Airport Ground and Handling Services Market Demand and Top Key Players

The global airport ground and cargo handling services market was valued at USD 35.23 billion in 2022 and is projected to grow to USD 39.91 billion in 2023, reaching USD 81.83 billion by 2030, with a robust CAGR of 10.80% during the forecast period.

Fortune Business Insights™ provides this information in its research report, titled “Airport Ground and Handling Services Market, 2023-2030”.

List of Key Players Mentioned in the Report:

Dnata (UAE)

Menzies Aviation (Scotland)

Swissport International AG (Switzerland)

Havas Ground Handling Co. (Turkey)

Çelebi Ground Handling (Turkey)

Aviapartner Group (Belgium)

Worldwide Flight Services (France)

Fraport AG (Germany)

Airport Associates (Iceland)

Qatar Aviation Services (Qatar)

AirPart GmbH (Germany)

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/airport-ground-and-cargo-handling-services-market-105327

Segmentation:

Passenger Handling Segment to Depict Appreciable Surge Driven by Growing Demand for Efficient Movement

On the basis of service, the market for airport ground and cargo handling services is fragmented into passenger handling, baggage handling, ramp handling, aircraft handling, cargo and mail handling, and others. The passenger handling services segment is expected to register substantial growth throughout the estimated period.

Domestic Segment to Gain Traction Driven by Escalated Development in Tourism & Business Sectors

By airport type, the market is segmented into domestic and international. The domestic segment is set to expand at an appreciable pace over the forecast period. The surge is on account of the escalated development in business, tourism, and other sectors.

Brownfield Airports to Register Substantial Expansion Driven by Escalating Modernization Expenditure

By infrastructure type, the market for airport ground and cargo handling services is subdivided into brownfield airport and greenfield airport. The brownfield airport segment is estimated to record considerable expansion throughout the projected period. The escalation is driven by escalated spending on airport expansion and modernization.

Based on region, the market is categorized into Asia Pacific, North America, Europe, and the rest of the world.

Report Coverage:

The report gives an analysis of the key trends propelling the global business scenario throughout the forecast period. It further delves into the major factors impelling industry expansion over the forthcoming years. Additional aspects of the report comprise the adoption of vital steps adopted by leading market participants for the consolidation of their industry position.

Drivers and Restraints:

Rising Investments for Boosting Airport Infrastructure to Register Industry Growth

Airport ground and cargo handling services market growth is being driven by the escalating modernization of old airports and rising government investment. The market expansion is further impelled by longer runways, improved gate capacity, and upgraded air traffic control systems. However, the industry expansion may be hampered by the increasing focus on the provision of cargo processing and airport ground processing services.

Regional Insights:

North America to Depict Substantial Growth Owing to Rising Spending on Aviation Sector

North America airport ground and cargo handling services market share is expected to expand at a substantial pace throughout the forecast period. The upsurge is driven by the increased expenditure on airport modernization and the presence of most airports.

The Asia Pacific market is anticipated to register considerable expansion over the projected period. The rise can be attributed to escalated domestic and international passenger transport.

Competitive Landscape:

Pivotal Players Strike Partnership Deals to Strengthen Industry Position

Leading players in the airport ground and cargo handling services industry are centered on the adoption of a range of strategic initiatives for strengthening their position in the market. Some of these steps include acquisitions, merger agreements, and the launch of new products.

Key Industry Development:

January 2022 – Menzies Aviation, a flight strategies expert, received ground control contracts in Mexico from seven carriers. These contracts were endorsed by prominent airlines such as TAG Airlines, Delta Air Lines, American Airlines, Air Canada, Aeroflot, Frontier Airlines, and Flair Airlines.