Ground Handling System Market to Attain $189.09 Billion By 2022: Grand View Research, Inc

 Breaking News
  • No posts were found

Ground Handling System Market to Attain $189.09 Billion By 2022: Grand View Research, Inc

December 09
09:14 2020
Ground Handling System Market to Attain $189.09 Billion By 2022: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, the ground handling system market size was estimated at USD 97.82billion in 2014. Increasing globalization has significantly increased the global air traffic, which in turn has elevated the importance of ground support operations at airports.

The global Ground Handling System Market size is expected to reach USD 189.09 billion by 2022, according to a new report by Grand View Research, Inc.

The substantial growth prospects of the aircraft ground handling system market can be attributed to a global increase in the passenger and cargo air traffic. Support by several governments worldwide and the local airport authorities are also stimulating the industry growth. Aviation and local airport authorities regulate the operations of handling equipment related to the safety of airliners, passengers, and the cargo to be transported.

The multi-billion-dollar expansion of airline fleets and airports globally has set off significant growth prospects for the aircraft handling industry players.Both, airlines operators and airports are focused on procuring and implementing advanced technologies to meet the rising air traffic and ensuring greater profitability, performance, and efficiency amidst stiff competition.

An emerging trend in the industry is the use of renewable energy sources to power equipment. Biogas-powered snow removal equipment, which is an eco-friendly approach, is being developed increasingly to carry out snow removal at airports. Furthermore, with the integration of IT in ground support operations, companies are increasingly developing innovative ground support software to address the specific needs of handlers.

However,high initial and replacement costs for such equipment are presumed to challenge market growth over the forecast period. Advanced and innovative ground support equipment that is sustainable is comparatively expensive and cuts into the profit share of major commercial airline companies.

North America ground handling system market by service, 2012-2022, (USD Billion)

Ground Handling System Market

Request a Sample Copy of the Global Ground Handling System Market Research Report @ https://www.grandviewresearch.com/industry-analysis/ground-handling-system-market/request/rs1

Further key findings from the report suggest:

  • Aircraft support equipment accounted for over40% of the overall market share in 2014 and is poised for significant growth over the next seven years. The growth in this segment can be attributed to increasing global airline fleets at the airport, and increased prominence of air travel.
  • Baggage and cargo handling service segment is anticipated to witness substantial growth over the forecast period, growing at a CAGR of over 10% from 2015 to 2022. The growth in baggage and cargo support service is dependent upon the increase in the number of commuters using air travel, and an increase in air cargo transport.
  • Projected to grow at an estimated CAGR of over 10%, from 2015 to 2022,ramp support service is expected to witness significant growth over the next seven years. The growth in ramp handling service segment can be attributed to increasing demand for passenger movement, aircraft towing, parking assistance, and aircraft marshaling.
  • The ground handling system market in Asia Pacific accounted for over 25% of the overall market share in 2014 and is presumed to witness significant levels of growth over the forecast period.India and China are expected to incorporate considerable opportunities for regional industry growth, due to increasing urbanization, large population, eventually leading to extensive domestic traveling.
  • The Middle East regional market is presumed to witness substantial growth over the forecast period, growing at a CAGR of close to 9% from 2015 to 2022. The region incorporates significant growth potential owing to asurge in aviation activities in the form of expansion,modernization, and domestic air travel.

Have Any Query? Ask Our [email protected] https://www.grandviewresearch.com/inquiry/2832/ibb

Grand View Research has segmented the global ground handling system market on the basis of equipment, service, and region:

Ground Handling System Equipment Outlook (Revenue, USD Billion, 2012 – 2022)

  • Aircraft handling
  • Baggage & cargo handling
  • Passenger handling 

Ground Handling System Service Outlook (Revenue, USD Billion, 2012 – 2022)

  • Aircraft handling
  • Baggage & cargo handling
  • Passenger handling
  • Ramp handling
  • Others 

Ground Handling System Regional Outlook (Revenue, USD Billion, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Browse Related Reports @

Third-party Logistics Market: https://www.grandviewresearch.com/industry-analysis/third-party-logistics-market

Forklift Market: https://www.grandviewresearch.com/industry-analysis/forklift-market

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/ground-handling-system-market

Related Articles

Categories