Press release
Soaring Demand Set to Propel Ground Handling Services Market to $39.51 Billion by 2029
Ground Handling Services Market
Ground Handling Services Market Size Growth Forecast: What to Expect by 2025?
The market size of ground handling services has seen robust growth in the past few years. Projected increase from $27.59 billion in 2024 to $29.65 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%, demonstrates the steady climb. Factors contributing to this growth during the historic period include the extension of air travel, airline liberalization, enhancements in airport infrastructure, globalization of air travel, and updates in security and safety rules.
How Will the Ground Handling Services Market Size Evolve and Grow by 2029?
Forecasted to see considerable growth in the coming years, the size of the ground handling services market is predicted to reach $39.51 billion in 2029, with a compound annual growth rate (CAGR) of 7.4%. This growth during the forecast period could be a result of focus on environmental sustainability, changes in airline business strategies, expansion of the airline fleet, worldwide spread of air travel, and investments in airport infrastructure. The subsequent trends within this period are likely to involve digitalization and automation, bespoke services, initiatives towards sustainability, advances in security measures, adjustment to freshly developed airline business models, and a focus on data analytics alongside predictive maintenance.
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What Drivers Are Propelling the Growth of Ground Handling Services Market Forward?
The ground handling services market is anticipated to accelerate due to the rising demand for air freight cargo. Air freight cargo, involving goods transportation through a scheduled or chartered air carrier, has seen enhanced demand thanks to changing customer preferences and a burgeoning E-commerce industry. Its speedy, same-day delivery services are favored by many. This transportation method requires an efficient, rapid turnaround time handling strategy, which enhances the need for airport ground and cargo handling services to minimise stoppage time and thereby, reduce emissions at airports. As per the International Air Transport Association, a trade association based in Canada, global air cargo demand (measured in cargo tonne-kilometres or CTKs) in July 2024 saw a 13.6% rise compared to July 2023. International operations displayed a growth of 14.3%. Airlines in the Asia-Pacific region saw the most substantial demand growth, at 17.6% year-on-year. Thus, a heightened demand for air freight cargo will promote the growth of the airport ground and cargo handling services market.
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Which Emerging Trends Are Transforming the Ground Handling Services Market in 2025?
In the market for ground handling services, technological innovation has emerged as a prominent trend. Major competitors are focusing on fabricating advanced equipment technologies products, like electric material handling equipment, to consolidate their market presence. To illustrate, Linde Material Handling, a firm based in Germany that manufactures forklift trucks and warehouse equipment, launched electric heavy-duty forklift trucks with load capacities that vary from 10 to 18 tonnes in May 2022. This progressive, compact, heavy-duty truck series leverages the eight-ton range and encompasses a double drive, dual lifting hydraulics, a pair of batteries, and proportioned pumps.
What Are the Key Segments in the Ground Handling Services Market?
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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Who Are the Key Players Shaping the Ground Handling Services Market's Competitive Landscape?
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 Havalimanları Holding A.Ş., 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 Havacılık Holding A.Ş., SAS Ground Handling AB
What Geographic Markets Are Powering Growth in the Ground Handling Services Market?
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.
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