Press release
Ground Handling Services Industry Growth Outlook: 6.9% CAGR and $38.46 Billion by 2029
Ground Handling Services Market
What Is the Long-Term Growth Forecast for the Ground Handling Services Market Size 2025?
In recent times, there has witnessed robust growth in the market size of ground handling services. The value is projected to increase from $27.59 billion in 2024 to $29.45 billion in 2025, correlating to a compound annual growth rate (CAGR) of 6.7%. The growth seen in the previous period is tied to the expansion of air travel, deregulation of airlines, the advancement of airport infrastructure, the globalization effect on air travel, and the implementation of security and safety norms.
What CAGR is Forecasted for the Ground Handling Services Market Through 2029?
The industry for ground handling services is predicted to see a robust increase in its market size in the coming years. The market is set to expand to a staggering $38.46 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.9%. This expected growth in the forecasted period is tied to certain factors such as the push for environmental sustainability, changes in airline business structures, expansion of airline fleets, an increase in global air travel, and investments in airport infrastructure. Key trends forecasted for this period include the transition to digitalization and automation, bespoke services, sustainability projects, heightened security protocols, adjustments to new airline business paradigms, and the use of data analytics for predictive maintenance.
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What Are the Critical Factors Driving Ground Handling Services Market Development?
The anticipated rise in air freight cargo needs is predicted to stimulate the expansion of the ground handling services market. Air freight cargo involves the transfer of goods by chartered or scheduled air carriers. Shifting consumer preferences and the expanding E-commerce sector have resulted in a higher demand for air freight cargo due to the quick and same-day delivery options it provides. This form of transportation requires a reliable and swift turnaround time handling method, fueling the need for airport ground and cargo handling services to decrease downtime, thereby lowering emissions at airports. As reported by the International Air Transport Association, a Canada-based trade organization, in July 2024, there was a 13.6% rise in global air cargo demand, calculated in cargo tonne-kilometres (CTKs), as compared to July 2023, with international operations reflecting a 14.3% increase. The greatest demand growth was seen among airlines in the Asia-Pacific region, registering a year-on-year growth rate of 17.6%. So, a surge in air freight cargo demand is expected to boost the airport ground and cargo handling services market's growth.
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How Does the Ground Handling Services Market Break Down Across Major 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
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
What Are the Major Trends Transforming the Ground Handling Services Industry?
The rising trend of technology innovation is prominent in the market for ground handling services. To solidify their standing, major players are focused on developing inventive equipment technology products like electric material handling equipment. For example, in May 2022, Linde Material Handling, a forklift trucks and warehouse equipment manufacturer based in Germany, unveiled electric heavy-duty forklift trucks. These trucks have load capacities that span from 10 to 18 tonnes. This new, compact, heavy-duty truck series expands on the eight-ton range and features a double drive, double lifting hydraulics, a pair of batteries, and scaled pumps.
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Which Players Are Driving Innovation in the Ground Handling Services Market?
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
Which Regions Are Driving Global Ground Handling Services Market Expansion?
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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