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Airport Ground Handling Systems Market Estimated to Reach Huge Revenues of USD 6879.59 Million by 2027- Exclusive Report by Mordor Intelligence

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Airport Ground Handling Systems Market Estimated to Reach Huge Revenues of USD 6879.59 Million by 2027- Exclusive Report by Mordor Intelligence

June 29
19:21 2022
Airport Ground Handling Systems Market Estimated to Reach Huge Revenues of USD 6879.59 Million by 2027- Exclusive Report by Mordor Intelligence
Mordor Intelligence
The airport ground handling systems market is highly fragmented due to the presence of numerous local players that provide a wide range of systems. The key players in the market include Cavotec SA, John Bean Technologies Corp., Textron Inc., Air T Inc, and ALVEST. With the current trend of deploying electric ground handling systems at airports, manufacturers are developing and testing new eco-friendly/electric equipment, which is expected to help the companies increase their market share.

Airport Ground Handling Systems Market Estimated to Reach Huge Revenues of USD 6879.59 Million by 2027- Exclusive Report by Mordor Intelligence

Airport Ground Handling Systems Market Overview

The airport ground handling systems market is valued at USD 2911.03 million in 2021 and is poised to reach USD 6879.59 million by 2027, growing at a CAGR of 15.27% during the forecast period (2022 – 2027). The construction of new airports, expansion of existing airports to increase passenger and cargo handling capacities, and privatization of airports are expected to drive the growth of the airport ground handling systems market during the forecast period.

The current plans of airports to decrease their carbon footprint has accelerated the deployment of electric ground handling equipment and the integration of advanced technologies like automation systems ramp and cargo handling operations. Such green initiatives by airport operators are expected to accelerate the market’s growth in the coming years.

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Aircraft Handling Equipment Segment- Key Insights

  • The aircraft handling segment currently dominates the market and is expected to continue its dominance during the forecast period.
  • Following the pandemic, various airports around the world are robustly investing in the enhancement of their existing ground handling systems with the introduction of new equipment for their efficient operation.
  • The current trend of using GSE (Ground Service Equipment) with low emissions rates and creating green airports has been gaining popularity over the years. Therefore, the companies are working on developing new electric aircraft handling solutions that work efficiently with low emissions.
  • On this note, in October 2021, Toyota Material Handling, a subsidiary of Toyota Motor Corp, introduced a new all-electric towing tractor (3TE25) for airport operations that will replace the current heavy-duty range.
  • Such development of new equipment, as well as investments in the procurement of aircraft handling equipment, is anticipated to propel the growth of the segment during the forecast period.

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Geographical Outlook of the Airport Ground Handling Systems Market

The North American region is expected to witness the highest growth during the forecast period.

The Federal Aviation Administration (FAA) provided various funds to the airports in the United States to introduce electric ground support vehicles in the coming years. John Wayne/Orange County, Indianapolis International Airport, Charlotte/Douglas International Airport and Springfield-Beckley Municipal Airport were awarded funding of USD 5.86 million for the introduction of electric buses and related charging infrastructure. Also, in addition to the ground handling systems, the airports are investing in the development of infrastructure to ease the induction of electric ground vehicles.

As a part of the new terminal building project at Kansas City International Airport, the Kansas City Aviation Department announced its plan to invest in the first wireless vehicle charging system installed at the US airport. The technology is expected to extend the range of its electric buses without installing a charging station or taking buses out of service for charging. Momentum Dynamics will supply the charging solution and is expected to be installed by 2023. Such initiatives and growing demand for enhancing ground handling operations will drive the market growth in the region during the forecast period.

Progressions In Airport Ground Handling Systems Market

  • In April 2022, Airpro announced an investment of EUR 4 million to procure four Elephant e-BETA de-icers from Vestergaard Company. The equipment is expected to be delivered by winter 2022 and will be operated at Helsinki Airport. The company is expected to become the first ground handling company in Finland to deploy electric de-icing services following the delivery.
  • In March 2022, Lufthansa LEOS, the ground handling subsidiary of the Lufthansa Group, announced that the company became the launch customer of the all-electric towbarless aircraft tractor Phoenix E manufactured by Goldhofer. The new vehicle is battery-powered and can carry a weight of up to 352 metric tons.

Related Research and Links

List of Key Players in Airport Ground Handling Systems Market

  • Cavotec SA
  • John Bean Technologies Corp.
  • ADELTE Group SL
  • ALVEST
  • Textron Inc.
  • Tronair Inc.
  • Mallaghan Engineering Limited
  • MULAG Fahrzeugwerk
  • Vestergaard Company
  • Air T Inc.
  • Ground Support Specialists LLC
  • Weihai Guangtai Airport Equipment Co. Ltd

*List Not Exhaustive

Mordor Intelligence has segmented the Airport Ground Handling Systems Market based on product type, power source, geography

  • Product Type (Market Size & Forecast based on Revenues (USD Billion), 2018-2027)
    • Aircraft Handling
    • Passenger Handling
    • Cargo and Baggage Handling
  • Power Source (Market Size & Forecast based on Revenues (USD Billion), 2018-2027)
    • Non-electric
    • Electric
  • Geography (Market Size & Forecast based on Revenues (USD Billion), 2018-2027)
    • North America
      • United States
      • Canada           
    • Europe
      • United Kingdom
      • France
      • Germany
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia-Pacific    
    • Latin America
      • Brazil
      • Rest of Latin America 
    • Middle-East and Africa
      • Saudi Arabia
      • United Arab Emirates
      • Rest of Middle-East and Africa

About Mordor Intelligence

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