Global aircraft ground-handling system market forecast
Airport terminals have the need to be modernized and upgraded to cater to the increasing passenger traffic and combat congestion. Adequate airside and terminal infrastructure is integral for efficient management of airport operations and prevent delays. According to Technavio’s aircraft ground-handling system market report, the modernization and expansion of airport terminals will be one of the primary factors fueling the growth of the market during the next few years. The increasing cargo and passenger traffic is encouraging the airports to undergo modernization and expansion activities with advanced technologies and infrastructure facilities. Terminal expansions and upgrades will ease the accommodation of large volume of passengers and ground staff with advanced technologies. Such factors are leading towards a rise in the aircraft ground-handling system market worth during the forecast period. Our market analysts estimate that the aircraft ground-handling system market growth will be at a CAGR of more than 10% by 2022.
Aircraft terminals demand for aircraft ground support equipment for servicing and maintenance, that are owned or leased through contracts with varied airlines. Rising airport traffic and the growing demand for stress-free and on-time performance by the passengers pressurize ground handling procedures. To combat the increasing traffic and improving the efficiency, airports and airlines are merging to ensure their services are cost and capacity-efficient. Airports are facilitating collective pooling of airside equipment to increase its aircraft ground support efficiency and reduce overall cost. According to our market research analysis, the implementation of collective pooling of airside equipment is one of the key aircraft ground-handling system market trends driving the growth of the market.
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The aircraft ground-handling system market is majorly fragmented owing to the presence of numerous international and regional players. Aircraft ground handling service providers compete intensely in terms of product quality, cost of manufacturing, reliability, delivery cycle time, and geographical diversifications. Several vendors are directing their market operations in APAC to achieve cost-effectiveness. To attain competitive advantage in the aviation ground handling equipment market, the providers must focus on in-house manufacturing capabilities, product offerings, global network, investment in R&D, new technology, and strong client base.
The leading vendors in the market are
The other prominent vendors in the market are ADELTE Group, avro GSE, BEUMER GROUP, CHARLATTE AMERICA, COBUS Industries, DOLL FAHRZEUGBAU, Harlan Global Manufacturing, LAS-1, MAK Controls, Rucker Equipamentos Industriais, SkyMark Refuelers, Sphera, and Victory GSE- Ground Support Equipment.
Segmentation by technology and analysis of the aircraft ground-handling system market
Electrical and hybrid system
Conventional-powered system technology accounts for the major share of the aircraft GHS market as the conventional-powered systems use fossil fuel for their regular operations. The demand for conventional equipment will increase due to the numerous technological innovations that result in the development of economical equipment that consumes lesser fuel and enhanced performance.
Geographical segmentation and analysis of the aircraft ground-handling system market
APAC will be the major revenue contributor to the aviation ground handling equipment market since aviation agencies are undertaking strong initiatives to develop new airport terminals to combat the increasing passenger traffic. Moreover, this region is witnessing an increasing demand for air travel that will simultaneously increase the demand for advanced aircraft GHS and equipment. Several established players are already offering advanced technologies and ground support services to enhance the operations of existing airports.
Key questions answered in the report include
What will the market size and the growth rate be in 2022?
What are the key factors driving the global aircraft ground-handling system market?
What are the key market trends impacting the growth of the global aircraft ground-handling system market?
What are the challenges to market growth?
Who are the key vendors in the global aircraft ground-handling system market?
What are the market opportunities and threats faced by the vendors in the global aircraft ground-handling system market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global aircraft ground-handling system market?