What is the global market size of Airport Ground And Cargo Handling Services Market?

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). Read More

Who are the key vendors in the Global Airport Ground And Cargo Handling Services Market?

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.'Dnata (UAE)','Menzies Aviation (Scotland)','Aviapartner Group (Belgium)','Swissport International AG (Switzerland)','Worldwide Flight Services (France)','Fraport AG (Germany)','Airport Associates (Iceland)','John Bean Technologies Corp. (US)','ADELTE Group SL (Spain)','ALVEST (France)','Textron Inc. (US)','Tronair Inc. (US)','Mallaghan Engineering Limited (UK)','MULAG Fahrzeugwerk (Germany)','Vestergaard Company (Denmark)','Air T Inc. (US)','Ground Support Specialists LLC (US)','Weihai Guangtai Airport Equipment Co. Ltd (China)' Read More

Global Airport Ground And Cargo Handling Services Market Size, Share, Growth Analysis, By Services(Passenger Handling, Baggage handling), By Airport Type(Domestic, International), By Infrastructure Type(Greenfield Airport, Brownfield Airport) - Industry Forecast 2024-2031

Report ID: SQMIG20L2013 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 91 | Figures: 77

Global 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 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).

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. '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', 'HavaÅ', 'ASIG', 'JBT AeroTech', 'Swiss WorldCargo'

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.

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.

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.

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Global Airport Ground And Cargo Handling Services Market Size, Share, Growth Analysis, By Services(Passenger Handling, Baggage handling), By Airport Type(Domestic, International), By Infrastructure Type(Greenfield Airport, Brownfield Airport) - Industry Forecast 2024-2031

Global Airport Ground And Cargo Handling Services Market Dynamics

Global Airport Ground And Cargo Handling Services Market Report Snapshots

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What is the global market size of Airport Ground And Cargo Handling Services Market?

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Which region accounted for the largest share in Global Airport Ground And Cargo Handling Services Market?

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