What is Ground Cargo Handling Services?
The term "ground cargo handling services" refers to the care and maintenance of airplanes while they are parked at a terminal. Passenger and Baggage Handling, Cargo and Mail Handling, Aircraft Handling, and Ramp Handling are among the services provided. In the anticipated period, rising air traffic around the world and an increasing number of new airports in developing nations would help to boost the worldwide ground cargo handling industry. During the forecast period, the construction of new airports, expansion of existing airports, and privatization of airports are projected to boost the growth of the airport Ground Cargo Handling Services market.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 9.1% |
Analysts at AMA Research estimates that Manufacturers from European will contribute to the maximum growth of Global Ground Cargo Handling Services market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Havaş Ground Handling Co. (Turkey), Swissport International AG. (Switzerland), Fraport AG (Germany), Glamco Aviation (Brunei Darussalam), PrimeFlight Aviation Services (United States), dnata (Arab Emirates), Menzies Aviation (Scotland), Bird Group (India), Çelebi Aviation (Turkey) and Signature Aviation Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Worldwide Flight Services (France), Aviapartner (Belgium) and SATS Ltd. (Singapore).
Segmentation Overview
AMA Research has segmented the market of Global Ground Cargo Handling Services market by and Region. On the basis of Type, Cargo and Mail Handling are dominating the market in the year 2021
On the basis of geography, the market of Ground Cargo Handling Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. If we see Market by Infrastructure, the sub-segment i.e. Greenfield will boost the Ground Cargo Handling Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Baggage Handling will boost the Ground Cargo Handling Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Airport Type, the sub-segment i.e. Domestic will boost the Ground Cargo Handling Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In July 2021, Swissport is proud to officially announce the launch of its new corporate website. The website features a sleek, appealing design with enhanced service features and easy access to information to help visitors navigate the vast portfolio of aviation ground services offered by Swissport.
In June 2021, dnata, has partnered with Kale Logistics Solutions to develop a next-generation e-commerce platform for the cargo community in the UAE. The partnership will see the two companies take dnata’s existing platform, CALOGI to a new level to provide best-in-class, one-stop services, including appointment and customs service’s management, to customers through advanced digital solutions
Market Drivers
- Growing Automation in Ground Cargo Handling Service
- Well Developed Airport Infrastructure
Opportunities
- Increasing Adoption of “Buy and Build” Strategies by Market Leaders
- Increasing Investments in Airport Modernization
Restraints
- Overcoming the Challenges of Growing Air Traffic
- Reducing Damage during Cargo Handling & Dearth of Warehouse Capacity
Challenges
- Security Concern regarding Cargo Handling Services
Analyst View
According to a recent study, the pandemic may have sped up the global shift to eCommerce by five years. Some freight-focused airports, such as East Midlands Airport (EMA), are in a position to benefit from the market shift; as e-commerce volumes increased during the pandemic, freighter movements through the airport were also boosted by the sudden decline in cargo space offered by far fewer passenger flights. In general, the pandemic has harmed Europe's air cargo business, which normally produces just under a quarter of the world's overall tonnage; total demand was down 13.4% year on year in November 2020, according to latest figures. A similar drop was observed in the Asia Pacific area, the world's largest market when demand plummeted by 10.6% in November. In November, the Middle East, which accounts for nearly a third of the global market, fared slightly better, with volumes falling by only 2.3 percent year on year. Therefore, the global Ground Cargo Handling Services market is expected to witness a huge decline in its y-o-y growth during the FY-2020 compared to FY 2019 which is again expected to regain its positive growth in FY 2021
Key Target Audience
Service Providers, Wholesalers, Distributors, and Retailers of Superfoods, Governmental Bodies, Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.