New Revenue Pockets - Baggage Handling System Market

1. MarketsandMarkets Presents Baggage Handling System Market worth $13.7 billion by 2025 https://www.marketsandmarkets.com/Market-Reports/baggage-handling-system-market-222241953.html

2. The report "Baggage Handling System Market by Mode (Airport, Marine, Rail), Solution (Check-In, Screening & Load, Conveying & Sorting, Unload & Reclaim), Check-In (Assisted, Self), Conveying (Conveyor, DCV), Tracking (Barcode, RFID) and Region - Global Forecast to 2025", The global baggage handling system market is projected to reach USD 13.7 billion by 2025 from USD 8.4 billion in 2018, at a CAGR of 7.28%. The growing focus on improving air connectivity and the development of intermodal transport will drive the baggage handling system market. Additionally, the rising smart city projects and growing maritime industry are also expected to drive the demand for baggage handling systems. Factors such as complex architecture and high level of initial investments are restricting the growth of this market. However, an increase in passenger and cargo traffic with a limited airport space provides new growth opportunities for the market players. Get The PDF Brochure For This Report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222241953 Browse 76 market data Tables and 45 Figures spread through 163 Pages and in-depth TOC on "Baggage Handling System Market” https://www.marketsandmarkets.com/Market-Reports/baggage-handling-system-market-222241953.html

3. Conveying and sorting to be the largest segment, by solution The conveying and sorting segment is projected to lead the baggage handling system market, by solution. According to primary insights, sorting is the heart of the total baggage handling system. The exponential increase in air and marine passenger volume for domestic and international travels worldwide has encouraged baggage handling system manufacturers to find ways to improve existing baggage handling technologies with automated sorting. According to Société Internationale de TélécommunicationsAéronautiques (SITA), with a rise in automation reflected in increasing use of conveyor systems, the rate of baggage mishandling reduced in 2018 compared to 2017. RFID system to be the fastest growing segment for baggage handling system market, by tracking technology The airline industry is a customer service oriented industry, which leads to immense competition. Today, the key challenge for the airport industry is to reduce baggage mishandling. Baggage mishandling can lead to customer dissatisfaction.  Request Sample of the report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=222241953

4. Asia Oceania to be the largest market for baggage handling systems Asia Oceania is expected to provide lucrative opportunities in the baggage handling system market. Factors such as strong economic growth, increasing focus on development of smart cities, and favorable government policies for improving air connectivity have triggered the demand for baggage handling systems in the region. Due to the ever-growing air passenger traffic, China accounts for the highest market share of the total Asia Oceania baggage handling system market. Additionally, with a significant focus of the government on development of new airports, India is expected to play a key role in the baggage handling system industry in the Asia Oceania region. The baggage handling system market is dominated by few global players and comprises several regional players as well. The key players in the baggage handling system market are Siemens (Germany), Vanderlande Industries (Netherlands), Daifuku (Japan), Pteris Global Limited (Singapore), BEUMER (Germany), and SITA (Switzerland). Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=222241953

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