LONDON--(BUSINESS WIRE)--Technavio estimates the global airport handling services market to grow by USD 43.06 billion, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by the collective pooling of air side equipment. However, accidents and aircraft damages at airports due to human error might challenge growth.
Airport Handling Services Market: Service Landscape
Based on the service, the market saw maximum growth in the GSHS segment in 2019. The segment is driven by the wide range of services offered by vendors such as passenger services, check-in services, airport lounges, shower and smoking facilities in selected lounges, internet connectivity, entertainment, and VIP handling services. The market growth in the segment will be significant over the forecast period.
Airport Handling Services Market: Geography Landscape
52% of the market’s growth originated from APAC in 2019. Factors such as the expansion and construction of new airports and the increasing consumer preference for air travel are driving the growth of the market in APAC.
China is the critical market for airport handling services in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.
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Major Three Airport Handling Services Market Vendors:
Celebi Hava Servisi AS
Celebi Hava Servisi AS operates its business through segments such as Ground handling services and Cargo and warehouse services. The company offers a wide range of airport handling services such as a ramp, passenger traffic, warehouse and terminal operations, aircraft security services, cargo and mail, as well as load control and communication services.
Delta Air Lines Inc.
Delta Air Lines Inc. offers various airport handling services such as a ramp, passenger traffic, warehouse and terminal operations, aircraft security services, cargo and mail, as well as load control and communication services.
Fraport Group operates its business through segments such as Aviation, Ground Handling, and International Activities & Services. The company offers airport handling services such as loading, baggage, and passenger services through airmail and luggage transport and freight handling.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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