Press release
Commercial Airport Baggage Handling Systems Market to Receive overwhelming hike in Revenues by 2021
The baggage handling system is an automated solution at airports that facilitates smooth transit of luggage with greater security and increased performance & accuracy maintained at all levels at a robust pace. Transporting the bags from the baggage check-in counter to the aircraft and vice versa is the key function of a baggage handling system. An effective baggage handling system also supports the Baggage sorting process through which the bags are identified and tallied with the furnished information and directed across the system.
The increasing focus on airport efficiency though technical innovations and advancement and increased growth rate of passengers travelling are some of the factors that are significantly contributing to the growth of the Global Market of Airport Baggage Handling Systems, confirms the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures and widely spread over 120 pages.
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This report includes a study of strategies and trends of major market players in the Global Commercial Airport Baggage Handling Systems Market.
Some of the key players of the market identified by the MRFR Research Analyst team are include Vanderlande Industries, Daifuku Company Ltd, Siemens AG, Pteris Global Limited, Beumer Group. Other prominent players of the BHS Market are Grenzebach Maschinenbau GMBH, Fives Group, BCS Group, G&S Airport Conveyor, and Logplan LLC.
Synopsis & Scenario
Some of the latest trends followed in the global market of ABHS, which have directly impacted the industry dynamics comprise the emergence 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.
As per MRFR analysis the Global Market of Airport Baggage Handling Systems, barcode system and radio frequency identification system (RFID) are some of the major segments, also, the RFID segment is expected to show above average growth during the forecast period.
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Regional Analysis
Asia-Pacific is the leading region in terms of both market share and revenue. Further the APAC market will grow at a CAGR of around 10% during the forecast period. With around 40% market share and APAC will remain the dominant player of the Global Market of Airport Baggage Handling Systems during forecast period. As per the estimates, the region would have an annual average growth of 6.3% in passenger traffic for the next 20 years. It is estimated that almost 50% of global air passenger’s traffic over the next 20 years will originate from APAC. These factors will boost the demand for Commercial airport baggage handling systems market.
The Report also comprises the country wise market analysis for regions North America & Americas, Europe, APAC and Rest of the World & countries
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