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Smart Baggage Handling Solutions Market: 39% of Growth to Originate from APAC, Evolving Opportunities with ALSTEF Automation SA & BEUMER Group GmbH & Co - Technavio

·10 min read

NEW YORK, July 20, 2022 /PRNewswire/ -- The "Smart Baggage Handling Solutions Market - Competitive Analysis, Impact of COVID-19, Five Force Analysis" report has been added to Technavio's offering. The smart baggage handling solutions market value is anticipated to grow by USD 3.85 billion, progressing at a CAGR of 10.85% as per the latest market report by Technavio. 39% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for smart baggage handling solutions market in APAC. Market growth in this region will be faster than the growth of the market in other regions. Growing passenger traffic in APAC will facilitate the smart baggage handling solutions market growth in APAC over the forecast period.

Technavio has announced its latest market research report titled Smart Baggage Handling Solutions Market by Product and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Smart Baggage Handling Solutions Market by Product and Geography - Forecast and Analysis 2021-2025

For more highlights on the region - Request a  sample now!

Smart Baggage Handling Solutions Market - Vendor Analysis

The smart baggage handling solutions market is fragmented and the vendors are deploying growth strategies such as strategic alliances to compete in the market. The smart baggage handling solutions market report includes information on the product launches, sustainability, and prospects of leading vendors including ALSTEF Automation SA, BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Dimark Group Sp. zoo, Lenze SE, Lyngsoe Systems AS, MATREX SAS, Siemens AG, SITA, and Vanderlande Industries BV.

  • ALSTEF Automation SA - The company offers baggage handling and screening systems that integrate new rapid standard 3 tomography machines.

  • BEUMER Group GmbH & Co. - The company offers a high-speed baggage handling system that improves its baggage handling efficiency and overall service to airlines and passengers.

  • Daifuku Co. Ltd. - The company offers a line of products such as Innovated CBRA Rooms, Baggage Check-in Conveyor, and In-line Baggage Screening Conveyor among others.

  • Dimark Group Sp. zoo  - The company offers baggage handling systems for check-in, conveyors, curve conveyors, and vertisorter among others.

  • Lenze SE -The company offers baggage handling systems for early baggage, check-in, and belt conveyors among others.

  • To know about all major vendor offerings - Click Now!

Smart Baggage Handling Solutions Market - Market Dynamics

  • Drivers - Factors such as the growing need for efficient baggage operations at airports and railways, and the development of smart airport concepts will be crucial in driving the growth of the market.

  • Challenges - The high cost associated with SBH solutions will restrict the market growth.

  • For detailed information on the market dynamics - Grab a sample now!

Smart Baggage Handling Solutions Market - Market Segmentation

  • By Product, the market is classified into smart baggage and tracking devices and smart baggage screening devices.

  • By Geography, the market is classified as APAC, North America, Europe, MEA, and South America.

To know about the contribution of each segment - Request a sample!

Get ready to achieve excellent business outcomes from this exclusive Smart Baggage Handling Solutions Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

  • What is the current trend taking place in the market space?

  • Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?

  • What are market drivers, restraints, and challenges impacting demand & growth of the market?

  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Smart Baggage Handling Solutions Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Smart Baggage Handling Solutions Market Forecast Report -  Buy Now!

Related Reports:

Smart Baggage Handling Solutions Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.85%

Market growth 2021-2025

USD 3.85 billion

Market structure

Fragmented

YoY growth (%)

10.39

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Japan, France, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ALSTEF Automation SA, BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Dimark Group Sp. zoo, Lenze SE, Lyngsoe Systems AS, MATREX SAS, Siemens AG, SITA, and Vanderlande Industries BV

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for 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 Content

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem

  • 2.2 Market characteristics

  • 2.3 Value chain analysis

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2020

  • 3.4 Market outlook: Forecast for 2020 - 2025

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by Product

  • 5.1 Market segments

  • 5.2 Comparison by Product

  • 5.3 Smart baggage and tracking devices - Market size and forecast 2020-2025

  • 5.4 Smart baggage screening devices - Market size and forecast 2020-2025

  • 5.5 Market opportunity by Product

6 Customer Landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation

  • 7.2 Geographic comparison

  • 7.3 APAC - Market size and forecast 2020-2025

  • 7.4 North America - Market size and forecast 2020-2025

  • 7.5 Europe - Market size and forecast 2020-2025

  • 7.6 MEA - Market size and forecast 2020-2025

  • 7.7 South America - Market size and forecast 2020-2025

  • 7.8 Key leading countries

  • 7.9 Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers – Demand led growth

  • 8.2 Market challenges

  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Competitive scenario

  • 9.2 Vendor landscape

  • 9.3 Landscape disruption

10 Vendor Analysis

  • 10.1 Vendors covered

  • 10.2 Market positioning of vendors

  • 10.3 ALSTEF Automation SA

  • 10.4 BEUMER Group GmbH & Co. KG

  • 10.5 Daifuku Co. Ltd.

  • 10.6 Dimark Group Sp. zoo

  • 10.7 Lenze SE

  • 10.8 Lyngsoe Systems AS

  • 10.9 MATREX SAS

  • 10.10 Siemens AG

  • 10.11 SITA

  • 10.12 Vanderlande Industries BV

11 Appendix

  • 11.1 Scope of the report

  • 11.2 Currency conversion rates for US$

  • 11.3 Research methodology

  • 11.4 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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