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Ground Handling Services Market Analysis, Trends, Growth, Research And Forecast 2032
Ground Market Handling Services
Ground Handling Services Market Size, Growth Rate, And Forecast
The global ground handling services market is expected to grow from $24.94 billion in 2022 to $26.29 billion in 2023 at a compound annual growth rate (CAGR) of 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 ground handling services market is expected to grow to $34.30 billion in 2027 at a CAGR of 6.9%.
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Ground 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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Ground Handling Services Market Segments
• By Service: Ground handling, Passenger ground handling, Ramp handling, Other Services
• By Airport Type: International, Domestic
• By Application: Civil, Military
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the ground handling services market.
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Ground Handling Services Market Key Players
Major competitors in the ground handling services market include Mallaghan Engineering Ltd., Cavotec SA, JBT Corporation, Cargotec Oyj, SAAB Group, Beumer Group, Weihai Guangtai Airport Equipment Co.Ltd.
The Business Research Company's "Global Ground 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 Ground Handling Services Market Include:
1. Executive Summary
2. Ground Handling Services Market Characteristics
3. Ground Handling Services Market Trends And Strategies
4. Ground Handling Services Market - Macro Economic Scenario
5. Ground Handling Services Market Size And Growth
……
26. Africa Ground Handling Services Market
27. Ground Handling Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ground Handling Services Market
29. Ground Handling Services Market Future Outlook and Potential Analysis
30. Appendix
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