Press release
Ground Handling Services Market Leading Players, Size, Share, Current Trends, Segmentation And Forecast To 2033
Ground Handling Services Market Analysis
The Business Research Company presents an extensive market research report on the Ground Handling Services Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The ground handling services market size has grown strongly in recent years. It will grow from $26.15 billion in 2023 to $28.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to air travel expansion, airline deregulation, airport infrastructure development, globalization of air travel, security and safety regulations.
The ground handling services market size is expected to see strong growth in the next few years. It will grow to $37.79 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to environmental sustainability focus, shifts in airline business models, airline fleet expansion, globalization of air travel, airport infrastructure investments. Major trends in the forecast period include digitalization and automation, personalized services, sustainability initiatives, enhanced security measures, adaptation to new airline business models, data analytics and predictive maintenance.
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Key Market Players:
Major companies operating in the ground handling services market report are Baltic Ground Services, Dubai National Air Transport Association , Aerospace Jet Group, Swiss Aviation Group AG, SAAB AB, Cargotec Corporation, Worldwide Flight Services (WFS), JBT Corporation, Swissport International Ltd., Singapore Airport Terminal Services Limited , Beumer Group GmbH & Co. KG, TAV Havalimanları Holding A.Ş., Groundforce Handling Portugal , Aviapartner Group NV, Weihai Guangtai Airport Equipment Co. Ltd., Goldair Handling SA, Airport Terminal Services Inc., Cavotec Group SA, Mallaghan Engineering Ltd, Menzies Aviation plc, Skyplan Services Ltd., Belau Transfer and Terminal Company, AFS Aviation Services Limited , Vision Aviation Global, AN Aviation Services Co. Ltd., AvJet International (FZE), Proground GmbH, Myanmar National Airlines, Airline Services Ltd., Jet Aviation Business Jets AG , Çelebi Havacılık Holding A.Ş. , Royal Aviation, SAS Ground Handling AB
Market Drivers:
The increased demand for air freight cargo is expected to propel the growth of the ground 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. For instance, in January 2022, according to a report published by the International Air Transport Association (IATA), a Canada-based trade association, global air freight markets revealed that full-year demand for air cargo climbed by 6.9% in 2021. Therefore, an increase in demand for air freight cargo will drive the growth of the airport ground and cargo handling services market.
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https://www.thebusinessresearchcompany.com/report/ground-handling-services-global-market-report
The ground handling services market covered in this report is segmented -
1) By Service: Ground handling, Passenger ground handling, Ramp handling, Other Services
2) By Airport Type: International, Domestic
3) By Application: Civil, Military
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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