Future of Baggage Handling System Market Size 2025 Business News

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” Baggage Handling System Market by Mode (Airport, Marine, Rail), Solution (Check-In, Screening & Load, Conveying & Sorting, Unload & Reclaim), Check-In (Assisted, Self), Conveying (Conveyor, DCV), Tracking (Barcode, RFID) and Region – Global Forecast to 2025″
The baggage handling system market is estimated to be USD 8.4 billion in 2018 and projected to reach USD 13.7 billion by 2025, at a CAGR of 7.28%. The demand for baggage handling systems is driven by the growing cruise industry, expansion of airports, and focus on customer satisfaction. Additionally, significant government focus on intermodal transport will accelerate the growth of the baggage handling system market.
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Recent Developments

  • In April 2018, Glidepath and Innovative Travel Solutions (ITS), innovation center of Vancouver International Airport, exhibited the CHECKITXPRESS, a self-service bag drop system, at the 2018 Passenger Terminal Expo, Stockholm. The partnership between Glidepath and ITS allowed for a holistic collaboration driving many of the key features making CHECKITXPRESS a truly unique product.
  • In April 2018, BEUMER Group presented its latest sorter development, BG Sorter, which is optimally prepared to meet the challenges of high-performance sorting. The new sorter family offers the appropriate version for each type of item. The BG Sorter CB (cross belt) offers a reliable solution for sorting any kind of items such as parcels or bagged goods.
  • In October 2017, Vanderlande presented FLEET, its new baggage logistics solution based on the AGV technology, and its Advanced Passenger Checkpoint solutions at inter airport Europe 2017, Munich, Germany.
  • In July 2015, Fives Intralogistics launched GENI-belt BH, the new cross-belt sorter that automates material handling and sorting in postal terminals, courier hubs, and distribution centers.
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“RFID system to be the fastest growing segment for baggage handling system market, by tracking technology.”

The airline industry is a customer service oriented industry, which leads to immense competition. Today, the key challenge for the airport industry is to reduce baggage mishandling. Baggage mishandling can lead to customer dissatisfaction. According to the Ministry of Civil Aviation, between November 2016 and June 2018, domestic Indian airlines received 763 grievances related to baggage—the fourth highest after complaints about flight delays, ticket fares, and check-in and boarding. In response to that, companies and authorities are focusing on the development of an effective baggage handling system. For instance, the International Air Transport Association (IATA) has been working toward ‘Resolution 753’. RFID systems have a better coverage area than barcode systems and do not need to be positioned in the line of sight for scanning. The RFID system segment is expected to show strong growth in the coming years, with Resolution 753 mandates. However, according to primary insights, Resolution 753 will never discard barcode systems completely

“Asia Oceania to be the largest market for baggage handling systems.”

Asia Oceania is expected to provide lucrative opportunities in the baggage handling system market. Factors such as strong economic growth, increasing focus on development of smart cities, and favorable government policies for improving air connectivity have triggered the demand for baggage handling systems in the region. Due to the ever-growing air passenger traffic, China accounts for the highest market share of the total Asia Oceania baggage handling system market. Additionally, with a significant focus of the government on development of new airports, India is expected to play a key role in the baggage handling system industry in the Asia Oceania region. For instance, the Indian government plans to construct 100 new airports with an investment of about USD 60 billion in the next 10–15 years. On the other hand, Europe and the Americas have matured markets for the baggage handling systems.
The baggage handling system market is dominated by few global players and comprises several regional players as well. The key players in the baggage handling system market are Siemens (Germany), Vanderlande Industries (Netherlands), Daifuku (Japan), Pteris Global Limited (Singapore), BEUMER (Germany), and SITA (Switzerland).
Location: United States

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