Airport Baggage Handling System Market worth $9.36 billion by 2020 Airport baggage handling system market-converted

Airport Baggage Handling System Market worth $9.36 billion by 2020
The airport baggage handling system market is estimated at USD 6.45 billion in 2015. It is
projected to grow at a CAGR of 7.72% to reach USD 9.36 billion by 2020. The factors that are
expected to fuel the growth of the airport baggage handling system market are the increase in air
travel by people all over the world, modernization of airports, enhancement of airports’ efficiency
and customer satisfaction, and improvement of aircraft turnaround time, and others.
The airport baggage handling system market is expected to grow rapidly in the North America,
Asia-Pacific, and European regions. This report segments the Airport baggage handling system
market by airport class (class A, class B, & class C), by identification technology (barcode &
RFID), by service type (self-service bag check-in, & assisted service bag check-in), by BHS type
(conveyors & destination-coded vehicles), by efficiency (below 3000, 3000 to 6000, & above
6000), and by region.
The airport baggage handling system market is a very competitive market with a mix of key global
and local players. This market is dominated by Siemens AG (Germany), Vanderlande Industries
(Netherland), Daifuku Company Ltd (Japan), Pteris Global Limited (Singapore), and Beumer
Group (Germany). In 2015, these companies together accounted for ~78.0% of the total airport
baggage handling systems market. The major market players have adopted various strategies to
expand their global presence and increase their market share. Partnerships, mergers & acquisitions,
and new product development are the key strategies adopted by these key players to improve their
market share in the Airport baggage handling systems market. The airport baggage handling
system market highly depends on airport and airline development. According to CAPA, by 2020,
340 new airport projects in Asia Pacific are expected to be developed, which will trigger the market
growth in Asia Pacific region.
Siemens AG is the largest company, by value, in the airport baggage handling system market. This
company has a strong market position and brand name for the production of the most versatile
range of airport baggage handling and related systems. This company invests heavily in the R&D
activities pertaining to the infrastructure and cities segment of this company. This company also
plans to enlarge its airport baggage handling system product portfolio to cater to its various
customers all around the world, while establishing itself as a strong player in the market.
To know about the assumptions considered for the study :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=955
Vanderlande is one of the major manufacturers of airport baggage handling systems for airports
and sorting systems for the parcel and postal services. This company focuses on contracts with
eminent clientele to enhance its existing customer base. It has a very strong product line through
which it gets the competitive advantage in this industry with the most distinct clients in the market.
The products are reliable, and provide operational efficiency with the lowest possible life cycle
costs and minimum maintenance requirements, which help this company to maintain their
customer relationships well.
Siemens (Germany), Vanderlande Industries (Netherland), Daifuku Company (Japan), Pteris
Global (Singapore), Beumer Group (Germany), Grenzebach Maschinenbau (Germany), BCS