Pune, India, Nov. 15, 2022 (GLOBE NEWSWIRE) -- The global airport ground and cargo handling services market size was valued at USD 32.21 billion in 2021. The market is projected to grow from USD 34.52 billion in 2022 to USD 68.67 billion by 2029, exhibiting a CAGR of 10.32% during the forecast period.
This information is provided by Fortune Business Insights™, in its report titled, “Airport Ground and Cargo Handling Services Market, 2022-2029.”
Get a Sample Copy of the Research Report:
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)
Report Scope & Segmentation:
|2029 Value Projection||USD 68.67 Billion|
|No. of Pages||200|
|Segments Covered||By Service, By Airport Type|
|Airport Ground and Cargo Handling Services Market Growth Drivers||Amplified Demand for Low-Cost Carriers and Domestic Flights to Boost Market Growth|
Browse Detailed Summary of Research Report with TOC:
Passenger Handling Segment Held Major Share in 2021
Based on service, the market is divided into baggage handling, passenger handling, cargo and mail handling, aircraft handling, ramp handling, and others. In 2021, the passenger handling segment held an outstanding share. Passenger service enables the proficient movement of passengers from preliminary check-in to boarding.
Domestic Segment Dominated Based on Airport Type
Based on airport type, the market is divided into domestic and international. The domestic segment reached its maximum share in 2021. The rise in domestic flights is predicted to fuel segment growth owing to the augmented development in tourism, business, and other sectors.
Greenfield Segment to Display Impressive CAGR During 2022-2029
Based on infrastructure type, the market is divided into greenfield airport and brownfield. The greenfield segment, on the other hand, is projected to show a substantial CAGR over the forecast period of 2022-2029.
The market is segmented into North America, Europe, Asia Pacific, and the rest of the world by region.
Inquire Before Buying This Research Report:
Drivers and Restraints:
Amplified Demand for Low-Cost Carriers and Domestic Flights to Boost Market Growth
In recent years, low-cost carriers have gained prompt growth owing to global urbanization and augmented economic activity. Additionally, the rising demand for travel and tourism and effortlessness in commute to augur the airport ground and cargo handling services market growth. The increasing demand for low-cost airlines is predicted to bring about the speedy advancement of low-cost airports and expedite the presentation of more airport ground and cargo handling services. Furthermore, the rise in the middle class in emerging nations is the chief object for the surge in passenger air traffic. Owing to the quick advancement of the economy, tourism, and other fields, the demand for regional travel is augmenting. Therefore, domestic demand will rise. This fuels the market growth.
North America to Lead Backed by Increasing Developments in Aviation Industry
North America held the largest airport ground and cargo handling services market share in the base year. The market size in 2021 was the USD 11.37 billion. This growth is owing to the existence of most airports, the thrusting aviation industry, and augmented expenditure on airport modernization.
During the forecast period, the European market is estimated to grow reasonably. This growth is owing to a development in air travel in the U.K., Germany, and France. Bolstering capitalization on the aviation sector will also spur market growth across Europe.
Asia Pacific is anticipated to register the highest growth during the forecast period. Augmented international and domestic passenger transport is predicted to sustain market growth.
Speak to Our Expert:
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments –Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Qualitative Insights
- Impact of COVID-19 on the Airport Ground and Cargo Handling Services Market
- Steps Taken by the Industry/Government/Companies to Overcome the Impact
- Key Developments in the Industry in Response to COVID-19
- Potential Opportunities due to COVID-19 Outbreak
- Global Airport Ground and Cargo Handling Services Market Analysis, Insights and Forecast, 2018-2029
- Segmental Definitions
- Market Analysis, Insights and Forecast – By Services
- Passenger Handling
- Baggage Handling
- Cargo and Mail Handling
- Aircraft Handling
- Ramp Handling
- Market Analysis, Insights and Forecast – By Airport Type
- Market Analysis, Insights and Forecast – By Infrastructure Type
- Greenfield Airport
- Brownfield Airport
- Market Analysis, Insights and Forecast – By Region
- North America
- Rest of the world
Ask For Customization:
Acquisitions Initiated by Key Companies to Promote Market Growth
The leading players of airport ground and cargo handling services constantly opt for efficient strategies to bolster their brand value as well as promote the global market growth. One such efficient strategy is acquiring competitive companies and further securing a profit for both companies.
Key Industry Development:
February 2022: Havaş procured MZLZ Ground Handling Services to function at Zagreb Airport (ZAG). With this novel planning, Zagreb turned out to become the 31st air terminal in Havaş'' portfolio. Havaş has declared that it will be starting to offer airport services based in Zagreb, Croatia.
Have a Look at Related Research Insights:
Airport Security Market Size, Share, Growth | Global Report, 2027
Airplane Machmeter Market Size, Share | Forecast Report 
Aircraft Fairing Market Size, Share & Growth | Forecast by 2028
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Connect us via Social Media Channels: