Aircraft Ground Handling System Market Set for Massive Growth | Key Players are Aero Specialties, Air+Mak Industries, Bhadra, Bharat Earth Movers, CargoTec, Cavotec SA, Celebi, Dnata, JBT AeroTech, John Menzies, PrimeFlight, RampSnake, SATS, Swissport

Market Overview:-

Aircraft Ground Handling System Market to reach USD 185 billion by 2024, according to a new research report by Global Market Insights, Inc. The growing demand for quality solutions and products due to technological advancements and changing consumer behavior have increased aircraft ground handling system market demand. Manufacturers offer solutions and high-end products that can cater to current business demands and overcome the challenges faced by the end users.

According to the International Air Transport Association (IATA), about 3.7 billion passengers have traveled by air in 2016 owing to an average reduction in return fares. The ten-year annual growth rate was 5.5% and the passengers’ traffic rose to 6.7% in 2016 as compared to 2015. Increasing air travel will lead to the aircraft ground handling system market demand for handling cargo, passengers, and aircraft.

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Airlines and service providers have developed effective handling techniques for perishable products and provide shippers with cost-effective and optimum packaging methods. Passenger handling includes various services including ticketing, baggage check-in, boarding, passenger assistance, security screening, and special services. Passenger handling equipment includes towable stairs, passenger buses, etc.

The major challenge faced by the government is to meet the infrastructure demand for rising air travel by providing the necessary infrastructure. Heavy investments in the equipment used in aircraft and cargo handling systems will restrain the aircraft ground handling system market growth over the forecast timeline as the equipment has a lifecycle of about 6-10 years.

Top Key Players:-

• Aero Specialties, Inc.
• Air+Mak Industries
• Bhadra
• Bharat Earth Movers Ltd.
• CargoTec
• Cavotec SA
• Celebi
• Dnata
• JBT AeroTech
• John Menzies
• PrimeFlight
• RampSnake
• SATS Ltd.
• Swissport

Regional Segmentations:-

Latin America air traffic has increased by 7.4% in 2016. Despite the political and economic uncertainties in the region’s largest industry, Brazil, the Latin American air traffic showcased growth. The domestic travel accounted for 46% of the operations from Brazil.

The Middle East and Africa aircraft ground handling system market size is predicted to witness exponential growth in upcoming years owing to favorable regulatory scenario regarding secure and efficient equipment. Moreover, increasing globalization has led to an expansion of airline businesses across regions, fueling the industry growth in this region.

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Major Points of Table Of Content:-

3. 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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Passenger handling is anticipated to witness significant growth over the forecast timeframe owing to increased passenger traffic coupled with the prominence of air travel. Cargo management is expected to account for the highest aircraft ground handling system market share owing to the increasing demand for quick material transportation.

The major aircraft ground handling system market players are investing heavily in R&D activities for various sustainable equipment including battery-operated trucks and tugs for the reduction in carbon emissions and fuel consumption costs. The usage of advanced optimizations equipment and software programs are increasing as they are synchronized to handle increasing traffic.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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