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 observed in the historical period can be explained by several factors, the rise in air passenger traffic, increasing demand for smooth travel experiences, heightened investments by airport authorities, the need for adaptable and scalable baggage handling solutions, and the growing 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 forecasted growth can be attributed to several factors include the increase in air passenger traffic, rising demand for real-time tracking, greater adoption of RFID technology, expanding e-commerce and cargo volumes, and the need for cloud-based solutions. Key trends expected in the forecast period include advancements in automated sorting and loading systems, the integration of AI and machine learning, the incorporation of IoT devices for real-time monitoring, adoption of cloud-based platforms for data storage and analysis, and the implementation of biometric scanning.
The projected growth of the baggage handling system market is expected to be driven by the expansion of the tourism industry. This sector encompasses various services for travelers, including transportation, accommodations, attractions, and hospitality. Growth in tourism is spurred by improved infrastructure, economic expansion, increasing disposable incomes, globalization, and enhanced accessibility to travel information. Baggage handling systems play a crucial role in supporting tourism by efficiently managing luggage, thereby ensuring a seamless travel experience for tourists and enhancing satisfaction and operational efficiency for travel service providers. For example, in 2023, according to the Croatian Bureau of Statistics, commercial accommodation establishments in Croatia experienced significant growth, with 17.8 million tourist arrivals and 90 million overnight stays in 2022, marking respective increases of 39.1% and 28.3% compared to 2021. Thus, the expansion of the tourism industry is a key driver of growth in the baggage handling system market.
Leading companies in the baggage handling system market are actively developing cutting-edge technologies, such as advanced automation solutions, aimed at enhancing the speed and precision of baggage handling operations. These innovations not only bolster efficiency, accuracy, and capacity but also bolster security measures, reduce labor costs, and elevate the overall passenger experience. For example, Beumer Group GmbH & Co. KG, headquartered in Germany, introduced its Next-Gen Line Sorter and Pouch Systems in July 2022. The BG Line Sorter merges the simplicity of a traditional line sorter with the handling capabilities of a high-speed cross-belt sorter, offering a modular design that optimizes space in distribution centers. Featuring highly durable belts, it ensures minimal maintenance requirements. Meanwhile, the BG Pouch System serves as a versatile single-sortation solution capable of buffering, sorting, sequencing, and managing item returns with minimal manual intervention.
In August 2022, Belt Power LLC, a company based in the United States specializing in baggage handling systems, acquired Engineered Components Inc. for an undisclosed sum. This acquisition aims to enhance Belt Power's proficiency in material handling and stimulate its organic growth. By integrating Engineered Components Inc., Belt Power extends its footprint within airports, postal services, and package handling centers. Engineered Components Inc., also based in the US, specializes in providing solutions for baggage handling systems.
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.
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.
The countries covered in the baggage handling system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A baggage handling system (BHS) is an automated system utilized in airports to efficiently transport 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 primary goal of a baggage handling system is to streamline the check-in and baggage retrieval processes, enhance passenger experience, and ensure efficient delivery of luggage to its intended destination.
There are two main types of baggage handling systems, destination coded vehicles (DCVs) and conveyors. DCVs are automated vehicles within airport baggage handling systems that transport luggage to specific destinations within the airport, such as sorting areas or directly to the correct aircraft. These systems employ various technologies including radio-frequency identification (RFID) and barcode scanning for applications across airport check-in, security screening, sorting, transfer, and baggage reclaim systems in airport, railway, and marine environments.
The baggage handling system market research report is one of a series of new reports that provides baggage handling system market statistics, including the baggage handling system industry global market size, regional shares, competitors with baggage handling system market share, detailed baggage handling system market segments, market trends, and opportunities, and any further data you may need to thrive in the baggage handling system industry. These baggage handling system market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The baggage handling system market consists of revenues earned by entities by providing services such as design and consultation, installation and integration, maintenance and repair, security screening, and automation and control systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The baggage handling system market also includes sales of sorters, scanners, RFID readers, automated guided vehicles (AGVs), and baggage carousels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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 forecasted growth can be attributed to several factors include the increase in air passenger traffic, rising demand for real-time tracking, greater adoption of RFID technology, expanding e-commerce and cargo volumes, and the need for cloud-based solutions. Key trends expected in the forecast period include advancements in automated sorting and loading systems, the integration of AI and machine learning, the incorporation of IoT devices for real-time monitoring, adoption of cloud-based platforms for data storage and analysis, and the implementation of biometric scanning.
The projected growth of the baggage handling system market is expected to be driven by the expansion of the tourism industry. This sector encompasses various services for travelers, including transportation, accommodations, attractions, and hospitality. Growth in tourism is spurred by improved infrastructure, economic expansion, increasing disposable incomes, globalization, and enhanced accessibility to travel information. Baggage handling systems play a crucial role in supporting tourism by efficiently managing luggage, thereby ensuring a seamless travel experience for tourists and enhancing satisfaction and operational efficiency for travel service providers. For example, in 2023, according to the Croatian Bureau of Statistics, commercial accommodation establishments in Croatia experienced significant growth, with 17.8 million tourist arrivals and 90 million overnight stays in 2022, marking respective increases of 39.1% and 28.3% compared to 2021. Thus, the expansion of the tourism industry is a key driver of growth in the baggage handling system market.
Leading companies in the baggage handling system market are actively developing cutting-edge technologies, such as advanced automation solutions, aimed at enhancing the speed and precision of baggage handling operations. These innovations not only bolster efficiency, accuracy, and capacity but also bolster security measures, reduce labor costs, and elevate the overall passenger experience. For example, Beumer Group GmbH & Co. KG, headquartered in Germany, introduced its Next-Gen Line Sorter and Pouch Systems in July 2022. The BG Line Sorter merges the simplicity of a traditional line sorter with the handling capabilities of a high-speed cross-belt sorter, offering a modular design that optimizes space in distribution centers. Featuring highly durable belts, it ensures minimal maintenance requirements. Meanwhile, the BG Pouch System serves as a versatile single-sortation solution capable of buffering, sorting, sequencing, and managing item returns with minimal manual intervention.
In August 2022, Belt Power LLC, a company based in the United States specializing in baggage handling systems, acquired Engineered Components Inc. for an undisclosed sum. This acquisition aims to enhance Belt Power's proficiency in material handling and stimulate its organic growth. By integrating Engineered Components Inc., Belt Power extends its footprint within airports, postal services, and package handling centers. Engineered Components Inc., also based in the US, specializes in providing solutions for baggage handling systems.
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.
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.
The countries covered in the baggage handling system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A baggage handling system (BHS) is an automated system utilized in airports to efficiently transport 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 primary goal of a baggage handling system is to streamline the check-in and baggage retrieval processes, enhance passenger experience, and ensure efficient delivery of luggage to its intended destination.
There are two main types of baggage handling systems, destination coded vehicles (DCVs) and conveyors. DCVs are automated vehicles within airport baggage handling systems that transport luggage to specific destinations within the airport, such as sorting areas or directly to the correct aircraft. These systems employ various technologies including radio-frequency identification (RFID) and barcode scanning for applications across airport check-in, security screening, sorting, transfer, and baggage reclaim systems in airport, railway, and marine environments.
The baggage handling system market research report is one of a series of new reports that provides baggage handling system market statistics, including the baggage handling system industry global market size, regional shares, competitors with baggage handling system market share, detailed baggage handling system market segments, market trends, and opportunities, and any further data you may need to thrive in the baggage handling system industry. These baggage handling system market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The baggage handling system market consists of revenues earned by entities by providing services such as design and consultation, installation and integration, maintenance and repair, security screening, and automation and control systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The baggage handling system market also includes sales of sorters, scanners, RFID readers, automated guided vehicles (AGVs), and baggage carousels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Baggage Handling System Market Characteristics3. Baggage Handling System Market Trends and Strategies32. Global Baggage Handling System Market Competitive Benchmarking33. Global Baggage Handling System Market Competitive Dashboard34. Key Mergers and Acquisitions in the Baggage Handling System Market
4. Baggage Handling System Market - Macro Economic Scenario
5. Global Baggage Handling System Market Size and Growth
6. Baggage Handling System Market Segmentation
7. Baggage Handling System Market Regional and Country Analysis
8. Asia-Pacific Baggage Handling System Market
9. China Baggage Handling System Market
10. India Baggage Handling System Market
11. Japan Baggage Handling System Market
12. Australia Baggage Handling System Market
13. Indonesia Baggage Handling System Market
14. South Korea Baggage Handling System Market
15. Western Europe Baggage Handling System Market
16. UK Baggage Handling System Market
17. Germany Baggage Handling System Market
18. France Baggage Handling System Market
19. Italy Baggage Handling System Market
20. Spain Baggage Handling System Market
21. Eastern Europe Baggage Handling System Market
22. Russia Baggage Handling System Market
23. North America Baggage Handling System Market
24. USA Baggage Handling System Market
25. Canada Baggage Handling System Market
26. South America Baggage Handling System Market
27. Brazil Baggage Handling System Market
28. Middle East Baggage Handling System Market
29. Africa Baggage Handling System Market
30. Baggage Handling System Market Competitive Landscape and Company Profiles
31. Baggage Handling System Market Other Major and Innovative Companies
35. Baggage Handling System Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Baggage Handling System Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on baggage handling system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for baggage handling system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The baggage handling system market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Destination Coded Vehicle (DCV); Conveyor2) 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
Key Companies Mentioned: Siemens AG; Babcock International Group PLC; Daifuku Co. Ltd.; Vanderlande Industries B.V.; Fives Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 10.31 Billion |
Forecasted Market Value ( USD | $ 14.14 Billion |
Compound Annual Growth Rate | 8.2% |
Regions Covered | Global |