India

Airport Baggage Protection Market Size Expected To Reach USD 7.86 Billion By 2029 – Latest Forecast | NEWSCAST


The global airport luggage protection market is valued at approximately USD 5.42 billion in 2021 and is expected to grow at a healthy growth rate of over 6.20% during the forecast period 2022-2029.

market Overview

Airport Baggage Protection is a baggage protection service offered by airports to prevent unauthorized access and damage to baggage. Luggage wrapping is done by attaching plastic or cardboard film to the luggage. In addition, in the event that part of the luggage is stolen or damaged, the luggage fee will be refunded. Baggage will be packed at check-in at the airport. Rising air passenger traffic in the post-cobit era, rising investments in airport infrastructure, and strategic initiatives by key market players are the key factors accelerating the growth of the global market.

Increase in air passenger traffic in the post-COVID-19 era is boosting the growth of the global airport luggage protection market. For example, according to the calculations of the International Air Transport Association, in July 2022, the international passenger traffic of airlines in the Asia-Pacific region will increase by 528.8% compared with July 2021. Furthermore, European airlines are growing at 115.6% from July 2021 levels. Moreover, increasing government investment in airport infrastructure development is also influencing the growth of the market. For example, in December 2021, Airports Authority of India announced a capital expenditure of $316.28 million for the development, upgrading and modernization of airports across the country. Furthermore, increasing demand for luggage security and expansion of aviation logistics and transportation services will create favorable growth prospects for the market during the forecast period. However, insufficient penetration in developing regions will hamper market growth during the forecast period 2022-2029.

Coverage by region.

The key regions for the global airport luggage protection market study include Asia-Pacific, North America, Europe, Latin America, and the rest of the world. North America dominates the market in terms of revenue owing to the presence of large service providers and the continuous modernization of existing airports in the region. On the other hand, Asia Pacific is expected to grow at the highest CAGR over the forecast period owing to factors such as increasing international passenger traffic in the region and increasing penetration of key service providers in the region.

competition analysis.

Key market players included in this report include:
security bag
secure package
True Star Group
seal and leave
Fly Friends Air Travel
tripod
Excess Baggage Group Co., Ltd.
safe travel
Provia
Daifuku Co., Ltd. Proavia Daifuku Co., Ltd.

The latest market developments:

In May 2022, India’s Guwahati Airport opened a “luggage packing” facility in the departure hall outside the terminal. The new facility will be open to passengers in the departure terminal lobby.

Research purposes

The objective of this study is to determine the market size of various segments and countries in recent years and to project its value in the coming years. The report aims to include both qualitative and quantitative aspects of the industries of the countries surveyed.

It also provides detailed information on key aspects such as drivers and challenges that will determine the future growth of the market. Furthermore, it incorporates potential opportunities of the micro market for stakeholder investments along with in-depth analysis of the competitive landscape and product offerings of the key players.

Report scope

By Type: (Plastic Packaging, Cardboard Packaging)

By Application: (Theft Prevention, Accidental Ingestion, Damage Prevention)

By End User: (Commercial Airlines, Logistics)

by region

North America (US, Canada, Mexico)

Europe (UK, Germany, France, Italy, Spain, Poland, Russia, Netherlands, Belgium, Turkey, Nordic Countries, Rest of Europe)

Asia Pacific (China, India, Japan, Korea, Australia, New Zealand, ASEAN countries, Rest of Asia Pacific)

Middle East/Africa (UAE, Saudi Arabia, South Africa, Israel, Kuwait, Qatar, Oman, MEA countries, others)

South America (Argentina, Brazil, Rest of South America)

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