Rising number of airlines and airports with improved security standards and facilities is expected to drive market demand over the forecast period.
San Francisco, California (PRWEB) December 22, 2014
Increasing preference for air travel owing to its benefits is expected to fuel the aircraft ground handling system market. Rising number of airlines and airports with improved security standards and facilities is expected to drive market demand over the forecast period. Additionally, continuous technology advancements for cargo, baggage and passenger handling are also expected to favor market growth. High initial investment may hinder the aircraft ground handling system market growth over the next six years. Peak time operational efficiency may act as a challenge for the market participants.
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Based on application, the aircraft ground handling system market can be segmented into passenger, aircraft and cargo handling. Aircraft handling segment is expected to grow at a considerable rate over the forecast period. It includes refuelers, ground power vehicles, anti-icing vehicles etc; refuelers are expected to contribute significantly to the aircraft handling application. Passenger handling mainly deals with baggage handling, stairs and passenger busses. Automated systems are implemented widely to increase the efficiency of the aircraft ground handling system since they enable additional functions including baggage tracking, sorting and counting etc.
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North America is expected to be the largest aircraft ground handling system market. Self handling is preferred in the U.S.; the European market is characterized by preference for third party services. Asia Pacific is expected to grow at a considerable rate over the forecast period owing to rapid infrastructure developments and increasing traffic. Major market participants include Aviapartner NV, Saab Group, Gate GSE, Aero Specialties, Imai Aero-Equipment Mfg. Co. Ltd., Bharat Earth Movers Ltd., Oceania Aviation Ltd. and JBT AeroTech.
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