Business Jet Ground Handling Services Market by 2024: Analysis with Top Players, Industry Scope, Size, Status, Development Rate, Revenue, Regions

Business Jet Ground Handling Services

This “Business Jet Ground Handling Services Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Business Jet Ground Handling Services market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The business jet ground handling services market (henceforth, referred to as the market studied) is expected to register a CAGR of 8.90% during the forecast period.
  • - The market studied is primarily driven by the opening of the new airport and terminals for business jets. The increasing movements of business jets may further necessitate the need for fixed-base operators (FBOs) to enlarge their ground handling capabilities.
  • - Globally, charter activities are increasing and gaining momentum. The industry is flying high, due to growth in the demand from the downstream markets. The growth in the purchase of private and charter aircraft is expected to increase the demand for ground handling services in the years to come.
  • - However, in 2018, oil prices increased steeply and presented additional challenges for small FBO chains and independents, who are trying to cope with industry consolidation. With the rise in fuel prices, FBOs face difficulty to offer discounts. Smaller players suffer the most during such instances and can incur huge losses. This may challenge the growth of the market studied in the coming ye
  • Business Jet Ground Handling Services Market Covers Manufacturers:

  • IGS Ground Services
  • BBA Aviation PLC
  • Jet Aviation
  • TAG Aviation
  • Aviation Services Management (ASM)
  • Atlantic Aviation
  • World Fuel Services Corporation
  • Dnata
  • Dassault Falcon Service
  • Royal Jet
  • Universal Aviation
  • ExecuJet Aviation*
  • Scope of the Report:

  • The market studied includes the fixed base operator (FBO) services and ground handling services for all private and charter aircraft.
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    Key Market Trends:

    Increasing Demand for Business Jets Fueling the Market Growth

    The business jet ground handling services market is primarily dependent on the growth in the frequency of business travel and the demand for business jets. Charter operators and fractional market are replacing their aging fleet with new and advanced jets and are introducing new routes, which may further fuel the growth of the business jet market. It is estimated that over the next decade, the demand for new business jets is expected to be over 3,500. In comparison to commercial air travel, business jet travel is a much smaller segment. Nevertheless, it has a significantly positive economic impact as it generates jobs and indirectly stimulates commerce. Thus, the growth in the business jet market, which is being seen all over the world currently, is helping the market for business jet ground handling services.

    Asia-Pacific to Become the Largest Market by 2024

    As of 2018, North America holds a major share in the market studied, followed closely by Asia-Pacific. Asia-Pacific is projected to overtake North America to become the largest business jet ground handling market by 2024. The market is growing fast in the region. China, Australia, and India have the three largest charter fleets in the region. Meanwhile, China and India are notable for their economic growth and large populations. Australia is notable for having one of the most mature and well-developed business aviation environments in the region. Thus, the market in the region is projected to become the largest, during the forecast period.

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    Target Audience of Business Jet Ground Handling Services Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Business Jet Ground Handling Services Market Report:

    • Analyzing various perspectives of the Business Jet Ground Handling Services market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Business Jet Ground Handling Services market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Business Jet Ground Handling Services market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Business Jet Ground Handling Services market studied, during the forecast period
    • The segments that are expected to dominate the Business Jet Ground Handling Services market studied.

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