Press release
Aircraft Ground Handling System Market to exceed 185 billion by 2024 | Global Key Players - Swissport, SATS, John Menzies, Bhadra, Celebi, Air+Mak, Dnata, CargoTec, Cavotec SA, PrimeFlight, RampSnake, JBT AeroTech
Market Overview:-Aircraft Ground Handling System Market has been gaining considerable popularity of late, pertaining to the increasing consumer spending power and a relatively fast-moving lifestyle. Favorable initiations taken by the government as well as airport authorities to provide comfort and luxurious facilities to passengers will stimulate aircraft ground handling system industry share.
Most of the industry giants are investing heavily to bring about technological enhancements in the handling system to avoid aircraft collisions with ground handling equipment. The emergence of IoT and the implementation of proximity sensors in the system will help to improve the handling facility and avoid collisions.
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Many new aircraft companies have been introducing air vehicles to fulfil increasing need of transportation, mainly across Europe. Europe aircraft ground handling system market will generate considerable revenue over the years ahead, pertaining to the rising number of passengers inclined toward air travel and the escalating investments in the development of additional runways and advanced airports. France and Germany are the prominent revenue contributors, having collectively covered 40% of the regional share in 2016.
Top Key Players:-
The key players of global Aircraft Ground Handling System Market are Swissport, SATS, John Menzies, Bhadra, Celebi, Air+Mak, Dnata, CargoTec, Cavotec SA, PrimeFlight, RampSnake and JBT AeroTech.
Regional Segmentations:-
Airport authorities across APAC are increasingly implementing innovative technologies in aircraft systems to provide efficient services to the passengers. Asia Pacific aircraft ground handling system market covered more than 25% of the regional share in 2016 and will generate notable revenue with a considerable annual growth rate over the period of 2017 to 2024. It has been observed that of late, the APAC population has been giving preference to the air transit, owing to the growing urbanization and rise in population. In addition to this, government and airport authorities are looking forward to expanding airports and are also investing heavily in airport infrastructural development, which will boost aircraft ground handling system industry size.
North America is a lucrative avenue that fuels the demand for all kinds of handling equipment such as cargo, passenger, and aircraft on a large scale. North America aircraft ground handling system market is slated to dominate the global landscape over the years ahead, primarily driven by the technical improvements to enhance operational efficiency.
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Major Points of Table Of Content:-
Aircraft Ground Handling Systems Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. Technology & innovation landscape
3.4.1. Incorporation of sensors in ground handling vehicles and boarding bridges
3.4.2. Towbarless aircraft towing
3.4.3. Remote control aircraft tugs
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. EU
3.5.2.1. EU Directive 96/97/EC
3.5.2.2. EU Ground Handling Directive
3.5.3. China
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Increasing commuters globally
3.6.1.2. Expansion and modernization of airports
3.6.2. Industry pitfalls & challenges
3.6.2.1. High initial costs
3.6.2.2. Quality issues and shortage of ground handling systems
3.7. Growth potential analysis
3.7.1. Business models
3.8. Porter's analysis
3.9. Competitive landscape, 2016
3.9.1. Strategy dashboard
3.10. PESTEL analysis
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Aircraft ground handling system market from aircraft handling will record a substantial CAGR over the coming seven years. To comply with growing number of passengers and fleets, airport authorities are favoring the implementation and development of innovative ideas to provide better service to passengers. Aircraft handling equipment consists of tow tractors, hydraulic testing units, re-fuelers, chocks, de-icing, tow bars, anti-icing system, and jet air starter. Cargo handling is another lucrative product segment of aircraft ground handling system market, which dominated the revenue share in 2016. Surging adoption of this product will augment the aircraft ground handling system industry growth.
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