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.
New York, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Business Jet Ground Handling Services Market - Growth, Trends, and Forecast (2019 - 2024)" - https://www.reportlinker.com/p05778194/?utm_source=GNW
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.
The ground handling services market for the business jet is highly fragmented, with 40% market revenue share being held by local and smaller players in the market. However, mergers and acquisitions are expected to make the market studied more consolidated in the future. The last 10 years have witnessed numerous mergers and acquisitions activities in the market studied. In addition, partnerships with dealers and outsourcing activities are being done by companies to expand their global footprint. The Middle East and Asia-Pacific are projected to undergo numerous developments in the market studied. Hence, expanding to the regions either by partnerships or through mergers and acquisitions may help the existing players to further increase their revenues.
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