Global Airport Transit Baggage Vehicle Market 2018-2022
About Airport Transit Baggage Vehicle
Transit baggage vehicles are used by airports, airlines, and ground handling service providers for transporting the baggage from the terminal to the aircraft and vice-versa.
Technavio’s analysts forecast the global airport transit baggage vehicle market to grow at a CAGR of 5.99% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global airport transit baggage vehicle market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Airport Transit Baggage Vehicle Market 2018-2022
Technavio recognizes the following companies as the key players in the global airport transit baggage vehicle market: ALVEST, Eagle Tugs (Tronair), Harlan Global Manufacturing, TOYOTA INDUSTRIES, and Textron.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is collective pooling of airside equipment. Airports use ground handling vehicles processes, of which baggage handling vehicles from a major part. Conventionally, these are owned or leased by individual ground handlers through contracts with various airlines.”
According to the report, one driver in the market is growth in air passenger traffic. Economic development has raised the demand for air travel in the past five years. This has led airline operators to significantly invest in modernizing and increasing their ground handling fleets to meet the growing demand.
Further, the report states that one challenge in the market is unexpected delay in airport construction. New airport construction is time-consuming and is usually carried out in phases. It involves significant investment and, on several occasions, gets delayed due to its large supply chain.
ALVEST, Eagle Tugs (Tronair), Harlan Global Manufacturing, TOYOTA INDUSTRIES, and Textron.