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Aircraft Ground Handling Systems Market 2023 | Size, Share Analysis, Industry Insights, Growth, And Forecast To 2032
Aircraft Ground Handling Systems Market Analysis
The Business Research Company's Aircraft Ground Handling Systems Global Market Report 2023 identifies growing demand for air travel as the major driver for the aircraft ground handling systems market's growth in the forecast period. Air travel refers to traveling by aircraft from one location to another. This form of transportation involves using airplanes, helicopters, or other aircraft types to transport passengers and cargo through the air. Airlines must ensure that all procedures that take place before take-off and after landing are on time and safe, which is enabled by the aircraft's ground handling systems. These systems ensure that flights are punctual and there is no security for any party involved.
The global aircraft ground handling systems market size is expected to grow from $157.83 billion in 2022 to $168.82 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. 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 global aircraft ground handling systems market size is expected to reach $212.94 billion in 2027 at a CAGR of 5.9%.
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Major competitors in the aircraft ground handling systems market are AERO Specialties Inc., Aviapartner, Bhadra International India Pvt. Ltd., Celebi Havacilik Holding A.S., Dnata, IMAI Aero-Equipment Mfg. Co. Ltd.
A key trend in the aircraft ground handling systems market includes adoption of low-emission GSE (Ground support equipment) and green airports. Major companies operating in the market are developing advanced low-emission ground support equipment and green airport to sustain their position in the market. For instance, in November 2020, CESAB Material Handling, an Italy-based manufacturer of material and ground support equipment, launched Cesab M300V, a diesel and LPG forklift truck line that meets European Stage V emission standards. The Cesab M300V series has capacities ranging from 1.5 to 3.5 tones for great power, low fuel consumption, and low maintenance. The collection has been carefully designed to boost corporate efficiencies, productivity, and reliability. Additionally, in June 2022, Farnborough Airport, Europe's premium air travel connection hub and the home of British aviation unveiled its Net Zero Roadmap, creating one of the aviation industry's most ambitious Net Zero targets in the aviation industry. Farnborough Airport will be among the world's first airports to offer Sustainable Aviation Fuel (SAF), which has the potential to reduce life cycle CO2 emissions by up to 80%.
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The aircraft ground handling systems market is segmented -
1) By Product Type: Passenger Bag Carts, Push Back Tractors, Passenger Boarding Bridges, Tugs and Tractors, Anti-Icing
2) By Technology: Conventional System, Electrical And Hybrid System
3) By System: Aircraft Ground Handling Systems, Cargo Ground Handling Systems, Passenger Ground Handling Systems
4) By Application: Commercial, Military, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the aircraft ground handling systems market.
The Business Research Company's "Global Aircraft Ground Handling Systems Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aircraft Ground Handling Systems Market Include:
1. Executive Summary
2. Aircraft Ground Handling Systems Market Characteristics
3. Aircraft Ground Handling Systems Market Trends And Strategies
4. Aircraft Ground Handling Systems Market - Macro Economic Scenario
5. Aircraft Ground Handling Systems Market Size And Growth
………
26. Africa Aircraft Ground Handling Systems Market
27. Aircraft Ground Handling Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Ground Handling Systems Market
29. Aircraft Ground Handling Systems Market Future Outlook and Potential Analysis
30. Appendix
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