Airport Dolly Market Size, Share, Growth, and Global Industry Growth by Type (Less Than 5 Ton Airport Dolly, 5-10 Ton Airport Dolly and More Than 10 Ton Airport Dolly) By Application (Civil Airport and Military Airport), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

AIRPORT DOLLY MARKET REPORT OVERVIEW

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The global airport dolly market size was USD 142 million in 2022 and is projected to touch USD 293.35 million by 2031, exhibiting a CAGR of 8.4% during the forecast period.

The sudden spike in CAGR is attributable to the airport dolly market growth and demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented and staggering, with airport dollies experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Airport dollies are a very robust and dependable option for moving passengers' luggage during peak airport operations. Dollies are made to readily tolerate frequent severe handling in an unforgiving airport environment with little upkeep over a long period of time. The interchangeable sidewalls and both end walls make it possible to simply repair the trailers even after they have sustained considerable damage.

Their simplicity of use will ensure quick and effective operation, and because of the numerous customization possibilities available, all of your individual requirements may be satisfied. Different sizes of dollies can be created.

COVID-19 Impact: Decline in Travel & Tourism Activity Affected Market Growth

The tourism industry has suffered the most adverse effects of all the main economic sectors as a result of the COVID-19 pandemic that disrupted all business verticals. The tourist business is significantly impacted by the global travel restrictions brought on by the pandemic scenario. While nations continue to actively fight the deadly virus, tourism-related businesses and sectors are now trying to recover and emerge from the crisis.

Numerous tourist destinations throughout the world, including museums, theme parks, and sports arenas, were shuttered and reopened only after implementing new security measures. Air travel was entirely shut down due to the global lockdown, which had a significant negative impact on the tourist sector, in turn impacting airport dolly demand.

LATEST TRENDS

"Expansion of Travel and Tourism Sector to Propel Market Growth"

Following the COVID-19 pandemic, as more people go abroad for foreign travel, the tourism sector is expected to be one of the fastest-growing sectors in the economy. Additionally, the rise in millennial travelers throughout the world would lead to an increased demand in the future. As consumers travel more due to the expansion of social networks and falling cost of air travel, the demand for airport dollies is slated to rise substantially. During the projected period, the market is anticipated to grow substantially due to the expanding travel & tourism sector around the world.

AIRPORT DOLLY MARKET SEGMENTATION

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• By Type Analysis

By type, the market is segmented into less than 5-ton airport dolly, 5–10-ton airport dolly and more than 10-ton airport dolly. The 5-10 Ton type segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into civil airport and military airport. The civil airport segment will lead the global share through 2028.

DRIVING FACTORS

"Growing Disposable Income to Boost Market Growth"

The number of tourists travelling to new destinations is rising due to the rapid rise in disposable income levels. Many high-income nations have several tax breaks available to their citizens, which has the effect of raising the total personal income of consumers from developing nations. The majority of developing nations' governments also encourage the discovery of historic sites to promote revenue generation. These factors are leading to the expansion of the tourism sector, propelling air travel across many countries. These factors will continue to drive up the demand for luggage carts and airport dollies in the future.

"New Investments in Airport Infrastructure to Promote Growth"

The number of air passengers has surged tenfold over the past decade or so. Key factors for this include rise in consumer disposable incomes, improving airport infrastructure, and increasing travel and tourism activities. Due to the rise in air travel, major economies are making new investments for developing new airport infrastructure to offer better service to citizens and boost revenue growth. Active investments in the airline industry by the respective governments and improving infrastructure will certainly boost airport dolly demand in the forthcoming years.

RESTRAINING FACTORS

"Fluctuating Raw Material Prices Could Strangle Market Growth"

The cost of the raw materials required to make the airport trolley is unstable. Iron is the most volatile of all of these due to increased demand from various sectors. The production of steel uses around 98 percent of the iron ore mined worldwide. Depending on the grade and quality, ferroalloy costs vary from one place to another. Therefore, the fluctuating cost of the raw materials needed to make airport dollies as well as the other variables may limit the market's ability to expand globally.

AIRPORT DOLLY MARKET REGIONAL INSIGHTS

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"Rapid Adoption to Drive Market Growth Across North America"

Due to the quick adoption of airport dollies at its world-class airports and the rising number of flights, both domestic and international, North America is the market leader in the world for airport dollies. Due to its convenience and ability to save Americans significant time, air travel is preferred by the majority of individuals in the U.S. The number of passengers on domestic flights as well as on flights operated by American and international airlines increased, according to the Bureau of Transportation Statistics.

Additionally, there are several technology developments underway to create new dollies for airport operations. For example, the Chigoo trolley is a multilingual smart airport luggage carrier that was launched by China's Chigoo Airport. Chigoo ctrolley is anticipated to be used throughout all operations at China's major airports. Additionally, Hyderabad Airport unveiled the first IoT-enabled smart baggage trolleys in India. The first airport in India to use IoT for tracking and ensuring that luggage carts are always available for use by passengers is Hyderabad Airport.

Key Industry Players

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.

List of Market Players Profiled

• Fast Global Solutions (U.S.)
• TLD Group (Europe)
• Blumenbecker (Czech Republic)
• Clyde Machines (U.S.)
• Par-Kan (U.S.)
• TBD Owen Holland (U.K.)
• SPS International (England)
• Hanaoka Corp (Japan)
• Cartoo GSE (China)
• Bombelli (Italy)
• KNOTT Spol (Czech Republic)
• ISCAR GSE (U.S.)
• Shanghai Hangfu Airdrome Equipment (China)
• Shanghai SuPu Aviation Ground Equipment (China)
• DENGE (Turkey)
• LAS-1 (Latvia)
• PINON (U.S.)
• Shanghai Zhonggang (China)

REPORT COVERAGE

The examination of many aspects that contribute to the market's growth has been enclosed within the analysis report. Market trends, restrictions, and drivers that have a positive or negative influence on the market make up this category. This section conjointly discusses the numerous sectors and applications that will have a control on the market within the future. the info is predicated on current trends further as historical milestones. This section conjointly includes a breakdown of production volume on the worldwide market and for every class. the quantity of output by region is mentioned during this section. The analysis includes a rating analysis for every kind, manufacturer, area, and worldwide value.