The airside services market is anticipated to expand at a high CAGR over the forecast period.
Airside services consist of services that are available at the airport in order to support the on-time arrival and departure of the flight. The market is expected to grow due to an increase in demand for low-cost carriers along with an increase in passenger air traffic and airfreight volume. The growing popularity of on-airport de-icing services and the rise in demand for the healthy outlook of the commercial aviation industry is assumed to impact the growth of the market. Rising demand for ramp and oil handling services including proper ground handling and safety requirements is anticipated to boost the market.
Moreover, the increase in usage of scanning machines in mass rapid transit systems for baggage scanning is expected to drive the market. However, high international service quality maintenance along with growing price competition is expected to hinder the growth of the market. The market is segmented by service type and geography. Based on service, ground handling is expected to hold a significant market owing to its wide adoption. Geographically, North America is projected to be a substantial shareholder in the market during the forecasted period due to increasing air traffic along with investment in technology and R&D in countries like the USA.
DRIVERS
The rise in demand for low-cost carriers.
Increasing air traffic.
RESTRAINTS
The rising number of airports in developing economies
INDUSTRY UPDATE
In February 2019, Baltic Ground Services signed a contract with Ryanair Sun for servicing their charter passengers in Chopin airport in Warsaw.
In May 2019, National Aviation Services and LAM - Mozambique Airlines joint ventured for operating airport lounges in Mozambique.
The major players profiled in the airside services market are National Aviation Services, Baltic Ground Services, Menzies Aviation PLC, AeroGround Flughafen Munchen GmBH, Universal Aviation, Aviapartner, Worldwide Flight Services, SATS Ltd., ACCIONA Airport Services, Aircraft Service International Group Inc., Saudi Ground Services Company and DAL Global Services LLC.
Segmentation
The airside services market has been analyzed through the following segments:
By Service Type
Ground Handling
Fuel and Oil Handling
Ramp handling
Aircraft Maintenance
Aerobridges
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others