DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/j6jztl/growth) has announced the addition of the "Growth Opportunities in Global Aircraft Handling Service Industry 2015-2020: Trends, Forecast, and Market Analysis" report to their offering.
The global aircraft handling service industry is forecast to grow at a CAGR of 4.6% from 2015 to 2020.
According to this new market report the future of the global aircraft handling service industry looks strong with opportunities in the operation of the fueling segment, the runway maintenance segment, and the ramp service segment. The major drivers of growth for this market are construction of new airports, increasing aircraft movements, and technological advancements. Growing liberalization, increasing participation of private players, and rising air passenger traffic are additional factors contributing to accelerated growth.
In this market, ramp services, runway maintenance, operation of fueling, and aircraft de-icing are some of the major segments of aircraft handling services. The ramp service segment is the largest segment by service type and is expected to remain the same during the forecast period. The author predicts that the demand for the operation of the fueling segment is likely to experience the highest growth in the forecast period, supported by increasing investments in the infrastructural development of fueling facilities by industry players. On the basis of its comprehensive research, the author forecasts that the ramp service and runway maintenance segments are expected to show above average growth during the forecast period.
Within the aircraft handling service industry, the ramp service segment is expected to remain as the largest market. Increasing frequency of landing and taking-off of aircraft and rising numbers of airplane deliveries are expected to spur growth for this segment over the forecast period.
Europe is expected to remain the largest market due to the adoption of open skies policy and increasing aircraft movements. Asia Pacific and Rest of the World are expected to witness significant growth over the forecast period because of ongoing expansion in the trade and tourism industry, setting up of new airports, and increasing passenger traffic.
For market expansion, the report suggests innovation and new service development, where the unique characteristics of aircraft handling services can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost services for its customers.
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of de-icing management systems to improve the de-icing process, emergence of integrated fueling systems, and ground accident avoidance systems revolutionizing ramp and hangar safety services in emerging markets. BBA Aviation plc, Menzies Aviation, Fraport AG Frankfurt Airport Srvc Wrldwd, Japan Airport Terminal Co. Ltd., and SATS Ltd. are the major service providers in the aircraft handling service industry. Some companies are opting for joint venture and M&A as strategic initiatives for driving growth.
Key Topics Covered:
1. Executive Summary
2. Aircraft Handling Service Industry Background and Classifications
3. Industry Trend and Forecast Analysis
4. Competitor's Analysis
5. Growth Opportunity & Strategic Analysis
6. Company Profiles of Leading Players
- BBA Aviation plc
- Menzies Aviation
- Fraport AG, Frankfurt Airport Srvc Wrldwd
Japan Airport Terminal Co. Ltd.,
- SATS Ltd.
For more information visit http://www.researchandmarkets.com/research/j6jztl/growth