United States Airport Ground and Cargo Handling Services Market Size, Share, and COVID-19 Impact Analysis, By Services (Passenger Handling, Baggage Handling, Cargo and Mail Handling, Aircraft Handling, Ramp Handling, and Others), By Airport Type (Domestic and International), By Infrastructure Type (Greenfield Airport and Brownfield Airport), and US Airport Ground and Cargo Handling Services Market Insights Forecasts to 2032
Industry: Aerospace & DefenseUnited States Airport Ground and Cargo Handling Services Market Insights Forecasts to 2032
- The United States Airport Ground and Cargo Handling Services Market Size Was Valued at USD XX Billion in 2022.
- The Market Size is Growing at a CAGR of 10.1% from 2022 to 2032.
- The United States Airport Ground and Cargo Handling Services Market Size is Expected to Reach USD XX Billion by 2032.
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The United States Airport Ground and Cargo Handling Services Market Size is Expected to Reach USD XX Billion by 2032, at a CAGR of 10.1% during the forecast period 2022 to 2032.
Market Overview
Airport ground and cargo handling services refer to taking care of aircraft at the terminal. Services include baggage handling, passenger handling, catering, ramp handling, and more. Ground handling allows flights to take off and land on time, ensuring that all boarding cards are issued correctly and that bags are security checked and loaded onto the right aircraft. Increasing air traffic worldwide and developing new airports in developing countries are expected to drive the demand for these services during the forecast period. The need to create sustainable and eco-friendly airports to minimize aviation's impact on the environment, promote environmental practices, and recognize major stakeholders in promoting eco-friendly airport operations is a recent rising trend in the aerospace industry. Adoption of green airports and low-emission ground support equipment are key market trends. For example, in August 2022, Breeze Airways announced that the green international airport of Rhode Island T.F. would become the airline's base of operations in 2023.
Report Coverage
This research report categorizes the market for the United States 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 United States airport ground and cargo handling services 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 United States airport ground and cargo handling services market.
United States Airport Ground and Cargo Handling Services Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2022 |
Market Size in 2022: | USD XX Billion |
Forecast Period: | 2022-2032 |
Forecast Period CAGR 2022-2032 : | 10.1% |
2032 Value Projection: | USD XX Billion |
Historical Data for: | 2018-2021 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Services, By Airport Type, By Infrastructure Type |
Companies covered:: | McCollister’s Transportation Group, Swissport International AG, Alliance Ground International, Presidential Limousine Service, Airport-technology.com, Fraport AG, and Other Key Vendors. |
Pitfalls & Challenges: | COVID-19 Empact,Challenges, Future, Growth, & Analysis |
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Driving Factors
The demand for new airports in United States is expected to rise increased government investment and modernization of older airports are expected to drive growth of United States airport ground and cargo handling services market. In the coming years, the development of new airports and the modernization of existing airports will improve the customer experience. Furthermore, increased demand for upgraded air traffic control systems, increased gate capacity, and longer runways are expected to drive industry growth. Airport expansion projects around the world would increase demand for low-cost ground handling and freight facilities and services. Increased investments, mergers, and acquisitions by market leaders to accelerate market growth. The presence of various service providers in the country allows companies to maintain their market reputation. It becomes an obligation for businesses to keep up with market trends and to continue innovating, investing, and acquiring in order to remain competitive. These factors increase the market share of airport ground and cargo handling services in the United States.
Restraining Factors
Lifting injuries, contact with moving vehicles, and aircraft collisions with ground treatment equipment are all potential risks associated with operating ground treatment equipment. Furthermore, refueling and the risk of refueling can result in spills or fuel fires due to equipment failure, improper procedures, and distraction. As a result, the replacement of airport systems on a regular basis due to operational risk and the limited life of ground processing equipment could stymie market growth.
Market Segment
- In 2022, the baggage handling segment is expected to hold the largest share of the United States airport ground and cargo handling services market during the forecast period.
Based on the service, the United States airport ground and cargo handling services market is classified into passenger handling, baggage handling, cargo and mail handling, aircraft handling, ramp handling, and others. Among these, the baggage handling segment is expected to hold the largest share of the United States airport ground and cargo handling services market during the forecast period. This is due to increased airport security concerns as well as technological advances in OEM baggage handling systems. Meanwhile, rising demand for aircraft unloading, pushback, loading planning, shunting, surface maintenance, and airport transportation fuels demand for ramp processing services.
- In 2022, the domestic segment accounted for the largest revenue share over the forecast period.
Based on the airport type, the United States airport ground and cargo handling services market is segmented into domestic and international. Among these, the domestic segment has the largest revenue share over the forecast period. The rise in domestic flights is expected to drive segmental growth owing to increased development in business, tourism, and other sectors.
In 2022, the brownfield airport segment accounted for the largest revenue share over the forecast period.
Based on the infrastructure type, the United States airport ground and cargo handling services market is segmented into greenfield airport and brownfield airport. Among these, the brownfield airport segment has the largest revenue share over the forecast period. This growth can be attributed to increased spending on airport modernization and expansion in the United States.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the United States 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 & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- McCollister’s Transportation Group
- Swissport International AG
- Alliance Ground International
- Presidential Limousine Service
- Airport-technology.com
- Fraport AG
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In October 2022, Swissport International AG, a Switzerland-based airline company, assisted Oman's airline- Salam Air, in cargo handling at Muscat International airport. This was the only cargo flight by an Oman-based airline. Swissport International AG was responsible for the cargo handling of this inaugural flight.
- In December 2022, The International Air Transport Association (IATA) announced a transition to investing in advanced ground support equipment (GSE). This transition is expected to reduce the cost of damage and improve overall safety. Enhanced GSE uses inching and anti-collision technology, increases docking accuracy, and improves vehicle control, all of which minimize the risk of damaging aircraft and personnel injuries.
Market Segment
This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented the United States airport ground and cargo handling services market based on the below-mentioned segments:
United States Airport Ground and Cargo Handling Services Market, By Services
- Passenger Handling
- Baggage Handling
- Cargo and Mail Handling
- Aircraft Handling
- Ramp Handling
- Others
United States Airport Ground and Cargo Handling Services Market, By Airport Type
- Domestic
- International
United States Airport Ground and Cargo Handling Services Market, By Infrastructure Type
- Greenfield Airport
- Brownfield Airport
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