Airport Ground And Cargo Handling Services Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
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LONDON, GREATER LONDON , UNITED KINGDOM, October 18, 2024 /EINPresswire.com/ — The airport ground and cargo handling services market has experienced robust growth in recent years, expanding from $23.82 billion in 2023 to $25.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to safety and security measures, market competition, global trade trends, environmental concerns, air travel expansion.
What Is The Estimated Market Size Of The Global Airport Ground And Cargo Handling Services Market And Its Annual Growth Rate?
The airport ground and cargo handling services market is projected to continue its strong growth, reaching $35.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to global trade dynamics, demand for specialized services, sustainability initiatives, focus on contactless solutions, air travel recovery.
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Growth Driver of The Airport Ground And Cargo Handling Services Market
The increase in global trade is expected to boost the growth of the airport ground and cargo handling services market going forward. Global trade refers to the exchange of goods, services, and capital across international borders or territories. Global trade expansion leads to a surge in the movement of goods and merchandise across borders, resulting in higher cargo volumes that require efficient handling at airports.
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Which Market Players Are Driving The Airport Ground And Cargo Handling Services Market Growth?
Key players in the market include Aviapartner N.V., Swissport International AG, Worldwide Flight Services Inc., Alvest Group Company Limited, Mallaghan Engineering Limited, MULAG Fahrzeugwerk GmbH & Co. KG, Weihai Guangtai Airport Equipment Co. Ltd., JBT AeroTech Corporation, Fraport AG Frankfurt Airport Services Worldwide, Airport Associates, John Bean Technologies Corporation, ADELTE Group SL, Cavotec SA, Vestergaard Company A/S, Cargotec Corporation, Dubai National Air Transport Association, Havas Ground Handling Company, AeroGround Flughafen München GmbH, Aeroporti di Roma S.p.A., Air France-KLM, Air India SATS Airport Services Private Limited, Air Serv Corporation, Alliance Ground International, Flightcare Global, Goldair Handling, Thai Airways International Public Company Limited, Transworld Aviation Limited, Turkish Ground Services A.S., United Ground Express Inc., Universal Aviation Aircraft Services Inc.
What Are The Key Trends That Influence Airport Ground And Cargo Handling Services Market Share Analysis?
Major companies operating in the market are adopting a strategic partnership approach to implement hydrogen power for ground support equipment at airports. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success.
How Is The Global Airport Ground And Cargo Handling Services Market Segmented?
1) By Airport Type: Domestic, International
2) By Services: Passenger Handling, Baggage handling, Cargo and Mail Handling, Aircraft Handling, Ramp Handling
3) By Infrastructure Type: Greenfield Airport, Brownfield Airport
Geographical Insights: North America Leading The Airport Ground And Cargo Handling Services Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the report during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Airport Ground And Cargo Handling Services Market Definition
The airport ground and cargo handling services refer to a variety of assistance given to assist an aircraft for ground repositioning, preparation, and completion of a flight, including customer service and ramp service activities. Ground handling services’ primary objective is to increase speed, efficiency, and precision while decreasing the turnaround time of airplanes. It improves the airport’s capabilities to provide customer service.
Airport Ground And Cargo Handling Services Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global airport ground and cargo handling services market report covering trends, opportunities, strategies, and more
The Airport Ground And Cargo Handling Services Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on airport ground and cargo handling services market size, airport ground and cargo handling services market drivers and trends, airport ground and cargo handling services market major players and airport ground and cargo handling services market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Article originally published on www.einpresswire.com as Global Airport Ground And Cargo Handling Services Market Overview And Statistics For 2024-2033
