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U.S. 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), 2023-2030

Last Updated: May 06, 2024 | Format: PDF | Report ID: FBI108036

 

KEY MARKET INSIGHTS

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The U.S. airport ground and cargo handling services market is projected to grow at a CAGR of 10.26% during the forecast period.

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The U.S. has seen a significant rise in the number of airports and some of the largest air networks in the world. The presence of most airports, the thriving aviation industry, and increased spending on airport modernization are major drivers of the market. The growth in the adoption and integration of emerging technologies such as IoT and blockchain is driven by the growth in the applications of airport ground and cargo handling services in the market.


LATEST TRENDS


Rise in the Number and Demand for Green Airports to Propel Market Growth


A recent rising trend in the aerospace industry is the need to create sustainable and eco-friendly airports to minimize aviation's impact on the environment, promote environmental practices, and recognize major stakeholders in promoting eco-friendly methods of operation in the airport. Adopting green airports and low-emission ground support equipment are key trends gaining momentum in the market. Citing an instance, in August 2022, Breeze Airways announced green international airport of Rhode Island T.F. to become the base of operations for the airline in 2023


DRIVING FACTORS


Increased Investments, Mergers and Acquisitions by Major Players in the Market to Accentuate Market Growth


The presence of various service providers in the country enables the companies to keep up their name in the market. It somehow becomes an obligation for the companies to keep up with the market trends and keep innovating, investing, and acquiring to sustain in the market. In August 2022, for instance, Alliance Ground International completed the acquisition of Airport Terminal Services to boost its presence in the sector and optimize operations, enhance customer service, and offer more value to all of its customers. These factors augment the U.S. airport ground and cargo handling services market share.


RESTRAINING FACTORS


Restrictions Levied on Airport Ground and Cargo Handling Market after COVID-19 Pandemic


The U.S. aerospace market took a major hit due to travel restrictions and nationwide lockdown during the three phases of the pandemic. The airport ground and cargo handling services companies reduced operations in nationwide airports since the government restricted any movement within or outside the country to prevent the spread of the virus. This, in turn, led to huge losses for the companies in the market. In the current scenario, when the cases of COVID-19-affected patients are going down, the government is quick to reopen airport operations cautiously, maintaining hygiene, and adding precautionary measures. These added measures are expected to add cost and time to the operations for airport ground and cargo handling services companies, hence creating a hindrance to a smooth transition for the companies. These factors limit the U.S. airport ground and cargo handling services market growth.


KEY INDUSTRY PLAYERS


In terms of the competitive landscape, the market depicts the presence of established and emerging airport ground and cargo handling services companies. McCollister’s Transportation Group dominated the U.S. market in 2022. The company's apex position is attributable to the strong sales performances of its flagship services coupled with greater emphasis on the adoption of digital tools by the company. This focus on the greater adoption of digital tools has allowed the company to streamline better operations that are efficient and sustainable, considerably improving its sales and volume.


LIST OF KEY COMPANIES PROFILED:





KEY INDUSTRY DEVELOPMENTS: 



  • May 2021 – Worldwide Flight Services launched a new cargo handling terminal in the U.S. at Hartsfield-Jackson Atlanta International Airport. Additionally, the company secured a 20 year lease to manage the airport’s building C which deals with 100,000 ft2 cargo and is equipped with 11 dock doors, drive-up ramp access and container bypass system.

  • August 2021 – Fraport AG Frankfurt airport services launched a new visitor centre at the Frankfurt airport. The visiting centre will have an interactive exhibit with aviation experiences suitable for all groups. The visiting centre is laid out in 1,200 square meters of floor space with over 30 innovative exhibits showcasing aviation and behind the scene glimpses of Frankfurt airport.

  • August 2022 – A U.S.-based cargo ground handling company, Alliance Ground International (AGI), acquired Airport Terminal Services (ATS). The acquisition is anticipated to offer additional services in the commercial passenger ground handling services


REPORT COVERAGE


The market report provides a detailed market analysis. It focuses on key aspects such as an overview of technological advancements in the U.S. and pricing analysis. Additionally, it includes an overview of the drivers, rising initiatives, companies in the U.S. market, new product launches, key industry developments such as mergers, partnerships, & acquisitions, and the impact of COVID-19 on the market. Besides this, the report offers insights into the market trends and highlights key industry dynamics. In addition to the aforementioned factors, it encompasses several factors that have contributed to the growth of the market over recent years.



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Report Scope and Segmentation 
















































ATTRIBUTE 



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year  



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 10.26% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Services



  • Passenger Handling

  • Baggage Handling

  • Cargo and Mail Handling

  • Aircraft Handling

  • Ramp Handling

  • Others



By Airport Type



  • Domestic



  • International



By Infrastructure Type



  • Greenfield Airport

  • Brownfield Airport






Frequently Asked Questions

Registering a CAGR of 10.26%, the global market will exhibit rapid growth during the forecast period (2023-2030).

The baggage handling service segment will dominate this market during the forecast period.

Swissport International AG, Alliance Ground International, and Presidential Limousine Service are the leading players in the global market.

The growth in the adoption and integration of emerging technologies such as IoT and blockchain is driven by the growth in the applications of airport ground and cargo handling services in the market.

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