Smart Baggage Handling System

Smart Baggage Handling System

Global Smart Baggage Handling System Market to Reach $8.5 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Smart Baggage Handling System estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$8.5 Billion by 2027, growing at a CAGR of 19.1% over the period 2020-2027. Airport, one of the segments analyzed in the report, is projected to record 20.2% CAGR and reach US$6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Railway Station segment is readjusted to a revised 17% CAGR for the next 7-year period.

The U.S. Market is Estimated at $744.3 Million, While China is Forecast to Grow at 18.4% CAGR

The Smart Baggage Handling System market in the U.S. is estimated at US$744.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 18.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 16.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.

Select Competitors (Total 44 Featured) -

• Alstef Automation SA
• Beumer Group GmbH & Co. KG
• Daifuku Co., Ltd.
• Fives Group
• G&S Airport Conveyor
• Pteris Global Limited
• Scarabee
• SITA
• Vanderlande Industries BV

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