Airport Ground Handling Market Major Companies, Strategies and New Trends by 2030
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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.
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.
The major companies profiled in the 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.
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The market is segmented on the basis of application and region. By Application, it is categorized into passenger handling, cargo handling, and aircraft handling. On the basis of region, it is analyzed for North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, the Middle East, and Africa)
AIRPORT GROUND HANDLING MARKET KEY SEGMENTS
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