The Aircraft Ground Handling Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Ground Handling Systems Global Market Report 2024, The aircraft ground handling systems market size has grown strongly in recent years. It will grow from $168.82 billion in 2023 to $180.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to customer experience enhancement, safety and security concerns, focus on operational efficiency, globalization of air freight, evolution of airport infrastructure.
The aircraft ground handling systems market size is expected to see strong growth in the next few years. It will grow to $226.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to rise in air passenger traffic, expansion of fleet size, shift towards sustainable solutions, demand for efficient turnaround times, infrastructure development. Major trends in the forecast period include automated ground handling equipment, electric and eco-friendly equipment, advanced baggage handling solutions, enhanced safety measures, focus on operational efficiency.
The growing demand for air travel is expected to boost the growth of the aircraft ground handling systems market going forward. Air travel refers to traveling by aircraft from one location to another. This form of transportation involves using airplanes, helicopters, or other aircraft types to transport passengers and cargo through the air. Airlines must ensure that all procedures that take place before take-off and after landing are on time and safe, which is enabled by the aircraft's ground handling systems. These systems ensure that flights are punctual and there is no security for any party involved. For instance, in February 2023, according to International Air Transport Association (IATA), the Canada-based trade association, the global total air traffic increased by 39.7% compared to December 2021. Further, European carriers saw a surge in air traffic demand by 46.5% during the same period. Therefore, the growing demand for air travel is driving the growth of the aircraft ground handling systems market going forward.
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The aircraft ground handling systems market covered in this report is segmented –
1) By Product Type: Passenger Bag Carts, Push Back Tractors, Passenger Boarding Bridges, Tugs and Tractors, Anti-Icing
2) By Technology: Conventional System, Electrical And Hybrid System
3) By System: Aircraft Ground Handling Systems, Cargo Ground Handling Systems, Passenger Ground Handling Systems
4) By Application: Commercial, Military, Other Applications
Major companies operating in the aircraft ground handling systems market are developing new solutions for airfreight operations to gain a competitive edge in the market. Airfreight operations refer to the entire process of transporting goods or cargo by air, involving the planning, coordination, and execution of various tasks related to the shipment. For instance, in May 2023, Etihad Airways, a UAE-based airline company, launched AI-powered solutions to simplify airfreight operations and optimize cargo capacity. The AI tools, including Amplifi for load optimization, Cargo Eye for real-time cargo information digitization, and Assemble for digital ULD planning, aim to enhance efficiency, standardize cargo handling processes, and improve service levels for Etihad Cargo's customers and partners. The move is part of Etihad Cargo's digitalization strategy to create an information-rich network and provide a seamless end-to-end experience.
The aircraft ground handling systems market report table of contents includes:
1. Executive Summary
2. Aircraft Ground Handling Systems Market Characteristics
3. Aircraft Ground Handling Systems Market Trends And Strategies
4. Aircraft Ground Handling Systems Market - Macro Economic Scenario
5. Global Aircraft Ground Handling Systems Market Size and Growth
6. Aircraft Ground Handling Systems Market Segmentation
7. Aircraft Ground Handling Systems Market Regional And Country Analysis
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27. Aircraft Ground handling systems Competitive Landscape And Company Profiles
28.Aircraft Ground handling systems Key Mergers And Acquisitions
29. Aircraft Ground handling systemsFuture Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- AERO Specialties Inc.
- Aviapartner N V
- Bhadra International India Pvt. Ltd.
- Celebi Havacilik Holding A.S.
- Dubai National Air Travel Agency
- IMAI Aero-Equipment Mfg. Co. Ltd.
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