Global Baggage Conveyor Market Propelled by the Trend of Smart Airports


Posted May 29, 2018 by Steveblade

According to Goldstein Research, global baggage conveyor market is expected to reach USD 6.14 billion by 2025, expanding at a CAGR of 8.7% over the forecast period, 2017-2025.

 
According to Goldstein Research, global baggage conveyor market is expected to reach USD 6.14 billion by 2025, expanding at a CAGR of 8.7% over the forecast period, 2017-2025.

Rise in the government and airport authorities’ expenditure on the construction of new airports and up gradation of existing airport infrastructure is the major driving factor in the growth of global baggage conveyor system. Global baggage conveyor market segmentation has been done on the basis of airport class, system type, material, and geography. Based on the product size, class A airport accounted for the largest market share of 48.3% in 2017 of the total global baggage conveyor system market. Class A airport is well equipped with advanced technologies.

Global Baggage conveyor market is dominated by North America accounted for largest market share of 34.7% in 2017 owing to the largest number of airports in the region with the majority of them equipped with smart technology. North America expenditure on airport infrastructure amounted to USD 25.2 billion in 2017, attracting the new installations and maintenance of baggage conveyor system.

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Market Segmentation

On the basis of our in-depth analysis, Global Baggage Conveyor Market can be segmented as follows:

By Airport Class

o Class A Airport

o Class B Airport

o Class C Airport

By System Type

o Delivery Conveyor

o Injection Conveyor

o Queue Conveyor

o Extended Queue Conveyor

By Material

o Stainless Steel

o Mid-Steel (galvanized, powder coated)

By Region

o North America (U.S. & Canada) Baggage conveyor Market {Market Share (%), Market Size (USD Billion)}

o Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Baggage conveyor Market {Market Share (%), Market Size (USD Billion)}

o Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE) Baggage conveyor Market {Market Share (%), Market Size (USD Billion)}

o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Baggage conveyor Market {Market Share (%), Market Size (USD Billion)}

o Middle East & Africa (GCC, South Africa, North Africa, Rome) Baggage conveyor Market {Market Share (%), Market Size (USD Billion)}

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“Global Baggage Conveyor Market Outlook 2024” contains the detailed overview of the Global Baggage conveyor market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by airport class, system type, and material.

Further, for the in-depth analysis, Global Baggage Conveyor Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Seimens Corp., Beumer Group, Robson Handling Technology Ltd., Conveyor & Automation Technologies, Inc., KieTek International, Inc., Hamer-Fischbein, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the Global Baggage conveyor market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

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Categories Business
Tags baggage conveyor system market size , global baggage conveyor market
Last Updated May 29, 2018