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Airport Baggage Handling System Market Size Forecast: $12.51 Billion by 2029 | Global Outlook
Airport Baggage Handling System
What Is the Projected Market Size Valuation of the Airport Baggage Handling System Market by 2025?
The market size for airport baggage handling systems has significantly expanded in the past couple of years. It is forecasted to increase from $8.74 billion in 2024 to about $9.4 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. Factors contributing to this growth trend during the historical period include an increase in air travel, implementation of security protocols, improving efficiency and throughput, future plans for airport expansion and renovations, and growing passenger expectations.
What Is the Estimated Market Growth Value for the Airport Baggage Handling System Industry in 2029?
The market for airport baggage handling systems is projected to experience robust expansion in the upcoming years. The market valuation is forecasted to reach $12.51 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. Factors driving growth during the forecast period include predictive maintenance, green strategies and sustainability, risk reduction methods, and the need for cost efficiency, as well as an emphasis on enhancing passenger experiences and the boom in tourism. The period also sees significant trends such as increased attention to passenger convenience, customization catering to airport demands, remote supervision and control, integration of smart sensors, and predictive analytics.
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What Are the Growth Drivers and Opportunities in the Airport Baggage Handling System Market?
The airport baggage handling system market is predicted to experience growth due to an uptick in air traffic. Air traffic, referring to the movements of aircraft at airports, is on the rise due to economic and demographic expansion, heightened income levels, a necessity for expedited goods transport among other factors. As air traffic increases, so does the demand for airport baggage handling systems. These systems help manage overcrowded airport activities and cut down waiting times for aircrafts and at airports. The International Air Transport Association (IATA), a global trade association for all airlines, released data in May 2022 indicating a surge of 83.1% in total air traffic as compared to May 2021. A significant part of this was due to a strong bounce back in international flights. Currently, global air traffic has returned to 68.7% of the levels before the pandemic. Additionally, international traffic in May 2022 experienced a growth of 325.8% versus May 2021. Consequently, as air traffic continues to increase, it is anticipated to boost the airport baggage handling system market's growth.
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What Are the Primary Segments Covered in the Global Airport Baggage Handling System Market Report?
The airport baggage handling system market covered in this report is segmented -
1) By Type: Conveyors, Destination Coded Vehicles
2) By Solution: Check-In, Screening And Load, Conveying And Sorting, Unload And Reclaim
3) By Service: Assisted Service, Self-Service
4) By Technology: Barcode, RFID (Radio Frequency Identification)
5) By Application: Airport, Railway, Marine, Other Applications
Subsegments:
1) By Conveyors: Belt Conveyors, Roller Conveyors, Modular Conveyors, Airport Sortation Conveyors
2) By Destination Coded Vehicles (DCVs): Automated Guided Vehicles (AGVs), Towing Vehicles, Tracked Vehicles, Electric Carts
What Are the Top Growth Trends in the Airport Baggage Handling System Market?
The escalating trend of incorporating advanced technology components into airport baggage systems is starting to become prominent in the airport baggage handling system market. To offer automated baggage check-in and handling services, leading players in the market, together with airports, are adopting cutting-edge technologies like near-field communication (NFC) and radio frequency identification (RFID). To illustrate, Delhi Airport, a major international airport in India, launched an RFID-enabled tagging method called BAGG TRAX in June 2022. This system gives passengers the ability to track their luggage in real-time at every transfer stage, from initial check-in to final collection. After registration, the tag is placed on the checked luggage, allowing passengers to receive updates on their mobile devices regarding the arrival and availability of their baggage at the airport's designated belt. It is anticipated that this system will reduce the incidence and costs of misplaced or delayed luggage, a problem which currently costs airlines billions annually.
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Which Companies Are Shaping the Future of the Airport Baggage Handling System Market?
Major companies operating in the airport baggage handling system market are Beumer Group, Daifuku Co. Ltd., Fives SA, G&S Airport Conveyor, Glidepath Limited, Grenzebach Maschinenbau GmbH, Logplan LLC, Pteris Global Limited, Siemens AG, Vanderlande Industries BV, SITA AG, BCS Group, Ansir Systems, Babcock International Group, Leonardo SpA, Airport Equipment Services Pte. Ltd., ALPHA-CIM Baggage, Alstef Automation S.A., Ammeraal BelTech, Aversan Inc., BB Computerteknik AS, BDP International, CASSIOLI Group, CIMC-TianDa Airport Support Ltd., Dalmec Industrial Manipulators India, LAS-1 Ltd., Logan Teleflex UK Ltd., Losch Airport Service GmbH, Matrex India Pvt. Ltd., Siemens Logistics GmbH
Which Region Holds the Largest Market Share in the Airport Baggage Handling System Industry?
North America was the largest region in the airport baggage handling system market in 2024. The regions covered in the airport baggage handling system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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