Global Baggage Handling System Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope
A baggage handling system (BHS) is an automated system used in airports to transport efficiently checked luggage from check-in counters to the aircraft, optimizing efficiency, minimizing mishandling, and ensuring prompt and accurate delivery to and from the aircraft. The purpose of a baggage handling system is to streamline the check-in and baggage retrieval process, improve passenger experience, and ensure that luggage reaches the correct destination efficiently.

Sizing and Forecast
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 growth in the historic period can be attributed to increasing air passenger traffic, rising demand for seamless travel experiences, increasing investments by airport authorities, demand for flexible and scalable baggage handling solutions, increasing investments in airport expansion projects.

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%. The growth in the forecast period can be attributed to increasing air passenger traffic, rising demand for real time tracking, growing adoption of RFID technology, growing e-commerce and cargo volumes, and demand for cloud-based solutions. Major trends in the forecast period include advancements in automated sorting and loading systems, the implementation of AI and machine learning, integration of IoT devices for real time monitoring, adoption of cloud-based platforms for data storage and analysis, implementation of biometric scanning.

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Segmentation & Regional Insights
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

Asia-Pacific was the largest region in the baggage handling system market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the baggage handling system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The baggage handling system market report table of contents includes:
1. Executive Summary

2. Baggage Handling System Market Characteristics
3. Baggage Handling System Market Trends And Strategies
4. Baggage Handling System Market – Macro Economic Scenario
5. Global Baggage Handling System Market Size and Growth

.

32. Global Baggage Handling System Market Competitive Benchmarking
33. Global Baggage Handling System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Baggage Handling System Market
35. Baggage Handling System Market Future Outlook and Potential Analysis
36. Appendix

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