Airport Ground and Cargo Handling Services Market Development, Price, Size, Outlook, Report, Global, Opportunities, Global Forecast by 2028

airport ground and cargo handling services marketAirport Ground andCargo Handling Services Market, 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 Type51.17%


Regional Insights-

Increasing International & Domestic Passengers to Favor Growth in Asia Pacific

North AmericaUSD 5.43 billion

Europe

Asia Pacific

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

May 2018

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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