LONDON--(BUSINESS WIRE)--Sep 9, 2020--
The global airport handling services market is expected to grow by USD 43.06 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 5%.
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Technavio has announced its latest market research report titled Global Airport Handling Services Market 2020-2024 (Graphic: Business Wire).
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Read the 120-page report with TOC on "Airport Handling Services Market Analysis Report by Service (GSHS and CHS), Geography (APAC, North America, Europe, MEA, and South America), and the Segment Forecasts, 2020-2024".
The market is driven by increasing infrastructure developments in the aviation industry. In addition, the collective pooling of air side equipment is anticipated to boost the growth of the airport handling services market.
The growing number of air travelers worldwide has significantly increased congestion in airports. This is compelling many countries to invest in airport infrastructure development projects to enhance the passenger and cargo-carrying capacity of airports. For instance, in 2018, under the UDAN scheme, the Government of India announced its plans to invest USD 60 billion to double the number of airports in the country by adding 100 new airports. Similar investments are being made in countries such as China, Vietnam, and Italy to enhance air connectivity and cater to the growing demand for air travel. Many such developments are increasing the demand for airport handling services, which is driving the growth of the market.
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Major Five Airport Handling Services Companies:
Celebi Hava Servisi AS
Celebi Hava Servisi AS operates its business through segments such as Ground handling services and Cargo and warehouse services. The company offers various airport handling services such as a ramp, passenger traffic, warehouse and terminal operations, aircraft security services, cargo and mail, as well as load control and communication services.
Delta Air Lines Inc.
Delta Air Lines Inc. operates its business through segments such as Airline and Refinery. The company offers various airport handling services such as a ramp, passenger traffic, warehouse and terminal operations, aircraft security services, cargo and mail, as well as load control and communication services.
Fraport Group operates its business through segments such as Aviation, Retail & Real Estate, Ground Handling, and International Activities & Services. The company offers various airport handling services such as a ramp, passenger traffic' warehouse and terminal operations, aircraft security services, cargo and mail, as well as load control and communication services.
Signature Aviation plc
Signature Aviation plc operates its business through segments such as Signature and Discontinued operations. The company offers various airport handling services such as maintenance, repair, and overhaul, aircraft on ground (AOG) support, ramp access, fueling and fuel farm management, interior refurbishment, technical services, ground handling, inspections, and non-destructive testing.
Swissport International AG
Swissport International AG operates its business through the Airport handling products and services segment. The company’s airport handling services include passenger and ramp services, baggage services, gate and check-in, station management, crew administration, push-back, cabin cleaning, and de/anti-icing.
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Airport Handling Services Market Service Outlook (Revenue, USD Billion, 2020-2024)
Airport Handling Services Market Geography Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
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SOURCE: Technavio Research
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PUB: 09/09/2020 05:00 PM/DISC: 09/09/2020 05:00 PM