Aircraft Ground Handling System Market | 2018 Vendors SATS Ltd., Swissport, dnata, CargoTec
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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.
Asia Pacific aircraft ground handling system industry, which contributed more than 25% of the overall industry share in 2016, is projected to experience a significant growth over the coming timeline. Escalating population, an increase in the air travel frequency, and growing urbanization are some of the factors forecast to favorably influence the development trends.
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.
North America aircraft ground handling system market is forecast to retain its leading position over the next few years, owing to the increasing efforts made by the airport authorities to increase the operational efficiency and thus ensure passenger satisfaction.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1.Aero Specialties, Inc.
2. Air+Mak Industries
5. Cavotec SA
8. JBT AeroTech
9. John Menzies
12. SATS Ltd.
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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 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.
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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The industry is highly fragmented with about 1000 companies providing aircraft ground handling system market products and services. Swissport, SATS, John Menzies, Bhadra, Celebi, Air+Mak, and Dnata are among the prominent players. Other notable players in the industry include CargoTec, Cavotec SA, PrimeFlight, RampSnake and JBT AeroTech.
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