Aircraft Ground Handling System Market Growth Analysis By Top Key Players – Aero Specialties Inc, Air+Mak Industries, Bhadra, Bharat Earth Movers Ltd, CargoTec, Cavotec SA, Celebi, Dnata, JBT AeroTech, John Menzie & more

MaketStudyReport.com adds a New Aircraft Ground Handling System Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.

Aircraft Ground Handling System Market size is set to reach USD 185 billion by 2024. The growing demand for quality solutions and products due to technological advancements and changing consumer behavior have increased aircraft ground handling system market demand. Manufacturers offer solutions and high-end products that can cater to current business demands and overcome the challenges faced by the end users.

Airlines and service providers have developed effective handling techniques for perishable products and provide shippers with cost-effective and optimum packaging methods. Passenger handling includes various services including ticketing, baggage check-in, boarding, passenger assistance, security screening, and special services. Passenger handling equipment includes towable stairs, passenger buses, etc.

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According to the International Air Transport Association (IATA), about 3.7 billion passengers have traveled by air in 2016 owing to an average reduction in return fares. The ten-year annual growth rate was 5.5% and the passengers' traffic rose to 6.7% in 2016 as compared to 2015. Increasing air travel will lead to the aircraft ground handling system market demand for handling cargo, passengers, and aircraft.

The ground support equipment industry faces constant threat of collisions with aircraft, causing huge losses. Thus, manufacturers use innovative technologies, such as Aircraft Proximity Detector (APD), for avoiding these collisions and ensuring efficient operations.

Latin America air traffic has increased by 7.4% in 2016. Despite the political and economic uncertainties in the region's largest industry, Brazil, the Latin American air traffic showcased growth. The domestic travel accounted for 46% of the operations from Brazil.

The Middle East and Africa aircraft ground handling system market size is predicted to witness exponential growth in upcoming years owing to favorable regulatory scenario regarding secure and efficient equipment. Moreover, increasing globalization has led to an expansion of airline businesses across regions, fueling the industry growth in this region.

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Mergers and acquisitions are other strategies adopted by the manufacturers to expand their geographical presence. For instance, in December 2016, Dnata announced the acquisition of 50% shares of GTA Aviation's ground and cargo handling operations at Toronto Pearson Airport. This acquisition helped Dnata to expand its presence in Americas and fulfill its strategy to provide the highest level of customer service across the region.

Aircraft ground handling system market research report includes in-depth coverage of the industry with estimates & forecast in terms of global revenue in USD from 2013 to 2024, for the following segments:

Aircraft Ground Handling System Market By Product:

Passenger handling, Cargo handling, Aircraft handling

More Details on this Report At: https://www.marketstudyreport.com/reports/aircraft-ground-handling-system-market/

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https://www.marketstudyreport.com/reports/global-aircraft-braking-system-market-research-report-2018/?utm_source=RR-PSR

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Posted by on Sunday September 16 2018, 11:15 AM EST. All trademarks acknowledged. Filed under Aerospace, Aerospace & Defence, Business Services, Featured Press Release, Technology Hardware & Equipment. Comments and Trackbacks closed. Follow responses: RSS 2.0

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