The Global Market for Airport Airside Services is Projected to Exceed US$51 Billion by 2020
Increasing Air Passenger Traffic and Rising Air Cargo
Volumes Drives the Global Airport Airside Services Market, According to a New
Report by Global
Industry Analysts, Inc.
GIA announces
the release of a comprehensive global report on Airport Airside Services. The
global market for Airport Airside Services
is projected to exceed US$51 billion by 2020, driven by reviving aviation sector and the
growing number of Low Cost Carriers (LCCs) in developing countries.
Airport airside
services refer to services rendered in areas accessible to aircraft such as
taxiway, runways, and ramp. Ground handling services, including airport airside
services, evolved over the years to become one of the most focused service
areas in the aviation industry. Increase in business and leisure travel,
expansion in the number of passenger seats by airline companies, ever growing
air freight volumes, growing pressure to reduce plane parking time in the
airport, and efficient use of scarce airport resources are driving growth in
the airport airside services market. Increase in number of hub airports and
growing number of airlines, especially LCCs, is also benefiting demand as
efficient delivery of these services becomes a key performance deliverable for
airline companies.
The rise in
prices of aviation fuel and the growing pressure to cut airline costs is
resulting in airline operators increasingly outsourcing airside jobs to third
party service providers. Outsourcing of ground handling activities is poised to
evolve into an important trend with independent service providers expected to
corner a major share of the market in the coming years. Independent ground
handling service providers offer unrivalled advantages over captive services
offered by airline companies in terms of skilled manpower, necessary equipment,
and required technical expertise. Key benefits include reduced costs and need
for investments in infrastructure and equipment, and greater efficiencies.
Outsourced airside services also make strong business sense for airlines having
limited services at a particular location.
As stated by the
new market research report on Airport Airside Services, the United States represents the largest market
worldwide. Asia-Pacific is forecast to emerge as the fastest growing market
with a projected CAGR of 5.8 % over the analysis period.
Increasing aviation activity, growing focus on airport infrastructure
development, strong economic growth, and vast expanse of land that necessitates
extensive domestic travelling represents key growth drivers in the region.
Key players
covered in the report include ACCIONA Airport Services, AeroGround Flughafen
München GmbH, Aircraft Service International Group Inc [ASIG], Aloha Contract
Services, Aviapartner, Baltic Ground Services UAB, DAL Global Services LLC,
Dnata, Impel SA, Menzies Aviation PLC, National Aviation Services [NAS], SATS
Ltd, Saudi Ground Services Company, Swissport International Ltd., Universal
Aviation, and Worldwide Flight Services, among others.
Comments
Post a Comment