Growth Opportunities in the Global Commercial Airport Baggage Handling System Market 2016-2021: Trends, Forecast, and Market Analysis, May 2016
According to a new market report published by airport baggage handling system market looks good with opportunities in the conveyor system,scanner, and sorting device market. The global commercial airport baggage handling systemmarket is forecast to grow at a CAGR of 4.0% from 2016 to 2021. The major drivers of growth forthis market are construction of new airport terminals and the expansion of existing facilities.
In this market, barcode system and radio frequency identification system (RFID) are some of themajor segments. On the basis of its comprehensive research, Lucintel forecasts that the RFIDsegment is expected to show above average growth during the forecast period.
Within the global commercial baggage handling system market, the conveyor system segment isexpected to remain as the largest market. Newly constructed and upgraded airports will beequipped with interlinked baggage conveyor system, which would spur growth for this segmentover the forecast period.
Europe is expected to remain the largest market due to tightening of the airport securitystandards and increasing investments in the terminal expansions. Asia Pacific and Rest of the
World are expected to witness significant growth over the forecast period because of growth inthe passenger traffic, setting up of new airports, and huge demand for airport infrastructuralimprovement.
For market expansion, report suggests innovation and new product development to provideautomatic and customized baggage handling solutions to the customers. The report furthersuggests the development of partnerships with customers to create win-win situations anddevelopment of low-cost solutions for customers.
Emerging trends, which have a direct impact on the dynamics of the industry, include theintroduction of home-printed bag tag solutions to enable the passengers in printing their own bagtag at office or home, development of auto bag drop solutions, and hybrid check-in system forpassengers to help the airlines in managing long queues effectively. Vanderlande Industries B.V.,
Siemens AG, Beumer Group, Daifuku, and Pteris Global Limited are the major baggage handlingsystem manufacturers in the global commercial airport baggage handling system market. Somecompanies are opting for merger and acquisition as strategic initiatives for driving growth.opportunities in the global commercial airport baggage handling system market by sortingtechnology, component, and regions and has come up with a comprehensive research report,“Growth Opportunities in the Global Commercial Airport Baggage Handling System Market2016-2021: Trends, Forecast, and Market Analysis”. The Lucintel report serves as a springboard for growth strategy as it provides a comprehensive data and analysis on trends, keydrivers, and directions. The study includes a forecast for the global commercial airport baggagehandling system market through 2021, segmented by sorting technology, component, andregions as follows:
By Sorting Technology ($ billion from 2010 to 2021):
By Components ($ billion from 2010 to 2021):
Destination Coded Vehicle
By region ($ billion from 2010 to 2021):
Rest of the World
This report answers following 11 key questions:
Q. 1 What are some of the potential, high-growth opportunities are for commercialairport baggage handling system market by sorting technology, components, andregions?
Q. 2. Which segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers andchallenges of the market?
Q.5. What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leadingthese developments?
Q.9 Who are the major players in this market? What strategic initiatives are taken bykey players for business growth?
Q.10 How is the competitive rivalry and threat of substitution in this market?
Q.11. How many M & A activities happened during last 1- 2 years and what are theirimpacts?
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in thismarket. This report will save hundreds of hours of your own personal research time and willsignificantly benefit you in expanding your business in this market. In today’s stringent economy,you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. Thismarket report fulfills this core need and is an indispensable reference guide for multinationalmaterials suppliers, product manufacturers, investors, executives, distributors, and many morethat operate in this market.
Some of the features of “Growth Opportunities in the Global Commercial Airport Baggage
Handling System Market 2016-2021: Trends, Forecast, and Market Analysis” include:
Market size estimates: Global commercial airport baggage handling system market sizeestimation in terms of value ($M).
Trend and forecast analysis: Global commercial airport baggage handling system markettrend (2010-2015) and forecast (2016-2021) by region and segments.
Segmentation analysis: Global commercial airport baggage handling system market sizeby various component type such as conveyor system, scanner, sorting device, anddestination coded vehicle and sorting technology includes the barcode system and RFID(Radio Frequency Identification) both in terms of value.
Regional analysis: Global commercial airport baggage handling system marketbreakdown by key regions such as North America, Europe, Asia Pacific, and Rest of
Growth opportunities: Analysis on growth opportunities in different segments and regions.
Strategic analysis: This includes M&A, new product development, competitive landscape,and expansion strategies of global commercial airport baggage handling systemsuppliers.
Emerging applications: Emerging applications of global commercial airport baggagehandling system in various markets.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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