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.
Full Research Report on global Ground
Handling System Market Analysis: http://www.grandviewresearch.com/industry-analysis/ground-handling-system-market
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 marshalling.
- 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 a surge in aviation
activities in the form of expansion, modernization, and domestic air
travel.
View more reports of this category by
Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-transportation
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
View Press
Release Of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-ground-handling-system-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit us: www.grandviewresearch.com
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