Market Size of Europe Airport Baggage Handling Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 299.54 Million |
| Market Size (2029) | USD 555.31 Million |
| CAGR (2024 - 2029) | 13.14 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Airport Baggage Handling Systems Market Analysis
The Europe Airport Baggage Handling Systems Market size is estimated at USD 299.54 million in 2024, and is expected to reach USD 555.31 million by 2029, growing at a CAGR of 13.14% during the forecast period (2024-2029).
- The airport construction industry in Europe is booming and there are major ongoing airport infrastructure development projects, such as Berling Brandenburg Airport (scheduled to open in October 2020, an extension of Terminal 2 of Manchester Airport (Main building construction completed in March 2020). These factors are propelling the growth of airport baggage handling systems in the European region.
- Worldwide air travel has grown at a historically sharp pace over the past two decades. Europe experienced an increase of 3.2% in the air passenger traffic in 2019. Airports in Europe are replacing their existing baggage handling systems with new BHS to enhance their operations and to cater to the increasing air passenger traffic in the region.
- The integration of Information Technology in logistics and baggage management has increased the service quality and efficiency of airport operations. Implementation of technologies such as Artificial Intelligence, RFID etc. will help in further decreasing the number of mishandled baggage.
