Global Airport Baggage Handling System Industry

Global Airport Baggage Handling System Industry

  • April 2021 •
  • 275 pages •
  • Report ID: 2052124 •
  • Format: PDF
Abstract:
- Global Airport Baggage Handling System Market to Reach $13.1 Billion by 2027
- Amid the COVID-19 crisis, the global market for Airport Baggage Handling System estimated at US$8.4 Billion in the year 2020, is projected to reach a revised size of US$13.1 Billion by 2027, growing at aCAGR of 6.5% over the period 2020-2027. RFID, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$9.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Barcode segment is readjusted to a revised 4.2% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 10% CAGR
- The Airport Baggage Handling System market in the U.S. is estimated at US$2.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2027 trailing a CAGR of 10.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

- Select Competitors (Total 44 Featured) -
  • BCS Group (New Zealand)
  • BEUMER Group A/S
  • Daifuku Co., Ltd.
  • Fives Group
  • G&S Airport Conveyor
  • Grenzebach Maschinenbau GmbH
  • Logplan LLC
  • Pteris Global Limited (Singapore)
  • Siemens AG
  • Vanderlande Industries BV