Global Airport Ground and Cargo Handling Services Market

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 News

  • 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.
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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', 'Havaş', '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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