Global Airside Services Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” report has been recently generated by Trusted Business Insights, and offers in-depth insights, revenue details, and other vital information regarding the global airside services market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global airside services market report has been segmented on the basis of service type, application, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered from various sources regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts, with the primary objective being to provide a holistic view of the target market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as current impact, in order to make informed forecasts about the scenarios in the near and distant future.

Introduction:

Airside services refer to those services that are provided at the airport and are essential for maintenance and operation of civil aviation at the airport. Airside services include ground handling services, pushback tractors, tow bars, major ramp services, aircraft servicing, fuel and oil handling services, aerobridges, baggage handling at sorting area, service segmentation, and aircraft maintenance services.

Dynamics:

The global airside services market is expected to register a considerable growth rate, owing to the rising participation by private companies in maintenance, ground handling services, and increasing liberalization. Liberalization in trade, accompanied with favorable regulatory norms is playing an important part in driving the global airside services market. In addition, growth of tourism industries across the globe is also expected to drive growth of the global market.

Favorable growth of the global airside services market is attributable to some factors such as increasing air traffic & airfreight volume, positive outlook for commercial aviation industry, and the increasing demand for Low Cost Carriers (LCCs). Rising popularity of on-airport services such as de-icing services, ramp handling services etc. are expected to drive demand for airside services, leading to growth of the global market over the estimated time period. In addition, scheduled arrival and departure of the flights are dependent on airside services, leading to high demand for airside service, which in turn is expected to augment growth of the global market over the forecast period. Moreover, airside services include baggage scanning services at airport, which aim at maintaining national integrity from terrorist and anti-social threats. Therefore, increasing demand for baggage handling services is expected to drive growth of the global market on account of national security.

On the other hand, strict adherence to international standards in terms of service quality and also, stringent environmental policies may be a challenge for the global airside services market. In addition, increasing price competition, combined with the increasing bargaining power of airlines may hamper growth of the global target market.

Analysis by Region:

North America market is expected to dominate in the global airside services market over the forecast period, owing to some factors such as increasing technological developments and constantly increasing air traffic. In addition, stringent airline norms & regulations in the region, is driving demand for airside services, which in turn is expected to drive growth of the global market over the projected time period. Furthermore, increasing demand for business jets & commercial aircrafts and increasing airport expansion activities in the region are some of the major factors that are expected to drive growth of the target market in the region.

Global Airside Services Market Segmentation:

Segmentation by Service Type:

Ramp Handling
Ground Handling
Aerobridges
Aircraft Maintenance
Fuel & Oil Handling

Segmentation by Application:

Civilian and Commercial Airport
Military Airport