Report ID: SQSG20L2006 | Region: Global | Published Date: November, 2022 | Pages: 254Global E-Waste Management Market
Report ID: SQMG20L2009 | Region: Global | Published Date: November, 2022 | Pages: 165
Global airport ground and cargo handling services market was valued to be USD 15.7 billion in 2021, and it is anticipated to reach USD 25.30 billion by 2028 at a CAGR of 7.2% over the forecast period (2022-2028).
Airport ground and cargo handling services involve looking after the aircraft while it is at the terminal. Among the services are catering, baggage handling, ramp handling, and passenger handling. The International Air Transport Association (IATA) estimates that 8.2 billion people will travel by air in 2037. As a result , the demand for these services is expected to be driven by the increasing global air traffic as well as the construction of new airports in developing nations, over the forecast period.
In order to improve customer experience and upgrade its infrastructure, airports are always being upgraded. In order to shorten the time an aircraft spends on the ground and increase its productivity between arrival and departure, an aircraft ground handling system is involved in a variety of operational functions. In order to reduce turnaround time, speed, efficiency, and precision are crucial in ground handling services. The airport ground handling market is driven by factors including avoiding airplane delays, bag safety & security, and decreased ground time to maintain operational efficiency. Airport operations are greatly impacted by heavy snowfall in some places, such as North America and Europe, and regularly changing weather conditions. The majority of ground handlers employ biogas snow machines and other renewable energy methods to clear snow from airports. These devices help ground handlers cut their reliance on fuel and lower their carbon emissions. These changes are anticipated to boost the expansion of the airport ground handling business.
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The Global Airport Ground and Cargo Handling Services Market is segmented based on services, airport type, infrastructure type and region. Based on the Services, it is categorized into Passenger Handling, Baggage handling, Cargo and Mail Handling, Aircraft Handling, and Ramp Handling. Based on the Airport Type, it is categorized into Domestic and International. Based on Infrastructure Type, it is categorized into Greenfield Airport and Brownfield Airport. Based on region, it is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
Analysis by Services
On the basis of services, the passenger handling services segment currently dominates the global airport ground and cargo handling services market, in terms of market share. The segment is expected to keep growing since there is a greater emphasis on passenger comfort and security issues. The smooth flow of passengers from first check-in to boarding is made possible by passenger services.
Apart from this, the air cargo and mail handling services segment is anticipated to develop at the highest CAGR, over the forecast period. The demand for cargo and mail handling services is expected to increase due to the rising need for air freight to transfer items like emergency medical services during the pandemic.
Along with this, the baggage handling market is also expected to grow significantly over the forecast period. This is as a result of increased airport security concerns and OEMs' technological breakthroughs in baggage handling systems. On the other hand, the need for ramp handling services is rising as a result of push back, load planning, marshaling, water servicing, and airport transportation.
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Based on the region, the North American region currently dominates the global airport ground and cargo handling services market with respect to market share and it is predicted to have the highest share over the forecast period. This is a result of The biggest concentration of airports, a thriving aviation business, and rising airport modernization expenditures.
The market in Asia Pacific is predicted to grow at a faster rate than any other region during the forecast period. Increased local and international passenger traffic is anticipated to boost market expansion. The significant investment in India's new airport developments would also increase demand for improved ground and cargo handling services.
The European market is also expected to increase moderately throughout the forecast period. This expansion is the result of more people traveling by plane in nations like the United Kingdom, Germany, France, and others. Increased spending in the aviation industry would also spur market expansion across Europe.
Apart from this, the creation of smart airports is associated with the market expansion in the rest of the world. Additionally, the Middle East's growing tourism industry is predicted to fuel market expansion.
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Several major firms, including Dnata, Fraport AG, and Swissport International AG, contribute to the market's highly fragmented competitive environment. These businesses are concentrating on offering services including passenger and bag handling, ramp management, catering, and cargo handling that are affordable. According to the International Air Transport Association's (IATA) Airport Handling Manual (AHM) 810 rules, all of these businesses offer airport ground and cargo handling services.
For instance, Fraport AG complies with AHM 810 and offers a comprehensive range of services. The company's success can be attributed to providing top-notch airport services, increasing investments, and a dedication to ensuring that customers have a safe and comfortable flight.
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According to the analysis, the global airport ground and cargo handling services market is currently led by countries in the North American region, with the passenger handling services segment currently dominating the global airport ground and cargo handling services market, in terms of market share, due to a greater emphasis on passenger comfort and security issues.
|Market size value in 2021||USD 15.7 billion|
|Market size value in 2028||USD 25.30 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Airport Ground And Cargo Handling Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Airport Ground And Cargo Handling Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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