Hyderabad, July 17, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Airport Ground Handling Systems Market Report (2023-2028)," the market is estimated at USD 3.98 billion in 2023. It is expected to register a CAGR of 13.33% during the forecast period.
Airport ground handling systems provide services to an aircraft when it is on the ground parked at a terminal gate. The systems include tugs, tractors, lavatory service vehicles, de-icers, fuel trucks, and refuelers. As air travel has gradually returned to pre-COVID-19 levels, investments in airport ground handlers are expected to increase to create more advanced ground support systems that help lower the turnaround times of an aircraft.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 3.98 billion |
| Market Size (2028) | USD 7.45 billion |
| CAGR (2023-2028) | 13.33% |
| Study Period | 2022-2027 |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Forecast Units | Value (USD billion) |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | The construction of new airports. |
| Development of existing airports to increase their capacity to handle increasing passengers and cargo. |
Which are the Top Companies in the Airport Ground Handling Systems Market?
The airport ground handling systems market is highly fragmented and consists of various local players. The market players are using strategies like acquisitions and partnerships and establishing manufacturing and production facilities locally to establish themselves in the local and regional markets. Manufacturers are developing eco-friendly equipment to increase their market share.
Notable players in the airport ground handling systems market are,
- Cavotec SA
- John Bean Technologies Corp.
- ADELTE Group SL
- ALVEST
- Textron Inc.
- Tronair Inc.
- Mallaghan Engineering Limited
- MULAG Fahrzeugwerk
- Vestergaard Company
- Air T Inc.
- Ground Support Specialists LLC
- Weihai Guangtai Airport Equipment Co. Ltd
Other Reports That Might Be of Your Interest:
- Europe Airport Ground Handling Systems Market Report - The European airport ground handling systems market size is estimated at USD 680.57 million in 2023. It is expected to reach USD 1.26 billion by 2028, registering a CAGR of 13.17% during the forecast period (2023-2028).
- Asia-Pacific Airport Ground Handling Systems Market Report - The Asia-Pacific airport ground handling systems market size is estimated at USD 1.64 billion in 2023. It is expected to reach USD 3.07 billion by 2028, registering a CAGR of 13.36% during the forecast period (2023-2028).
Key Highlights from the Airport Ground Handling Systems Market Report:
Aircraft Handling Segment Driving the Market
- The aircraft handling segment dominates the market. It includes refuelers, ground power units, pre-conditioned air units, and fuel trucks. Increasing expenditure in the aviator sector, rising spending on airport operations, and construction of new airports are driving the market’s growth.
- Many airports worldwide are investing in enhancing their ground handling systems by launching new equipment to improve their efficiency.
Highest Market Growth is Expected to be Registered by North America
- North America is expected to register the highest growth due to the aviation industry’s rapid recovery from the COVID-19 pandemic, high investments in civil aviation authority and airport operators, and the development of ground handling equipment.
- Airports in the region are investing in developing infrastructure to introduce electric ground vehicles. The Kansas City Aviation Department announced to invest in the first wireless vehicle charging system at the US airport. The technology used in this system is expected to expand the range of its electric buses without a charging station.
What are the Latest Developments in the Airport Ground Handling Systems Market?
- In April 2022, Airpro invested EUR 4 million in procuring four Elephant e-BETA de-icers from Vestergaard Company. The company is projected to become the first company in Finland in the ground handling space to deploy electric de-icing services after delivery.
- In March 2022, Lufthansa LEOS became the launch customer of Phoenix E, an all-electric towbarless aircraft tractor manufactured by Goldhofer. The vehicle runs on battery and can carry up to 352 metric tons.
Mordor Intelligence has Segmented the Airport Ground Handling Systems Market Based on Type, Power Source, and Geography:
- By Type (Market Size and Forecast based on Value (USD billion), 2022-2027)
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- Aircraft Handling
- Passenger Handling
- Cargo and Baggage Handling
-
- By Power Source (Market Size and Forecast based on Value (USD billion), 2022-2027)
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-
- Non-electric
- Electric
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-
- By Geography (Market Size and Forecast based on Value (USD billion), 2022-2027)
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- North America
- United States
- Canada
- Europe
- United Kingdom
- France
- Germany
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of Middle East & Africa
- North America
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In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Airport Ground Handling Systems Market Report (2023-2028).
Mordor Intelligence constantly tracks industry trends. Some relevant market reports from the analysts that might be of interest to you:
- Middle East and Africa Airport Ground Handling Systems Market Report - The Middle East and African airport ground handling systems market size is estimated at USD 214.90 million in 2023. It is expected to reach USD 357.42 million by 2028, registering a CAGR of 10.71% during the forecast period (2023-2028).
- North America Ground Handling System Market Report - The North American ground handling system market size is estimated at USD 1.25 billion in 2023. It is expected to reach USD 2.50 billion by 2028, registering a CAGR of 14.70% during the forecast period (2023-2028).
- Asia-Pacific Smart Airport Market Report - The Asia-Pacific smart airport market size is estimated at USD 394.76 million in 2023. It is expected to reach USD 768.79 million by 2028, registering a CAGR of 14.26% during the forecast period (2023-2028).
About Mordor Intelligence:
Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
Our market research reports are comprehensive and provide exclusive data, facts and figures, trends, and the competitive landscape of the industry.
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