Asia Pacific Airport Ground and Cargo Handling Services Market Size, Share & COVID-19 Impact Analysis, By Services (Passenger Handling, Baggage Handling, Cargo and Mail Handling, Aircraft Handling, Ramp Handling, and Others), By Airport Type (Domestic and International), By Infrastructure Type (Greenfield Airport and Brownfield Airport), and Regional Forecast, 2023

Asia Pacific is the fastest-growing region in the global airport ground and cargo handling services market. It is projected to grow at a CAGR of 11.36% during the forecast period. The global airport ground and cargo handling services market is projected to grow from USD 35.23 billion in 2022 to USD 81.83 billion by 2030.

The growing adoption of airport ground and cargo handling services has led key market players in the region to increase their R&D investments for introducing new services. The increased domestic and international passenger transport is anticipated to support market growth. In addition, large investments in new airport projects in developing countries such as India will drive the demand for improved airport ground and cargo handling services and a rise in the demand for AI-based interfaces at airports for better customer experience and surveillance activities are driving the market in Asia Pacific.

The Asia Pacific airport ground and cargo handling services market share covers the following countries/regions – China, Japan, India, Australia, and the rest of Asia Pacific.

LATEST TRENDS

Rise in Technological Advancements in Services Offered to Open New Growth Opportunities in the Area of Green Airport Development

The growing inclination toward using technologically advanced ground support equipment enabled by low emission rates has led to the increasing development of green airports. ITW GSE is one of the leading manufacturers of GPUs in the market. The ground support equipment is cost- and energy-efficient and runs at a variable speed to reduce emissions such as NOx.

In addition, technological advancements, such as autonomous driving and electrification of towing vehicles and aircraft pushback tugs, are anticipated to reduce occupational hazards and ground emissions. For instance, in May 2021, the New Delhi Airport in India became the world’s first airport to operate with over 1,000 taxibots, reducing carbon emissions significantly. Numerous initiatives are being undertaken by regulatory authorities around the region, thereby propelling the demand for aircraft handling systems during the forecast period.

DRIVING FACTORS

Increase in Investments and Presence of Key Industry Players to Accentuate Market Growth

A continuous increase in air travel in developing countries such as India and China is expected to increase the demand for new airports in major countries. According to a report by IATA (International Air Transport Association), the number of passengers will double to 8.2 billion by 2037. Furthermore, China is expected to emerge as the largest aviation market by 2024. The report also states that India is expected to be ranked third and surpass the U.K. by 2024. Additionally, the Ministry of Civil Aviation's Vision 2040 report mentions that by 2040 there will be over 200 operating airports in India. Hence, as the number of airports increases, the demand for these services is anticipated to increase, driving the Asia Pacific airport ground and cargo handling services market growth.

RESTRAINING FACTORS

Restrictions Imposed After the Pandemic as Preventive Measures to Limit the Market Growth 

Despite growing popularity and adoption, the fear of recurring or new pandemics has led to countries adopting strict rules and regulations as preventive measures to avoid the spread of the coronavirus. Since the outbreak of the COVID-19 pandemic started in the Asia Pacific region and had a drastic impact on revenue, passenger transport, and related services, the regulatory authorities in the region have been extremely cautious regarding regulations to stop the spread of the virus. The global airport industry recorded billions of dollars in losses in 2020 due to pandemics. According to the Airports Council, passengers fell short to more than 600 million in the first quarter. This sharp decline in air traffic has significantly reduced domestic and international revenues and greatly impacted passengers traveling worldwide. These factors limited the expansion of the Asia Pacific’s market size.    

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KEY INDUSTRY PLAYERS

In terms of the competitive landscape, Air India Air Transport Services Ltd. and Celebi Nas Airport Services Pvt. Ltd. are the key players in the Asia Pacific market, owing to their wide area of operation and strong service offerings, active involvement in R&D investments to accelerate product launches and approvals in the forecast period. Other prominent players, such as Taoyuan International Airport Services Limited and Air China Group, are leading the market due to their strong distribution network and diverse aesthetic indications for their services portfolio. Other major players are Jardine Aviation Services, Bird Worldwide Flight Services, Hong Kong Airport Services, and others. These companies are focused on strengthening their service portfolio and distribution network through strategic collaboration and partnerships to increase their market share in the Asia Pacific market.

LIST OF KEY COMPANIES PROFILED:

• Japan Airport Ground Handling Co., Ltd. ( Japan)


• Çelebi Nas Airport Services Pvt. Ltd. (India)


• Air India Air Transport Services Ltd. (India)


• Bird Worldwide Flight Services (India)


• Hong Kong Airport Services (Hong Kong)


• Taoyuan International Airport Services Limited (China)


• Air China Group (China)


• Jardine Aviation Services (China)


• LAS Goldair Handling (India)

KEY INDUSTRY DEVELOPMENTS:

• May 2022: Celebi Aviation, an Indian ground cargo handling company, announced the deploymetn of emerging technologies such as IoT and blockchain in their operations. The company has invested more than 220 million USD in India, investing in infrastructure to handle 7000+ tonnes of cargo, increasing security initiatives, additional handling equipment, and a state-of-the-art transhipment centre.


• September 2022: LAS Goldair Handling, an Indian services joint venture, launched its services at two of India's airports. The services have been established at Bagdogra International Airport and Udaipur airport. The company is expected to manage the terminal, cargo, and ramp for chartered flight operators for all international and domestic flights departing and arriving at Bagdogra International Airport.


• August 2022: Telangana, a state in India, planned to revitalize three old airports and create three Greenfield airports. The airports are expected to be made in Adilabad, Nizamabad, and Warangal. Shamshabad International Airport, situated on Hyderabad's outskirts, is Telangana's major civil aviation facility.

REPORT COVERAGE

The market report provides qualitative and quantitative insights on the market and a detailed analysis of the Asia Pacific market size & growth rate for all possible segments in the market. Along with the Asia Pacific airport ground and cargo handling services market forecast, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are an overview of the number of procedures, an overview of price analysis of types of products and services offered, an overview of the regulatory scenario by key countries, pipeline analysis, new service launches, key industry developments – mergers, acquisitions & partnerships, and the impact of COVID-19 on the market.