Market Size of North America Ground Handling System Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.45 Billion |
| Market Size (2029) | USD 2.87 Billion |
| CAGR (2024 - 2029) | 14.70 % |
| Market Concentration | Low |
Major Players.webp "North America Ground Handling System Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Ground Handling System Market Analysis
The North America Ground Handling System Market size is estimated at USD 1.45 billion in 2024, and is expected to reach USD 2.87 billion by 2029, growing at a CAGR of 14.70% during the forecast period (2024-2029).
The aviation sector has been affected greatly due to the slump in demand among travelers and the travel restrictions imposed by many countries due to the COVID-19 pandemic. As aircraft movements decreased, the demand for airport ground handling services was significantly affected, affecting the airport ground handling systems market in 2020. However, the notable increase in passenger traffic and aircraft movements in 2021 supported the ground handling systems market revival.
The growth in the demand for air travel and aerial connectivity has driven the airlines to introduce new routes and increase flight movements to cater its growing demand. New airport constructions and expansions are also helping the procurement of airport ground handling systems.
The aviation industry is emerging out of the pandemic, and several aviation authorities are increasing their emphasis on modernizing the airspaces and ground management systems. The existing technologies in the market are expected to be upgraded or replaced with modern technologies in the next five years, as major transformation projects are yet to be completed during the forecast period.
The market is highly dominated by a few major players operating in several airports in North america. Consolidation is high among ground-handling service providers to extend their market presence in the north america. To expand operations on a global scale, ground-handling service providers are expected to focus on the procurement of advanced ground-handling equipment during the forecast period.
With many airlines increasing their emphasis on carrying out as many trips as possible in a day, efforts are being made to reduce the turnaround time of the aircraft. This can be done by installing more ground support equipment in airports to complete the processes faster. Also, the focus on efficiency may help increase the demand for newer, advanced, and more efficient ground-handling equipment in the years to come.
North America Ground Handling System Industry Segmentation
The North America aircraft ground handling systems include equipment used to offer services to an aircraft while it is on the ground and parked at a terminal gate. The market is segmented by type and power source. 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 report also covers the market size and forecasts for the market in major countries across the region. The market sizing and forecasts have been provided in value (USD billion). The market does not include military cargo and baggage handling equipment.
| By Type | |
| Aircraft Handling | |
| Passenger Handling | |
| Cargo and Baggage Handling |
| By Power Source | |
| Non-electric | |
| Electric |
| By Country | |
| United States | |
| Canada |
North America Ground Handling System Market Size Summary
The North America Ground Handling System Market is poised for significant growth, driven by the resurgence of the aviation sector post-pandemic. The market is experiencing a revival due to increased passenger traffic and aircraft movements, which have prompted airlines to expand routes and flight frequencies. This expansion is further supported by new airport constructions and expansions, necessitating the procurement of advanced ground handling systems. The aviation industry's recovery has led to a focus on modernizing airspaces and ground management systems, with existing technologies expected to be upgraded or replaced over the forecast period. The market is characterized by a few dominant players, with high consolidation among ground-handling service providers aiming to enhance their market presence in North America.
The demand for efficient ground handling systems is being propelled by the rise in air passenger traffic, e-commerce, and industrial development in the region. Airports are increasingly investing in digitalized technologies to streamline baggage, cargo, and passenger handling processes, aiming to reduce operational lead times and expand facilities. The United States, in particular, is witnessing significant investments in airport infrastructure and technological enhancements, driving the demand for ground handling systems. The market is fragmented, with key players like Textron Ground Support Equipment Inc., BEUMER Group, and JBT Corporation leading the charge. The development of eco-friendly products is also expected to capture a larger market share, aligning with the trend towards green airports.
North America Ground Handling System Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Porters Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Aircraft Handling
-
2.1.2 Passenger Handling
-
2.1.3 Cargo and Baggage Handling
-
-
2.2 By Power Source
-
2.2.1 Non-electric
-
2.2.2 Electric
-
-
2.3 By Country
-
2.3.1 United States
-
2.3.2 Canada
-
-
North America Ground Handling System Market Size FAQs
How big is the North America Ground Handling System Market?
The North America Ground Handling System Market size is expected to reach USD 1.45 billion in 2024 and grow at a CAGR of 14.70% to reach USD 2.87 billion by 2029.
What is the current North America Ground Handling System Market size?
In 2024, the North America Ground Handling System Market size is expected to reach USD 1.45 billion.
