USD 32.21 billion
Airport Ground And Cargo Handling Services Market Size, Share, Growth Analysis, By Services(Passenger Handling, Baggage handling, Cargo, Mail Handling), By Airport Type(Domestic, International), By Infrastructure Type(Greenfield Airport, Brownfield Airport), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20L2013 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
91
|Figures:
77
Airport Ground And Cargo Handling Services Market Insights
Airport Ground And Cargo Handling Services Market size was valued at USD 32.21 billion in 2019 and is poised to grow from USD 34.52 billion in 2023 to USD 68.67 billion by 2031, growing at a CAGR of 10.32% in the forecast period (2024-2031).
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 2019. 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.
US Airport Ground And Cargo Handling Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Passenger Handling
Fastest Growth
air cargo and mail handling services
Growth Rate
10.32% CAGR
Global Airport Ground and Cargo Handling Services Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Airport Ground And Cargo Handling Services Market Segmental Analysis
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.
Airport Ground And Cargo Handling Services Market 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.
Global Airport Ground and Cargo Handling Services Market By Services, 2021 (%)
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Airport Ground And Cargo Handling Services Market Regional Insights
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.
Global Airport Ground and Cargo Handling Services Market By Geography, 2022-2028
- Largest
- Fastest
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Airport Ground And Cargo Handling Services Market Dynamics
Airport Ground And Cargo Handling Services Market Drivers
- Increasing Airport Expansion and New Airport Projects: The demand for the construction of additional airports in smaller cities is rising as a result of the continual increase in air travelers in developing nations like China and India. As a result, upgrades to current airports and the ongoing construction of new airports will enhance the traveler experience over the next few years. Additionally, it is anticipated that increased demand for longer runways, upgraded air traffic control, and expanded gate capacity will increase demand for these services. In developing nations, plans to expand airports would also result in a rise in the need for airport facilities and cost-effective ground and cargo handling services. Thus, it is projected that the need for airport ground and cargo handling services will rise as a result of the increased passenger volume.
Airport Ground And Cargo Handling Services Market Restraints
- Limited Lifespan of Ground Handling Equipment: In order to improve customer travel experiences in the shortest amount of time, airline authorities continually concentrate on implementing high-quality airport systems and offering a variety of airport ground and cargo handling services. Therefore, airline authorities need to make sizable upfront investments in order to provide better aircraft and passenger-supportive services. The airport system has a short life cycle, thus replacing it on a regular basis would require more resources. The product life cycle of the ground handling equipment is 6 to 9 years, after which it must be replaced. Therefore, it is anticipated that initial investments and the equipment's short lifespan will restrain the market's expansion for ground and cargo handling services at airports.
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Airport Ground And Cargo Handling Services Market Competitive Landscape
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.
Airport Ground And Cargo Handling Services Market Top Players Company Profiles
- Dnata
- Menzies Aviation
- Aviapartner Group
- Swissport International AG
- Worldwide Flight Services (WFS)
- dnata
- SATS Ltd.
- AeroGround Berlin GmbH
- Bolloré Logistics
- Celebi Aviation Holding
- ACCIONA Airport Services
- AHS Air Handling Services GmbH
- DHL Global Forwarding
- LUG aircargo handling GmbH
- Servisair
- TCR Group
- Vanderlande Industries
- Havaş
- ASIG
- JBT AeroTech
- Swiss WorldCargo
Airport Ground And Cargo Handling Services Market Recent Developments
- In April 2022, Airpro announced an investment of EUR 4 million to procure four Elephant e-BETA de-icers from Vestergaard Company. The equipment is expected to be delivered by winter 2022 and will be operated at Helsinki Airport. The company is expected to become the first ground handling company in Finland to deploy electric de-icing services following the delivery.
- In March 2022, Lufthansa LEOS, the ground handling subsidiary of the Lufthansa Group, announced that the company became the launch customer of the all-electric towbarless aircraft tractor Phoenix E manufactured by Goldhofer. The new vehicle is battery-powered and can carry a weight of up to 352 metric tons.
Airport Ground And Cargo Handling Services Key Market Trends
- Advanced Ground and Cargo Handling Systems at Smart Airports: The demand for advanced airport ground and cargo handling services is being influenced by the growth of smart airport initiatives in developing nations that aim to improve passenger safety and comfort. Security systems powered by artificial intelligence (AI) in modern airports can speed up check-in procedures. Airport landside security can be enhanced with the help of new AI technology. For instance, Brisbane Airport became the first airport to test the seamless passenger boarding process and deployed the smart route biometric technology for Air New Zealand customers. Over 90% of the processing for air travel will be automated in the future years, according to the Australian government.
Airport Ground And Cargo Handling Services Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 32.21 billion |
| Market size value in 2031 | USD 68.67 billion |
| Growth Rate | 10.32% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Airport Ground And Cargo Handling Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Airport Ground And Cargo Handling Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Airport Ground And Cargo Handling Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Airport Ground And Cargo Handling Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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