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Ground and Cargo Handling Services Market - Global Outlook and Forecast 2018-2023

SKU : ARZ180809
  • Published on : September 2018

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This market research report on the global ground and cargo handling services market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by service type (ground handling and cargo handling), by airplane type (passenger airlines, cargo airlines, and chartered airlines), and geography (APAC, Europe, North America, Latin America, and MEA).

Ground and Cargo Handling Services Market - Overview

The rising demand for air travel, expansion of fleet by airlines to accommodate a larger number of passengers, and a larger number of flight movements to reduce ground time are some of the primary factors attributing to the growth of the global ground and cargo handling services market. The airlines are focusing on improving the efficiency of the aircraft fleet and adding new travel routes, thereby, boosting the demand for these airport services in the ground handling services market. The introduction of various LCCs that are aiming to maximize the aircraft fleet efficiency and implement intensive short-haul flight schedules will transform the global market. The other revenue generating sources in the aeronautical industry consist of food courts, travel retail outlets, and other amenities located at the airport. The ground handling service providers offer a wide range of services to passengers, baggage, airplane, and turnaround punctuality in the market. The growing number of international travelers, rising middle-class spending, and increasing number of LCC airlines are the primary factors attributing to the increased revenues in the ground handling services market. The increasing profitability of airline companies and the simultaneous rise in the number of air travel and air cargowill create lucrative opportunities for leading vendors operating in the market. The development of emerging regions will boost the growth of the global ground and cargo handling services market.

China is among the fastest growing regions with the rise in outbound air passengers, a strong economy, the opening of new routes, and the growing middle-class population in the global market. The increasing popularity of tourism and leisure activities across countries such as Myanmar, Vietnam, and South Korea will have a positive impact on the development of the ground handling services market over the next few years. The global ground and cargo handling services market is projected to reach revenues of $32 billion by 2023, growing at a CAGR of approximately 6% during 2017-2023.

Ground and Cargo Handling Services Market at a Glance

Ground and Cargo Handling Services Market - Dynamics

The increasing focus among airline operators to reduce turnaround times will drive the evolution of the global ground and cargo handling services market. The operators are focusing on improving operations such as de-boarding passengers, baggage handling, and ready the plane again for its next flight. The functionality of proper ground time management involves activities required to control the smooth operations surrounding airplanes on the ground. The ground handling service providers help reduce the management of these services and ensure proper cargo services are offered in the ground handling services market. The vendors are offering improved services that ensure the reduction of passenger discomfort due to unnecessary waiting and fines which can be levied on the airline in the global ground handling services market. The increasing investments in the reduction of turnaround processes and seamless coordination among the airline, airport, and service providers will augment the development of the global ground and cargo handling services market.

Ground and Cargo Handling Services Market - Segmentation

This market research report includes a detailed segmentation of the market by service type, airplane type, and geography.

Segmentation of Ground and Cargo Handling Services Market

 

Ground and Cargo Handling Services Market – By Service Type

Outsourcing ground handling services will result in boosting the revenues in the global ground and cargo handling services market

The worldwide ground and cargo handling services market by service type is segmented into ground handling (passenger and baggage handling & airplane and apron handling) and cargo handling (freight handling and logistics). The ground handling segment dominated the most significant market share in 2017, growing at a CAGR of more than 5% during the forecast period. The increasing demand for passenger handling services such as check-in, boarding gate management, passenger and crew transfer and baggage handling services such as baggage loading and unloading and screening is propelling the growth of this ground handling services marketsegment. The leading companies and operators are outsourcing these ground services to third-party operators who are proficient with the rules, regulations, and standards for operations at international airports. The development of new airports and renovations and expansion of existing airports increasing their capacity will contribute to the growth of the demand in the global ground handling services market. The increasing popularity of outsourcing GSSA services to cargo handling companies will augment the transformation of the global ground and cargo handling services market.

Ground and Cargo Handling Services Market – By Airline Type

Combination airlines that carry passengers and cargo to drive the global ground and cargo handling services market

The airline type segment in the global ground and cargo handling services market is classified as passenger airlines, cargo airlines, and chartered airlines. Passenger airlines occupied the majority of the market share in 2017, growing at a CAGR of around 5% during the forecast period. A rising number of passenger airlines is partnering with e-commerce companies to offer belly space to transfer cargo. These airlines carry perishable items, time-sensitive, and temperature-controlled products, thereby propelling the demand for various services in the global ground handling services market. The leading airlines are increasing their fleet sizes, and the number of flight movements is contributing to the growth of the passenger handling services in the global ground handling services market. The air freight industry and cargo airlines are benefiting from the exponential growth of the e-commerce and online retail segment in the market. Europe and APAC and the busiest air cargo airports in the market. The launch of the high-end corporate jet equipped with luxury seating that redefined the business travel is fueling the demand for premium services in the global ground and cargo handling services market. The ground handling activities included in the offerings for charter airlines and executive customers include smooth operations during arrivals, departures, and stopovers.

Ground and Cargo Handling Services Market – By Geography

Growing number of LCC airlines to boost the demand in the global ground and cargo handling services market

The global ground and cargo handling services market by geography is divided into APAC, Europe, North America, Latin America, and MEA. Europe dominated more than 1/3rd of the total market share in 2017, growing at a CAGR of more than 5% during the forecast period. The availability of various options and several airlines offering varied flight schedules is propelling the growth of this region in the global ground handling services market. The rise in per capita disposable income and an increasing number of domestic and international flights will drive the demand for ground handling and cargo services in the European market. Well-developed airport infrastructure and growing number of LCC airlines will boost the revenues in the European market. Rapid urbanization and improving quality of life across China, India, and South Korea will lead to the development of the APAC region in the global ground handling services market. Robust economic expansion and an increase in some air routes available for travelers will help APAC to grow the fastest in the global ground and cargo handling services market.

Key Countries Profiled

The key countries profiled in the report are:

  • UK
  • France
  • Germany
  • US
  • Canada
  • China
  • South Korea
  • Japan
  • India
  • UAE
  • Brazil
  • Mexico

Key Vendor Analysis

The global ground and cargo handling services market has a good mix of both monopoly and fair competition. The entry barriers set by a federal government organization to protect local airline subsidiary companies from the stringent competitions due to the presence of multinational firms will allow the regional vendors to generate high revenues in the ground handling services market. Various vendors are offering bundled services such as airplane maintenance, movement of crew and passengers to between terminal gates and airplane, flight operations, and crew administration to sustain the intense competition in the global ground handling services market. Some players provide services to charter airlines at the executive terminals including meet and greet for high-class business travelers. This varied range of services will help vendors dominated the global ground and cargo handling services market.

The major vendors in the global market are:

  • Swissport International
  • Dnata
  • Menzies Aviation
  • Worldwide Flight Services (WFS)

Other prominent vendors include Bird Group, Celebi Aviation, SATS, Aviapartner, BBA Aviation, DHL, Fraport, Glamco Aviation, Primeflight Aviation, and HavaƟ.

Key market insights include

  1. The analysis of ground and cargo handling services market provides market size and growth rate for the forecast period 2018-2023.
  2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the ground and cargo handling services market.
  3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
  4. It offers a complete overview of market segments and the regional outlook of ground and cargo handling services market.
  5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

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