Market Overview:
The global airport baggage tractors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for air travel, rising number of airports and increase in trade activities across the globe. Additionally, the increasing adoption of electric vehicles is also propelling the growth of this market. Based on type, the global airport baggage tractors market can be segmented into 2 ton, 3 ton, 4 ton and others. Among these segments, 3 ton airport baggage tractor segment is expected to witness highest growth during the forecast period owing to its high efficiency and low operational cost as compared to other types of airport baggage tractors available in the market. Based on application,the global airport baggage tractorsmarket can be divided into Airport Terminal Operations (ATO), Air Cargo Handling (ACH), Aircraft Pushback & Towage (APT) and Others (includes ground handling services at railway stations or seaports). Among these segments, Airport Terminal Operations segment is anticipatedto hold a dominant position in terms of revenue contribution throughoutthe forecast period 2018-2030 owingto growing demand for air travel across different geographies coupled with rising investments by airports for modernization purposes .
Product Definition:
An airport baggage tractor is a piece of ground support equipment used to tow airplanes, luggage carts and other vehicles on the airfield.
2 Ton:
2-ton is a type of truck used for transporting luggage and goods within an airport. The 2-ton truck has the ability to carry up to 24 tons of cargo, which is more than enough for most airports.
The growth factor in this market can be attributed to factors such as increasing air passenger traffic and growing cargo operations at various airports across the globe.
3 Ton:
3 ton and it's usage in airport baggage tractors market is expected to witness significant growth over the forecast period. The primary factor that propels the growth of this segment includes an increase in air passenger traffic. As per International Air Transport Association (IATA), global passenger traffic was around 49,600 million passengers in 2016 which is projected to grow further owing to increasing number of travelers opting for low-cost airlines such as Frontier Airlines, Spirit Airlines, and others.
Application Insights:
Airport baggage tractors are used for moving luggage from the check-in counter to the aircraft. Increasing number of air travelers and rise in demand for airport lounge access is expected to drive the segment over the forecast period. Moreover, increase in air passenger traffic at major airports across countries such as India, China, U.S., Germany and Brazil is anticipated to further fuel market growth over the next eight years.
The train station application segment accounted for a share of 24% in 2017 owing to increasing railway infrastructure development projects across various regions including Asia Pacific and Europe which will lead to an increase in passengers traveling by rail thereby fueling demand for baggage handling services at train stations among other segments such as port or others which includes road transportation terminals etc.
Regional Analysis:
North America dominated the global market in 2017. The growth is majorly attributed to the presence of a large number of airline operators and Baggage Handling Agents (BHAs) in this region. North America has more than 300 airports that are served by one or more airlines operating scheduled and charter flights. As per the International Air Transport Association (IATA), these airports handle around 60% of total passenger traffic worldwide, making it a key regional segment for industry participants as well as an important source of revenue for BHAs and other service providers operating at airport terminals worldwide.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing demand from low-cost carriers such as Southwest Airlines, Garuda Indonesia, Jet Airways, etc., which serve various domestic routes across Asia Pacific region with medium-sized aircraft (2+0 seating arrangement).
Growth Factors:
- Increasing demand for air travel: The number of passengers travelling by air is increasing every year. This is driving the demand for airport baggage tractors.
- Growing investments in airports: Airport operators are investing in new terminals and other infrastructure to meet the rising demand for air travel. This is also driving the demand for airport baggage tractors.
- Proliferation of low-cost carriers: The proliferation of low-cost carriers has led to an increase in the number of passengers travelling by air, which is driving the demand for airport baggage tractors.
- Development of smart airports: Airports are becoming smarter with the deployment of advanced technologies such as RFID and barcode scanning systems to improve efficiency and security levels. This is also driving the demand for airport baggage tractors . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Airport Baggage Tractors Market Research Report
By Type
2 Ton, 3 Ton, 4 Ton, Others
By Application
Airport, Port, Train Station, Others
By Companies
TLD (ALVEST Group), Avro, Charlatte, Wollard International, Bradshaw, LTMG, VOLK Fahrzeugbau GmbH, Textron GSE, Eagle Tugs (Tronair), Jiangsu Tianyi, Shanghai Hangfu, Tron-e Technology Co, Shanghai Cartoo, Guangtai, Jiangsu Hangtai, JAC, YSTAR, Hangcha
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Airport Baggage Tractors Market Report Segments:
The global Airport Baggage Tractors market is segmented on the basis of:
Types
2 Ton, 3 Ton, 4 Ton, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Airport, Port, Train Station, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TLD (ALVEST Group)
- Avro
- Charlatte
- Wollard International
- Bradshaw
- LTMG
- VOLK Fahrzeugbau GmbH
- Textron GSE
- Eagle Tugs (Tronair)
- Jiangsu Tianyi
- Shanghai Hangfu
- Tron-e Technology Co
- Shanghai Cartoo
- Guangtai
- Jiangsu Hangtai
- JAC
- YSTAR
- Hangcha
Highlights of The Airport Baggage Tractors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2 Ton
- 3 Ton
- 4 Ton
- Others
- By Application:
- Airport
- Port
- Train Station
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Airport Baggage Tractors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A baggage tractor is a large machine used to move luggage and other cargo between the airport terminal and the aircraft.
Some of the major companies in the airport baggage tractors market are TLD (ALVEST Group), Avro, Charlatte, Wollard International, Bradshaw, LTMG, VOLK Fahrzeugbau GmbH, Textron GSE, Eagle Tugs (Tronair), Jiangsu Tianyi, Shanghai Hangfu, Tron-e Technology Co, Shanghai Cartoo, Guangtai, Jiangsu Hangtai, JAC, YSTAR, Hangcha.
The airport baggage tractors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Airport Baggage Tractors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Airport Baggage Tractors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Airport Baggage Tractors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Airport Baggage Tractors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Airport Baggage Tractors Market Size & Forecast, 2020-2028
4.5.1 Airport Baggage Tractors Market Size and Y-o-Y Growth
4.5.2 Airport Baggage Tractors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 2 Ton
5.2.2 3 Ton
5.2.3 4 Ton
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Airport
6.2.2 Port
6.2.3 Train Station
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Airport Baggage Tractors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Airport Baggage Tractors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 2 Ton
9.6.2 3 Ton
9.6.3 4 Ton
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Airport
9.10.2 Port
9.10.3 Train Station
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 2 Ton
10.6.2 3 Ton
10.6.3 4 Ton
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Airport
10.10.2 Port
10.10.3 Train Station
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 2 Ton
11.6.2 3 Ton
11.6.3 4 Ton
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Airport
11.10.2 Port
11.10.3 Train Station
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 2 Ton
12.6.2 3 Ton
12.6.3 4 Ton
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Airport
12.10.2 Port
12.10.3 Train Station
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 2 Ton
13.6.2 3 Ton
13.6.3 4 Ton
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Airport
13.10.2 Port
13.10.3 Train Station
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Airport Baggage Tractors Market: Competitive Dashboard
14.2 Global Airport Baggage Tractors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TLD (ALVEST Group)
14.3.2 Avro
14.3.3 Charlatte
14.3.4 Wollard International
14.3.5 Bradshaw
14.3.6 LTMG
14.3.7 VOLK Fahrzeugbau GmbH
14.3.8 Textron GSE
14.3.9 Eagle Tugs (Tronair)
14.3.10 Jiangsu Tianyi
14.3.11 Shanghai Hangfu
14.3.12 Tron-e Technology Co
14.3.13 Shanghai Cartoo
14.3.14 Guangtai
14.3.15 Jiangsu Hangtai
14.3.16 JAC
14.3.17 YSTAR
14.3.18 Hangcha
