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.
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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.
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.
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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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