Lucintel Blog: Lucintel Forecasts Commercial Airport Baggage Handling System Market to Reach $2.0 Billion by 2027

Tuesday, October 18, 2022

Lucintel Forecasts Commercial Airport Baggage Handling System Market to Reach $2.0 Billion by 2027

According to the recent study the commercial airport baggage handling system market is projected to reach an estimated $2.0 billion by 2027 from $1.1 billion in 2021, at a CAGR of 9.8% from 2021 to 2027. Growth in this market is primarily driven by modernization of airports and rise in terminal expansion program.

Browse 58 figures / charts and 35 tables in this 139 -page report to understand trends, opportunities and forecast in commercial airport baggage handling system market by sorting technology (barcode system, and RFID system), components (conveyor system, scanner, sorting device, and destination coded vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/commercial-airport-baggage-handling-market.aspx.

“Conveyor system market is expected to remain the largest segment during the forecast period.”

Based on components, the commercial airport baggage handling system market is segmented into conveyor system, scanner, sorting device, and destination coded vehicles. Lucintel forecasts that the conveyor system market is expected to remain the largest segment due to rise in the number of air passengers and the increasing need for efficient transportation and storage of baggage.

“Europe will dominate the commercial airport baggage handling system market in near future.”

Europe is expected to remain the largest market due to tightening of the airport security standards and increasing investments in the terminal expansions, whereas 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.

Download Brochure of this report by clicking on https://www.lucintel.com/commercial-airport-baggage-handling-market.aspx.

Major players of commercial airport baggage handling system market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Vanderlande Industries B.V., Siemens AG, Beumer Group, Daifuku, and Pteris are among the major commercial airport baggage handling system providers.

This unique 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 https://www.lucintel.com/commercial-airport-baggage-handling-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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