Different designs and airframes made of composites, could force ground service providers into alternative processes and equipment, which would have a significant impact on the cost factor.
DALLAS, June 11, 2014 /PRNewswire/ -- The 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", by MarketsandMarkets estimates that the market could be valued at $347.50 million this year, and is expected to reach $456.76 million by 2019.
Growth in the market will continue to depend largely on the increase in number of airlines and airports. Expansion, up-gradation of existing airports, and technology advancements, will also increase the demand for aircraft ground handling system market.
Different designs and airframes made of composites, could force ground service providers into alternative processes and equipment, which would have a significant impact on the cost factor. The other advantage will be that improvements in aircraft design and equipment may improve efficiency, thereby reducing ground handling costs.
The report covers different types of ground handling equipment such as waste water removal, air starter unit, passenger stairs, container loader, catering vehicle, transporters, bus carts, refuelers, ground power unit, push back vehicle, anti- icing unit, and passenger bus.
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 Aircraft Ground Handling System Market in Asia-Pacific and Latin America are expected to show consistent levels of growth during the forecast period.
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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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