Some of the key findings from our airport handling services market forecast report are summarized below
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Global airport handling services industry outlook
Ground handling equipment for different airport ground handling services are 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, at any given point in time. 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 unavailability of equipment. Menzies Aviation, Swissport International, and TCR announced an initiative for collective pooling of airside equipment in London Luton Airport, UK, in 2017. Through this initiative, the airport procured all equipment and stored them centrally to lease them to ground handling service providers as per requirement, thereby increasing the efficiency of ground handling operations. Thus, the airport handling services market report identifies the collective pooling of airside equipment to be a key trend that will gain traction in the future and drive the growth of the market at a CAGR close to 5%, during the forecast period.
Companies covered
The airport handling services market appears to be moderately fragmented with several companies offering a wide range of services including aircraft on ground (AOG) support, ramp and passenger services, aircraft security services, baggage services, terminal operations, and catering operations. The market is in the growth phase and the market space is expected to become less competitive by the end of the next five years. Our market research report focuses on the competitive landscape and lists the various services offered by the leading companies. This global airport ground handling services market analysis report will help clients to gauge the market competition and identify new growth opportunities.
The report offers a detailed analysis of several leading companies, including:
- BBA Aviation
- Çelebi
- Dnata
- Swissport International
- TAV Airports Holding
Airport handling services market segmentation based on service
- GSHS
- CHS
The GSHS segment dominated the airport handling services market in 2017. This segment is expected to increase its market share and will continue to dominate the market for the next five years.
Airport handling services market segmentation based on geographic regions
- Americas
- APAC
- EMEA
The APAC region held the largest share of the airport ground handling services market in 2017. This region will be the highest revenue generator of the market and continue to grow its market share throughout the next five years.
Key highlights of the global airport handling services market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the airport handling services market during the next five years
- Precise estimation of the global airport ground handling services market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the airport handling services industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of airport ground handling service companies
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