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.
