The Global Airport Baggage and Cargo Handling Market
Frost & Sullivan’s conservative estimate of the global airport baggage and cargo handling market is roughly $ billion for 2013.
The services segment was found to be the most stable revenue generator. New airport construction, which lays the foundation for baggage and cargo handling, offers sporadic opportunities compared to the higher upkeep and maintenance required at older airports.
Asia leads the market, as China plans to invest an estimated $ million in the construction of someto regional airports by 2015. The Middle East placed 2nd in the market, as its airlines recorded large increases of passenger traffic in 2013, prompting several sizeable projects for new and expanded handling systems.
Crisplant (BEUMER Group), Vanderlande Industries, and Siemens were the most active companies in 2013, claiming the largest share of contracts for that year. Several other notables included Daifuku Logan, SACO, BCS Group, Alstef, and Parson, all of which landed significant contracts and, while uncorroborated, may have subcontracted on larger projects.
One of the most prevalent trends for baggage handling systems (BHSs) are self-service technologies, including remote baggage drop-off sites, permanent bag tags, and self-check-in kiosks. In Europe, where rail transportation is a popular connection method to airports, baggage handling can begin at some designated train stations.
The rise in passengers and economic growth drives the airport baggage and cargo handling market. However, the increased number of travelers requires more security, which boosts costs and slows the handling process.
About this report
Baggage and cargo handling is essential to airport operations and can cause complications in the event of failure, ranging from lost luggage to widespread disruption of airport operations. Furthermore, airports around the globe are expanding or being built, which creates opportunities for new baggage and cargo handling facilities. This insight takes a global snapshot of the airport baggage and cargo handling market to furnish the following elements of essential information: market participants, airport baggage handling projects, market trends, and market drivers and restraints. The base year used is 2013.
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