Market Size of North America Airport Baggage Handling Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 0.54 Billion |
| Market Size (2029) | USD 1.05 Billion |
| CAGR (2024 - 2029) | 14.08 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North American Airport Baggage Handling Systems Market Analysis
The North America Airport Baggage Handling Systems Market size is estimated at USD 0.54 billion in 2024, and is expected to reach USD 1.05 billion by 2029, growing at a CAGR of 14.08% during the forecast period (2024-2029).
The COVID-19 pandemic that struck in 2020 had a huge impact on the airport's overall operations. The travel restrictions throughout several nations caused the sudden drop in air passenger traffic. Slowly, as the number of COVID-19 cases started to reduce during the 2021s, air passenger traffic began to regain its momentum thereby showing a positive impact on the North American airport baggage handling systems market.
As per IATA, in 2022, passenger numbers in North America were expected to reach 94% of 2019 levels, and full recovery is expected in 2023 (102%), ahead of other regions. As several of the major airports are operating close to their maximum passenger capacity, the airports are opting for advanced systems that can improve airport operations and reduce delays. An increase in air traffic growth in North America 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. 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. The increasing emphasis on airport security, as well as advanced technologies for passenger baggage screening, is expected to support the growth of the market in the years to come.
