|By PR Newswire||
|March 11, 2014 11:00 PM EDT||
DUBLIN, March 12, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/pvds4j/aircraft_ground) has announced the addition of the "Aircraft Ground Handling System Market - Global Forecasts and Analysis to 2014 - 2019" report to their offering.
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The aircraft ground handling system market is estimated to be $347.50 billion in 2014, and is expected to grow at a CAGR of 5.62% to reach $456.76 billion by 2020.The key drivers accountable for the growth of the ground handling system market are increase in number of airports, terminal expansions, and up-gradation of airports.
The aircraft ground handling system broadly comprises of all those services required by an aircraft between landing and take-off. An example for these services would be aircraft marshaling, loading, unloading, refueling, baggage-handling, passenger-handling, and aircraft maintenance, etc. An airline may choose to provide services for them (self-handling), or may enter into contracts with another company (third party handling), be it an airline or a dedicated ground handling company.
Aircraft fleets are estimated to increase in the Middle East, with airport expansion plans, and order backlogs of commercial aircraft and business jets. However, the market for ground handling system across airports in the Middle East is predominantly facing the challenges that relate to imbalances in the future demand and supply. The Middle Eastern market for aircraft ground handling is expected to experience a robust growth due to the order backlogs coupled with a minimal impact of the economic slowdown of domestic passengers and air traffic.
Singapore, Malaysia, and Hong Kong are the main airports in Asia-Pacific, where most of the business jet movements occur. These airports are expected to gradually expand due to the growing traffic. Infrastructural up-gradation will provide more service providers with an opportunity to cater to the airlines and business jets across various segments, particularly the ground handling segments, as it generates constant revenue with every landing and take-off.
The U.S. represents the largest market for aircraft ground handling systems. The ramp handling segment represents the largest market, supported by the need for aircraft marshaling on ground, parking assistance, aircraft towing, pushback, provision, and operation of necessary units to start the engine, and for safe passenger conveyance, boarding and unboarding. The biggest challenge for the aircraft ground handling system market will be the optimization of operations during peak time, poor quality of equipment, and constant security up-gradation by security agency.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Market Dynamics
5 Trend Analysis
6 Market Forecast
7 Geography Analysis
8 Competitive Landscape
9 Company Profile
- Aero Specialties
- Aviapartner Nv
- Bharat Earth Movers Limited
- Bliss-Fox Ground Support Equipment
- Gate Gse
- Imai Aero-Equipment Mfg. Co., Ltd
- Jbt Aerotech
- Mallaghan Engineering Ltd.
- Oceania Aviation Ltd.
- Saab Group
- Weihai Guangtai Airports Equipment Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/pvds4j/aircraft_ground
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets