The Global Commercial Airport Baggage Handling System Market was $23.31 billion in 2013 and is expected to grow at a CAGR of 7.17% to reach $37.86 billion by 2020.APAC accounted for the largest share of the baggage handling system market revenue in 2014 at $7.26 billion and is expected to reach $11.40 billion by 2020, at a CAGR of 7.52% from 2013 to 2020.
The European Airlines have made a remarkable progress to reduce the bag mishandling rate per thousand passengers to a historic low in 2013. In regions such as North America and Asia-Pacific, airlines have experienced a small setback in the rate of bags being mishandled when compared to the previous years.
According to new market research, "Airport Baggage Handling Systems Market by Sorting Systems (Barcode Systems, RFID Systems, and Vacuum Systems), by Belts (Flat, Angular, and Vertical), and by Geography (North America, Latin America, Asia-Pacific, Middle East, and Africa) - Forecast Analysis to 2013 - 2020" the global baggage handling system market size is expected to grow from $23.31 billion in 2013 to $37.86 billion by 2020, at a CAGR of 7.17% from 2013 to 2020.
The growth regions will be Asia-Pacific, Africa, and the Middle East. Countries such as China, Japan, Singapore, Turkey, and UAE are expected to demonstrate a higher growth level in the market through the forecast period.
Developments that surround airport expansions, up gradation, new terminals, and new airports have been on the rise due to airport charges levied by Tier I airports, which in turn put off many carriers. This in turn has shifted the focus to Tier II and III airports, which currently do not have the capability to handle international flights. The airports will have to be worked upon with regards to its expansion and up gradation, which is where the actual market for this industry actually opens up.
The Tier I airports will have renovations/expansions/up gradations, which will have to be done at a quick pace since it can affect the complete profitability of the airports and the customer satisfaction.
The purpose of this report is to identify the business opportunities that arise from new airports, terminals, or any airport expansion/up gradation. Baggage handling systems (BHS) play a crucial role at airports in order to keep the travelers’ luggage safe and reduce the unnecessary delay. It is a major factor by which an airport can attract investments or various airlines to operate through them or to be an air transport hub.
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The report provides the market size of the global commercial airport baggage handling system market over the next seven years (2013-2020) and also talks of the market share by region. Services rendered and costs are two major factors of the airlines’ business units whose impact can only be positive if they are transparent, efficient, and have a safe baggage handling process.
There are major airport expansions presently going on in many countries such as the U.S., China, Brazil, UAE, Russia, Saudi Arabia, India, and others. Many Brownfield and Greenfield airport expansions and constructions are expected to trigger immense opportunities for the airport BHS market.
This report analyzes the factors that drive the commercial airport BHS market, factors that restrain the growth of the commercial airport BHS market, and the challenges faced in this market.
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