Global Airport Handling Services Market

  • Published: Nov 2020
  • Pages: 120
  • SKU: IRTNTR43801
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The airport handling services market has the potential to grow by USD 43.06 bn during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 5.44%.

This airport handling services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The collective pooling of air side equipment is notably driving the airport handling services market growth, although factors such as accidents and aircraft damages at airports due to human error may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the airport handling services market industry get your FREE report sample now.

This report provides extensive insights on segmentation by service (GSHS and CHS) and geography (APAC, North America, Europe, MEA, and South America). The airport handling services market report also offers information on several market vendors, including Celebi Hava Servisi AS, Delta Air Lines Inc., Fraport Group, Signature Aviation plc, Swissport International AG, TAV AIRPORTS HOLDING, The Carlyle Group Inc., The Emirates Group, Universal Weather and Aviation Inc., and Worldwide Flight Services Bangkok Air Ground Handling Co. Ltd. among others.

What will the Airport Handling Services Market Size be in 2020?

Airport-Handling-Services-Market-Market-Size-2019-2024

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Airport Handling Services Market: Key Drivers and Trends

The number of air travelers is expected to increase during the forecast period. With the increasing number of air travelers, the congestion in airports is also escalating. Hence, to cater to the growing demand, several countries are investing in airport infrastructure by enhancing the passenger and cargo-carrying capacity of airports.

Ground handling equipment for different airport ground handling services is leased or owned by ground handlers and stored at airport terminals. The storage costs for vendors increases when the number of stored ground handling equipment becomes greater than the actual requirement. To ensure cost and capacity efficient airport operations, airports, airlines, and ground handlers are taking up initiatives such as collective pooling of airside equipment. By collective pooling of airside equipment, vendors can enjoy various benefits, including reduction of storage, maintenance and equipment purchasing expenditure, terminal stands congestion, and flight delays due to the unavailability of equipment. Collective pooling helps airports procure all equipment and store them centrally to lease them to ground handling service providers as per requirement, thereby increasing the efficiency of ground handling operations.

This airport handling services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Airport Handling Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Celebi Hava Servisi AS
  • Delta Air Lines Inc.
  • Fraport Group
  • Signature Aviation plc
  • Swissport International AG
  • TAV AIRPORTS HOLDING
  • The Carlyle Group Inc.
  • The Emirates Group
  • Universal Weather and Aviation Inc.
  • Worldwide Flight Services Bangkok Air Ground Handling Co. Ltd.

 

The airport handling services market is concentrated and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the airport handling services market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Airport Handling Services Market?

Airport-Handling-Services-Market-Market-Share-by-Region-2019-2024

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52% of the market’s growth will originate from APAC during the forecast period. China is the key market for airport handling services market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing preference for air travel will facilitate the airport handling services market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Service Segments in the Airport Handling Services Market?

Airport-Handling-Services-Market-Market-Share-by-Service-2019-2024

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Ground handling services comprise many services related to an aircraft between the time of its arrival and its departure. Ground handling services include a wide range of services offered by airport handling service providers worldwide. These services include passenger services, check-in services, airport lounges, shower and smoking facilities in selected lounges, internet connectivity, entertainment, and VIP handling services. Market growth in this segment will be slower than the growth of the market in the CHS segment.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in the GSHS market growth. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the airport handling services market size.

 

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What are the Key Factors Covered in this Airport Handling Services Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive airport handling services market growth during the next five years
  • Precise estimation of the airport handling services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the airport handling services market industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of airport handling services market vendors

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Airport Handling Services Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2020-2024

USD 43.06 billion

Market structure

Concentrated

YoY growth (%)

-37.13

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 52%

Key consumer countries

US, China, Germany, France, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Celebi Hava Servisi AS, Delta Air Lines Inc., Fraport Group, Signature Aviation plc, Swissport International AG, TAV AIRPORTS HOLDING, The Carlyle Group Inc., The Emirates Group, Universal Weather and Aviation Inc., and Worldwide Flight Services Bangkok Air Ground Handling Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The airport handling services market growth will increase by $43.06 billion during 2019-2024.
The airport handling services market is expected to grow at a CAGR of 5.44% during 2019-2024.
Technavio has segmented the airport handling services market by service (GSHS and CHS) and geographic (APAC, North America, Europe, MEA, and South America).
Celebi Hava Servisi AS, Delta Air Lines Inc., Fraport Group, Signature Aviation plc, Swissport International AG, TAV AIRPORTS HOLDING, The Carlyle Group Inc., The Emirates Group, Universal Weather and Aviation Inc., Worldwide Flight Services Bangkok Air Ground Handling Co. Ltd. are a few of the key vendors in the airport handling services market.
APAC will register the highest growth rate of 51.70% among the other regions. Therefore, the airport handling services market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the airport handling services market growth are:
  • Increasing infrastructure developments in the aviation industry
  • Collective pooling of air side equipment
The airport handling services market vendors should focus on grabbing business opportunities from the gshs segment as it accounted for the largest market share in the base year.
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