Global Airport On-Ground Services MarketPosted by Mayuri Kathade. on November 30th, 2020 Global Airport On-Ground Services Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at xx% through 2020 to 2027, reaching US$ XX Mn. Global Airport On-Ground Services Market Global Airport On-Ground Services Market Overview: Airports are undergoing continuous upgrades to strengthen their facilities and boost customer service. Aircraft ground handling system is involved in various operating facilities in order to reduce ground time and increase aircraft efficiency between arrival and departure. Speed, reliability, and precision are the most critical factors for ground handling services to minimize turnaround time. Factors such as preventing delays caused by aircraft, baggage safety & security, and decreased ground time to ensure the operating efficiency of the airport ground handling industry. Heavy snow occurs in regions such as North America and Europe, and often changing weather conditions have a huge effect on airport operations. Factors such as reducing delays caused by aircraft, baggage safety & protection along with reduced ground time to ensure operational efficiency are driving the ground handling system market. Increasing air traffic across the globe has contributed to a rise in flight iterations, which has led to a need for reliable and efficient customer services. The demand for increased capability of ground handling personnel and facilities is projected to increase air traffic. Many ground handlers use green energy systems, such as biogas snow equipment, to clear snow from airports. These systems allow ground handlers to reduce fuel dependence and to reduce carbon footprint. These technologies are expected to support airport ground handling market growth. Airports are undergoing continuous upgrades to enhance facilities and customer service. Low commodity prices, steady GDP growth and high passenger demand are other important factors that stimulate industry growth. In addition, developments in airport infrastructure, growth in the aviation sector and shifting trends in replacing traditional aircraft systems with advanced efficient systems are driving product demand. In addition, rising per capita disposable income mostly in developing nations, coupled with lower air fares, has had a positive effect on the aircraft ground handling system market penetration over the study period. Challenges such as changing customer behavior, rising demand for quality services, along with initial set-up costs, can hinder the growth of the industry. The need for a strong infrastructure due to increasing flight travel is a key challenge faced by airlines. Increased investment in heavy cargo and aircraft handling systems could further reduce the market growth of aircraft ground handling systems. The typical handling equipment has a product lifetime of about six-nine years and needs replacement after a period of time. Absence of sensors in handling systems will result in a collision with aircraft resulting in major losses. The introduction of sensors, including aircraft proximity detectors, ensures successful operation and avoids collisions would help the growth of the market. Based on Type, Cargo Handling is the leading segment to dominate the market during the forecast period due to the increased passenger and freight traffic is expected to boost demand in the commercial aviation market. Increased geopolitical uncertainty would also push the requirements for the expansion of national security aircraft fleets, unintentionally driving the demand for ground handling aircraft. This has contributed to a substantial rise in the total production of aircraft backlogs for major manufacturing firms. The key drivers are growing fast track digital data and enable to achieve insight into user behavior which motivates market development. Air cargo volumes at the world's 20 busiest airports rose by more than 6% compared to 2016. The total cargo volume handled by these airports was approximately 50 million metric tons and accounted for more than 41 per cent of the global air cargo volume. The Airport On-Ground Services market in North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period. The attributing factor is due to the involvement of a range of equipment suppliers and service providers. Growing emphasis on operating efficiency and meeting the ever-increasing demand of air passengers would fuel business growth. The busiest airports in the country include Atlanta International Airport and Los Angeles International Airport, which are both among the top five busiest airports in the world. Industrial players are engaged in strategic investments to broaden their service operations in order to achieve a competitive advantage. For example, in November 2018, dnata announced the expansion of services at Los Angeles International Airport by providing high-quality and efficient ground handling and freight services. The Europe region is projected to register the fastest growth rate in the target market due to resilient economic conditions coupled with reduced air fares are main drivers in the country. Technological developments in the industry with the introduction of sensors, tow-less tractors and baggage management systems to ensure operational safety would further boost industry growth. In addition, the privatization of airports, with growing private sector investment, would promote business growth. Competitive Landscape: Global Airport On-Ground Services Market1 The objective of the report is to present a comprehensive analysis of the Global Airport On-Ground Services Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. Global Airport On-Ground Services Market, By Type • Passenger Handling • North America • Aviapartner For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-airport-on-ground-services-market/78090/
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