Market Share of Airport Ground Handling Systems Industry
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
