Press release
Aircraft Ground Handling System Market in Asia Pacific Region is Expected to Show the Rapid Growth in Coming Years | Key Players are Celebi, Swissport, Celebi, Sats Ltd., Bhadra International, Dnata, Air+Mak, and John Menzies plc.
Aircraft Ground Handling System Market
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. According to Global Market Insights, Inc., “Worldwide aircraft ground handling system market was valued USD 110 billion in 2016 and will collect a revenue of 185 billion by 2024 with considerable annual growth rate.”
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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. 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.
Speaking on the geographical proliferation, North America is anticipated to emerge as a viable revenue ground for aircraft ground handling system market, primarily on account of the rising demand for airport infrastructure development. According to ACI-NA’s (Airports Council International-North America) report, American airports currently require over $128 billion worth of investment in over the next five years for developing new infrastructure to improve travel experience for millions of passengers.
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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.
Major players in the aircraft ground handling system market include Celebi, Swissport, Celebi, Sats Ltd., Bhadra International, Dnata, Air+Mak, and John Menzies plc. The other notable industry players include CargoTec, PrimeFlight, RampSnake, Cavotec SA, and JBT AeroTech. Long-term contracts with airport operators are among the key strategies adopted by industry players to enhance their market share in the aircraft ground handling system market.
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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.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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