According to a recent report published by Allied Market Research, titled,“Airport Baggage Handling Systems Marketย by Airport Class, Service, Type, and Technology: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,”the global airport baggage handling systems market was valued at $8,504.2 million in 2017, and is projected to reach $14,509.9 million by 2025, growing at a CAGR of 6.7% from 2018 to 2025.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/3312
Class A airports segment to lead through 2025 in terms of revenue
Class A airports segment generated nearly half of the total market revenue in 2017, owing to the high preference for this class. This segment would maintain its lead position during the forecast period. However, Class B airports segment would register the highest CAGR of 7.7% from 2018 to 2025, owing to rise in the number of domestic airports. The Class C airports segment is projected to grow at a steady rate during the forecast period.
Assisted service segment to dominate through 2025
Assisted service segment accounted for the highest share, i.e. nearly 90% of the total revenue in 2017, as it is a globally adopted method of assist passengers, especially non-frequent flyers. This segment would continue to dominate the global market throughout the forecast period. However, the self-service segment would grow at the fastest CAGR of 8.3% from 2018 to 2025 due to high efficiency, less waiting time, and large number of self-service counters.
Conveyors segment to remain dominant by 2025
Conveyors segment contributed more than two-thirds share of the total revenue in 2017, as it is the most commonly used traditional method of carrying baggage of various sizes and shapes. This segment would maintain its lead by 2025. However, destination coded vehicles segment would contribute the highest CAGR of 7.8% from 2018 to 2025, owing to higher accuracy and lower baggage mishandling cases as compared to conveyors.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/airport-baggage-handling-system-market/purchase-options
Barcode segment to maintain its lead position during the forecast period
Barcode segment contributed more than three-fourths share of the total revenue in 2017, owing to their widespread implementation worldwide. This segment would continue its dominance during the forecast period. However, RFID technology segment would grow at the highest CAGR of 8.7% from 2018 to 2025, owing to its high baggage tracking accuracy and technological advancements in this technology.
North America to maintain its dominant position by 2025
North America accounted for more than one-third share of the total revenue in 2017 and is expected to maintain its dominant position by 2025. This is due to the large number of airports in the region and modernization of existing airports. However, LAMEA region would grow the highest CAGR of 9.6% from 2018 to 2025, owing to increase in developments and modernization of airports.
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Based on airport class, the class A segment led the global airport baggage handling systems market in 2017. However, the class B segment is anticipated to grow at the highest CAGR during the forecast period.
North America held a major market share in 2017.
By technology, the barcode segment dominated the global airport baggage handling systems market in 2017.
LAMEA is anticipated to exhibit the highest CAGR in the near future.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/3312
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Siemens AG, Beumer Group, G&S Airport Conveyor, Vanderlande Industries B.V., Daifuku Co. Ltd., Pteris Global Limited, Fives Group, Grenzebach Group, Logplan LLC, and Glidepath Group. These market players have adopted several strategies including partnership, expansion, collaboration, joint ventures, and others to gain a stronghold in the industry.
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