Market Size of America Airport Ground Handling Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.66 Billion |
| Market Size (2029) | USD 3.21 Billion |
| CAGR (2024 - 2029) | 14.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
America Airport Ground Handling Systems Market Analysis
The America Airport Ground Handling Systems Market size is estimated at USD 1.66 billion in 2024, and is expected to reach USD 3.21 billion by 2029, growing at a CAGR of 14.20% during the forecast period (2024-2029).
In the region, the growth in the demand for air travel and aerial connectivity has driven the airlines to introduce new routes and increase flight movements to cater to its growing demand. For instance, in 2022 the air passenger traffic in the Americas recorded approximately 1.37 billion, this was a growth of 6% compared to 2021, and compared to 2020 the growth was at 183% respectively. Additionally, new airport constructions and expansions are also propelling the demand for efficient ground-handling systems in America. Projects such as the John F. Kennedy International Airport new terminal one redevelopment, Reno-Tahoe International Airport expansion, Los Angeles International Airport, etc. are expected to generate a high demand for ground support equipment in the region. Furthermore, owing to the stringent emission norms and regulations, demand for electric ground handling systems is on the rise. Airports in the region are rapidly adopting equipment such as electric tugs, and electric tractors and this factor is significantly driving the market growth for airport ground handling systems.
America Airport Ground Handling Systems Industry Segmentation
Airport ground handling refers to the services provided to facilitate an aircraft flight or aircraft ground repositioning, preparation for, and upon conclusion of a flight, which includes both customer service and ramp service functions.
The America airport ground handling systems market is segmented by type, power source, and geography. By type, the market is segmented into aircraft handling, passenger handling, and cargo and baggage handling. By power source, the market is segmented into non-electric and electric. The report also offers the market size and forecasts for five countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).
| Type | |
| Aircraft Handling | |
| Passenger Handling | |
| Cargo and Baggage Handling |
| Power Source | |
| Non-electric | |
| Electric |
| Geography | |
| United States | |
| Canada | |
| Brazil | |
| Chile | |
| Colombia | |
| Rest of America |
America Airport Ground Handling Systems Market Size Summary
The American airport ground handling systems market is poised for significant expansion, driven by the increasing demand for air travel and the subsequent rise in flight movements. This growth is further fueled by the construction and expansion of airports across the region, such as the redevelopment of John F. Kennedy International Airport and the expansion of Reno-Tahoe International Airport. The push towards efficient and eco-friendly ground handling systems is also a key factor, with airports rapidly adopting electric equipment to comply with stringent emission regulations. The market is characterized by a diverse range of aircraft handling systems, including refuelers, tugs, and ground power units, which are essential to accommodate the rising air passenger traffic and aircraft movements in major airports like Hartsfield-Jackson Atlanta International Airport and O'Hare International Airport.
The market landscape is competitive, with several prominent players such as John Bean Technologies Corporation and TUG TECHNOLOGIES CORPORATION leading the charge in technological advancements and eco-friendly product development. The focus on reducing operational lead times and expanding facilities is evident in significant investments, such as the USD 95 billion redevelopment of John F. Kennedy International Airport. Additionally, initiatives like the installation of automated biometric screeners and new baggage handling systems highlight the industry's shift towards digitalization and efficiency. These developments, coupled with the goal of achieving net-zero emissions, are expected to drive the market's growth trajectory, allowing companies to capture a larger market share through innovative and sustainable solutions.
America Airport Ground Handling Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Aircraft Handling
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2.1.2 Passenger Handling
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2.1.3 Cargo and Baggage Handling
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2.2 Power Source
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2.2.1 Non-electric
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2.2.2 Electric
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Brazil
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2.3.4 Chile
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2.3.5 Colombia
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2.3.6 Rest of America
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America Airport Ground Handling Systems Market Size FAQs
How big is the America Airport Ground Handling Systems Market?
The America Airport Ground Handling Systems Market size is expected to reach USD 1.66 billion in 2024 and grow at a CAGR of 14.20% to reach USD 3.21 billion by 2029.
What is the current America Airport Ground Handling Systems Market size?
In 2024, the America Airport Ground Handling Systems Market size is expected to reach USD 1.66 billion.
