Global Airport Ground and Cargo Handling Services Market Size Expands at CAGR of 7.17% to Surpass USD 64.11 Billion by 2030

Global Airport Ground and Cargo Handling Services Market is flourishing because of the growth in air passenger traffic worldwide and airport infrastructure development and expansion.

Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated the Global Airport Ground and Cargo Handling Services Market size at USD 37.66 billion in 2023. During the forecast period between 2024 and 2030, Report Ocean expects the Global Airport Ground and Cargo Handling Services Market size to expand at a CAGR of 7.17% reaching a value of USD 64.11 billion by 2030. The thriving aviation industry as a result of expanding passenger and cargo volumes, as well as the rising number of new airports being built, are significant growth factors for the global airport ground and cargo handling services market. Furthermore, during the period in analysis, the Global Airport Ground and Cargo Handling Services Market is expected to witness lucrative growth opportunities due to the growing incorporation of cutting-edge technologies like automation and the Internet of Things (IoT).

Opportunity: Flourishing domestic air travel

The Global Airport Ground and Cargo Handling Services Market is segmented into domestic and international, based on airport type. The domestic airport segment holds a larger share in the Global Airport Ground and Cargo Handling Services Market owing to the increasing number of domestic flights. Air travel is a primary mode of travel within the country, in many countries, such as the United States and Japan. However, the international segment is anticipated to register a higher growth rate over the forecast period, with increasing traffic in tourist destinations, such as London, Dubai, and Maldives.

Impact of Escalating Geopolitical Tensions on Global Airport Ground and Cargo Handling Services Market

The escalating geopolitical tensions are restricting the growth of the Global Airport Ground and Cargo Handling Services Market. The conflicts and wars in across region limited air travel due to a dramatic spike in airfares as a result of higher fuel costs and longer routes. Trade sanctions imposed by several countries on Russia due to its invasion of Ukraine disrupted the oil and gas supply industry as well as cargo shipments, which hindered airport ground operations, negatively impacting market growth.

Global Airport Ground and Cargo Handling Services Market

Segmental Coverage

Global Airport Ground and Cargo Handling Services Market - By Infrastructure Type

Based on infrastructure type, the Global Airport Ground and Cargo Handling Services Market is segmented into greenfield airports and brownfield airports. The brownfield airport segment accounts for a higher market share. The growth of the market is mainly attributed to the presence of airports in mainly urban regions, rising investments in airport renovations, and the development of smart airport infrastructure. However, the greenfield airport segment is also growing at a substantial rate owing to the increasing number of airports in undeveloped regions.

Global Airport Ground and Cargo Handling Services Market - By Region

The in-depth research report on the Global Airport Ground and Cargo Handling Services Market covers a number of country-specific markets across five major regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa. North America dominates the Global Airport Ground and Cargo Handling Services Market owing to the high concentration of several major airports and rising investment in airport modernization. However, the Asia Pacific region is anticipated to register the highest growth rate during the forecast period. The infrastructure development in emerging economies, such as India and Vietnam, and increasing airport construction are anticipated to boost the demand for airport ground and cargo handling services market.

Competitive Landscape

Major players operating in the Global Airport Ground and Cargo Handling Services Market include Flughafen M?nchen GmbH, Menzies Aviation Limited, Dnata, Worldwide Flight Services (WFS), SATS Ltd, Fraport AG, Swissport International AG, Aviapartner, ?elebi Aviation Holding, Alliance Ground International, Bollore Logistics, DHL Global Forwarding, AHS Aviation Handling Services GmbH, Luftfracht Umschlag GmbH (LUG), Vanderlande, TCR Group, John Bean Technologies Corporation, and ADELTE Group S.L.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Airport Ground and Cargo Handling Services Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Airport Ground and Cargo Handling Services Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.