Global Aircraft Ground Handling Systems Market to hit $185bn by 2024 | Companies include Swissport, SATS, John Menzies, Bhadra, Celebi, Air+Mak, Dnata, CargoTec, Cavotec SA, PrimeFlight, RampSnake and JBT AeroTech.

Aircraft Ground Handling Systems Market in North America dominated the industry in 2016 and is anticipated to continue its dominance over the forecast timeframe. Rising focus of airport authorities towards advancements in operations’ efficiency for catering to the rising demands of passengers will support the industry dominance. Additionally, in 2015, the 10 busiest airports in the U.S. handled approximately 297 million passengers. Similarly, Canada’s top 10 busiest airports handled around 111 million passengers in the same year, thus supporting the high revenue generation in the region over the next seven years.

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Asia Pacific accounted for approximately 26% revenue share in 2016 and is poised to grow at highest CAGR of 7% over the forecast timeframe owing to rising population, increasing prominence of air travel, and increasing airport construction across the region. Integration of innovations in ground handling in countries including China and India will further support the industry growth. Expansion & modernization of airport infrastructure along with rising investments on infrastructural development will provide the industry with the stable future growth prospects over the next seven years.

Aircraft Ground Handling Systems Market size is set 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 systems 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.

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.

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Europe aircraft ground handling system industry is projected to experience an accelerating growth over the coming seven years, subject to an increase in the number of new aircrafts resulting in the allocation of more budgets for constructing high-grade airports & runways. France and Germany, which jointly accounted for nearly 40% of Europe aircraft ground handling system industry share in 2016, are expected to significantly influence the business space.

Aircraft handling, passenger handling, and cargo handling are the major products of aircraft ground handling systems. Cargo handling systems, which dominated the product landscape in 2016, are expected to contribute a major chunk toward aircraft ground handling system industry share over the coming timeframe. Mounting need for swift transportation of materials is expected to elevate the product demand.

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.

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The industry is vastly fragmented with around 1000 companies that provide aircraft, passenger, and cargo handling services and equipment. SATS, Swissport, John Menzies, Air+Mak, Dnata, Bhadra, and Celebi are among the prominent participants in the aircraft ground handling systems market. Other notable players include Cavotec SA, PrimeFlight, CargoTec, JBT AeroTech, and RampSnake.

Aircraft Ground Handling Systems Market By Product

• Passenger handling
• Cargo handling
• Aircraft handling

The above information is provided on a regional basis for the following:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Russia
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• MEA
• Middle East
• South Africa

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.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.