SAN FRANCISCO, July 4, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Smart Baggage Handling System – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Editing: 7; Released: January 2022
Executive Pool: 392
Companies: 44 – Players covered include Alstef Automation SA; Beumer Group GmbH & Co. KG; Daifuku Co., Ltd.; Fives Group; G&S Airport Conveyor; Pteris Global Limited; Beetle; SITA; Vanderlande Industries BV and Others.
Coverage: All major geographies and key segments
segments: Solution (Sorting, Conveying, Tracking & Tracing, Diverting, Other Solutions); Technology (Barcode system, Radio Frequency Identification); Type (Airport, Railway Station)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia Pacific; Rest of World.
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Global Smart Baggage Handling System Market to Reach $7.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Baggage Handling System estimated at US$2.5 Trillionis projected to reach a revised size of US$7.2 Billion by 2026, growing at a CAGR of 19.1% over the analysis period. Airport, one of the segments analyzed in the report, is projected to record a 20.2% CAGR and reach US$6 Trillion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Railway Station segment is readjusted to a revised 17% CAGR for the next 7-year period.
The US Market is Estimated at $907.3 Million in 2021, While China is Forecast to Reach $1.3 Billion by 2026
The Smart Baggage Handling System market in the US is estimated at US$907.3 Million in the year 2021. Chinathe world`s second largest economy, is forecast to reach a projected market size of US$1.3 Trillion by the year 2026 trailing a CAGR of 18.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 16.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.