[165 Pages Report] Ground Handling Management Market categorizes global market by Product, by Application,( Passenger Ground Handling Equipment, Cargo Ground Handling Equipment, Aircraft Ground Handling Equipment) & Geography
Dallas, TX -- (SBWIRE) -- 09/30/2014 -- The Middle Eastern market for ground handling management is expected to experience a robust growth due to the order backlogs coupled with a minimal impact of the economic slowdown of domestic passengers and air traffic.
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.
The U.S. represents the largest market for ground handling management. 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 unboarding.
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The biggest challenge for the ground handling management market will be the optimization of operations during peak time, poor quality of equipment, and constant security up-gradation by security agency.
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.
Aircraft Ground Handling System Market in Terms of Technology, Innovation, and on-Time Delivery
The aircraft ground handling system market is estimated at $347.50 million in 2014 and it is expected to reach $456.76 million by 2019. The report provides market analysis of the aircraft ground handling system market over the five years. The impact of drivers, challenges, and restraints for this particular industry is analyzed.
The report provides the market size of the aircraft ground handling system market over the next five years, and talks about the market share by different application or region. It tracks and analyzes the technology trends, market trends and industry trends with respect to the aircraft ground handling system market.
It talks about the leading competitors in the aircraft ground handling system market, and apart from that, provides a general overview of the companies; it also provides details on their financial positions, key products, their unique selling points, and key developments.
The primary market players are from the U.S. and Europe, who dominate the aircraft ground handling system market in terms of technology, innovation, and on-time delivery. The market has numerous competitors who often engage in multifunctional joint ventures to win contracts for new aircraft ground handling system innovations.
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