LONDON, Dec. 23, 2015 /PRNewswire/ -- According to the projections in this report, the market size of the baggage handling system market is estimated at USD 6.45 billion in 2015 and is projected to grow at a CAGR of 7.72%, to reach USD 9.36 billion by 2020 during the forecast period.
This report provides a comprehensive analysis of the baggage handling system market for the North America, Europe, Asia-Pacific, Middle East, Latin America, and Africa regions. This report segments the baggage handling system market on the basis of identification technology, service type, airport class, type, and efficiency. The two identification technologies considered in this report are barcode and RFID. The baggage handling system market is segmented, by service type, into assisted service bag check-in and self-service bag check-in. The BHS market is also segmented on the basis of airport class into class A, class B, and class C.
The market is segmented, by efficiency, into below 3000, 3000 to 6000, and above 6000.
The report also includes industry value chain, PEST analysis, market revenue, and Porters' Five Forces analysis for the baggage handling system market. The report also provides a general overview of the companies, products, services, financial analysis, and key developments of the major players in the industry. All percentage shares, splits, and breakdowns are determined using secondary sources and have been verified through primary sources. This report also concentrates upon various drivers and restraints that are currently influencing the market, the challenges that are obstructing of the market, and the opportunities that can promote the growth of the market.
The Asia-Pacific region is expected to exhibit the highest growth rate in the baggage handling system market, and is growing at a CAGR of 8.26% during the forecast period from 2015 to 2020. The RFID segment in identification technology is projected to exhibit a strong growth as well. The concept of self-service kiosks, which provide passengers with convenience and operational efficiency, is the current trend at major airports.
The self-service bag check-in segment is expected to register a CAGR of 12.07% during the given forecast period.
The report also offers a competitive landscape by analyzing the market share of key players in this market. 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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