Airport Ground Handling Systems Market Size
| Study Period | 2024 - 2029 |
| Market Size (2024) | USD 42.10 Billion |
| Market Size (2029) | USD 61.04 Billion |
| CAGR (2024 - 2029) | 7.71 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Airport Ground Handling Systems Market Analysis
The Airport Ground Handling Systems Market size is estimated at USD 42.10 billion in 2024, and is expected to reach USD 61.04 billion by 2029, growing at a CAGR of 7.71% during the forecast period (2024-2029).
The airport ground handling systems market is set for robust growth, driven by the construction of new airports, expansions of existing ones, and a global trend toward airport privatization. As part of their efforts to slash their carbon footprints, airports are rapidly embracing electric ground handling equipment and cutting-edge technologies, like automation systems for ramp and cargo operations. These eco-friendly initiatives are expected to be the key market drivers in the coming years.
Key drivers for the airport ground and cargo handling services market include rising air passenger traffic, airport modernization, and technological advancements. The industry's focus on operational efficiency is further catalyzing its growth. Innovations such as robot integration in cargo handling, alongside initiatives like new airport constructions and terminal expansions, paint a promising picture for the market. Global airport authorities are significantly investing in infrastructure upgrades, with a keen eye on enhancing passenger comfort and baggage handling. The International Air Transport Association (IATA) highlights the aviation industry's potential for billions in savings through global RFID adoption. In line with broader trends, the aviation industry prioritizes technological advancements, especially during peak travel times. Features like automated kiosks, remote queue management, and advanced check-in systems are set to elevate the passenger experience, thereby bolstering market growth.
Energy efficiency and sustainability are at the forefront of airport cargo handling systems. The industry is transitioning to renewable energy sources and adopting regenerative technologies, from energy-efficient motors to designs that minimize mechanical losses. Noteworthy innovations include converting conveyor kinetic energy into electricity, slashing energy consumption, and trimming operational costs.
Airport Ground Handling Systems Market Trends
The Aircraft Handling Segment is Expected to Witness Significant Growth During the Forecast Period
The aircraft handling segment dominates the market and is expected to maintain its lead in the years ahead. This segment covers a spectrum of services, from refuelers and tugs to lavatory service vehicles and deicers, all vital for smooth airport operations. It also includes ground power units, pre-conditioned air units, fuel trucks, and other critical ground handling systems.
Airport revenues have increased in recent years, prompting a shift toward more advanced cargo handling systems. With these increased revenues, airports are allocating funds for infrastructure upgrades, which may enhance operational efficiency and improve safety standards.
On a global scale, aviation is experiencing a surge in expenditure, with many countries focusing on new airport constructions and enhancing existing operations. Post-pandemic, airports across the world prioritized upgrading their ground handling systems, often opting for newer, more efficient equipment. There is a noticeable shift toward environmentally friendly practices, with rising demand for low-emission ground support equipment (GSE) and the emergence of 'green' airports. In response, companies are actively developing electric aircraft handling solutions that are both eco-friendly and efficient.
Illustrating this trend, in February 2024, the Federal Aviation Administration (FAA) announced grants nearing USD 1 billion to improve 114 US airports. These investments are designed to enhance the passenger experience, covering upgrades such as new baggage systems, expanded security checkpoints, and a modernization push for aging terminal infrastructure and ground transportation facilities. With these advancements and the increased investments in aircraft handling equipment, the segment is set for substantial growth in the foreseeable future.
North America is Expected to Witness Highest Growth During the Forecast Period
During the forecast period, North America is set for substantial growth, buoyed by the Federal Aviation Administration's (FAA) allocation of funds to US airports to adopt electric ground support vehicles. In 2023, US airlines saw a remarkable resurgence, catering to 862.8 million passengers on both domestic and international routes, rebounding from pandemic-induced setbacks. Data from the US Bureau of Transportation Statistics (BTS) underscored a particularly strong performance. In May 2023, the US airlines transported 81.8 million passengers, including 10.4 million international travelers, marking a 7.7% increase in enplanements from the previous year.
Moreover, airports are bolstering their infrastructure to accommodate electric ground vehicles in tandem with ground handling systems. As part of the new terminal project at Kansas City International Airport, the Kansas City Aviation Department revealed plans for the first wireless vehicle charging system at a US airport. This cutting-edge technology is designed to enhance the range of electric buses, negating the necessity for dedicated charging stations or disrupting bus services for recharging. With such forward-looking initiatives and a growing appetite for enhanced ground-handling operations, the region's market is on track for acceleration.
Airport Ground Handling Systems Industry Overview
The airport ground handling systems market exhibits significant fragmentation, primarily due to the presence of numerous local players offering a diverse array of ground handling solutions. Key market players, including Cavotec SA, JBT Corporation, Textron Inc., Air T Inc., and Alvest Holding SAS, dominate the landscape.
Key players are increasingly opting for strategic acquisitions, partnerships, and local manufacturing setups to fortify their market positions. As airports shift toward electric ground handling systems, manufacturers ramp up innovation and test new eco-friendly equipment to boost their market shares. A notable example is Lufthansa LEOS, a subsidiary of the Lufthansa Group, which, in March 2022, made waves as the launch customer for Goldhofer's Phoenix E, an all-electric towbar-less aircraft tractor. This cutting-edge, battery-powered vehicle can handle an impressive 352 metric tons. Moreover, in recent years, airlines and ground-handling service providers have been teaming up with manufacturers to roll out electric ground-handling systems, a move set to drive their growth in the coming years.
Airport Ground Handling Systems Market Leaders
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Cavotec S.A.
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Textron Inc.
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JBT Corporation
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Air T, Inc.
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Alvest Holding SAS
*Disclaimer: Major Players sorted in no particular order
Airport Ground Handling Systems Market News
June 2024: Worldwide Flight Services (WFS), a part of the SATS Group, bolstered its collaboration with American Airlines in Europe. This partnership was solidified through a fresh cargo handling contract in Copenhagen. The move aimed to facilitate American Airlines' new daily Boeing 787 flights, connecting Denmark to its transatlantic hub in Philadelphia. WFS's role in Europe already encompasses managing American Airlines' escalating cargo operations in key countries, including France, Germany, Ireland, Italy, the Netherlands, Spain, and the United Kingdom.
February 2024: Menzies Aviation inked a significant deal with Air Serbia. The agreement, marking Menzies' largest venture in Eastern Europe, kicked off in February 2024. As part of this deal, Menzies' local teams are set to oversee over 22,000 turns at Belgrade Nikola Tesla Airport in the inaugural year.
Airport Ground Handling Systems Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers/Consumers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Aircraft Handling
- 5.1.2 Passenger Handling
- 5.1.3 Cargo and Baggage Handling
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5.2 Power Source
- 5.2.1 Non-electric
- 5.2.2 Electric
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 France
- 5.3.2.3 Germany
- 5.3.2.4 Italy
- 5.3.2.5 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 India
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Brazil
- 5.3.4.2 Rest of Latin America
- 5.3.5 Middle East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 United Arab Emirates
- 5.3.5.3 South Africa
- 5.3.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Cavotec SA
- 6.2.2 JBT Corporation
- 6.2.3 ADELTE Group SL
- 6.2.4 Alvest Holding SAS
- 6.2.5 Textron Inc.
- 6.2.6 Tronair Inc.
- 6.2.7 Mallaghan Engineering Ltd
- 6.2.8 MULAG Fahrzeugwerk
- 6.2.9 Vestergaard Company
- 6.2.10 Air T Inc.
- 6.2.11 Weihai Guangtai Airport Equipment Co. Ltd
- *List Not Exhaustive
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6.3 Other Companies
- 6.3.1 Kalmar Motor AB
- 6.3.2 MOTOTOK INTERNATIONAL GMBH
- 6.3.3 Daifuku Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Airport Ground Handling Systems Industry Segmentation
Aircraft ground handling systems include equipment used to offer services to an aircraft while on the ground and parked at a terminal gate.
The market is segmented by type, power source, and geography. Based on type, the market is segmented into aircraft handling, passenger handling, and cargo and baggage handling. Based on power sources, the market is divided into non-electric and electric. The market does not include military cargo and baggage handling equipment. The report covers the market sizes and forecasts for the airport ground and cargo handling services market in major countries across different regions. For each segment, the market sizes and forecasts are provided in terms of value (USD).
| Type | Aircraft Handling | |
| Passenger Handling | ||
| Cargo and Baggage Handling | ||
| Power Source | Non-electric | |
| Electric | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Middle East and Africa | Saudi Arabia |
| United Arab Emirates | ||
| South Africa | ||
| Rest of Middle East and Africa |
Airport Ground Handling Systems Market Research FAQs
How big is the Airport Ground Handling Systems Market?
The Airport Ground Handling Systems Market size is expected to reach USD 42.10 billion in 2024 and grow at a CAGR of 7.71% to reach USD 61.04 billion by 2029.
What is the current Airport Ground Handling Systems Market size?
In 2024, the Airport Ground Handling Systems Market size is expected to reach USD 42.10 billion.
Who are the key players in Airport Ground Handling Systems Market?
Cavotec S.A., Textron Inc., JBT Corporation, Air T, Inc. and Alvest Holding SAS are the major companies operating in the Airport Ground Handling Systems Market.
Which is the fastest growing region in Airport Ground Handling Systems Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Airport Ground Handling Systems Market?
In 2024, the Asia Pacific accounts for the largest market share in Airport Ground Handling Systems Market.
What years does this Airport Ground Handling Systems Market cover, and what was the market size in 2023?
In 2023, the Airport Ground Handling Systems Market size was estimated at USD 38.85 billion. The report covers the Airport Ground Handling Systems Market historical market size for years: . The report also forecasts the Airport Ground Handling Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Airport Ground Handling Systems Industry Report
Statistics for the 2024 Airport Ground Handling Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Airport Ground Handling Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
