info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Airport Transit Baggage Vehicle Market Research Report By Baggage Type (Checked Baggage, Cabin Baggage), By Operation (Manual, Automated), By Capacity (Small (1-50 bags), Medium (50-200 bags), Large (200+ bags)), By Fuel Type (Electric, Diesel, Gasoline), By Maneuverability (Traction Wheel, Caster Wheel, Articulated) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032


ID: MRFR/A&D/21259-HCR | 128 Pages | Author: Sejal Akre| December 2024

Global Airport Transit Baggage Vehicle Market Overview


Airport Transit Baggage Vehicle Market Size was estimated at 3.07 (USD Billion) in 2022. The Airport Transit Baggage Vehicle Industry is expected to grow from 3.17(USD Billion) in 2023 to 4.2 (USD Billion) by 2032. The Airport Transit Baggage Vehicle Market CAGR (growth rate) is expected to be around 3.17% during the forecast period (2024 - 2032).


Airport Transit Baggage Vehicle Market Overview


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Key Airport Transit Baggage Vehicle Market Trends Highlighted


The Airport Transit Baggage Vehicle market is poised for growth, driven by increasing passenger traffic and the need for efficient baggage handling systems. Key market drivers include advancements in technology, such as autonomous and electric vehicles, which enhance safety and reduce operational costs. Growing airport infrastructure investments and rising demand for seamless baggage handling experiences are also positive growth factors.Emerging opportunities lie in the adoption of automated baggage handling systems, which streamline operations and reduce labor requirements. Increasing focus on passenger convenience is fostering the development of baggage tracking and monitoring technologies, enhancing transparency, and reducing baggage loss. Additionally, the integration of artificial intelligence and robotics holds potential for optimizing baggage handling processes.Recent trends in the Airport Transit Baggage Vehicle market include the rise of collaborative robots that assist in baggage handling tasks. Sustainability is gaining traction, with manufacturers focusing on eco-friendly designs and energy-efficient vehicles. Airports are increasingly investing in advanced technologies to improve baggage handling efficiency, facilitate real-time tracking, and enhance overall passenger experience, shaping the future of the market.


Airport Transit Baggage Vehicle Market Drivers


Increasing Air Passenger Traffic


The number of air passengers is growing, which is one of the main reasons for that increase in the industry growth dynamics. As more people travel by air, the demand for reliability and efficiency of baggage handling in airports is growing. The vehicles used to transport the baggage from check-in to aircraft play a crucial role. That is why the increasing number of air passengers can continue to be a reason for the growing demand for the equipment during the forecast period.According to International Air Transport Association 2018, the number of passengers is expected to reach 4.7 billion by 2037. They argue that the following factors will lead to an increase in the number of air passengers The expansion of the middle class in Asia-Pacific, South and Central America, Africa, and the Middle East regions. The increased number of low-cost carriers and, therefore, growing opportunities for diverse people to travel by air The growing number of people that love to travel for pleasure.Additionally, the growing number of air passengers put pressure on the existing infrastructures of airports. Many airports are close to being saturated and cannot expand enough to cope with the growing number of passengers and aircraft. It results in an increased number of delays and congestion. The use of automatic baggage handling systems and vehicles for the equipment can tackle this problem as well. It helps reduce the number of delays and decrease congestion due to automated operations.


Technological Advancements


Technological advancements are also driving the airport transit baggage vehicle market industry. With new technologies, airport transit baggage vehicles can be made more efficient, reliable, and user-friendly. For instance, some airport transit baggage vehicles are now equipped with sensors capable of detecting and avoiding obstacles. As a result, the likelihood of accidents is reduced, and the safety of airport operations is increased.Other technological advancements in the field include the use of electric motors, which are more efficient and environmentally friendly compared to traditional gasoline engines, as well as the use of a GPS tracking system, which can be employed to determine the location of baggage and improve the efficiency of baggage handling with the airport. In addition to that, RFID tags can also be used to improve the quality and speed of service, identify each baggage, and track its progress through the airport.The availability of such technologies makes airport transit baggage vehicles more appealing to potential buyers. Overall, future market growth is anticipated due to a rising demand for the product.


Government Regulations


Government regulations are also driving the Airport Transit Baggage Vehicle Market Industry because, in many countries, the governments are asking the airports to improve the security of their baggage systems. These systems include airport transit baggage vehicles, which are used to transport the baggage. More and more, terrorist attacks are targeting the baggage of passengers, and the stolen baggage not only hurts the owners but also causes economic damage to the different airport systems.The security features include different security scanners, like x-ray, metal, and bomb detection, to avoid the loss and theft of baggage and to avoid terrorist attacks on the passengers. The demand for security features is expected to continue in the coming years.


Airport Transit Baggage Vehicle Market Segment Insights


Airport Transit Baggage Vehicle Market Baggage Type Insights


Based on baggage type, the segment of checked baggage accounted for the largest market share of 53.4% in 2023 and is expected to continue to lead for the next seven years. The checked baggage market is driven by the growing number of air travelers and the demand for efficient and reliable baggage handling. The checked baggage segment is anticipated to expand at a steady growth over the forecast period, with a market value of USD 2.15 billion by the end of 2032. The cabin baggage segment is expected to witness high growth over the forecast period, pertaining to the rise in the number of passengers who tend to prefer carrying more cabin baggage to avoid the cost of checked baggage.Moreover, the passengers like to have their baggage along with them while on the journey. The cabin baggage segment is anticipated to grow at a CAGR of 3.4% over the forecast period and reach a market value of USD 1.1 billion by the end of 2032. The growth of the market is driven by rising air passenger traffic, increasing demand for effective baggage handling systems, and increased adoption of automated baggage handling solutions. However, the growth of the industry could be restrained by some factors, such as increased labor costs and regulations.The report features some of the key players operating in the market, including Toyota Industries Corporation, Mitsubishi Logisnext Co., Ltd., and Vanderlande Industries B.V. These companies are increasingly focusing on offering solutions that facilitate the needs of airports and airlines by offering primary and secondary baggage handling including check-ins, sorting, transporting and other functions.


Airport Transit Baggage Vehicle Market By Baggage Type


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Airport Transit Baggage Vehicle Market Operation Insights


The operation segment in the Airport Transit Baggage Vehicle Market is based on two categories manual systems and automated systems. Manual systems involve the use of a vehicle driver who is responsible for control and driving. Automated systems are operated without the need for people onboard to control or drive the suitcase. The automated segment had a significant share of the market in 2023 due to its distinct advantages in performance, safety, and cost. The application of automated systems continues to accelerate due to the increased need for more effective and cost-efficient tools for managing baggage at the airport and identifying the factors that promote the future rise of the segment.The primary advantage of an automated system is the reduced need for human interaction to carry multiple bags and suitcases in the airport. The increased capacity is associated with a significant drop in employment costs and enhancement in performance. Furthermore, due to the integration of electronic devices, automated systems can be shipped with safety features like Obstacle Sensors and laser-based object identification that reduce the risk of loss. Moreover, the similarity of the interaction mechanism of drivers for manual and automated goods has been shown to reduce the dangers, keep suitcases harmless, and prevent them from being ruined in the case of offers.However, in airports and some application contexts, manual supplies are widely utilized due to their improved flexibility. Manual operations can function in a variety of roles and in a more precise way throughout performance due to the power of the driver to handle the added baggage.


Airport Transit Baggage Vehicle Market Capacity Insights


The Airport Transit Baggage Vehicle market is segmented by Capacity into Small (1-50 bags), Medium (50-200 bags), and Large (200+ bags). The Medium capacity segment held the largest share of the Airport Transit Baggage Vehicle market in 2023, accounting for over 45% of the market revenue. This segment is expected to continue to dominate the market during the forecast period, owing to the increasing demand for medium-sized baggage vehicles from airports and airlines. The Small capacity segment is expected to witness the fastest growth during the forecast period due to the growing adoption of small-sized baggage vehicles by regional airports and low-cost carriers.The Large capacity segment is expected to account for a significant share of the market during the forecast period, owing to the growing demand for large-sized baggage vehicles from major airports and airlines operating long-haul flights.


Airport Transit Baggage Vehicle Market Fuel Type Insights


The Airport Transit Baggage Vehicle Market is segmented by Fuel Type into Electric, Diesel, and Gasoline. The Electric segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing adoption of electric vehicles in the aviation industry. Electric Airport Transit Baggage Vehicles offer several advantages over traditional fuel-powered vehicles, including lower operating costs, reduced emissions, and improved efficiency. The Diesel segment currently holds the largest market share due to its reliability and cost-effectiveness.However, the Gasoline segment is expected to witness a decline in market share over the forecast period as airports transition to more sustainable and environmentally friendly options.


Airport Transit Baggage Vehicle Market Maneuverability Insights


The Airport Transit Baggage Vehicle Market is segmented based on Maneuverability into Traction Wheel, Caster Wheel, and Articulated. Traction Wheel segment held the largest market share in 2023, accounting for over 55% of the revenue. The Caster Wheel segment is projected to witness the highest CAGR during the forecast period, owing to its superior maneuverability in congested areas and ability to handle tight turns. An articulated segment is expected to hold a significant market share, driven by its ability to navigate complex airport environments and provide efficient baggage handling.The increasing demand for efficient and cost-effective baggage handling solutions in airports is driving the growth of the Airport Transit Baggage Vehicle Market. Key market players are focusing on developing innovative products and technologies to meet the evolving needs of the industry.


Airport Transit Baggage Vehicle Market Regional Insights


The regional segmentation of the Airport Transit Baggage Vehicle Market offers valuable insights into the specific market dynamics and growth opportunities across different regions. North America held a dominant share of the market in 2023 and is projected to retain its position throughout the forecast period, owing to the presence of major airports and a well-established aviation industry. Europe follows closely behind, with a significant market share driven by increasing passenger traffic and investments in airport infrastructure. APAC region is anticipated to witness the highest growth rate during the forecast period due to the rapid expansion of the aviation industry and growing demand for baggage handling solutions.South America and the MEA regions are expected to experience steady growth, which will be supported by increasing tourism and infrastructure development.


Airport Transit Baggage Vehicle Market By Regional


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Airport Transit Baggage Vehicle Market Key Players and Competitive Insights


Airport transit baggage vehicle market players are continuously making endeavors to develop new and better products. Leading airport transit baggage vehicle market manufacturers are focusing on establishing their new production facilities and strengthening their distribution networks to expand their reach. Airport transit baggage vehicle market growth has benefited from the swelling requirement for highly efficient and automated airport transit baggage vehicle markets across the globe. The Airport Transit Baggage Vehicle Market Competitive Landscape is expected to remain highly fragmented over the upcoming years, with major market players focusing on innovation, cost-competitiveness, and strategic moves to safeguard their current market positions.Flightgroup Ltd is a provider of airport transit baggage vehicles focusing on spikes. The company’s products are especially known for their durability, high level of quality, and reliability. Flightgroup Ltd Airport Transit Baggage Vehicle Market manufacturers are also currently launching new technologies to remain abreast of the increasing environmental concerns within the industry, such as the company’s electric-powered transit baggage vehicle that reduces emissions and cuts operating costs simultaneously. Due to its outstanding reputation and widespread geographical presence, this leading player has promising prospects in the airport transit baggage vehicle market.Tug Technologies Corporation, also known as Textron Specialized Vehicles Inc., has become a leading manufacturer of airport transit baggage vehicles specializing in baggage tractor systems. The unit also focuses on manufacturing other types of airport transit baggage vehicle markets, such as belt loaders, as well as other types of ground support equipment of other categories. The majority of TLD airport transit baggage vehicle market equipment is also known for its automation trends that ensure more efficient baggage transit at the airport.


Key Companies in the Airport Transit Baggage Vehicle Market Include



  • Thyssenkrupp

  • TGW Logistics Group

  • Beumer

  • Honeywell

  • Knapp

  • Interroll

  • Dematic

  • Savoye

  • Daifuku

  • Swisslog

  • Grenzebach

  • Vanderlande

  • Bastian Solutions

  • Siemens

  • Fives


Airport Transit Baggage Vehicle Market Industry Developments


The Airport Transit Baggage Vehicle Market is projected to reach a valuation of USD 4.2 billion by 2032, expanding at a CAGR of 3.17% from 2024 to 2032. The increasing air passenger traffic and the growing demand for efficient baggage handling systems are driving the market growth. Automated baggage handling systems have gained traction due to their ability to reduce labor costs and improve operational efficiency. The integration of advanced technologies such as IoT and AI is further enhancing the market landscape. Key players in the market include Toyota Industries Corporation, Vanderlande Industries, and Siemens AG. Recent developments include the launch of autonomous baggage tractors by Toyota Industries and the investment in AI-powered baggage handling systems by Vanderlande Industries. The market is expected to witness continued growth in the coming years, driven by the expansion of airport infrastructure and the adoption of innovative technologies.


Airport Transit Baggage Vehicle Market Segmentation Insights


Airport Transit Baggage Vehicle Market Baggage Type Outlook



  • Checked Baggage

  • Cabin Baggage


Airport Transit Baggage Vehicle Market Operation Outlook



  • Manual

  • Automated


Airport Transit Baggage Vehicle Market Capacity Outlook



  • Small (1-50 bags)

  • Medium (50-200 bags)

  • Large (200+ bags)


Airport Transit Baggage Vehicle Market Fuel Type Outlook



  • Electric

  • Diesel

  • Gasoline


Airport Transit Baggage Vehicle Market Maneuverability Outlook



  • Traction Wheel

  • Caster Wheel

  • Articulated


Airport Transit Baggage Vehicle Market Regional Outlook



  • North America

  • Europe

  • South America

  • Asia Pacific

  • Middle East and Africa


 

Report Attribute/Metric Details
Market Size 2022 3.07(USD Billion)
Market Size 2023 3.17(USD Billion)
Market Size 2032 4.2(USD Billion)
Compound Annual Growth Rate (CAGR) 3.17% (2024 - 2032)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2023
Market Forecast Period 2024 - 2032
Historical Data 2019 - 2023
Market Forecast Units USD Billion
Key Companies Profiled Thyssenkrupp, TGW Logistics Group, Beumer, Honeywell, Knapp, Interroll, Dematic, Savoye, Daifuku, Swisslog, Grenzebach, Vanderlande, Bastian Solutions, Siemens, Fives
Segments Covered Baggage Type, Operation, Capacity, Fuel Type, Maneuverability, Regional
Key Market Opportunities 1 Growing air travel2 Increasing airport traffic3 Need for baggage handling efficiency4 Demand for automated baggage handling systems5 Environmental sustainability concerns
Key Market Dynamics Increasing air passenger traffic Growing focus on passenger experience Technological advancements in baggage handling systems Government regulations on baggage handling safety Rising demand for cost-effective baggage handling solutions
Countries Covered North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ) :

The Airport Transit Baggage Vehicle market size is valued at approximately USD 3.17 billion in 2023 and is projected to reach USD 4.2 billion by 2032, exhibiting a CAGR of 3.17% during the forecast period.

North America is expected to dominate the Airport Transit Baggage Vehicle market throughout the forecast period. The increasing number of airport expansion projects and rising passenger traffic in the region are major factors contributing to the market growth.

Airport Transit Baggage Vehicles are primarily used for the transportation of baggage from aircraft to terminals and vice versa. They play a crucial role in ensuring efficient and timely baggage handling, enhancing passenger convenience and satisfaction.

Some of the key competitors in the Airport Transit Baggage Vehicle market include TLD, ITW GSE, Cavotec, Charlatte Manutention, and Mallaghan. These companies offer a wide range of baggage handling solutions, including Airport Transit Baggage Vehicles, to meet the diverse needs of airports worldwide.

The growing demand for efficient and automated baggage handling systems, increasing airport infrastructure development, and the adoption of advanced technologies such as IoT and AI are key trends driving the growth of the Airport Transit Baggage Vehicle market.

One of the major challenges faced by the Airport Transit Baggage Vehicle market is the rising cost of manufacturing and maintenance of these vehicles. Additionally, the stringent regulations and standards imposed by regulatory bodies pose challenges for manufacturers.

The Airport Transit Baggage Vehicle market is projected to register a CAGR of 3.17% during the forecast period from 2024 to 2032.

The increasing passenger traffic at airports, rising demand for efficient baggage handling systems, and growing investments in airport infrastructure development are key factors contributing to the growth of the Airport Transit Baggage Vehicle market.

The integration of advanced technologies such as IoT and AI into Airport Transit Baggage Vehicles, the development of eco-friendly and sustainable baggage handling solutions, and the expansion of airport infrastructure in emerging economies present significant growth opportunities for the Airport Transit Baggage Vehicle market.

Economic downturns, fluctuations in raw material prices, intense competition, and changes in government regulations pose potential risks associated with investing in the Airport Transit Baggage Vehicle market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 7,250
Enterprise User $ 5,950
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.