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Global Airport Ground and Cargo Handling Services Market Analysis, Trends, Drivers, Growth Opportunities, and Future Outlook: Aviapartner Group, Swissport International AG, Worldwide Flight Services
Airport Ground And Cargo Handling Services Market
Airport Ground And Cargo Handling Services Market Size, Growth Rate, And Forecast
The global airport ground and cargo handling services market size is expected to grow from $22.25 billion in 2022 to $24.20 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The airport ground and cargo handling services market size is expected to reach $32.50 billion in 2027 at a CAGR of 7.6%.
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Airport Ground And Cargo Handling Services Market Drivers
The increased demand for air freight cargo is expected to propel the growth of the airport ground and cargo handling services market going forward. Air freight cargo is the process of shipment in which goods are transferred via a chartered or scheduled air carrier. The changing consumer preference and growing E-commerce industry have witnessed an increased demand for air freight cargo due to its fast and same-day delivery services. This mode of transportation necessitates a dependable and quick turnaround time handling technique, boosting the demand for airport ground and cargo handling services to reduce halt time resulting in less emission on airports.
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Airport Ground And Cargo Handling Services Market Segments
• By Airport Type: Domestic, International
• By Services: Passenger Handling, Baggage handling, Cargo and Mail Handling, Aircraft Handling, Ramp Handling
• By Infrastructure Type: Greenfield Airport, Brownfield Airport
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the airport ground and cargo handling services market.
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Airport Ground And Cargo Handling Services Market Key Players
Major competitors in the airport ground and cargo handling services market are Aviapartner Group, Swissport International AG, Worldwide Flight Services, Alvest Group Company, Mallaghan Engineering Limited, MULAG Fahrzeugwerk, Weihai Guangtai Airport Equipment Co. Ltd.
The Business Research Company's "Global Airport Ground And Cargo Handling Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Airport Ground And Cargo Handling Services Market Include:
1. Executive Summary
2. Airport Ground And Cargo Handling Services Market Characteristics
3. Airport Ground And Cargo Handling Services Market Trends And Strategies
4. Airport Ground And Cargo Handling Services Market - Macro Economic Scenario
5. Airport Ground And Cargo Handling Services Market Size And Growth
………………
27. Airport Ground And Cargo Handling Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Airport Ground And Cargo Handling Services Market
29. Airport Ground And Cargo Handling Services Market Future Outlook and Potential Analysis
30. Appendix
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