Press Release

Global Baggage Handling System Market to Reach Nearly USD 18.42 Billion by 2032, Aided by the Rising Utilisation of Innovative Baggage Handling Systems in Airports

Global Baggage Handling System Market

According to a new report by EMR titled, ‘Global Baggage Handling System Market Report and Forecast 2024-2032’, the global baggage handling system market attained a value of nearly USD 10.00 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 7.02% to reach about USD 18.42 billion by 2032.

The growing deployment of innovative baggage handling systems in airports to reduce tug traffic while boosting energy-efficiency is propelling the market growth. In addition, the rising demand for RFID and AI-enabled baggage handling systems to surge the accuracy and cost-effectiveness of baggage handling while enhancing passenger experiences in airports and railway stations, among others, is aiding the market. Various airports are also increasingly investing to future-proof their operations by installing baggage handling systems with enhanced technologies. Such systems offer fast baggage transfers with trackability, low operating costs, and data transparency, which is expected to invigorate the market growth. Moreover, with the rising security concerns, leading companies are attempting to integrate innovative solutions such as Explosive Detection System (EDS) in baggage handling systems, which is anticipated to support the market in the forecast period.

 

Some of the significant companies in the market are Daifuku Co., Ltd. (TYO: 6383) and Vanderlande Industries B.V. The latter’s new baggage handling system at Shenzhen Bao’an International Airport Satellite Terminal in China went live. It is designed to serve an extra 22 million passengers per year. The main part of the system was installed in a new satellite expansion to the north in terminal 3 of the airport. The system has a total length of nearly 20 kilometres and includes Terminal 3, high-speed TUBTRAX (7m/s) ICS in the tunnel area and TUBTRAX individual carrier system (ICS) in the satellite terminal. It also features carousels and conveyors for flight makeup and ten transfer check-in desks while incorporating a mixed flow of large and standard carriers. Moreover, the company supplied the airport with its VIBES software for both high and low-level controls.

 

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Market Analysis by Technology, Type, Solution, Application, and Region:

  • The market, on the basis of technology, can be divided into barcode and radio-frequency identification (RFID).
  • Based on type, the market can be divided into conveyor and destination coded vehicle (DCV).
  • The major solutions of baggage handling system include check-in, screening and load, conveying and sorting, and unload and reclaim.
  • By application, the market is classified into airport, railway, and marine, among others.
  • The regional markets for baggage handling system include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Key Findings of the Report:

  • The increasing airport passenger traffic and improvements in air connectivity are bolstering the market growth.
  • The market is being propelled by the increasing launches of automated and advanced baggage handling systems by the leading companies.
  • The increasing investments in airport development and expansion activities by various governments are driving the demand for baggage handling systems.
  • The adoption of innovative technologies to upgrade passenger safety and security in airports is surging the use of baggage handling systems.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for baggage handling system for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the technologies, types, solutions, applications, and major regions of baggage handling system.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the global baggage handling system market are Vanderlande Industries B.V., Siemens Logistics GmbH, Beumer Group GmbH & Co. KG, Daifuku Co., Ltd., Pteris Global Limited, and G&S Airport Conveyor, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

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