Latest Breaking News On - Global baggage handling system market - Page 1 : comparemela.com
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$10+ Billion Baggage Handling System Markets by Mode, Solution, Check-In, Conveying, Tracking - Global Forecast to 2025 - ResearchAndMarkets.com
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The Global Baggage Handling System Market is Projected to Grow to USD 10.3 Billion by 2025 from USD 7.5 Billion in 2020, at a CAGR of 6.6%
Improvement in the current infrastructure of airports and the establishment of new airports would accelerate the growth of the baggage handling system market. The higher cost of maintaining advanced baggage handling systems is restraining the growth of the baggage handling system market.
However, the COVID-19 pandemic has resulted in a significant decline in revenues of airports, railways, and marine sectors across the globe. Additionally, the decline in passenger footfall after the partial lifting of lockdowns, along with restricted, preferential travel, considering the fear of a second wave of the pandemic, has affected all the modes of transport.