Airport Handling Services Market size is set to grow by USD 62.5 billion from 2024-2028, Expansion of airport terminals and construction of new airports boost the market, Technavio

NEW YORK, June 25, 2024 /PRNewswire/ -- The global airport handling services market size is estimated to grow by USD 62.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.1% during the forecast period. 

The airport handling services market is taking off, fueled by expanding airport facilities and a collaborative approach to equipment sharing. However, human error and ground accidents remain a concern.

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Market Growth

• Rising air traffic due to airport expansions and new constructions is driving demand for handling services.
• Collective pooling of ground equipment by airports and airlines is improving efficiency and reducing costs.

Key Services

• Cargo handling: Ensures smooth transfer of goods between aircraft and ground transportation.
• Ground handling: Includes fueling, cleaning, towing, and marshalling of aircraft.
• Passenger services: Covers check-in, baggage handling, and boarding assistance.

Technology Adoption

• Automation and integration of technology are streamlining operations and enhancing passenger experience.

Market Challenges

• Ground handling accidents caused by human error are a major concern, leading to high costs and disruptions.
• Increasing passenger and flight volumes strain airport capacity and require improved traffic management.
• Reducing the carbon footprint of airport operations necessitates sustainable practices and technologies.
• Stringent regulations and compliance requirements add complexity to the market.

Collaboration is Key

Effective collaboration between airlines, airports, and ground handling companies is crucial for overcoming challenges and delivering optimal services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Type
• International
• Domestic
• Service
• GSHS
• CHS
• Geography
• APAC
• Europe
• North America
• Middle East And Africa
• South America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio