Insights (FMI) has published a new research report titled “Radio Frequency Identification (RFID) Readers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The report states that the growing penetration of advanced technology along with increasing supply chain complexities are encouraging consumers to adopt RFID technology. Owing to this, players operating in the RFID readers market are incessantly upgrading their product portfolios in order to meet the demands
Global RFID Tag Chips Market by Type, HF RFID Chip, UHF RFID Chip, LF RFID Chip, …
This study report Global RFID Tag Chips Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies. The report investigates and analyzes the
RFID Equipment Market - The Rising Application of RFID In Healthcare RFID Techno …
The applications of Radio Frequency Identification (RFID) have widened in the healthcare industry, ranging from tracking medical equipment, patient identification and blood transfer monitoring to tracking the path of medication from pharmacy to the patient. Due to this, the RFID equipment market has witnessed a high growth rate over the years. Providing clients with in-depth analysis and competitive intelligence, the research report evaluates the RFID equipment market and all
RFID Tag Chip Market: By Applications - HF RFID Tags, UHF RFID Tags, LF RFID Tag …
Latest industry research report on: Global and United States RFID Tag Chip Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Request For Sample Report @ https://www.marketresearchreports.biz/sample/sample/1227953 This report studies the RFID Tag Chip market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits
rfid clear tag for rfid inventory (gyrfidstore)
RFID Disc Tags are widely used for inventory tracking system or Automatic production systems. The RFID Disc Tag can also work on metal surface with anti-metal layer on it, also can be attached to goods surface by adhesive layer. There are abundant size options from 12mm to 50mm. GYRFID presents several types with different material and size to suitable customer’s application. DIP Series- PVC Disc Tag, PVC Laminated, thickness of 1.0-1.2mm DIT
windshield rfid tag for rfid solutions(gyrfidstore)
The strength of RFID label or RFID Stickers compared with other tags is the thinner thickness, various size, flexible and cost efficient. It can be sealed inside of goods or stick on the device surface with adhesive layer. The label is also optional with anti-metal layer to mount and working on metal surface. GYRFID Provides different types Stickers to meet the requirement for different applications such as NFC Payments,