19th November 2019 – The global ground
handling system market size is expected to value at USD 189.09 billion
by 2022. The ground handling system industry is subject to witness a
substantial growth due to the rising globalization, increasing the global air
traffic, rising focus towards ground support operations at airports.
Additionally, declining airfares, increasing number of aircraft fleets, rising
availability of advanced facilities, and development of the luxury travel
services are expected to drive the growth of ground handling system market over
the forecast period.
Shifting trend towards convenience
travel for passengers and increasing per capita income among general population
are some of the key driver for market growth, in the recent years. Globally,
the ground handling system is predicted to grow at a significant CAGR in the
forecast period, providing numerous opportunities for market players to invest
in research and development in the ground handling system.
Rising demand for sophisticated services
for airport operations and airline services to utilize every aspect of GH
operations. The recent technological advancement in the aviation industry and
development of novel products and technique such as use of robotics and digital
communications are expected to positively influence the growth of the ground
handling system in the upcoming years. In addition, shifting trend towards
adoption of electric propulsion instead of fossil fuels is considered as key
growth factor for ground handling system industry, in the near future.
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Development of electric-operated and
biogas powered towing automobiles coupled with favorable governmental policies
are expected to boost overall market performance in the upcoming years. Use of
electrically operated and biogas powered towing automobile for aircraft allows
engines to stay powered off unless the aircraft is at the runway’s head.
Growing number of operational airports
and flights, particularly in the North America and European region are expected
to incorporate numerous growth opportunities in the near future. Increasing
investment by both local governments and private bodies to promote adoption of
alternate fuel resources for handling equipment and vehicles, are propelling
market expansion in the years to come. However, requirement for optimization of
operations at the peak time is expected to negatively influence industry growth
to a certain extent.
The ground handling system market is
broadly categorized into three major types based on type of the equipment such
as aircraft handling system, baggage & cargo handling system, and passenger
handling system. Aircraft support equipment is considered as one of the fastest
growing segment in the ground handling system industry with substantial revenue
generation in the last couple of years. Aircraft support equipment majorly
consists of air start units, refuels, tow bars, wedges, deicing and anti-icing
instruments, and lavatory and water support instruments.
While the baggage and cargo support
equipment market segment has also witnessed significant growth in the recent
years as well owing to the increasing demand for transport wagons, tractors,
baggage loaders, trailers, and containers. Some of the critical factors such as
customer satisfaction, improvements in the aircraft turnaround time, superior
airport’s operational efficiency, automation of various airport services, and a
rise in air travel across the globe are fostering the growth of baggage and
cargo support equipment segment, in the recent years.
The ground handling system market is
divided by region as North America, Europe, Asia-Pacific, Latin America and
Africa. North America has shown major growth in recent years owing to the rise
in the implementation of latest technologies in aviation industry, increase in
domestic traveling, and existence of well-established industrial infrastructure
in the region.
Asia-Pacific region is predicted to hold
major market share in the ground handling system with massive growth in
forecast period. Countries such as India, China, Japan and Singapore are
leading the Asia-Pacific market with strong economic growth, increasing
customer base for airlines, and significant investment by leading industry
players considering potential growth opportunities in the region.
The key players in the ground handling
system industry are Dubai National Air Transport Association, Havas S.A., John
Bean Technologies AeroTech SLU, SATS LLC, AERO Specialties, Inc., Aircraft
Service International Group (ASIG), Inc., Imai Aero-Equipment Mfg. Co., Ltd.,
WeihaiGuangtai Airports Equipment Co., Ltd., Mallaghan Engineering Ltd., and
Swissport International Ltd.
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