Market Trends of North America Ground Handling System Industry
This section covers the major market trends shaping the North America Ground Handling System Market according to our research experts:
Anticipated Rebound In Passenger Traffic And The Growth In Airline Fleets
The rise in air passenger traffic, e-commerce, and industrial development in the region is expected to propel the demand for baggage and cargo handling systems in the region.
North American airports, witnessed an increase in passenger and cargo traffic in 2021 when compared to 2020. Overall passenger traffic increased by 73%, international passenger traffic saw an increase of 32%. On the other hand, domestic passenger traffic showed the strongest recovery with a growth of 78%. Overall air cargo traffic increased by 12.8%, as a result of a significant increase in international freight of 22.3% while domestic freight increased by 7.8%.
The demand for freighter aircraft is also expected to rise, owing to the growth and improvements in world trade. The increasing demand for air travel forced airlines to establish new routes to improve connectivity. This resulted in airlines opting for the expansion of their fleet size. It also led to an increase in airport expansion plans and new airport plans to reduce the traffic in major airports.
Expanding airports and the increasing frequency of flights per day are expected to increase the pressure on ground handlers. This factor is expected to drive the procurement of new ground support equipment across the north america in the future.
The United States to Exhibit the Highest Growth Rate During the Forecast Period
The United States is witnessing a rise in air passenger travel and the country is investing heavily in the development and implementation of digitalized technologies for baggage, cargo and passenger handling. In 2019, the number of air passengers traveling to or from the United States was close to 250 million, a huge leap from nearly 166 million passengers in 2011. The main focus of airports in the region is to reduce the operational lead time and facility expansion. In 2018, Terminal F of Hartsfield-Jackson Atlanta International Airport became the first biometric screening terminal in the United States, facilitating facial recognition for check in, security check and boarding. The development of airports and terminal expansion projects is also driving the demand for airport grounf handling systems in the country.In February 2020, John F. Kennedy International Airport got approval worth USD 3.8 billion for the expansion of its busiest terminal. In 2017, LEKTRO, Inc. delivered the 5000th aircraft tug to American Airlines at Los Angeles International Airport (LAX). The tug, a model AP8950SDB-AL-250, is the Oregon based company's largest pushback offering, capable of handling aircraft up to 280,000 pounds. The new units replace several American Airlines' conventional diesel tractors. The aforementioned developments, factors, and instances in the region are driving the market growth for airport ground hadling systems in the country.
