2014-01-28 10:45:04 - Global Commercial Airports Baggage Handling Systems Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Commercial Airports Baggage Handling Systems market is to grow at a CAGR of 7.43 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in the air traffic. The Global Commercial Airports Baggage Handling Systems market has also been witnessing rapid technological advancements. However, the rising cost of airport operations could pose a challenge to the growth of this market.
One of the major trends in the Global Commercial Airport Baggage Handling System market is the rapid technological advancements. The rapid technological advancements have increased the number of BHS applications. In recent years, the BHS can be used to carry baggage from the airport express rail services. Furthermore, BHS vendors are
able to deliver high-quality output for customers. This trend has led to the development of advanced and highly accurate BHS solutions in recent years. With the rapid pace of technological advancements, major airports can completely rely on BHS for securing passengers´ baggage, thereby reducing congestion at peak hours.
One of the major drivers in this market is the increasing global air traffic. With an increase in the number of people who travel, there has been a corresponding increase in the commercial airports and aircraft. Hence, there is a growing need to manage and handle the huge volume of luggage at airports, thereby leading to a high demand for BHS in recent years.
One of the major challenges in the market is the increasing cost of airport operations. The increasing cost of airport operations reduces the profit margin for commercial airports, thereby preventing them from upgrading their current BHS.
The key vendors dominating this space include Daifuku Co. Ltd., Glidepath Group, Siemens AG, and Vanderlande Industries BV. The other vendors mentioned are Babcock International Group plc, BCS Group, Beumer Group, BNP Associates Inc., and Pteris Global Ltd.
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