Airport Ground Handling Market In 2024 : Competitive Analysis And Industry Forecast At CAGR Of 9.2% From 2023 To 2032

(MENAFN- EIN Presswire) Airport Ground Handling Market - By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

The airport ground handling market was valued at $31.8 billion in 2022, and is estimated to reach $76.1 billion by 2032, growing at a CAGR of 9.2% from 2023 to 2032.” - Allied Market ResearchWILMINGTON, DE, UNITED STATES, November 20, 2024 /EINPresswire / -- Allied Market Research published a report, titled, "Airport ground handling market by Service (Passenger Handling, Ramp Handling, Cargo Handling, and Others), by Airport (Domestic, and International), by Provider (Independent, Airlines, and Airports): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global airport ground handling industry generated $31.8 billion in 2022 and is anticipated to generate $76.1 billion by 2032, witnessing a CAGR of 9.2% from 2023 to 2032.

Download Sample of Research Report -

Prime determinants of growth

The growth of the global airport ground handling market is driven by factors such as Rise in air traffic, increasing construction, modernization, expansion projects of airports, and growth in e-commerce. However, high capital costs and rigorous rules and regulations hamper the growth of the market. On the contrary, expansion of alternative power sources, and development of lithium-ion batteries, technical advancements and expanding environmental sustainability measures are expected to offer remunerative opportunities for the expansion of the airport ground handling market during the forecast period.

Report coverage & details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size in 2022

$31.8 billion

Market Size in 2032

$76.1 billion

CAGR

9.2 %

No. of Pages in Report

378

Segments Covered

Service, Airport, Provider, and Region.

Drivers

Rise in air traffic

Surging airport construction, modernization, expansion projects

Growth in e-commerce

Opportunities

Technological advancements

Growing environmental sustainability measures

Restraints

High capital cost

Stringent regulations and guidelines

The passenger handling segment to maintain its leadership status throughout the forecast period

Based on service, the passenger handling segment held the highest market share in 2022, accounting for nearly two fifths of the global airport ground handling market revenue and is estimated to maintain its leadership status throughout the forecast period. The growth of the segment is attributed to a rise in demand for safe, reliable, cost-efficient, and effective passenger handling services. However, the cargo handling segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the growth of e-commerce that led to a rise in cargo handling services.

Procure Complete Research Report Now - /purchase-options

The international segment to maintain its leadership status throughout the forecast period

Based on the airport, the international segment held the highest market share in 2022, accounting for more than half of the global airport ground handling market revenue and is estimated to maintain its leadership status throughout the forecast period. Also, the same segment is projected to manifest the highest CAGR of 9.6% from 2023 to 2032. This is due to the rise in globalization regarding international travel.

The independent segment to maintain its lead position during the forecast period

Based on provider, the independent segment accounted for the largest share in 2022, accounting for around three-fourths of the global airport ground handling market revenue. The same segment is expected to portray the largest CAGR of 9.5% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. The growth is attributed to the rise in technology adoption and innovation by independent providers to improve the efficiency and accuracy of ground handling services.

Asia-Pacific to maintain its dominance by 2032

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global airport ground handling market revenue and is likely to dominate the market during the forecast period. Also, the same region is expected to witness the fastest CAGR of 10.3% from 2023 to 2032. This is due to an increase in investment in developing airport infrastructure and surge in air travel in the region.

Interested to Procure the Research Report? Inquire Before Buying -

Leading Market Players: -
Fraport AG
Qatar Airways
SATS Ltd
Aviapartner
Swissport International AG
The Emirates Group
Flughafen München GmbH
Menzies Aviation Limited
Celebi Aviation
AOT Ground Aviation Services Co., Ltd.

Similar Reports We Have on Aerospace and Defense Industry:
Airborne Fire Control Radar Market
Airborne Sensors Market

David Correa
Allied Market Research
+ +1 800-792-5285
email us here
Visit us on social media:
Facebook
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

MENAFN20112024003118003196ID1108905536