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The Baggage Handling System Market is projected to grow at a CAGR of 7.28%, from USD 8.4 billion in 2018 to USD 13.7 billion by 2025.
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Baggage Handling System Market by Mode (Airport, Marine, Rail) and Region - Global Forecast to 2025 The Baggage Handling System Market is projected to grow at a CAGR of 7.28%, from USD 8.4 billion in 2018 to USD 13.7 billion by 2025. The increasing focus on improving operational efficiency at airports, growing air passenger volume, and significant developments in intermodal transport are the major factors which will drive the market. The conveying and sorting segment are expected to be the largest contributor in the baggage handling system market, by solution, during the forecast period. The conveying and sorting segment are projected to lead the market, by solution. According to primary insights, sorting is the heart of the total luggage handling system. The exponential increase in air and marine passenger volume for domestic and international travels worldwide has encouraged manufacturers to find ways to improve existing baggage handling technologies with automated sorting. According to Société Internationale de Télécommunications Aéronautiques (SITA), with a rise in automation reflected in increasing use of conveyor systems, the rate of baggage mishandling reduced in 2018 compared to 2017. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222241953 The conveyor type of baggage-handling system is estimated to be the largest market during the forecast period. The conveyor segment is projected to the lead the market, by type. Airports with low passenger traffic use conveyors as the prime transportation medium for baggage. Class C and a few class B airports use the conveyor type luggage handling system. Destination coded vehicle (DCV) is a relatively new technology used in bigger airports with multiple terminals. According to primary insights, DCV is currently the fastest way to transport luggage. The growth in the adoption of DCVs can be attributed to the interlinking of terminals, increase in passenger traffic, and upgrading of airports. In mode of transport, the airport segment is projected to be the largest contributor during the forecast period. The luggage handling system market for airports is estimated to account for the largest market share during the forecast period. Airports contribute almost 95% share of the market. According to primary insights, the airport segment will continue to dominate the market in the next 20–30 years. With aggressive incentives and mandates from the government, India and China have established themselves as leaders in the airport industry. Airport luggage handling systems play an important role in the global economy as they attract many suppliers and manufacturers for business investments. The growth of this market can also be attributed to the increasing percentage of air passenger traffic worldwide. According to the International Air Transport Association (IATA), the global annual average air passenger journeys are projected to grow by about 3.8% from 2014 to 2034. The airports must be equipped with the latest technologies of baggage-handling systems,
which can manage the movement of baggage in and out of the check-in and checkout points at airports. Request Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=222241953 Key Questions addressed by the report 1.What are the upcoming trends and technologies in the baggage handling system market? 2.How important is the role of the government in your region in the development of Market? 3.What would be the share of metros and railways in the total market? 4.How will Resolution 753 change the business landscape of baggage-handling tracking technology? 5.Which are the key players in the market? View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/baggage-handling- system-market-222241953.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430
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