The airside services market is poised for steady growth over the forecast period owing to the increasing private participation in ground handling & maintenance and growing liberalization. Trade liberalization with favorable regulatory environment plays an important role in impelling the airside services market and enhancing the economic development of industries such as tourism around the world. Pricing strategy and optimization of airlines network are also impacted due to liberalization, thereby affecting the production efficiency of the airlines industry. Key services which fall under airside services include major ground handling services, fuel and oil handling services, pushback tractors, aerobridges, towbars, baggage handling at sorting area, major ramp services, service segmentation, aircraft servicing, aircraft maintenance services, and regulatory environment & governing bodies.
Increase in the passenger air traffic & airfreight volume, healthy outlook for commercial aviation industry, and the growing demand of the number of Low Cost Carriers (LCCs) are expected to drive the airside services industry growth. Rise in popularity of on-airport de-icing services, rising demand for oil & handling services along with increasing demand for ramp handling services are the factors favorably impacting the market growth. Ramp handling services including safety requirements and proper ground handling services at airports ensure efficient turnaround of the aircrafts, thereby leading to the scheduled arrival and departure of the flights. Subsequently, increased usage of baggage handling services that include Mass Rapid Transit System (MRTS) which comprises X-Ray baggage scanning systems for small as well as baggage scanning at airports to maintain the integrity of nations from anti-social and terrorist threats is expected to favorably impact the airside services market.
Maintenance of international service quality standards in adherence to the environmental policies poses a challenge to the industry. Increasing competition leads to price reductions impacting the profit margins of the service providers. Growing price competition, coupled with the growing bargaining power of airlines is expected to emerge as some of the challenges faced by the airside services industry over the forecast period.
North America is expected to emerge as a prominent regional market owing to high technological penetration, stringent norms pertaining to air travel and perennially increasing air traffic. Order backlogs of business jets & commercial aircrafts and airport expansion have spurred the airside services market demand in the Middle East. Middle East airside services industry is predominantly monopolistic which are expected to cause imbalances in the future demand and supply. Asia Pacific region is also expected to show a significant growth owing to the growing economic development and increasing air passenger traffic in the region.
Key players offering airside services include AeroGround Flughafen Munchen GmBH, Aviapartner, Baltic Ground Services, ACCIONA Airport Services, National Aviation Services, Universal Aviation, SATS Ltd., Menzies Aviation PLC, and Worldwide Flight Services.
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