The ground handling management market is estimated to be $347.50 million in 2014, and is expected to grow at a CAGR of 5.62% to reach $456.76 million by 2020.The key drivers accountable for the growth of the ground handling management market are increase in number of airports, terminal expansions, and up-gradation of airports.
The report "Aircraft Ground Handling System Market (Passenger Ground Handling Equipment, Cargo Ground Handling Equipment, Aircraft Ground Handling Equipment, by Product, Application & Geography) - Global Forecasts and Analysis to 2014 - 2019", by MarketsandMarkets, Aircraft Ground Handling System Market is estimated to be valued at $347.50 Million in 2014, and is expected to reach $456.76 Million by 2019. Growth in the market will continue to depend largely on the increase in number of airlines and airports. Expansion, up-gradation of existing airports, and technology advancements, will also increase the demand for aircraft ground handling system market.
Browse more than 53 market data Tables with 29 Figures spread through 165 Pages and in-depth TOC on "Aircraft Ground Handling System Market".
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Different designs and airframes made of composites, could force ground service providers into alternative processes and equipment, which would have a significant impact on the cost factor. The other advantage will be that improvements in aircraft design and equipment may improve efficiency, thereby reducing ground handling costs.
The report covers different types of ground handling equipment such as waste water removal, air starter unit, passenger stairs, container loader, catering vehicle, transporters, bus carts, refuelers, ground power unit, push back vehicle, anti- icing unit, and passenger bus.
The report provides the market size of the aircraft ground handling system market over the next five years, and talks about the market share by different application or region. It tracks and analyzes the technology trends, market trends and industry trends with respect to the aircraft ground handling system market.
It talks about the leading competitors in the aircraft ground handling system market, and apart from that, provides a general overview of the companies; it also provides details on their financial positions, key products, their unique selling points, and key developments.
The primary market players are from the U.S. and Europe, who dominate the aircraft ground handling system market in terms of technology, innovation, and on-time delivery. The market has numerous competitors who often engage in multifunctional joint ventures to win contracts for new aircraft ground handling system innovations.
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The market for passenger ground handling system is expected to increase at a CAGR of 5.40% in the forecast period. Globally, the market size for passenger ground handling system is estimated to be higher, compared to the cargo and aircraft ground handling system market, due to increasing passenger travel worldwide.
Globally, air traffic is increasing, hence airports in most countries will require significant up gradations, expansions and improvement in aircraft ground handling systems, operations and services. Most of the competition in this market will be from the U.S and Europe who are generating new technology trends and market trends for this particular industry.
In geographic analysis, it estimated that Asia-Pacific, the Middle East and Latin America are the Fastest Growing Regions in The Aircraft Ground Handling System Market.
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