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Baggage Handling Systems Market growth in Asia - Pacific, Africa and Middle East
The Global Commercial Airport Baggage Handling System Market was $23.31 billion in 2013 and is expected to grow at a CAGR of 7.17% to reach $37.86 billion by 2020.APAC accounted for the largest share of the baggage handling system market revenue in 2014 at $7.26 billion and is expected to reach $11.40 billion by 2020, at a CAGR of 7.52% from 2013 to 2020.
The growth regions will be Asia-Pacific, Africa, and the Middle East. Countries such as China, Japan, Singapore, Turkey, and UAE are expected to demonstrate a higher growth level in the market through the forecast period.
Developments that surround airport expansions, up gradation, new terminals, and new airports have been on the rise due to airport charges levied by Tier I airports, which in turn put off many carriers. This in turn has shifted the focus to Tier II and III airports, which currently do not have the capability to handle international flights. The airports will have to be worked upon with regards to its expansion and up gradation, which is where the actual market for this industry actually opens up.
The Tier I airports will have renovations/expansions/up gradations, which will have to be done at a quick pace since it can affect the complete profitability of the airports and the customer satisfaction.
Commercial Airport Baggage Handling Systems Market by Sorting Systems (Barcode Systems, RFID Systems, and Vacuum Systems), by Belts (Flat, Angular, and Vertical), and by Geography (North America, Latin America, Asia-Pacific, Middle East, and Africa) - Forecast Analysis to 2013 - 2020
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