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Evolving Market Trends In The Ground Handling Services Industry: Revolutionizing Ground Handling Services Market Through Cutting-Edge Technological Innovations In Electric Material Handling Equipment
Ground Handling Services
What Is the Current Ground Handling Services Market Size and Its Estimated Growth Rate?
The market size for ground handling services has seen robust growth in recent years. The market is predicted to expand from $27.59 billion in 2024 to $29.65 billion in 2025, at a compound annual growth rate (CAGR) of 7.5%. Numerous elements like the amplification of air travel, deregulation of airlines, airport infrastructure advancements, global integration of air travel, as well as security and safety regulations stimulated the growth during the historical period.
In the forthcoming years, the market for ground handling services is predicted to experience robust expansion, anticipated to reach a valuation of $39.51 billion in 2029, with a compound annual growth rate (CAGR) of 7.4%. The projected growth in this period can be ascribed to a variety of factors including increased focus on environmental sustainability, shifts in airline business models, expansion of airline fleets, globalisation of air travel, and investment in airport infrastructure. Over the forecast period, major trends such as digitalisation and automation, personalized services, initiatives for sustainability, improved security measures, adaptation to innovative airline business models, and the use of data analytics and predictive maintenance are expected to emerge.
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How Are Emerging Segments Shaping the Ground Handling Services Market Landscape?
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
Subsegments:
1) By Ground Handling: Baggage Handling, Cargo Handling, Aircraft Marshalling, Flight Operations And Crew Administration
2) By Passenger Ground Handling: Check-In Services, Boarding Assistance, Passenger Assistance Services, Immigration Assistance
3) By Ramp Handling: Aircraft Refueling, Aircraft Towing And Pushback, Water And Lavatory Services, Deicing And Anti-Icing
4) By Other Services: Catering Coordination, Cabin Cleaning, Security Services
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Which Growth Factors Are Influencing Ground Handling Services Market Expansion?
The anticipated rise in air freight cargo demand is set to speed up the expansion of the ground handling services market. This shipment method, which involves transferring goods via either a chartered or planned air carrier, is witnessing a surge due to evolved consumer preferences and a booming e-commerce sector. Given its expedited and same-day delivery services, air freight cargo is increasingly favored, necessitating a reliable and swift handling procedure. This stimulates the demand for airport ground as well as cargo handling services, aiming to decrease stoppage duration and subsequently reduce emissions at airports. In a report from the Canada-based Trade Association, International Air Transport Association, global air cargo demand, denoted in cargo tonne-kilometres (CTKs), saw a surge by 13.6% in July 2024 compared to the same period the previous year. The spike was even higher in international operations, registering a 14.3% growth. The growth was especially pronounced among Asia-Pacific airlines which reported a year-on-year increase of 17.6%. As such, a heightened demand in air freight cargo is poised to fuel the expansion of the airport ground and cargo handling services market.
Who Are the Dominant Players Across Different Ground Handling Services Market Segments?
Major companies operating in the ground handling services market include Baltic Ground Services, Dubai National Air Transport Association, Swiss Aviation Group AG, Worldwide Flight Services (WFS), JBT Corporation, Swissport International Ltd., Singapore Airport Terminal Services Limited, TAV Havalimanlari Holding A.S., Groundforce Handling Portugal, Aviapartner Group NV, Goldair Handling SA, Airport Terminal Services Inc., Mallaghan Engineering Ltd, Menzies Aviation plc, Skyplan Services Ltd., Belau Transfer and Terminal Company, AFS Aviation Services Limited, AN Aviation Services Co. Ltd., Proground GmbH, Airline Services Ltd., Jet Aviation Business Jets AG, Çelebi Havacilik Holding A.S., SAS Ground Handling AB
What Are the Latest Developing Trends in the Ground Handling Services Market?
Advancements in technology are becoming an increasingly prevalent trend in the ground handling services market. To solidify their standing in the market, major players are focusing their efforts on fostering novel equipment technologies such as electric material handling equipment. As a case in point, Linde Material Handling, a company based in Germany that manufactures forklift trucks and warehouse equipment, in May 2022, unveiled electric heavy-duty forklift trucks. These innovative trucks have load capacities ranging from 10 to 18 tonnes. The compact, heavy-duty truck series is an expansion of the eight-ton range, featuring a double drive, twin lifting hydraulics, dual batteries, and scaled pumps.
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Which Geographic Regions Are Expected to Dominate the Ground Handling Services Market in the Coming Years?
North America was the largest region in the ground handling services market in 2024. The regions covered in the ground handling services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ground Handling Services Market?
2. What is the CAGR expected in the Ground Handling Services Market?
3. What Are the Key Innovations Transforming the Ground Handling Services Industry?
4. Which Region Is Leading the Ground Handling Services Market?
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