The airport ground and cargo handling services market size is expected to see strong growth in the next few years. It will grow to $35.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to global trade dynamics, demand for specialized services, sustainability initiatives, focus on contactless solutions, air travel recovery. Major trends in the forecast period include strategic collaborations, product innovations, advanced material technologies, focus on efficiency and cost reduction, safety and security measures, airline alliances and partnerships.
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Scope Of Airport Ground And Cargo Handling Services Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Airport Ground And Cargo Handling Services Market Overview
Market Drivers –
The increased demand for air freight cargo is expected to propel the growth of the airport ground and cargo handling services market going forward. Air freight cargo is the process of shipment in which goods are transferred via a chartered or scheduled air carrier. The changing consumer preference and growing E-commerce industry have witnessed an increased demand for air freight cargo due to its fast and same-day delivery services. This mode of transportation necessitates a dependable and quick turnaround time handling technique, boosting the demand for airport ground and cargo handling services to reduce halt time resulting in less emission on airports. For instance, in January 2022, according to a report published by the International Air Transport Association (IATA), a Canada-based trade association, global air freight markets revealed that full-year demand for air cargo climbed by 6.9% in 2021. Therefore, an increase in demand for air freight cargo will drive the airport ground and cargo handling services market.
Market Trends –
Major companies operating in the airport ground and cargo handling services market are developing innovative products such as services for battery-powered support equipment to meet larger customer bases, more sales, and increase revenue. Service for battery-powered support equipment refers to the provision of maintenance, repair, and operational support for equipment or vehicles that rely on battery power. For instance, in October 2022, UL Solutions, a US-based safety science company, launched a service and standard for assessing electric ground support equipment at airports that operate on lithium-ion batteries. The distinctive feature of this new service is its capability to align electric ground support equipment with the UL 5840:2022 Standard for electrical systems of battery-powered aviation ground support equipment. UL 5840 establishes clear safety requirements, specifically addressing fire, electric shock, and explosion hazards associated with lithium-ion battery-powered airport ground support equipment. Notably, it also provides guidelines for retrofitting lithium-ion batteries into traditional diesel-powered equipment during fleet upgrades. This unique service effectively addresses potential issues related to the utilization, installation, and maintenance of lithium-ion batteries in ground support equipment, facilitating ground handlers in expediting the adoption of battery-powered solutions and thereby reducing airfield emissions.
The airport ground and cargo handling services market covered in this report is segmented –
1) By Airport Type: Domestic, International
2) By Services: Passenger Handling, Baggage handling, Cargo and Mail Handling, Aircraft Handling, Ramp Handling
3) By Infrastructure Type: Greenfield Airport, Brownfield Airport
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Regional Insights –
North America was the largest region in the airport ground and cargo handling services market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport ground and cargo handling services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the airport ground and cargo handling services market report are Aviapartner N.V., Swissport International AG, Worldwide Flight Services Inc., Alvest Group Company Limited, Mallaghan Engineering Limited, MULAG Fahrzeugwerk GmbH & Co. KG, Weihai Guangtai Airport Equipment Co. Ltd., JBT AeroTech Corporation, Fraport AG Frankfurt Airport Services Worldwide, Airport Associates, John Bean Technologies Corporation, ADELTE Group SL, Cavotec SA, Vestergaard Company A/S, Cargotec Corporation, Dubai National Air Transport Association, Havas Ground Handling Company, AeroGround Flughafen München GmbH, Aeroporti di Roma S.p.A., Air France-KLM, Air India SATS Airport Services Private Limited, Air Serv Corporation, Alliance Ground International, Flightcare Global, Goldair Handling, Thai Airways International Public Company Limited, Transworld Aviation Limited, Turkish Ground Services A.Ş., United Ground Express Inc., Universal Aviation Aircraft Services Inc.
Table of Contents
1. Executive Summary
2. Airport Ground And Cargo Handling Services Market Report Structure
3. Airport Ground And Cargo Handling Services Market Trends And Strategies
4. Airport Ground And Cargo Handling Services Market – Macro Economic Scenario
5. Airport Ground And Cargo Handling Services Market Size And Growth
…..
27. Airport Ground And Cargo Handling Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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