Market Size of North America Ground Handling System Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.45 Billion |
| Market Size (2029) | USD 2.87 Billion |
| CAGR (2024 - 2029) | 14.70 % |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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North America Ground Handling System Market Analysis
The North America Ground Handling System Market size is estimated at USD 1.45 billion in 2024, and is expected to reach USD 2.87 billion by 2029, growing at a CAGR of 14.70% during the forecast period (2024-2029).
The aviation sector has been affected greatly due to the slump in demand among travelers and the travel restrictions imposed by many countries due to the COVID-19 pandemic. As aircraft movements decreased, the demand for airport ground handling services was significantly affected, affecting the airport ground handling systems market in 2020. However, the notable increase in passenger traffic and aircraft movements in 2021 supported the ground handling systems market revival.
The growth in the demand for air travel and aerial connectivity has driven the airlines to introduce new routes and increase flight movements to cater its growing demand. New airport constructions and expansions are also helping the procurement of airport ground handling systems.
The aviation industry is emerging out of the pandemic, and several aviation authorities are increasing their emphasis on modernizing the airspaces and ground management systems. The existing technologies in the market are expected to be upgraded or replaced with modern technologies in the next five years, as major transformation projects are yet to be completed during the forecast period.
The market is highly dominated by a few major players operating in several airports in North america. Consolidation is high among ground-handling service providers to extend their market presence in the north america. To expand operations on a global scale, ground-handling service providers are expected to focus on the procurement of advanced ground-handling equipment during the forecast period.
With many airlines increasing their emphasis on carrying out as many trips as possible in a day, efforts are being made to reduce the turnaround time of the aircraft. This can be done by installing more ground support equipment in airports to complete the processes faster. Also, the focus on efficiency may help increase the demand for newer, advanced, and more efficient ground-handling equipment in the years to come.
