How is the global Baggage Handling System Market shaping up? What role has COVID-19 played in the market?
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.
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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. 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.
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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
Market Players:
The baggage handling
system market is dominated by few global players and comprises several regional
players as well. 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).
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