Airport Transit Baggage Vehicle Market to grow by USD 195.65 Mn, Market Segmentation by Technology and Geography – Technavio
NEW YORK, Nov. 14, 2022 /PRNewswire/ — Technavio has been monitoring the airport transit baggage vehicle market, operating under the industrial market. The report estimates the market to register an incremental growth of USD 195.65 million, at an accelerating CAGR of 5.21% during the forecast period. 37% of the growth originated from North America. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Request a Free Sample Report.
Airport Transit Baggage Vehicle Market 2022-2026: Segmentation
- Technology
- Hybrid Transit Baggage Vehicle
- During the projected period, the hybrid transit baggage vehicle segment will significantly increase its market share, which is a part of the airport transit baggage vehicle market. Diesel and electric motors are both used by hybrid tow tractors. Depending on the situation, they can change their mode of operation from diesel to electric or vice versa. This is crucial in airports since luggage tractors travel long distances from the aircraft’s parking spot to the terminal building. These tractors may operate using diesel power when not in the luggage handling zones. These variables will fuel segment growth for hybrid transit luggage vehicles during the forecasted period.
- Electric Transit Baggage Vehicle
- Diesel Transit Baggage Vehicle
- Geography
- North America
- North America will account for 37% of market growth. The airport transit baggage vehicle market in North America is primarily based in the US. The market in this region will expand more slowly than markets in other regions. The airport transit baggage vehicle market will rise in North America over the forecast period due to the huge increase in air traffic and the renovation of airport infrastructure.
- Europe
- APAC
- South America
- Middle East And Africa
To know additional highlights and key points on various market segments and their impact in coming years, Download a Free Sample Report.
Airport Transit Baggage Vehicle Market 2022-2026: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The airport transit baggage vehicle market report covers the following areas:
- Airport Transit Baggage Vehicle Market Size
- Airport Transit Baggage Vehicle Market Trends
- Airport Transit Baggage Vehicle Market Industry Analysis
This study identifies the collective pooling of airside equipment as one of the prime reasons driving the Airport Transit Baggage Vehicle Market growth during the next few years.
Airport Transit Baggage Vehicle Market 2022-2026: Vendor Offerings
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- FAYAT SAS: The company offers AV6 01, Goupil G2 Pick up and Goupil G4 pick up as airport transit baggage vehicles.
- GOLDHOFER: The company offers cargo and baggage tow tractors such as Sherpa E and Sherpa D.
- Harlan Global Manufacturing LLC: The company offers GSE tractors and vehicles such as Trans Con HTSB, service utility HTSBSUV, and others.
- MULAG Fahrzeugwerk GmBH U Co. KG: The company offers towing and baggage electric tractors such as Comet 3E, Comet 4E, and Comet 6E
- Polaris Inc.: The company offers baggage movement vehicles such as MX 600, Taylor Dunn MX 1600, MX 1600, and others.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Buy Free Sample Report.
Airport Transit Baggage Vehicle Market 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist airport transit baggage vehicle market growth during the next five years
- Estimation of the airport transit baggage vehicle market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the airport transit baggage vehicle market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the airport transit baggage vehicle market, vendors
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Airport Transit Baggage Vehicle Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 5.21% |
Market growth 2022-2026 | $195.65 million |
Market structure | Fragmented |
YoY growth (%) | 4.26 |
Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution | North America at 37% |
Key consumer countries | US, China, Germany, France, and UK |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | 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 |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Technology
- 5.1 Market segments
- Exhibit 24: Chart on Technology – Market share 2021-2026 (%)
- Exhibit 25: Data Table on Technology – Market share 2021-2026 (%)
- 5.2 Comparison by Technology
- Exhibit 26: Chart on Comparison by Technology
- Exhibit 27: Data Table on Comparison by Technology
- 5.3 Electric transit baggage vehicle – Market size and forecast 2021-2026
- Exhibit 28: Chart on Electric transit baggage vehicle – Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Electric transit baggage vehicle – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Electric transit baggage vehicle – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Electric transit baggage vehicle – Year-over-year growth 2021-2026 (%)
- 5.4 Diesel transit baggage vehicle – Market size and forecast 2021-2026
- Exhibit 32: Chart on Diesel transit baggage vehicle – Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Diesel transit baggage vehicle – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Diesel transit baggage vehicle – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Diesel transit baggage vehicle – Year-over-year growth 2021-2026 (%)
- 5.5 Hybrid transit baggage vehicle – Market size and forecast 2021-2026
- Exhibit 36: Chart on Hybrid transit baggage vehicle – Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Hybrid transit baggage vehicle – Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Hybrid transit baggage vehicle – Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Hybrid transit baggage vehicle – Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Technology
- Exhibit 40: Market opportunity by Technology ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America – Market size and forecast 2021-2026
- Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.4 Europe – Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.5 APAC – Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.6 South America – Market size and forecast 2021-2026
- Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.8 US – Market size and forecast 2021-2026
- Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.9 Germany – Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 7.10 France – Market size and forecast 2021-2026
- Exhibit 74: Chart on France – Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on France – Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on France – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on France – Year-over-year growth 2021-2026 (%)
- 7.11 China – Market size and forecast 2021-2026
- Exhibit 78: Chart on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.12 UK – Market size and forecast 2021-2026
- Exhibit 82: Chart on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on UK – Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on UK – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 ALVEST
- Exhibit 93: ALVEST – Overview
- Exhibit 94: ALVEST – Product / Service
- Exhibit 95: ALVEST – Key offerings
- 10.4 FAYAT SAS
- Exhibit 96: FAYAT SAS – Overview
- Exhibit 97: FAYAT SAS – Product / Service
- Exhibit 98: FAYAT SAS – Key news
- Exhibit 99: FAYAT SAS – Key offerings
- 10.5 GOLDHOFER
- Exhibit 100: GOLDHOFER – Overview
- Exhibit 101: GOLDHOFER – Product / Service
- Exhibit 102: GOLDHOFER – Key offerings
- 10.6 Harlan Global Manufacturing LLC
- Exhibit 103: Harlan Global Manufacturing LLC – Overview
- Exhibit 104: Harlan Global Manufacturing LLC – Product / Service
- Exhibit 105: Harlan Global Manufacturing LLC – Key offerings
- 10.7 John Bradshaw Ltd.
- Exhibit 106: John Bradshaw Ltd. – Overview
- Exhibit 107: John Bradshaw Ltd. – Product / Service
- Exhibit 108: John Bradshaw Ltd. – Key offerings
- 10.8 MULAG Fahrzeugwerk GmBH u Co. KG
- Exhibit 109: MULAG Fahrzeugwerk GmBH u Co. KG – Overview
- Exhibit 110: MULAG Fahrzeugwerk GmBH u Co. KG – Product / Service
- Exhibit 111: MULAG Fahrzeugwerk GmBH u Co. KG – Key offerings
- 10.9 Polaris Inc.
- Exhibit 112: Polaris Inc. – Overview
- Exhibit 113: Polaris Inc. – Business segments
- Exhibit 114: Polaris Inc. – Key offerings
- Exhibit 115: Polaris Inc. – Segment focus
- 10.10 Textron Inc.
- Exhibit 116: Textron Inc. – Overview
- Exhibit 117: Textron Inc. – Business segments
- Exhibit 118: Textron Inc. – Key offerings
- Exhibit 119: Textron Inc. – Segment focus
- 10.11 Toyota Industries Corp.
- Exhibit 120: Toyota Industries Corp. – Overview
- Exhibit 121: Toyota Industries Corp. – Business segments
- Exhibit 122: Toyota Industries Corp. – Key news
- Exhibit 123: Toyota Industries Corp. – Key offerings
- Exhibit 124: Toyota Industries Corp. – Segment focus
- 10.12 Tronair Inc.
- Exhibit 125: Tronair Inc. – Overview
- Exhibit 126: Tronair Inc. – Product / Service
- Exhibit 127: Tronair Inc. – Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 128: Inclusions checklist
- Exhibit 129: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 130: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 131: Research methodology
- Exhibit 132: Validation techniques employed for market sizing
- Exhibit 133: Information sources
- 11.5 List of abbreviations
- Exhibit 134: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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