Airport Ground Handling Market Growth, Major Companies, Strategies and New Trends by 2030
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The major companies profiled in the airport ground handling market report include JBT Teleflex Lionel-Dupont (TLD) Group (France), Corporation (US), AMSS GSE (UK), GATE GSE (Belgium), Mallaghan Engineering Ltd. (UK), Tug Technologies Corporation (US), Tronair Inc. (US), MULAG Fahrzeugwerk GmbH (Germany), and Clyde Machines Inc. (US). These players have adopted different strategies such as expansion and new product development to gain significant airport ground handling market share.
The factors that drive the airport ground handling market include increase in infrastructure development in the aviation industry, baggage safety, to avoid delays caused by aircraft, and security along with reduced ground time for ensuring operational efficiency. In addition, the factors that restrain the market growth are huge investments for heavy cargo and airplane handling system, changing consumer behavior, and increasing demand for quality services along with initial setup cost. An average handling equipment has a product lifespan of around six to nine years and requires replacement after a that. Absence of sensors in handling systems could lead to collisions among aircrafts, the implementation of sensors including aircraft proximity detectors ensure effective operations and help to avoid collisions that is expected to contribute to the airport ground handling market growth.
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Airports are undergoing continuous upgradation to enhance their infrastructure and improve customer experience. Aircraft ground handling system is involved in various operational services to reduce ground time and to improve aircraft productivity between its arrival and next departure. Speed, efficiency, and accuracy are most important in ground handling services to minimize the turnaround time. Factors such as to avoid delays caused by aircraft, baggage safety & security, and reduced ground time to ensure operational efficiency drive the airport ground handling market. Heavy snow fall in some regions like North America and Europe and frequently changing weather conditions significantly affect airport operations. Most ground handlers use renewable energy systems like biogas snow equipment to remove snow at airports. These systems enable ground handlers to reduce dependency on fuel and reduce carbon emission footprints. These developments are expected to support airport ground handling market growth.
With a phenomenal year-on-year growth of around 16% in the air passenger footfall, the sector is poised to become the third largest aviation market, handling a passenger traffic of 421 million, by 2020.Such a profound growth in the number of passengers, air cargo and airports, has accelerated the demand for specialized functioning of ground handling services. Activities like aircraft fueling, loading and unloading of aircrafts, and overall security require high level of expertise, investment, and a highly trained and skilled workforce. These high precision activities are efficiently carried out by certified ground handling companies that have workforce which provides end-to-end quality service of global standards with world class technologies and equipment to carry out the same.
KEY BENEFITS FOR STAKEHOLDERS
o This study comprises analytical depiction of the airport ground handling market with current trends and future estimations to depict the imminent investment pockets.
o The overall market potential is determined to understand the profitable trends to gain a stronger foothold airport ground handling industry.
o The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
o The airport ground handling market is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
o Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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AIRPORT GROUND HANDLING MARKET KEY SEGMENTS
o Passenger Handling
o Cargo Handling
o Aircraft Handling
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