India Ground Handling Services Market is Expected to Reach around USD 1.7 Billion by FY’2026: Ken Research

• Increasing air passenger and freight traffic will increase demand for ground handling services in the future.
• Growth in airline fleets and modernization and expansion of airport terminals will be a major contributor to the ground handling services market in India.
• Increased level of implementation of favorable government schemes will augment the ground handling services market in India.

India Ground handling services market offers compelling opportunities in the future with the implementation of favorable government schemes such as UDAN and 100% FDI in ground handling services market. The 100% FDI scheme will encourage and enable foreign investors to enter the market. UDAN scheme will lead to construction of new airports in India which will poise opportunities for ground handling companies. Growth in the airline fleet in India will also increase demand for ground handling services as flight time increases. With rise in per capita income, people will prefer to travel by air rather than rail transport, thus increasing the number of air passengers. As e-commerce industry in India will grow, transportation of cargo, especially by air, will swell in future. These factors together will lead to growth in demand for ground handling services.
Analysts at Ken Research in their latest publication “India Ground Handling Services Market Outlook to 2026 – Compelling Potential with New Tenders for 90 AIA Airports” believe that new ground handling companies should target airports in Tier 2 cities in India and increase their focus on security and customer centricity in service provision to gain larger ground in the market. Airports Authority of India is planning to release RFQs for 90 AAI operated airports in India. Up-to 2 ground handling service providers will be required to operate at these airports apart from AIATSL/AISATS. This presents significant potential for ground handlers in India ground handling services market.
India ground handling services market is expected to register a positive CAGR of around 14.1% during the period FY’2018 – FY’2026. Increasing number of people travelling by air, growth in air cargo and ground handler focus on security and customer centric approach are expected to have a positive effect on the overall revenue of the India Ground Handling Market.

Products Covered:
Airport Ground Handling Services, Passenger Handling Services, Ramp Handling Services, Cargo Handling Services, check-in, gate arrival/departure, customer service counters, lost/damaged/transfer baggage handling, unaccompanied minors and special needs customers, interior cabin cleaning, temperature control and de-icing, lavatory/water services, handling checked-in baggage, aircraft tow/pushback, airport bussing, offloading/loading and storage of pallets, containers and unit load devices, cargo supervision and security screening, export/import cargo handling and mail, perishable cargo handling, DG handling, VAL handling, notification of recipients, ULD build up and break-down

Companies Covered:
Air India Air Transport Services Ltd. (AIATSL), Air India SATS Ltd., Bird Worldwide Flight Services, Celebi Nas Airport Services India Pvt. Ltd., Bhadra International Pvt. Ltd., Indo-thai Airport Management Services, Menzies Aviation Bobba (Bangalore) Pvt. Ltd, GlobeGround India, Celebi Delhi Cargo Terminal Management Private India Limited, IFOS Aviation Services Private Limited, Bird Execujet Airport Services Private Limited, Bangalore Airport Terminal Management Private India Limited, Cargo Service Centre, KCIC Private Limited and Indamer MJets Airport Services Private Limited.

Key Target Audience
Ground Handling Services Companies
Air Cargo Handling Companies
Different Airlines and Air Transport Companies
Airport Management Companies and Airport Authority
Ground Support Equipment Providers

For more information about the report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/general-transportation/india-ground-handling-services-market/155051-100.html

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Ankur@kenresearch.com
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This release was published on openPR.