Skip to main content

Baggage Handling System Market worth $10.3 billion by 2025

 The global Baggage Handling System Market is projected to grow from USD 7.5 billion in 2020 to USD 10.3 billion by 2025, at a CAGR of 6.6%. The increase in air travel by people all over the world, modernization of airports, and enhancement of airports’ efficiency and customer satisfaction are expected to drive the growth of the baggage handling system market.
The baggage handling system market is dominated by global players and comprises several regional players as well. The key players in the high voltage battery market are Siemens (Germany), Vanderlande Industries (Netherlands), Daifuku (Japan), Pteris Global Limited (Singapore), Fives (France), and SITA (Switzerland). The study includes an in-depth competitive analysis of these key players in the baggage handling system market with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.
The key strategies adopted by the major players in the baggage handling system market from 2017 to 2020 are partnerships and supply contracts. Baggage handling system manufacturers and component suppliers are focusing on increasing their global presence and respective market shares. Vanderlande signed a landmark innovation partnership agreement with Airport Authority Hong Kong (AAHK) to develop and apply its future-proof baggage logistics solution — FLEET — in the real-world environment of one of the world’s busiest passenger airports.
The new product developments strategy is ranked 2nd amongst all the strategies adopted by companies in the baggage handling system market. Baggage handling system suppliers are focusing on the development of technology, infrastructure, and components compatible with automated baggage handling. For instance, March 2019, Siemens Postal, Parcel & Airport Logistics (SPPAL) presented its broad portfolio of hardware and software for airports and airlines. From efficiency-enhancing baggage handling systems and cloud-based technologies up to comprehensive service offerings, SPPAL provides a range of solutions and systems to further improve vital airport processes.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222241953
The innovative SmartTray forms an excellent basis for predictive maintenance of baggage handling systems. Intelligent sensors on different components record measurements and data, which are stored in MindSphere, the open, cloud-based IoT operating system from Siemens.
Vanderlande Industries (Netherlands) is identified as the leading player in the baggage handling system market. The company is one of the established players and a globally renowned supplier of baggage handling systems. The company follows the strategy of new product developments to gain a competitive edge in the baggage handling system market.
In September 2020, Vanderlande introduced its new UV-C Tray Disinfection solution, designed to help airports make security checkpoints safer for both passengers and employees. Using short wavelength UV light, the solution is capable of killing and deactivating 99.9% of bacteria and viruses on trays between each use.
Disinfecting high-touch surfaces has become a priority for airports as the industry is preparing for air traffic to pick up again. It is well known that the trays used at security checkpoints pose a concern as each bin can be touched by hundreds of passengers every day. Without an automated sanitizing solution, this would result in a significant increase in the need for manual cleaning of trays as well as a decrease in throughput at the checkpoint.
Siemens (Germany) is also one of the leading players in the baggage handling system market. The company invests heavily in R&D activities pertaining to infrastructure and cities segment of this company. It also plans to enlarge its baggage handling system product portfolio to cater to its various customers all around the world while establishing itself as a strong player in the market. It has adopted the strategies of partnerships/collaborations/joint ventures/agreements/supply contracts to increase its presence in the baggage handling system market.
In July 2020, Siemens Logistics received an order to upgrade the baggage handling system in Terminal 2 and its satellite building at the Franz Josef Strauss Airport in Munich. By integrating innovative screening units, Siemens supports the customer to ensure that international specifications for baggage checking are met to the highest degree and to continue to successfully manage the ever-increasing number of passengers. The customer is the Terminal 2 Gesellschaft, a joint subsidiary of Munich Airport and Lufthansa.
Key Players:
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).
Request Free Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=222241953

Comments

Popular posts from this blog

Plug Power and Cummins Recognized as the Market Leader, Bloom Energy as an Innovator, and Topsoe as an Emerging Company in the “Top 12 Electrolyzer Manufacturers, Worldwide 2023” by MarketsandMarkets 360 Quadrant

  Electrolyzers, pivotal components in the production of green hydrogen, have become a central focus for Manufacturers navigating the transition towards sustainable energy solutions. As the demand for clean and renewable energy intensifies, the electrolyzer market is rapidly evolving, shaped by key players in the industry. In this dynamic scenario, MarketsandMarkets 360 Quadrant has identified the "Top 12 Electrolyzer Manufacturers, Worldwide 2023," recognizing the expertise of industry leaders such as Plug Power, Cummins, Bloom Energy, and Topsoe. The 360 Quadrant maps the Electrolyzer Manufacturers based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Electrolyzer quadrant. While the top criteria for product footprint evaluation included Technologies (Alkaline Electrolysis, Proton Exchange Membrane Electrolysis, Solid Oxide Electrolysis, Anion Exchange Membrane), Application (Energy, Mobil...

Top 20 Personal Care Ingredients Companies, Worldwide 2023: MarketsandMarkets 360 Quadrant Revealed

  MarketsandMarkets has released 360 Quadrant for  Top 20 Personal Care Ingredients Companies , Worldwide 2023 to help businesses make quicker and more informed decisions. Companies' market presence and product footprint are used to build quadrants, which will be revised annually. At a projected CAGR of 4.0% between 2022 and 2027, the market for ingredients used in personal care products will grow from an estimated USD 11,796.0 million in 2021 to USD 14,897.0 million by 2027. The rising population in developing nations like China, India, Indonesia, Malaysia, Brazil, and South Africa is the main factor driving the growth of the personal care ingredients market. Because customers are becoming more conscious of their personal cleanliness and health, there is a rising demand for components used in personal care products. The rising demand for compounds including antiaging agents, exfoliators, ultraviolet (UV) agents, moisturizers, antioxidants, and antimicrobials is another factor...

Mitsubishi Heavy Industries, Linde, TotalEnergies, and Eni Recognized as Leaders in the “Top 17 CCUS Companies, Worldwide 2023” by MarketsandMarkets 360 Quadrant

  MarketsandMarkets unveiled 360 Quadrant for the "Top 17 CCUS Companies, Worldwide 2023," classifying industry players Mitsubishi Heavy Industries, Linde, TotalEnergies, and Eni into distinct categories that reflect their exceptional contributions to the CCUS arena. These four companies have solidified their positions in the CCUS quadrant through their substantial contributions to the field. Their relentless efforts in reducing carbon emissions, advancing CCUS technology, and fostering sustainability have earned them recognition in this exclusive quadrant. Their track record of innovation and dedication to environmental goals have positioned them as leaders in the CCUS landscape. CCUS is a promising technology for significantly reducing carbon dioxide (CO2) emissions from large stationary sources such as industrial plants and power generation facilities. By capturing CO2 at the source before it enters the atmosphere, transporting it via ships, trucks or pipelines, and inject...