San Francisco, 31 October 2018 , 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.
Full Research Report On Ground Handling System
Market Analysis:
www.grandviewresearch.com/industry-analysis/ground-handling-system-market
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 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.
Browse More Reports Of This Category By
Grand View Research At: 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
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-ground-handling-system-market
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.
For more information: www.grandviewresearch.com/
