Europe 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, 2023-2030

Europe is the second largest region in the global airport ground and cargo handling services market. It is projected to grow at a CAGR of 10.77% 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.

Europe is expected to witness moderate growth in the forecast period since more people travel by plane in nations such as Germany, the U.K., France, and others. Rising aviation spending in Europe will boost the market growth. The Europe region’s growing tourism sector will fuel the Europe airport ground and cargo handling services market size in the forecast period.

The Europe airport ground and cargo handling services market share cover the following countries/regions – U.K., Germany, France, Italy, and the Rest of Europe.

LATEST TRENDS

Incorporation of Advanced Technology Solutions to Build Sustainable Solutions to Accentuate Market Growth 

The recent industry trends show the use of emerging technologies such as the Internet of Things (IoT) and blockchain to process data for effective cargo handling. Additionally, the usage of eco-friendly and sustainable methods of cargo handling is anticipated to propel market growth in the forecast period. For instance, in January 2023, Worldwide Flight Services (WFS) operating in Spain unveiled that WFS’ ground support equipment fleet in Spain is transformed into 89% electric over the years handling cargo operations. Additionally, 30% of the company’s ramp handling including heavy-duty vehicles, aircraft pushback tugs, passenger stairs, belt loaders, and others were also noted to be electric.

DRIVING FACTORS

Increase in Post-Pandemic Travel to Drive Market Growth

A recent survey conducted by the International Air Transport Association (IATA) of 4,700 respondents from 11 countries around the world revealed that about 60% of the respondents expected to be traveling within two months of the pandemic's containment, and over 70% would do so as soon as they can to meet friends and family. Since the number of COVID-19 patients is going down, followed by the ease in travel restrictions and implementation of safety regulations by airlines and airport authorities, airport ground and cargo handling is expected to experience a rise in the Europe airport ground and cargo handling services market growth in the forthcoming years due to a subsequent rise in a number of travelers in the post-pandemic period.

RESTRAINING FACTORS

Raging Russia-Ukraine War to Limit the Market Growth

Despite high demand and increased investments in the market, a raging war between Russia and Ukraine is anticipated to cause hindrances in the global market. The Russia-Ukraine war has negatively impacted the market. The war has greatly impacted NATO members and countries outside the NATO pact- such as Finland, Japan, and Sweden. Additionally, countries have started to spend heavily and allocate higher amounts in the annual country budget to produce and procure the latest defense equipment. For instance, in 2022, Germany pledged about USD 110 billion in the 2022 budget for defense forces. A rise in government expenditure and focus on war conditions leads to a decrease in aviation-related budget allocation and reduced travel. Hence, a rise in the Russia-Ukraine war and raging cross-border tensions in countries of the region will hamper the overall Europe ground and cargo handling services market growth.

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KEY INDUSTRY PLAYERS

In terms of the competitive landscape, Swissport International AG is the key player in the Europe market, owing its presence to strong service offerings and active involvement in R&D investments to accelerate service launches and approvals in the forecast period.

Other prominent players such as Worldwide Flight Services, Fraport AG, Aviapartner Group, and Menzies Aviation are leading the market due to their strong distribution network and diverse aesthetic indications for their services portfolio. Some of the other major players are Airport Association, Zimmer Aesthetics, 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 Europe market.

LIST OF KEY COMPANIES PROFILED:

• Menzies Aviation (Scotland)
• Swissport International AG (Switzerland)
• Aviapartner Group (Belgium)
• Worldwide Flight Services (France)
• Fraport AG (Germany)
• Airport Associates (Iceland)
• AirPart GmbH (Germany)
• Zimmer Aesthetics (Germany)

KEY INDUSTRY DEVELOPMENTS:

• October 2022 – Swissport International AG, a Switzerland-based airline company, assisted Oman's airline- Salam Air, in cargo handling at Muscat international airport. This was the only cargo flight by an Oman-based airline. Swissport International AG was responsible for the cargo handling of this inaugural flight.
  
  
• April 2022- dnata unveiled an expansion of its European operations by acquiring Wisskirchen Handling Services, a Germany-based service provider. This acquisition by dnata is anticipated to develop the company’s global cargo service provider leader position.
  
  
• March 2022- FGC OPS, a subsidiary of Flight Consulting Group, announced a whole range of ground and cargo handling services in Romania and Poland. The array was launched as an initiative under their company’s strategic goals of 2022 to provide high-quality service by certified staff across 50 airports in 28 countries that constitute the network of FCG OPS in Europe.

REPORT COVERAGE

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

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