Aircraft Ground Handling System Market by Application Expected To Reach $456.76 Million By 2019 - PowerPoint PPT Presentation

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Aircraft Ground Handling System Market by Application Expected To Reach $456.76 Million By 2019

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The ground handling management market will also impact the frequency of flights, which would in turn, increase passenger traffic, and generate revenues. – PowerPoint PPT presentation

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Title: Aircraft Ground Handling System Market by Application Expected To Reach $456.76 Million By 2019


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MarketsandMarkets Presents
Aircraft Ground Handling System Market by
Application Expected To Reach 456.76 Million By
2019
http//www.marketsandmarkets.com/Market-Reports/a
ircraft-ground-handling-system-market-264041553.ht
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According to a new market research report
"Aircraft Ground Handling System
Market (Passenger Ground Handling Equipment,
Cargo Ground Handling Equipment, Aircraft Ground
Handling Equipment, by Product, Application
Geography) - Global Forecasts and Analysis to
2014 - 2019,"The global aircraft ground handling
system market is estimated to be valued at
347.50 million in 2014, and is expected to reach
456.76 Million by 2019. Browse more than 53
market data tables with 29 figures spread through
165 pages and in-depth TOC on Aircraft Ground
Handling System Market Global Forecasts and
Analysis to 2014 2019 http//www.marketsandma
rkets.com/Market-Reports/aircraft-ground-handling-
system-market-264041553.html

            

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The report analyzes the aircraft ground handling
market in cargo, aircraft, and passenger ground
handling system applications. The passenger
ground handling sub-segment is expected to have
the highest CAGR of 5.40 as compared to other
sub-segments. The region-wise analysis includes
application-wise segmentation and product-wise
segmentation across mature and emerging markets.
This market is estimated to have the highest CAGR
in the Middle East. This region is expected to
grow at a CAGR of 7.03. The ground handling
system market in Asia-Pacific and Latin America
are expected to show consistent levels of growth
during the forecast period. 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.
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India and China are estimated as new growth
regions and possess many opportunities for the
aircraft ground handling system market, due to
the large population, increase in urbanization,
and are vast by area, leading to extensive
domestic traveling. The ramp handling segment is
one of the largest segments in the aircraft
ground handling system market, as it provides
services such as aircraft marshaling, parking
assistance, aircraft towing, operation of
necessary units for engine ignition, and safe
passenger movement. The ramp handling segment is
estimated to increase at a CAGR of 5.62 until
2019. Increase in the number of passengers and
increase in number of airlines is the main
driving factor for the passenger ground handling
segment. In the forecast period from 2014-2019,
the growth of ground handling equipment market is
estimated to grow at CAGR of 5.62. In
Asia-Pacific, the Middle East, and Latin America,
there is an increase in aviation activity in the
form of air travel, expansions, and upgradation.
Passenger ground handling equipment includes
passenger baggage handling, passenger stairs, and
passenger bus. The growth of passenger baggage
handling is totally dependent upon the increase
of number of passengers using air travel.
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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 de-boarding. 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. Undoubtedly, in todays world,
the aviation industry is the fastest growing
industry. Travelers prefer air travel due to
extensively growing aircraft fleets, enormous
facilities, and the luxury that come with it.
This has extended the growth in the ground
handling services business, which plays a very
precious role in offering ease of travel to
passengers. Global liberalization has increased
the air traffic enormously, which opened up
opportunities for ground handling in Europe and
led to the growth of the ground handling market.
Also, the improvement in the security and safety
standards in ground handling has provided a pace
to the ground handling system market, globally.
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ircraft-ground-handling-system-market-264041553.ht
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The competitive analysis includes the market
share of companies in this market. The impact of
drivers and restraints are analyzed and their
impact on this market throughout the study period
is given to provide an in-depth insight of the
market. Technology and industry trends are also
discussed, which will provide competitive market
intelligence, related to advanced technology and
joint ventures amongst the ground handling system
providers.
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About MarketsandMarkets
MarketsandMarkets is a global market research and
consulting company based in the U.S. We publish
strategically analyzed market research reports
and serve as a business intelligence partner to
Fortune 500 companies across the
world. MarketsandMarkets also provides
multi-client reports, company profiles,
databases, and custom research services. They
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telecommunications and IT. We at
MarketsandMarkets are inspired to help our
clients grow by providing apt business insight
with our huge market intelligence repository.
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