Market Size of Asia-Pacific Airport Baggage Handling Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.69 Billion |
| Market Size (2029) | USD 1.26 Billion |
| CAGR (2024 - 2029) | 12.82 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Airport Baggage Handling System Market Analysis
The Asia-Pacific Airport Baggage Handling Systems Market size is estimated at USD 0.69 billion in 2024, and is expected to reach USD 1.26 billion by 2029, growing at a CAGR of 12.82% during the forecast period (2024-2029).
Increasing air traffic, growing expenditure on the construction of new airports, and the need to ensure maximum security at the airports drive the growth of the market. Low airfares, increasing business and leisure travel, improvement in living standards, and growth of the middle-class population and their income are some of the major contributors to the increased air travel in Asia-Pacific. The increased traffic growth in Asia-Pacific is leading to an increased demand for more efficient airport baggage-handling systems, which is expected to propel the growth of the market during the forecast period. According to the IATA, China surpassed the US and became the largest aviation market in terms of seating capacity in 2020.
The increasing emphasis on airport security, as well as advanced technologies in terms of passenger baggage screening, is expected to support the growth of the market in the years to come. Construction of new airports, as well as terminal expansion, is expected to provide further growth opportunities for the manufacturers of airport baggage handling systems during the forecast period.
Asia-Pacific Airport Baggage Handling System Industry Segmentation
A baggage handling system or a BHS is a type of conveyor system that is installed in an airport and enables to transport the of passenger baggage from ticket counter areas to the area where the baggage is loaded on the aircraft. A BHS helps in transporting the checked baggage, which is unloaded from the aircraft to the baggage claim area. BHS may also include baggage screening systems attached to the entry point of the BHS systems in modern smart airports.
The Asia-Pacific airport baggage handling systems market is segmented by airport capacity and country. By airport capacity, the market is segmented into up to 15 million, 15-25 million, 25-40 million, and more than 40 million. The report also offers the market size and forecasts for four countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).
| Airport Capacity | |
| Up to 15 million | |
| 15 to 25 million | |
| 25 to 40 million | |
| More than 40 million |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
Asia-Pacific Airport Baggage Handling Systems Market Size Summary
The Asia-Pacific airport baggage handling systems market is poised for significant growth, driven by increasing air traffic and the expansion of airport infrastructure across the region. The demand for efficient baggage handling systems is being propelled by factors such as low airfares, a rise in business and leisure travel, and the growing middle-class population with higher disposable incomes. The region's focus on enhancing airport security and adopting advanced technologies for passenger baggage screening further supports market expansion. The construction of new airports and terminal expansions present additional opportunities for manufacturers, with China leading the charge in airport development to accommodate its burgeoning aviation market.
The market is characterized by a semi-consolidated structure, with key players like Daifuku Co., Ltd., SITA, Vanderlande Industries B.V., Siemens Logistics GmbH, and BEUMER GROUP dominating the landscape. These companies have strengthened their market presence through various contracts and agreements, such as Siemens Logistics' involvement in the Noida International Airport project. The increasing passenger inflow and the need for fast, accurate, and efficient baggage handling systems are driving investments in new technologies and infrastructure upgrades. As airports in China and other Asia-Pacific countries continue to expand and modernize, the demand for advanced baggage handling systems is expected to rise, further fueling market growth during the forecast period.
Asia-Pacific Airport Baggage Handling Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Airport Capacity
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2.1.1 Up to 15 million
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2.1.2 15 to 25 million
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2.1.3 25 to 40 million
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2.1.4 More than 40 million
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2.2 Geography
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2.2.1 China
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2.2.2 India
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2.2.3 Japan
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2.2.4 South Korea
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2.2.5 Rest of Asia-Pacific
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Asia-Pacific Airport Baggage Handling Systems Market Size FAQs
How big is the Asia-Pacific Airport Baggage Handling Systems Market?
The Asia-Pacific Airport Baggage Handling Systems Market size is expected to reach USD 0.69 billion in 2024 and grow at a CAGR of 12.82% to reach USD 1.26 billion by 2029.
What is the current Asia-Pacific Airport Baggage Handling Systems Market size?
In 2024, the Asia-Pacific Airport Baggage Handling Systems Market size is expected to reach USD 0.69 billion.
