The latest market report published by Credence Research, Inc. “Global Ground and Cargo Handling Services Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global ground and cargo handling services market is anticipated to grow at a substantial CAGR of 7.5% in the upcoming years. The global Ground and Cargo Handling Services industry was estimated to be worth USD 33.1 billion in 2022 and is expected to be USD 54.91 billion by 2030.
The report provides key insights into the performance of major segments in the ground and cargo handling services market. The passenger handling services segment held the largest market revenue share in 2022 and is expected to grow at the fastest rate during the forecast period. The increasing number of scheduled global passengers, the development of new airports, and airport remodeling activities are predicted to drive the growth of passenger handling services.
In 2022, the domestic airport type segment was anticipated to hold a prominent share in the global market. The growth of domestic flights, driven by expanding business and tourism sectors, is expected to fuel the segment’s growth. The rise in domestic passenger traffic, particularly in emerging economies such as China and India, is projected to contribute to the expansion of the ground and cargo handling services market.
Key countries in the ground and cargo handling services market include the United States and China. The United States boasts a highly developed logistics infrastructure and is home to major international airports and seaports. The country’s focus on international trade and its robust transportation network contribute to its significance in the ground and cargo handling services market. China, on the other hand, is known for its extensive manufacturing capabilities and has become the world’s largest trading nation. The country’s rapid economic expansion, urbanization, and investments in infrastructure development make it a key player in the global market.
Ground and cargo handling services market dynamics refer to the various factors that affect this sector of the aviation industry. These include changes in technology, regulations, competition, economic conditions, and environmental concerns. For instance, advancements in automation and digitalization have led to increased efficiency in ground and cargo handling operations. In addition, regulatory bodies such as the International Air Transport Association (IATA) have implemented safety standards that must be adhered to by all players in the market. Increased competition among service providers has also led to improvements in quality standards and pricing strategies.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Ground and Cargo Handling Services Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the Component and Deployment
- Major nations in each region with their import/export statistics
- The global Ground and Cargo Handling Services Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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