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Airport Baggage Handling Systems Market will be growing at a CAGR of 8.2% during the forecast period from 2018 to 2026

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

The airport baggage handling systems market was valued at US$ 8.14 Bn in 2017 and expected to grow at a compounded annual growth rate (CAGR) of 8.2% during the forecast period from 2018 to 2026. Airports across the world in an urge to improve the operational efficiency of airports are focusing on deploying efficient baggage handling systems. Moreover, deploying these systems also helps to improve the experience of passengers. Reduction in aircraft turnaround time coupled with better convenience for passengers are the two most important benefits offered by these systems. The demand for airport baggage handling systems has been positively influenced by airport modernization programs implemented across various countries. The number of air passengers has witnessed a significant growth in recent years especially in regions such as Asia Pacific and Middle East & Africa. This in turn has resulted in establishment of new airports as well as expansion of the existing ones. These factors in combination are expected to compliment the baggage handling systems market growth.

Asia Pacific expected to remain as the most important market for investment in coming years. Governments in countries such as China and India have been largely instrumental in funding activities pertaining to airport modernization. In recent years, the number of passengers travelling through airways in the Asia Pacific region has increased significantly. This trend is likely to continue in the coming years. With increasing disposable income of people, the demand for air travel in countries/regions including China, India and South Asia has increased significantly in recent years. As per reports by IATA, China expected to displace the United States as the world’s largest aviation market around the year 2022. Similarly, India expected to surpass U.K. in 2025 and occupy the 4th position globally. The growth of the aviation industry in India can be understood from data released by aviation regulator, Directorate General of Civil Aviation (DGCA), which suggests India’s domestic air traffic nearly doubled to 117.18 million passengers in 2017 as compared to 59.87 million in 2011. Moreover, rising middle class, lower air ticket prices and improving regional connectivity are other prominent factors complimenting aviation industry growth in Asia Pacific. These factors in combination expected to positively influence the airport baggage handling systems market growth in the coming years.

Some of the major players operating in the airport baggage handling systems market include Vanderlande Industries, Siemens AG, Pteris Global Limited, Daifuku Company Ltd., Beumer Group, BCS Group, Grenzebach Maschinenbau GmbH, G&S Airport Conveyor, Scarabee Systems & Technology B.V., Logplan Llc, Alstef Automation S.A., SITA and Fives Group among others.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Airport Baggage Handling Systems contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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