Global Airport Handling Services Market 2018-2022 | Increasing Infrastructure Developments Drive Growth | Technavio
LONDON--(BUSINESS WIRE)--Oct 3, 2018--The global airport handling services market research report by Technavio predicts the market to post a CAGR of close to 5% during the period 2018-2022.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181003005474/en/
Technavio has published a new market research report on the global airport handling services market for the period 2018-2022. (Graphic: Business Wire)
One of the key drivers for the global airport handling services market is the increase in infrastructure development in the aviation industry. During the forecast period, the number of air travelers is anticipated to grow at a CAGR of 4-5%. The congestion in airports is rising with the increase in number of air travelers. Hence, many countries are investing in airport infrastructure to improve the passenger and cargo carrying capacity of the airports.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the collective pooling of airside equipment will be one of the key trends in the global airport handling services market:
Global airport handling services market: Collective pooling of airside equipment
To deliver different ground handling services at the airport, the vendors require ground handling equipment. The airport ground support equipment is generally leased or owned by ground handlers and stored at the airport terminals. At times, the number of equipment stored at the terminal is much more than the actual requirement, which leads to a cost burden for the vendors. Hence, the airlines, airports, and ground handlers are taking initiatives to ensure cost and capacity-efficient airport operations.
“The airports have introduced a new concept of collective pooling of airside equipment to increase their efficiency. In 2017, the London Luton Airport along with two ground handling companies, Menzies Aviation, and Swissport International, and one ground handling equipment provider, TCR, announced an initiative in the UK that included the collective pooling of airside equipment,” says a senior analyst at Technavio for research on transportation and distribution.
Global airport handling services market: Segmentation analysis
This airport handling services market analysis report segments the market by service (ground and station handling services and cargo handling services) and geography (the Americas, APAC, and EMEA).
APAC led the market in 2017 with close to 41% of the market share, followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005474/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: TRANSPORT AIR
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 10/03/2018 08:28 AM/DISC: 10/03/2018 08:28 AM