Airport Ground and Cargo Handling Services Market Global, Research Report, Growth, Share, Analysis, Trends, Opportunities and Forecast by 2028
The global
airport
ground and cargo handling services market
size is projected to reach USD
25.27 billion in 2028. The rising incorporation of artificial intelligence (AI)
in security systems is set to affect growth positively. Such systems would help
in reducing check-in times. In November 2020, DUBZcollaborated with
Emirates to provide home check-in services to passengers. It would help
them to complete their baggage disinfection, home check-in, and PCR tests. This
information is published by Fortune Business Insights™ in a new report, titled,
“Airport Ground andCargo Handling
Services Market, 2021-2028.” The report further states that the market
stood at USD 19.20 billion in 2020. It is set to exhibit a CAGR of 7.0% in the
forecast period between 2021-2028.
Airport
Handling and Beta Trans Join Hands to Provide Cargo Services at MXP
In February 2021, Beta Trans and Airport Handlingpartnered
up to supply a full range of cargo services to customers at Milan Malpensa
Airport (MXP). Both companies will provide high-quality road feeder,
warehousing, cargo handling, and safe ramp services. Such unique initiatives by
prominent companies would spur the demand for airport ground and cargo handling
services.
Rising Need
to Minimize Active Fleet Size May Hinder Growth amidCOVID-19 Pandemic
The COVID-19 pandemic has compelled airport
authorities to lower their variable costs by minimizing investments in airport
services, delaying capital expenditures, addressing employment costs, and terminating
infrastructure projects. The severe impact of the pandemic is therefore
resulting in the restructuring of operational facilities to lower the overall
expenses of airports. Numerous airlines are nowadays aiming to minimize costs
by reducing the size of their active fleet. These factors are set to hamper the
demand for ground and cargo handling services.
Report
Coverage-
This research report containsaccurate information
relatedto changes in material usage, new product launches, and technological
advancements. It provides dynamics of thisindustry based on multiple factors,
such as opportunities, challenges, drivers, and hindrances. At the same time,
it will offer a complete insight from the supply side respondents related to
market share, distribution, and size.
Drivers
& Restraints-
Increasing Urbanization
and High Demand for Domestic Flights to Aid Growth
Low-cost airlines are experiencing rapid growth
in recent years because of the increasing economic activities and urbanization.
Also, the surging ease of travel and expansion of travel & tourism across
the globe would accelerate the airport ground and cargo handling services
market growth in the near future. Additionally, the high demand for domestic
flights and increasing affluence of the middle-class in emerging economies are
likely to aid growth. However, ground handling equipment has a lifespan of
around 6 to 9 years. This factor may restrain growth.
Segments-
Domestic Segment
Held 51.17% Share in 2020 Fueled by Rising Air Traffic
By services, the market for airport ground &cargo
handling servicesis segregated into passenger handling, baggage handling, cargo
and mail handling, aircraft handling, ramp handling, and others.Based on the
infrastructure type, it is divided into greenfield airports and brownfield
airports. Below is a brief note on the airport type criterion:
·
By Airport Type: The market is
bifurcated into international and domestic. Out of these, the domestic segment
earned 51.17% in terms of the market
share in 2020. It is anticipated to retain its dominant position throughout the
forthcoming years on account of the increasing air traffic in India and China.
Regional
Insights-
Increasing
International & Domestic Passengers to Favor Growth in Asia Pacific
·
North America:In 2020, the
region generated USD 5.43 billion
in terms of revenue. The increasing expenditure on airport modernization and
the presence of the highest number of airports would propel growth in the
region. Coupled with this, the expansion of the aviation industry would spur the
demand for airport ground and cargo handling services.
·
Europe: The region would
grow moderately backed by the surging investments in the aviation sector and
rising number of air travelers in France, Germany, and the U.K.
·
Asia Pacific: It would showcase
the highest growth fueled by the increasing number of upcoming airport projects
and rising number of domestic& international passengers. The Airports
Authority of India (AAI), for instance, started the construction of a new
greenfield airport in Arunachal Pradesh in December 2020.
Competitive
Landscape-
Key Players
Aim to Sign New Contracts to Offer Their In-house Arline Services
The global market is fragmented with numerous
companies, such as Swissport International AG, Fraport AG, and Dnata. They are
majorly focusing on delivering cost-effective services, such as catering,
passenger handling, ramp handling, and baggage handling. Some of the others are
trying to win new contracts from other companies to provide their services.
Below are the two latest industry developments:
·
November 2020:Lima Airport
Partners (LAP) signed a USD 450 millionagreement for initiating an airside
development programat Jorge Chávez International Airport in Peru.
·
May 2018:ACCIONAsigned a
new contract with AerolíneasArgentinasto cover every operation at Santiago de
Chile airport.It would strengthen the company’s position in Chile and would
broaden its airport business.
A list of
reputed airport ground andcargo handling servicesproviders operating in the
market:
·
Dnata (The UAE)
·
Menzies Aviation (Scotland)
·
Çelebi Ground Handling (Turkey)
·
Aviapartner Group (Belgium)
·
Swissport International AG (Switzerland)
·
Worldwide Flight Services (France)
·
Fraport AG (Germany)
·
Airport Associates (Iceland)
·
Qatar Aviation Services (Qatar)
·
AirPart GmbH (Germany)
·
Havas Ground Handling Co. (Turkey)
·
DAL Global Services, LLC (The U.S.)
Information Source:
https://www.fortunebusinessinsights.com/airport-ground-and-cargo-handling-services-market-105327
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