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Ground Handling Services Market Key Trends And Forecast Report 2024-2033
Ground Handling Services Market
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
1. Executive Summary
2. Ground Handling Services Market Report Structure
3. Ground Handling Services Market Trends And Strategies
4. Ground Handling Services Market - Macro Economic Scenario
5. Ground Handling Services Market Size And Growth
…..
27. Ground Handling Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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