Baggage Conveyor System Market Overview
Baggage conveyor system is an automated conveyor system which is installed at airports. Baggage conveyor system is used to transport checked luggage. The transportation range of baggage conveyor system is usually from ticket counter to those places where they can be loaded onto airplanes or aircrafts. Further, baggage conveyor systems are integrated high speed conveyor system which can perform a number of operations such as security screening, sorting, storage and transportation of baggage.
Market Size & Forecast
The global baggage conveyor system market is anticipated to flourish at a remarkable compound annual growth rate (CAGR) over the forecast period i.e. 2017-2024. The development of new airport terminals and modification of existing airport terminals are some of the major factors which are expected to bolster the growth of global baggage conveyor system market during the forecast period.
In terms of region, global baggage conveyor system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Europe is expected to be the leading market for baggage conveyor system during the forecast period. This growth of baggage conveyor system in Europe region can be attributed to better airport security standards and increasing investment on expansion of airport terminals in this region.CLICK TO DOWNLOAD FREE SAMPLE
North America region is expected to witness satisfactory growth over the forecast period owing to factors such as modification of infrastructure of existing airports in this region. Apart from this, Asia Pacific region is expected to flourish at remarkable pace due to factors such as increasing passenger traffic, development of new airports and rising demand for infrastructural enhancements of existing airports in this region.
Market Segmentation
Our-in depth analysis of the global baggage conveyor system market includes the following segments:
By Component
- Conveyor System
- Sorting Device
- Scanners
- Destination Coded Vehicles
By Sorting System
- Radio-Frequency Identification
- Barcode Scanner System
By Service
- Assisted Baggage Check-in
- Self Service Baggage Check-in
By Region
Global baggage conveyor system market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers and Challenges
Rising security concern at airports across the globe is one of the major factors which are fueling the demand for baggage conveyor system at airport terminals. Further, such factors are expected to drive the growth of global baggage conveyor system in near future.
Additionally, increasing air traffic at airports is also a major concern which is likely to drive the growth of baggage conveyor system market globally. Moreover, increasing number of passengers coupled with rising number of their luggage is escalating the demand for better baggage handling system which is more convenient in terms of operation. Further, this rising demand for baggage handling system at airports is likely to drive the growth of global baggage handling system.
Furthermore, increasing concern towards customer’s satisfaction at airports and rapid modernization of airport terminals to improve overall efficiency are fueling the demand for baggage handling system. Additionally, advancement of airports just to enhance the aircraft turnaround time (time consumed between arrival and again departure of aircrafts) is a major factor which is anticipated to fuel the growth of global baggage conveyor system market during the forecast period.
However, efficiency of baggage conveyor system to handle baggage during peak hours and non-peak hours is a major challenge to the growth of global baggage conveyor system. Additionally, low growth in passenger travels is expected to hamper the growth of global baggage conveyor system market in near future.
Top Featured Companies Dominating the Market
- Alstef
- Company Overview
- Key Product Offerings
- Business Strategy
- SWOT Analysis
- Financial
- Ammeraal Beltech
- Automated Technology Group
- Babcock International Group
- Baglogix
- BB Computerteknikk AS
- Beumer Group
- Cassioli Brasil
- CIMC Airport Facilities
Scope & Context
Overview of the Parent Market
Analyst View
Segmentation
The global baggage conveyor system market is segmented as follows:
- By Components Market Size & Y-O-Y Growth Analysis
- By Service Market Size & Y-O-Y Growth Analysis
- By Sorting System Market Size & Y-O-Y Growth Analysis
- By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
