Press release
Ground Handling Services Market Forecast 2024-2033 Size, Drivers, Trends And Competitors
Ground Handling Services Market
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.
Market Overview -
The ground handling services refer to a variety of assistance given to assist an aircraft for ground repositioning, preparation, and completion of a flight, including customer service and ramp service activities. Ground handling services' primary objective is to increase speed, efficiency, and precision while decreasing the turnaround time of airplanes. It improves the airport's capabilities to provide customer service.
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Surging Demand For Air Freight Cargo Fuels Expansion In Airport Ground And Cargo Handling Services Market
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.
Competitive Landscape -
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
Revolutionizing Ground Handling Services Market Through Cutting-Edge Technological Innovations In Electric Material Handling Equipment
Technological innovation are a key trend gaining popularity in the ground handling services market. Major players are concentrating on creating innovative equipment technologies products, such as electric material handling equipment to strengthen their position. For instance, in May 2022, Linde Material Handling, a Germany-based manufacturer of forklift trucks and warehouse equipment company, introduced electric heavy-duty forklift trucks with load capacities ranging from 10 to 18 tonnes. This innovative, compact, heavy-duty truck series is built on the eight-ton range and includes a double drive, double lifting hydraulics, two batteries, and scaled pumps.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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