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Airport Ground And Cargo Handling Services Market 2024 - Emerging Trends, Growth Potential, Revenue Analysis And Business Outlook till 2033

07-30-2024 10:10 AM CET | Aerospace & Defense

Press release from: The Business research company

Airport Ground And Cargo Handling Services Market

Airport Ground And Cargo Handling Services Market

The new report published by The Business Research Company, titled ""Airport Ground And Cargo Handling Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the airport ground and cargo handling services market size has grown strongly in recent years. It will grow from $23.82 billion in 2023 to $25.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The airport ground and cargo handling services market size is expected to see strong growth in the next few years. It will grow to $35.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=8596&type=smp

Surge In Air Freight Cargo Demand Fuels Growth Of Airport Ground And Cargo Handling Services Market
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. 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 airport ground and cargo handling services market.

Innovation In Airport Ground And Cargo Handling Services Market
Major companies operating in the airport ground and cargo handling services market are developing innovative products such as services for battery-powered support equipment to meet larger customer bases, more sales, and increase revenue. Service for battery-powered support equipment refers to the provision of maintenance, repair, and operational support for equipment or vehicles that rely on battery power. For instance, in October 2022, UL Solutions, a US-based safety science company, launched a service and standard for assessing electric ground support equipment at airports that operate on lithium-ion batteries. The distinctive feature of this new service is its capability to align electric ground support equipment with the UL 5840:2022 Standard for electrical systems of battery-powered aviation ground support equipment. UL 5840 establishes clear safety requirements, specifically addressing fire, electric shock, and explosion hazards associated with lithium-ion battery-powered airport ground support equipment. Notably, it also provides guidelines for retrofitting lithium-ion batteries into traditional diesel-powered equipment during fleet upgrades. This unique service effectively addresses potential issues related to the utilization, installation, and maintenance of lithium-ion batteries in ground support equipment, facilitating ground handlers in expediting the adoption of battery-powered solutions and thereby reducing airfield emissions.

The airport ground and cargo handling services market covered in this report is segmented -

1) By Airport Type: Domestic, International
2) By Services: Passenger Handling, Baggage handling, Cargo and Mail Handling, Aircraft Handling, Ramp Handling
3) By Infrastructure Type: Greenfield Airport, Brownfield Airport

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Major companies operating in the airport ground and cargo handling services market report are Aviapartner N.V., Swissport International AG, Worldwide Flight Services Inc., Alvest Group Company Limited, Mallaghan Engineering Limited, MULAG Fahrzeugwerk GmbH & Co. KG, Weihai Guangtai Airport Equipment Co. Ltd., JBT AeroTech Corporation, Fraport AG Frankfurt Airport Services Worldwide, Airport Associates, John Bean Technologies Corporation, ADELTE Group SL, Cavotec SA, Vestergaard Company A/S, Cargotec Corporation, Dubai National Air Transport Association, Havas Ground Handling Company, AeroGround Flughafen München GmbH, Aeroporti di Roma S.p.A., Air France-KLM, Air India SATS Airport Services Private Limited, Air Serv Corporation, Alliance Ground International, Flightcare Global, Goldair Handling, Thai Airways International Public Company Limited, Transworld Aviation Limited, Turkish Ground Services A.Ş., United Ground Express Inc., Universal Aviation Aircraft Services Inc.

Contents of the report:
1. Executive Summary
2. Airport Ground And Cargo Handling Services Market Report Structure
3. Airport Ground And Cargo Handling Services Market Trends And Strategies
4. Airport Ground And Cargo Handling Services Market - Macro Economic Scenario
5. Airport Ground And Cargo Handling Services Market Size And Growth
…..
27. Airport Ground And Cargo 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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The Business Research Company
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Email: info@tbrc.info

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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