According to a new market report published by
Lucintel, the future of the global commercial airport baggage handling system
market looks good with opportunities in the conveyor system, scanner, and sorting
device market. The global commercial airport baggage handling system market is forecast
to grow at a CAGR of 4.0% from 2016 to 2021. The major drivers of growth for
this market are construction of new airport terminals and the expansion of
existing facilities.
In this market, barcode system and radio
frequency identification system (RFID) are some of the major segments. On the
basis of its comprehensive research, Lucintel forecasts that the RFID segment
is expected to show above average growth during the forecast period.
Within the global commercial baggage handling
system market, the conveyor system segment is expected to remain as the largest
market. Newly constructed and upgraded airports will be equipped with
interlinked baggage conveyor system, which would spur growth for this segment
over the forecast period.
Europe is expected to remain the largest
market due to tightening of the airport security standards and increasing
investments in the terminal expansions.
Asia Pacific and Rest of the World are expected
to witness significant growth over the forecast period because of growth in the
passenger traffic, setting up of new airports, and huge demand for airport infrastructural
improvement.
For market expansion, report suggests innovation
and new product development to provide automatic and customized baggage
handling solutions to the customers. The report further suggests the
development of partnerships with customers to create win-win situations and
development of low-cost solutions for customers.
.
Emerging trends, which have a direct impact on
the dynamics of the industry, include the introduction of home-printed bag tag
solutions to enable the passengers in printing their own bag tag at office or
home, development of auto bag drop solutions, and hybrid check-in system for
passengers to help the airlines in managing long queues effectively. Vanderlande
Industries B.V., Siemens AG, Beumer Group, Daifuku, and Pteris Global Limited are
the major baggage handling system manufacturers in the global commercial
airport baggage handling system market. Some companies are opting for merger and
acquisition as strategic initiatives for driving growth.
Lucintel,
a leading global strategic consulting and market research firm,
has analyzed opportunities in the global commercial airport baggage handling
system market by sorting technology,
component, and regions and has come up with a comprehensive
research report, “Growth Opportunities in the Global
Commercial Airport Baggage Handling System Market 2016-2021: Trends, Forecast,
and Market Analysis”. The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global commercial airport baggage handling
system market through 2021, segmented by sorting
technology, component, and regions as follows:
By Sorting Technology ($ billion from 2010 to
2021):
·
Barcode System
·
RFID System
By Components ($ billion from 2010 to 2021):
·
Conveyor System
·
Scanner
·
Sorting Device
·
Destination Coded Vehicle
By region ($ billion from 2010 to 2021):
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This
139-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/commercial_airport_baggage_handling_system_market_2021.aspx
or
helpdesk@lucintel.com. Lucintel offerings include mass
transportation, transportation
market report, commercial due diligence
report, strategic
growth consulting and market research due
diligence.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q. 1 What are some of the potential, high-growth
opportunities are for commercial airport baggage handling system market by sorting
technology, components, and regions?
Q. 2.
Which segments will grow at a faster pace and why?
Q. 3. Which
region will grow at a faster pace and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5.
What are the business risks and
threats of this market?
Q.6 What are emerging trends in this market and
reasons behind them?
Q.7 What are some changing demands of customers
in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are taken by key players for business growth?
Q.10 How is the competitive rivalry and threat of
substitution in this market?
Q.11. How many M & A
activities happened during last 1- 2 years and what are their impacts?
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