Friday, February 24, 2017

According To Experts "Commercial Baggage Handling System Market Will Reach 9.36 Billion USD by 2020"

According to expert team research, The baggage handling system market is estimated to be valued at USD 6.45 Billion in 2015 and is projected to reach USD 9.36 Billion by 2020, at a CAGR of 7.72% during the forecast period from 2015 to 2020.
Baggage handling system is an integral part of any commercial airport and the operational efficiency of an airport is largely dependent on this system. A smartly designed baggage handling system helps in improving passenger convenience while reducing the aircraft turnaround time.
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In this report, the Baggage Handling System market has been studied for five segments, namely, identification technology, service type, airport class, type, and efficiency. The market, by identification technology, comprises two segments, namely, barcode and RFID.
This report includes the analysis of market dynamics, such as drivers, restraints, challenges faced by this industry, and opportunities for the growth during the forecast period. It also provides Porter’s Five Forces analysis, life cycle analysis, and a detailed PEST analysis of this market.
This report will help the baggage handling system manufacturers, suppliers, retailers, and distributers to identify hot revenue pockets in this market. It will also help the sub-component manufacturers, such as x-ray screening device manufacturers, induction motor manufacturers, software developers, etc., to recognise the market potential as well.
The baggage handling system market in this report is divided into six major regions, namely, North America, Europe, Asia-Pacific, Middle East, Latin America, and Africa.
The growth in the baggage handling system market can be attributed to various factors, such as the increase in air travel by people all over the world, modernisation of airports, need to improve aircraft turnaround time, and improvement of airports’ efficiency.
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The major players in the market include Siemens AG (Germany), Vanderlande Industries (Netherland), Daifuku Company Ltd (Japan), Pteris Global Limited (Singapore), Beumer Group (Germany), Grenzebach Maschinenbau GMBH (Germany), BCS Group (New Zealand), Logplan LLC (U.S.), G&S Airport Conveyor (U.S.), and Fives Group (France).

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