Airport Transit Baggage Vehicle Market to grow by USD 195.65 Mn, Market Segmentation by Technology and Geography - Technavio

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Nov 14, 2022, 00:00 ET

NEW YORK, Nov. 14, 2022 /PRNewswire/ -- Technavio has been monitoring the airport transit baggage vehicle market, operating under the industrial market. The report estimates the market to register an incremental growth of USD 195.65 million, at an accelerating CAGR of 5.21% during the forecast period. 37% of the growth originated from North America. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Request a Free Sample Report.

Airport Transit Baggage Vehicle Market 2022-2026: Segmentation

Technavio has announced its latest market research report titled Global Airport Transit Baggage Vehicle Market 2022-2026

Technology

Hybrid Transit Baggage Vehicle

During the projected period, the hybrid transit baggage vehicle segment will significantly increase its market share, which is a part of the airport transit baggage vehicle market. Diesel and electric motors are both used by hybrid tow tractors. Depending on the situation, they can change their mode of operation from diesel to electric or vice versa. This is crucial in airports since luggage tractors travel long distances from the aircraft's parking spot to the terminal building. These tractors may operate using diesel power when not in the luggage handling zones. These variables will fuel segment growth for hybrid transit luggage vehicles during the forecasted period.

Electric Transit Baggage Vehicle
Diesel Transit Baggage Vehicle

Geography

North America

North America will account for 37% of market growth. The airport transit baggage vehicle market in North America is primarily based in the US. The market in this region will expand more slowly than markets in other regions. The airport transit baggage vehicle market will rise in North America over the forecast period due to the huge increase in air traffic and the renovation of airport infrastructure.

Europe
APAC
South America
Middle East And Africa

To know additional highlights and key points on various market segments and their impact in coming years, Download a Free Sample Report.

Airport Transit Baggage Vehicle Market 2022-2026: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The airport transit baggage vehicle market report covers the following areas:

This study identifies the collective pooling of airside equipment as one of the prime reasons driving the Airport Transit Baggage Vehicle Market growth during the next few years.

Airport Transit Baggage Vehicle Market 2022-2026: Vendor Offerings

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

FAYAT SAS: The company offers AV6 01, Goupil G2 Pick up and Goupil G4 pick up as airport transit baggage vehicles.
GOLDHOFER: The company offers cargo and baggage tow tractors such as Sherpa E and Sherpa D.
Harlan Global Manufacturing LLC: The company offers GSE tractors and vehicles such as Trans Con HTSB, service utility HTSBSUV, and others.
MULAG Fahrzeugwerk GmBH U Co. KG: The company offers towing and baggage electric tractors such as Comet 3E, Comet 4E, and Comet 6E
Polaris Inc.: The company offers baggage movement vehicles such as MX 600, Taylor Dunn MX 1600, MX 1600, and others.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Buy Free Sample Report.

Airport Transit Baggage Vehicle Market 2022-2026: Key Highlights

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist airport transit baggage vehicle market growth during the next five years
Estimation of the airport transit baggage vehicle market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the airport transit baggage vehicle market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the airport transit baggage vehicle market, vendors

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Airport Transit Baggage Vehicle Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.21%
Market growth 2022-2026	$195.65 million
Market structure	Fragmented
YoY growth (%)	4.26
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 37%
Key consumer countries	US, China, Germany, France, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Alke s.r.l., ALVEST, FAYAT SAS, GOLDHOFER, Harlan Global Manufacturing LLC, John Bradshaw Ltd., MULAG Fahrzeugwerk GmBH u Co. KG, Nandan GSE Pvt. Ltd., Polaris Inc., Sovam, Textron Inc., Toyota Industries Corp., Tronair Inc., VOLK Fahrzeugbau GmbH, and Zallys S.R.L
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Technology

5.1 Market segments

Exhibit 24: Chart on Technology - Market share 2021-2026 (%)
Exhibit 25: Data Table on Technology - Market share 2021-2026 (%)

5.2 Comparison by Technology

Exhibit 26: Chart on Comparison by Technology
Exhibit 27: Data Table on Comparison by Technology

5.3 Electric transit baggage vehicle - Market size and forecast 2021-2026

Exhibit 28: Chart on Electric transit baggage vehicle - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Electric transit baggage vehicle - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Electric transit baggage vehicle - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Electric transit baggage vehicle - Year-over-year growth 2021-2026 (%)

5.4 Diesel transit baggage vehicle - Market size and forecast 2021-2026

Exhibit 32: Chart on Diesel transit baggage vehicle - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Diesel transit baggage vehicle - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Diesel transit baggage vehicle - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Diesel transit baggage vehicle - Year-over-year growth 2021-2026 (%)

5.5 Hybrid transit baggage vehicle - Market size and forecast 2021-2026

Exhibit 36: Chart on Hybrid transit baggage vehicle - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Hybrid transit baggage vehicle - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Hybrid transit baggage vehicle - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Hybrid transit baggage vehicle - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Technology

Exhibit 40: Market opportunity by Technology ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 42: Chart on Market share by geography 2021-2026 (%)
Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026

Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026

Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 Germany - Market size and forecast 2021-2026

Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.10 France - Market size and forecast 2021-2026

Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)

7.11 China - Market size and forecast 2021-2026

Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

7.12 UK - Market size and forecast 2021-2026

Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 89: Overview on factors of disruption

9.4 Industry risks

Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 91: Vendors covered

10.2 Market positioning of vendors

Exhibit 92: Matrix on vendor position and classification

10.3 ALVEST

Exhibit 93: ALVEST - Overview
Exhibit 94: ALVEST - Product / Service
Exhibit 95: ALVEST - Key offerings

10.4 FAYAT SAS

Exhibit 96: FAYAT SAS - Overview
Exhibit 97: FAYAT SAS - Product / Service
Exhibit 98: FAYAT SAS - Key news
Exhibit 99: FAYAT SAS - Key offerings

10.5 GOLDHOFER

Exhibit 100: GOLDHOFER - Overview
Exhibit 101: GOLDHOFER - Product / Service
Exhibit 102: GOLDHOFER - Key offerings

10.6 Harlan Global Manufacturing LLC

Exhibit 103: Harlan Global Manufacturing LLC - Overview
Exhibit 104: Harlan Global Manufacturing LLC - Product / Service
Exhibit 105: Harlan Global Manufacturing LLC - Key offerings

10.7 John Bradshaw Ltd.

Exhibit 106: John Bradshaw Ltd. - Overview
Exhibit 107: John Bradshaw Ltd. - Product / Service
Exhibit 108: John Bradshaw Ltd. - Key offerings

10.8 MULAG Fahrzeugwerk GmBH u Co. KG

Exhibit 109: MULAG Fahrzeugwerk GmBH u Co. KG - Overview
Exhibit 110: MULAG Fahrzeugwerk GmBH u Co. KG - Product / Service
Exhibit 111: MULAG Fahrzeugwerk GmBH u Co. KG - Key offerings

10.9 Polaris Inc.

Exhibit 112: Polaris Inc. - Overview
Exhibit 113: Polaris Inc. - Business segments
Exhibit 114: Polaris Inc. - Key offerings
Exhibit 115: Polaris Inc. - Segment focus

10.10 Textron Inc.

Exhibit 116: Textron Inc. - Overview
Exhibit 117: Textron Inc. - Business segments
Exhibit 118: Textron Inc. - Key offerings
Exhibit 119: Textron Inc. - Segment focus

10.11 Toyota Industries Corp.

Exhibit 120: Toyota Industries Corp. - Overview
Exhibit 121: Toyota Industries Corp. - Business segments
Exhibit 122: Toyota Industries Corp. - Key news
Exhibit 123: Toyota Industries Corp. - Key offerings
Exhibit 124: Toyota Industries Corp. - Segment focus

10.12 Tronair Inc.

Exhibit 125: Tronair Inc. - Overview
Exhibit 126: Tronair Inc. - Product / Service
Exhibit 127: Tronair Inc. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 128: Inclusions checklist
Exhibit 129: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 130: Currency conversion rates for US$

11.4 Research methodology

Exhibit 131: Research methodology
Exhibit 132: Validation techniques employed for market sizing
Exhibit 133: Information sources

11.5 List of abbreviations

Exhibit 134: List of abbreviations

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