PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209857
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209857
Aerospace Ground Handling System Market Forecasts to 2028 - Global Analysis By Product Type, Application and By Geography
According to Stratistics MRC, the Global Aerospace Ground Handling System Market is accounted for $161.3 billion in 2022 and is expected to reach $239.4 billion by 2028 growing at a CAGR of 6.8% during the forecast period. In aviation, ground handling represents the comprehensive range of services provided to facilitate an aircraft flight or aerospace ground repositioning which comprises both ramp service functions and customer service. Aerospace ground handling systems aid in various operations to improve aircraft productivity and reduce ground time. Advanced aerospace ground handling systems streamline tasks for ground handlers and ensure good operational efficiency. They also enable airlines to offer efficient and effective customer services along with managing overall costs.
According to the International Civil Aviation Organization (ICAO), global passenger traffic will increase by 4.2% each year over the next 20 years. According to the International Air Transport Association, an additional 44% of air passenger traffic is expected to come from China and India in the next ten years.
Market Dynamics:
Driver:
The growing air traffic
The growing air traffic worldwide has indicated to rise in flight iterations which have resulted in demand for efficient and effective customer services. Moreover, airports are undergoing continuous upgradation to enhance infrastructure and improve customer experience. The improvement in airport infrastructure and shifting trends for the replacement of conventional systems in the aircraft with an advanced efficient system is propelling product demand.
Restraint:
Operational risks
Risks associated with the operation of ground treatment equipment such as lifting injuries, contact with moving vehicles and aircraft collisions with ground treatment equipment are hindering the market growth. Additionally, refuelling and the danger of refuelling can lead to fuel fires or spills due to equipment malfunction, distraction and improper procedures. Therefore, these factors are restricting the growth of the market.
Opportunity:
Technological advancements
Airport operators are adopting innovative technologies and advancement to ensure minimum error and maximum profits. The rising geopolitical instability will increase the requirements for the expansion of national security aircraft fleets, the use of robotic systems controlled by remote computers integrated with machine learning augmented the demand for the market. Moreover, rising per capita disposable income mostly in emerging nations with reducing airfares is positively influencing the market.
Threat:
High initial investments
Increasing demand for quality services along with initial setup cost, and the absence of standards and protocols, a huge investment for heavy cargo and airplane handling systems are limiting the growth. Further, the ground handling business has some risks such as financial losses, increased liability, as well as negative customer and airline relations if the operation is not executed and communicated properly. These are the potential restraints hampering the growth of the Market.
COVID-19 Impact
The aviation industry was severely impacted by the drop in travel demand due to COVID-19-induced travel restrictions implemented by governments of several nations to contain the spread of the disease. The sharp decline in air traffic has significantly reduced revenues at domestic airports and international airports. The exponential deterioration in air traffic has substantially decreased revenues at domestic airports as well as international airports. The market was revived due to a significant rise in passenger traffic and aircraft movements.
The passenger handling segment is expected to be the largest during the forecast period
The passenger handling segment is estimated to have a lucrative growth, due to increasing passenger and freight traffic. This service facilitates the efficient movement of passengers from initial check-in to boarding. Also, increasing geopolitical instability will drive the requirements for expansion of national security aerospace fleets. Thus, these aspects are improving the expansion of the segment.
The civil segment is expected to have the highest CAGR during the forecast period
The civil segment is anticipated to witness the fastest CAGR growth during the forecast period, due to increase in air traffic. The factors that can be attributed to the growing air traffic have led to mounting in-flight iterations which resulted in demand for efficient and effective customer services. Additionally, increased demands for longer runways, upgraded air traffic control systems are driving the growth of the segment.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to strong economic growth, increasing customer base for airlines, and significant investment by leading industry players. Additionally, favorable socio-economic and demographic factors such as urbanization, growing population and rise in the standard of living have positively predictable in propelling the growth of the market.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the rise in the implementation of latest technologies, increase in domestic travelling, the presence of many equipment manufacturers and service providers. The rising focus on operational efficiency and satisfying the ever-growing demand for air passengers will fuel business growth. Technological advancements in the industry with the implementation of sensors, tow-less tractors, and baggage management systems to ensure operational safety will boost the market in this region.
Key players in the market
Some of the key players profiled in the Aerospace Ground Handling System Market include Rheinmetall AG, Aviapartner NV, Oceania Aviation, JBT Corporation, ITW GSE, Bharat Earth Movers Ltd., Bliss-Fox Ground Support Equipment Ltd., IMAI Aero-Equipment Mfg. Co.,, Gates Corporation, Aero Specialties, Inc., Cavotec SA, SAAB Group, Textron Ground Support Equipment Inc., MULAG Fahrzeugwerk, Weihai Guangtai Airport Equipment Co., Ltd., Mallaghan Engineering, Ltd., Tronair Inc. and Teleflex Lionel-Dupont (TLD) Group.
Key Developments:
In June 2022, Rheinmetall MAN Military Vehicles (RMMV) and French tyre manufacturer Michelin have entered into a mutual agreement on closer cooperation in the domains of defense vehicles mobility.
In August 2020, Oceania Aviation has finalised a strategic partnership agreement with Aviation New Zealand, the industry association which represents the interests of the general aviation community. The agreement allows both organisations to work towards their shared goal of growing the General Aviation (GA) industry in a safe and sustainable way.
Product Types Covered:
- Unloading
- Loading
- Refueling
- Marshalling
- Catering
- Maintenance
- Passenger Handling
- Other Product Types
Applications Covered:
- Military
- Civil
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Aerospace Ground Handling System Market, By Product Type
- 5.1 Introduction
- 5.2 Unloading
- 5.3 Loading
- 5.4 Refueling
- 5.5 Marshalling
- 5.6 Catering
- 5.7 Maintenance
- 5.8 Passenger Handling
- 5.9 Other Product Types
6 Global Aerospace Ground Handling System Market, By Application
- 6.1 Introduction
- 6.2 Military
- 6.3 Civil
- 6.4 Other Applications
7 Global Aerospace Ground Handling System Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Rheinmetall AG
- 9.2 Aviapartner NV
- 9.3 Oceania Aviation
- 9.4 JBT Corporation
- 9.5 ITW GSE
- 9.6 Bharat Earth Movers Ltd.
- 9.7 Bliss-Fox Ground Support Equipment Ltd.
- 9.8 IMAI Aero-Equipment Mfg. Co.,
- 9.9 Gates Corporation
- 9.10 Aero Specialties, Inc.
- 9.11 Cavotec SA
- 9.12 SAAB Group
- 9.13 Textron Ground Support Equipment Inc.
- 9.14 MULAG Fahrzeugwerk
- 9.15 Weihai Guangtai Airport Equipment Co., Ltd.
- 9.16 Mallaghan Engineering, Ltd.
- 9.17 Tronair Inc.
- 9.18 Teleflex Lionel-Dupont (TLD) Group
List of Tables
- Table 1 Global Aerospace Ground Handling System Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Aerospace Ground Handling System Market Outlook, By Product Type (2020-2028) ($MN)
- Table 3 Global Aerospace Ground Handling System Market Outlook, By Unloading (2020-2028) ($MN)
- Table 4 Global Aerospace Ground Handling System Market Outlook, By Loading (2020-2028) ($MN)
- Table 5 Global Aerospace Ground Handling System Market Outlook, By Refueling (2020-2028) ($MN)
- Table 6 Global Aerospace Ground Handling System Market Outlook, By Marshalling (2020-2028) ($MN)
- Table 7 Global Aerospace Ground Handling System Market Outlook, By Catering (2020-2028) ($MN)
- Table 8 Global Aerospace Ground Handling System Market Outlook, By Maintenance (2020-2028) ($MN)
- Table 9 Global Aerospace Ground Handling System Market Outlook, By Passenger Handling (2020-2028) ($MN)
- Table 10 Global Aerospace Ground Handling System Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 11 Global Aerospace Ground Handling System Market Outlook, By Application (2020-2028) ($MN)
- Table 12 Global Aerospace Ground Handling System Market Outlook, By Military (2020-2028) ($MN)
- Table 13 Global Aerospace Ground Handling System Market Outlook, By Civil (2020-2028) ($MN)
- Table 14 Global Aerospace Ground Handling System Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 15 North America Aerospace Ground Handling System Market Outlook, By Country (2020-2028) ($MN)
- Table 16 North America Aerospace Ground Handling System Market Outlook, By Product Type (2020-2028) ($MN)
- Table 17 North America Aerospace Ground Handling System Market Outlook, By Unloading (2020-2028) ($MN)
- Table 18 North America Aerospace Ground Handling System Market Outlook, By Loading (2020-2028) ($MN)
- Table 19 North America Aerospace Ground Handling System Market Outlook, By Refueling (2020-2028) ($MN)
- Table 20 North America Aerospace Ground Handling System Market Outlook, By Marshalling (2020-2028) ($MN)
- Table 21 North America Aerospace Ground Handling System Market Outlook, By Catering (2020-2028) ($MN)
- Table 22 North America Aerospace Ground Handling System Market Outlook, By Maintenance (2020-2028) ($MN)
- Table 23 North America Aerospace Ground Handling System Market Outlook, By Passenger Handling (2020-2028) ($MN)
- Table 24 North America Aerospace Ground Handling System Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 25 North America Aerospace Ground Handling System Market Outlook, By Application (2020-2028) ($MN)
- Table 26 North America Aerospace Ground Handling System Market Outlook, By Military (2020-2028) ($MN)
- Table 27 North America Aerospace Ground Handling System Market Outlook, By Civil (2020-2028) ($MN)
- Table 28 North America Aerospace Ground Handling System Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 29 Europe Aerospace Ground Handling System Market Outlook, By Country (2020-2028) ($MN)
- Table 30 Europe Aerospace Ground Handling System Market Outlook, By Product Type (2020-2028) ($MN)
- Table 31 Europe Aerospace Ground Handling System Market Outlook, By Unloading (2020-2028) ($MN)
- Table 32 Europe Aerospace Ground Handling System Market Outlook, By Loading (2020-2028) ($MN)
- Table 33 Europe Aerospace Ground Handling System Market Outlook, By Refueling (2020-2028) ($MN)
- Table 34 Europe Aerospace Ground Handling System Market Outlook, By Marshalling (2020-2028) ($MN)
- Table 35 Europe Aerospace Ground Handling System Market Outlook, By Catering (2020-2028) ($MN)
- Table 36 Europe Aerospace Ground Handling System Market Outlook, By Maintenance (2020-2028) ($MN)
- Table 37 Europe Aerospace Ground Handling System Market Outlook, By Passenger Handling (2020-2028) ($MN)
- Table 38 Europe Aerospace Ground Handling System Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 39 Europe Aerospace Ground Handling System Market Outlook, By Application (2020-2028) ($MN)
- Table 40 Europe Aerospace Ground Handling System Market Outlook, By Military (2020-2028) ($MN)
- Table 41 Europe Aerospace Ground Handling System Market Outlook, By Civil (2020-2028) ($MN)
- Table 42 Europe Aerospace Ground Handling System Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 43 Asia Pacific Aerospace Ground Handling System Market Outlook, By Country (2020-2028) ($MN)
- Table 44 Asia Pacific Aerospace Ground Handling System Market Outlook, By Product Type (2020-2028) ($MN)
- Table 45 Asia Pacific Aerospace Ground Handling System Market Outlook, By Unloading (2020-2028) ($MN)
- Table 46 Asia Pacific Aerospace Ground Handling System Market Outlook, By Loading (2020-2028) ($MN)
- Table 47 Asia Pacific Aerospace Ground Handling System Market Outlook, By Refueling (2020-2028) ($MN)
- Table 48 Asia Pacific Aerospace Ground Handling System Market Outlook, By Marshalling (2020-2028) ($MN)
- Table 49 Asia Pacific Aerospace Ground Handling System Market Outlook, By Catering (2020-2028) ($MN)
- Table 50 Asia Pacific Aerospace Ground Handling System Market Outlook, By Maintenance (2020-2028) ($MN)
- Table 51 Asia Pacific Aerospace Ground Handling System Market Outlook, By Passenger Handling (2020-2028) ($MN)
- Table 52 Asia Pacific Aerospace Ground Handling System Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 53 Asia Pacific Aerospace Ground Handling System Market Outlook, By Application (2020-2028) ($MN)
- Table 54 Asia Pacific Aerospace Ground Handling System Market Outlook, By Military (2020-2028) ($MN)
- Table 55 Asia Pacific Aerospace Ground Handling System Market Outlook, By Civil (2020-2028) ($MN)
- Table 56 Asia Pacific Aerospace Ground Handling System Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 57 South America Aerospace Ground Handling System Market Outlook, By Country (2020-2028) ($MN)
- Table 58 South America Aerospace Ground Handling System Market Outlook, By Product Type (2020-2028) ($MN)
- Table 59 South America Aerospace Ground Handling System Market Outlook, By Unloading (2020-2028) ($MN)
- Table 60 South America Aerospace Ground Handling System Market Outlook, By Loading (2020-2028) ($MN)
- Table 61 South America Aerospace Ground Handling System Market Outlook, By Refueling (2020-2028) ($MN)
- Table 62 South America Aerospace Ground Handling System Market Outlook, By Marshalling (2020-2028) ($MN)
- Table 63 South America Aerospace Ground Handling System Market Outlook, By Catering (2020-2028) ($MN)
- Table 64 South America Aerospace Ground Handling System Market Outlook, By Maintenance (2020-2028) ($MN)
- Table 65 South America Aerospace Ground Handling System Market Outlook, By Passenger Handling (2020-2028) ($MN)
- Table 66 South America Aerospace Ground Handling System Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 67 South America Aerospace Ground Handling System Market Outlook, By Application (2020-2028) ($MN)
- Table 68 South America Aerospace Ground Handling System Market Outlook, By Military (2020-2028) ($MN)
- Table 69 South America Aerospace Ground Handling System Market Outlook, By Civil (2020-2028) ($MN)
- Table 70 South America Aerospace Ground Handling System Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 71 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Country (2020-2028) ($MN)
- Table 72 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Product Type (2020-2028) ($MN)
- Table 73 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Unloading (2020-2028) ($MN)
- Table 74 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Loading (2020-2028) ($MN)
- Table 75 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Refueling (2020-2028) ($MN)
- Table 76 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Marshalling (2020-2028) ($MN)
- Table 77 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Catering (2020-2028) ($MN)
- Table 78 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Maintenance (2020-2028) ($MN)
- Table 79 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Passenger Handling (2020-2028) ($MN)
- Table 80 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 81 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Application (2020-2028) ($MN)
- Table 82 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Military (2020-2028) ($MN)
- Table 83 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Civil (2020-2028) ($MN)
- Table 84 Middle East & Africa Aerospace Ground Handling System Market Outlook, By Other Applications (2020-2028) ($MN)
