Baggage Handling System Market is Dominated by The Global Players Siemens (Germany), Vanderlande Industries (Netherlands), Daifuku (Japan), Pteris Global Limited (Singapore), BEUMER (Germany), and SITA (Switzerland).
The global Baggage Handling System Market is projected to grow from USD 8.4 billion in 2018 to USD 13.7 billion by 2025, at a CAGR of 7.28%. 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 key strategies adopted by the major players in the baggage handling system market from 2014 to 2019 are partnerships and supply contracts. Baggage handling system manufacturers and component suppliers are focusing on increasing their global presence and respective market shares. Vanderlande Industries signed a contract to implement an innovative new solution system that would utilize Automated Guided Vehicle (AGV) technology, thereby replacing the need for conveyors and sorting systems to handle baggage at the Lelystad Airport. The new product developments strategy is ranked 2nd amongst all the strategies adopted by co
Comments
Post a Comment