Airport Ground Handling Market Expected to Touch $76.1 Billion by 2032, Driven by 9.2% CAGR Growth | AMR
OREGAON, PORTLAND, UNITED STATES, June 22, 2023/EINPresswire.com/ -- Allied Market Research published a report, titled, "Airport ground handling market by Service (Passenger Handling, Ramp Handling, Cargo Handling, and Others), by Airport (Domestic, and International), by Provider (Independent, Airlines, and Airports): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global airport ground handling industry generated $31.8 billion in 2022 and is anticipated to generate $76.1 billion by 2032, witnessing a CAGR of 9.2% from 2023 to 2032.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ : https://www.alliedmarketresearch.com/request-sample/5585
The rise in demand for air travel, the expansion of airline fleets, and the surge in demand for air cargo services are expected to drive the growth of the market. Moreover, the U.S. invests in upgrading its airports and modernizing the infrastructure of airports. For instance, in February 2023, the U.S. awarded $1 billion in federal funds for various upgrades to infrastructure including terminals, security screening and baggage systems, access roads, and air traffic control towers. Such developments lead to increased demand for more advanced and efficient ground-handling services which further drive the growth of the market.
The market for airport ground handling in Canada has grown steadily owing to factors such as increased air traffic, a rise in demand for freight transportation, and the need for efficient and cost-effective ground handling services. Moreover, there is a rise in demand for ground handling facilities to provide cargo handling services to airports in Canada. For instance, in March 2022, Air Canada announced the completion of Air Canada Cargo's new cold chain handling facility at the Cargo Facility at Toronto Pearson International Airport.
The $16 million project was implemented to expand and improve Air Canada Cargo's cold chain processing capacity for cargo suclh as pharmaceuticals, perishables, and other perishables. In addition, ground handling service providers secure licenses to provide ground handling services to large Canadian airports. For instance, in March 2023, Menzies Aviation received a contract to provide full suite of ground services such as ramp, passenger and cabin cleaning services for Montreal-Trudeau International Airport (YUL). Therefore, such developments are expected to propel the expansion of the market in the country during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/airport-ground-handling-market/purchase-options
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Fraport AG
Qatar Airways
SATS Ltd
Aviapartner
Swissport International AG
The Emirates Group
Flughafen Mรผnchen GmbH
Menzies Aviation Limited
Celebi Aviation
AOT Ground Aviation Services Co., Ltd.
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By service, the cargo handling segment is anticipated to exhibit significant growth in the near future.
By airport, the international segment is anticipated to exhibit significant growth in the near future.
By provider, the independent segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ : https://www.alliedmarketresearch.com/purchase-enquiry/5585
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ข๐ซ๐ฉ๐จ๐ซ๐ญ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ :
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David Correa
Allied Analytics LLP
+ 1-800-792-5285
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