Asia Pacific Airport Ground and Cargo Handling Services Market Size, Share, and COVID-19 Impact Analysis, By Airport Type (International and Domestic), By Services Type (Passenger Handling, Cargo and Mail Handling, Baggage Handling, Ramp Handling, Aircraft Handling, and Others), By Infrastructure Type (Brownfield Airport and Greenfield Airport), and Asia Pacific (China, Japan, India, Rest of APAC), Airport Ground and Cargo Handling Services Market Insights, Industry Trend, Forecasts to 2033

Asia Pacific Airport Ground and Cargo Handling Services Market Insights Forecasts to 2033

• The Asia Pacific Airport Ground and Cargo Handling Services Market Size was estimated at USD 1.91 Billion in 2023.
• The Market is Growing at a CAGR of 11.30% from 2023 to 2033
• The Asia Pacific Airport Ground and Cargo Handling Services Market Size is Expected to Reach USD 5.57 Billion by 2033

The Asia Pacific Airport Ground and Cargo Handling Services Market is anticipated to reach USD 5.57 Billion by 2033, growing at a CAGR of 11.30% from 2023 to 2033.  

Market Overview

The market for airport ground and cargo handling services in the Asia Pacific region includes a variety of services that are required to operate effectively for airports. These services include baggage handling, passenger handling, and aircraft handling. The market has expanded to increase as a result of the growing domestic and international passenger transportation. Additionally, the market is attributed to the growing demand for airport ground and cargo handling services, leading regional market participants have increased their research and development expenditures to launch new services. In addition, the Asia Pacific market is being driven by significant investments in new airport projects in developing countries like India, which will increase the demand for better ground and cargo handling services at airports. Additionally, the market is being motivated by an increase in demand for AI-based interfaces at airports to improve customer experience and monitoring activities.  

Report Coverage

This research report categorizes the market for the Asia Pacific airport ground and cargo handling services market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific automotive air filter market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific airport ground and cargo handling services market.

Driving Factors

The market is expanding because of the increase in technological advancements, services provided to create the novel growth prospects in the field of green airport construction. The advanced ground support equipment is essential to the development of the green airport, and ITW GSE leads the market in GPUs, which are economical and energy-efficient while reducing emissions. In addition, it is expected that technological growth and electrification of trucks, vehicles, and airplanes, pushback tugs will reduce ground pollution and commercial threats. Furthermore, the expansion of e-commerce drives an increase in air cargo volume, growing the demand for dependable transformation solutions and cutting-edge ground handling infrastructure.

Restraining Factors

The Asia Pacific airport ground and cargo handling services market faces several challenges, such as upgrading and maintaining the infrastructure and equipment used for ground handling, which can be expensive. These costs include those for labor, fuel, and technological advancements. Additionally, market participants may face difficulties as a result of strict laws and compliance standards.  These laws often vary between nations, making operations more difficult.

Market Segmentation

The Asia Pacific airport ground and cargo handling services market share is classified into airport type, service type, and infrastructure type.

• The international segment accounted for a significant share in 2023 and is expected to grow at a CAGR of 9.32% during the forecast period.

Based on the airport type, the Asia Pacific airport ground and cargo handling services market is divided into international and domestic. Among these, the international segment accounted for a significant share in 2023 and is expected to grow at a CAGR of 9.32% during the forecast period. This segment is growing due to the rising demand for effective ground and cargo handling services at the region’s major international airports and the rise in international flights. Additionally, the expansion of international airline routes, the growth of global trade, and tourism are reasons for the dominance of this segment.

• The aircraft handling segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the service type, the Asia Pacific airport ground and cargo handling services market is divided into passenger handling, cargo and mail handling, baggage handling, ramp handling, aircraft handling, and others. Among these, the aircraft handling segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The market's expansion is mostly ascribed to the growing number of airports being built, the increased spending on infrastructure improvements, and the enhancement of airport operations. Additionally, during the forecast period, the aircraft handling segment is expected to be driven by an increasing emphasis on creating green airports.

• The brownfield airport segment accounted for the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected period.

Based on the infrastructure type, the Asia Pacific airport ground and cargo handling services market is divided into brownfield airport and greenfield airport. Among these, the brownfield airport segment accounted for the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected period. The market's expansion may be primarily ascribed to factors such as that airports are located primarily in urban areas, that investments in airport restorations are increasing, and that smart airport infrastructure is being developed.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific airport ground and cargo handling services market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Çelebi Nas Airport Services Pvt. Ltd.
• Japan Airport Ground Handling Co., Ltd.
• Bird Worldwide Flight Services
• Air India Air Transport Services Ltd.
• Hong Kong Airport Services
• Taoyuan International Airport Services
• LAS Goldair Handling
• Air China Group
• Jardine Aviation Services
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2024, Air India STAS Airport Services Ltd, a leading airport services company based in India, announced the opening of cargo handling services at Birsa Munda Airport, Ranchi, India.  

Market Segment

This study forecasts revenue at Asia Pacific, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Asia Pacific airport ground and cargo handling services market based on the below-mentioned segments:

Asia Pacific Airport Ground and Cargo Handling Services Market, By Airport Type

• International
• Domestic

Asia Pacific Airport Ground and Cargo Handling Services Market, By Services Type

• Passenger Handling
• Cargo and Mail Handling
• Baggage Handling
• Ramp Handling
• Aircraft Handling
• Others

Asia Pacific Airport Ground and Cargo Handling Services Market, By Infrastructure Type

• Brownfield Airport
• Greenfield Airport