Airport Transit Baggage Vehicle Market by Technology and Geography - Forecast and Analysis 2022-2026

The airport transit baggage vehicle market share is expected to increase to USD 195.65 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.21%.

This airport transit baggage vehicle market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers airport transit baggage vehicle market segmentations by technology (electric transit baggage vehicle, diesel transit baggage vehicle, and hybrid transit baggage vehicle) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The airport transit baggage vehicle market report also offers information on several market vendors, including Alke s.r.l., ALVEST, FAYAT SAS, GOLDHOFER, Harlan Global Manufacturing LLC, John Bradshaw Ltd., MULAG Fahrzeugwerk GmBH u Co. KG, Nandan GSE Pvt. Ltd., Polaris Inc., Sovam, Textron Inc., Toyota Industries Corp., Tronair Inc., VOLK Fahrzeugbau GmbH, and Zallys S.R.L among others.

What will the Airport Transit Baggage Vehicle Market Size be During the Forecast Period?

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Airport Transit Baggage Vehicle Market: Key Drivers, Trends, and Challenges

The growth in air passenger traffic is notably driving the airport transit baggage vehicle market growth, although factors such as unexpected delays in airport construction may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the airport transit baggage vehicle industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Airport Transit Baggage Vehicle Market Driver

• The growth in air passenger traffic is one of the key factors driving the airport transit baggage vehicle market growth.
• The increasing preference of airlines to introduce point-to-point travel has increased passenger traffic since travelers can enjoy better connectivity.
• As the airline industry is increasing and is always focused on improving its brand name and attracting more passengers, handling baggage becomes a vital task.
• Any damage to the baggage of passengers during handling can result in a bad /image for airlines. Hence, airlines and their service providers adopt various advanced systems and vehicles.
• The timely delivery of baggage from the terminal to the aircraft baggage loading point is essential. Any delay in transit can lead to a delay in airline operations, which can result in significant losses for the aircraft. Thus, in such a case, airport transit baggage vehicle can be a helping hand.

Key Airport Transit Baggage Vehicle Market Trend

• Collective pooling of airside equipment is one of the key airport transit baggage vehicle market trends supporting the market growth.
• Airports use ground handling vehicles for various processes, of which baggage handling vehicles form a major part. However, it may so happen that at a given time, the number of equipment stored in the apron is much more than demanded by handlers and airlines.
• The pressure on ground handling procedures has tremendously increased over the years due to the rise in airport traffic and the demand of passengers for stress-free and on-time performance.  Airports and airlines are taking steps together to ensure that their services are cost and capacity efficient. Damages due to ground handling cost airlines several billion annually.
• The airports have introduced a new concept of collective pooling of airside equipment to increase the efficiency of aircraft ground handling operations. Such developments will increase the adoption of airport transit baggage vehicle during the forecast period.

Key Airport Transit Baggage Vehicle Market Challenge

• Unexpected delays in airport construction is one of the factors hindering market growth.
• Building a new airport requires time and is sometimes done in phases. It demands significant investment and regularly has delayed as a result of its broad supply network.
• Every airport project involves several suppliers offering a wide range of products. Any delay in construction increases the inventory cost for the suppliers, and the entire supply chain bears the losses associated with it.
• Significantly, construction hampers the entire supply chain, including the manufacturers of airport transit baggage vehicles, which acts as a barrier to the growth of the global airport transit baggage vehicle market.

This airport transit baggage vehicle market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global airport transit baggage vehicles market as a part of the global airport services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the airport transit baggage vehicle market during the forecast period.

Who are the Major Airport Transit Baggage Vehicle Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Alke s.r.l.
• ALVEST
• FAYAT SAS
• GOLDHOFER
• Harlan Global Manufacturing LLC
• John Bradshaw Ltd.
• MULAG Fahrzeugwerk GmBH u Co. KG
• Nandan GSE Pvt. Ltd.
• Polaris Inc.
• Sovam
• Textron Inc.
• Toyota Industries Corp.
• Tronair Inc.
• VOLK Fahrzeugbau GmbH
• Zallys S.R.L

This statistical study of the airport transit baggage vehicle market encompasses successful business strategies deployed by the key vendors. The airport transit baggage vehicle market is fragmented and the vendors are deploying growth strategies such as product quality, cost of manufacturing, reliability, delivery cycle time, and geographical diversifications to compete in the market.

Product Insights and News

• Tld-group.com - The company offers baggage tractors such as JST series, JET 16, JCT 60 and others.
• Fayat.com - The company offers AV6 01, Goupil G2 Pick up and Goupil G4 pick up as airport transit baggage vehicles.
• Goldhofer.com - The company offers cargo and baggage tow tractors such as Sherpa E and Sherpa D.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The airport transit baggage vehicle market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Airport Transit Baggage Vehicle Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the airport transit baggage vehicle market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Airport Transit Baggage Vehicle Market?

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37% of the market's growth will originate from North America during the forecast period. The US is the key market for the airport transit baggage vehicle market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The significant growth in air travel aided by the modernization of the airport infrastructure will facilitate the airport transit baggage vehicle market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The aviation industry witnessed a drastic decline in the number of passengers since the outbreak of COVID-19 in the region. However, lockdown restrictions were lifted in a significant number of countries in the region in 2021 as a result of wide-scale vaccination drives, allowing the resumption of various developmental and recreational activities in North America. As a result of these factors, the demand for airport transit baggage vehicles is likely to rise, significantly boosting the growth of the regional market during the forecast period.

What are the Revenue-generating Technology Segments in the Airport Transit Baggage Vehicle Market?

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The airport transit baggage vehicle market share growth by the hybrid transit baggage vehicle segment will be significant during the forecast period. Another segment offering significant growth opportunities to vendors is the hybrid transit baggage vehicle. Hybrid tow tractors employ a diesel engine as well as an electric motor. They can switch their operation from diesel to electric or vice-versa depending on the requirement. This is especially important in airports where baggage tractors cover distances between the parking position of the aircraft to the terminal building. These tractors can use diesel power when away from the apron area and can switch to electric propulsion once they enter baggage handling areas. Such factors will drive the hybrid transit baggage vehicle segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the airport transit baggage vehicle market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Airport Transit Baggage Vehicle Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive airport transit baggage vehicle market growth during the next five years
• Precise estimation of the airport transit baggage vehicle market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the airport transit baggage vehicle industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of airport transit baggage vehicle market vendors

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