[Latest] Global Airport Ground Handling Market Size/Share Worth USD 80.1 Billion by 2032 at a 8.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Airport Ground Handling Market size & share revenue was valued at approximately USD 35.6 Billion in 2022 and is expected to reach USD 40.1 billion in 2023 and is expected to reach around USD 80.1 Billion by 2032, at a CAGR of 8.5% between 2023 and 2032. The key market players listed in the report with their sales, revenues and strategies are AG, Dnata, Worldwide Flight Services (WFS), Menzies Aviation, SATS Ltd., Aviapartner, ASIG (BBA Aviation), AeroGround Flughafen München GmbH, Celebi Aviation Holding, DGS (Delta Global Services), and others.
Custom Market Insights has published a new research report titled “Airport Ground Handling Market Size, Trends and Insights By Service (Passenger Handling, Ramp Handling, Cargo Handling, Others), By Airport (Domestic, International), By Service Providers (Independent, Airlines and airports), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand of global Airport Ground Handling Market size & share was valued at approximately USD 35.6 Billion in 2022 and is expected to reach USD 40.1 Billion in 2023 and is expected to reach a value of around USD 80.1 Billion by 2032, at a compound annual growth rate (CAGR) of about 8.5% during the forecast period 2023 to 2032.”
Airport Ground Handling Market: Growth Factors and Dynamics
- Growing emphasis on safety and security: Safety and security are paramount in the aviation industry. Airport ground handling services play a crucial role in ensuring compliance with safety regulations, passenger screening, and baggage security checks. The increasing focus on safety and security measures drives the demand for efficient ground handling services.
- Increasing air travel demand: The steady growth in air travel globally is a key growth factor for the Airport Ground Handling Market. The rising number of passengers and flights necessitates efficient ground handling operations to ensure smooth and timely aircraft turnaround, baggage handling, and passenger services.
- Outsourcing of ground handling services: Many airlines and airports are outsourcing their ground handling services to specialized companies. This trend is driven by cost optimization, focus on core competencies, and the need for specialized expertise, which creates opportunities for ground handling service providers in the market.
- Technological advancements: Advancements in technology, such as automation, robotics, and digitalization, are transforming the Airport Ground Handling Market. Automation of baggage handling, use of self-check-in kiosks, and advanced tracking systems enhance operational efficiency, reduce human error, and improve overall service quality.
- Infrastructure development: The expansion and modernization of airports worldwide create opportunities for the Airport Ground Handling Market. New airports, terminal upgrades, and the addition of advanced facilities require efficient ground handling services to accommodate increased traffic and meet the demands of a growing aviation industry.
- Environmental sustainability: The aviation industry is increasingly focused on reducing its environmental footprint. Airport ground handling services are adopting sustainable practices, such as electric ground support equipment, biofuels, and waste management initiatives. This trend aligns with the growing demand for eco-friendly solutions and drives the adoption of sustainable ground handling practices in the market.
- Airline alliances and code-sharing agreements: The formation of airline alliances and code-sharing agreements between airlines stimulates the growth of the Airport Ground Handling Market. These partnerships require seamless coordination and collaboration in ground handling operations to ensure smooth transfer of passengers, baggage, and aircraft between different airlines, enhancing connectivity and optimizing operational efficiency.
- Increasing tourism and travel expenditure: The growth of the global tourism industry and rising travel expenditure contribute to the expansion of the Airport Ground Handling Market. As more people travel for leisure, business, and other purposes, airports experience increased passenger traffic and demand for ground handling services. This trend is particularly prominent in emerging economies where rising disposable incomes and improved transportation infrastructure fuel tourism growth and boost the demand for efficient ground handling operations.
Airport Ground Handling Market: Partnership and Acquisitions
- In 2019, Swissport International AG, one of the leading ground-handling service providers, formed a strategic partnership with Lufthansa Group. This partnership aimed to enhance ground handling services and operational efficiency at various airports worldwide. By combining their expertise and resources, Swissport and Lufthansa Group aimed to deliver seamless and high-quality ground handling solutions to their customers.
- In 2020, dnata, a global provider of air services, announced a partnership with Air Arabia, the Middle East’s leading low-cost carrier. This partnership focused on providing ground-handling services to Air Arabia at multiple airports in the United Arab Emirates and other countries. The collaboration aimed to streamline operations, improve service quality, and support Air Arabia’s expansion plans.
- In 2018, Swissport International AG acquired Aerocare, a leading ground-handling services provider in Australia and New Zealand. This acquisition enabled Swissport to strengthen its presence in the Asia-Pacific region and expand its range of services, including passenger and ramp handling, baggage services, and aircraft cleaning.
- In 2019, Dnata acquired the ground handling operations of Airline Services and Contracts Limited (ASCL) in the United Kingdom. This acquisition allowed dnata to expand its footprint in the UK market and enhance its service capabilities in ground handling, cargo handling, and passenger handling at various airports across the country.
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