Aviation Industry | Ground Support Equipment Market | 24.69 Billion USD by 2022

The ground support equipment market is projected to reach USD 24.69 Billion by 2022, at a CAGR of 11.76% from 2017 to 2022. Factors such as the increasing demand for electric and hybrid GSE and the increasing number of airport expansions and development are the main reasons for the growth of the market.

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Research Methodology:

Market size estimation for various segments and subsegments of the ground support equipment market was arrived at by referring to varied secondary sources, such as Hoovers, Bloomberg Businessweek, Factiva, annual reports, and publications, among others. Furthermore, market triangulation was performed with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data. This data was consolidated with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

The ground support equipment market ecosystem comprises manufacturers such as JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), GATE GSE (Belgium), AMSS GSE (UK), Mallaghan Engineering Ltd. (UK), Tug Technologies Corporation (US), Tronair Inc. (US), MULAG Fahrzeugwerk GmbH (Germany), and Clyde Machines Inc. (US), among others.

Key Target Audience

• Ground Support Equipment (GSE) Manufacturers
• Original Equipment Manufacturers (OEMs) and Service Providers
• Subcomponent Manufacturers and Suppliers
• GSE Retailers, Wholesalers, and Distributors
• Maintenance, Repair, and Overhaul (MRO) Service Providers
• Technology Support Providers
• Logistical Partners and Transporters
• Solutions & Software Providers
• Airport Authorities and Airlines

Scope of the Report

This research report categorizes the ground support equipment market into the following segments and subsegments:

• Ground Support Equipment Market, By Type
  • Electric
  • Non-electric
  • Hybrid
• Ground Support Equipment Market, By Application
  • Passenger Service
  • Commercial Cargo Service
  • Commercial Aircraft Service
  • Military Cargo Service
  • Military Aircraft Service
• Ground Support Equipment Market, By End Use
  • Commercial
  • Defense
• Ground Support Equipment Market, By Component
  • Equipment
  • MRO
• Ground Support Equipment Market, by Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Rest of the World

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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Ground Support Equipment Market | The electric GSE segment projected to witness the highest growth

The ground support equipment market is projected to grow from USD 14.16 Billion in 2017 to USD 24.69 Billion by 2022, at a CAGR of 11.76% during the forecast period. This growth can be attributed to the increasing demand for electric and hybrid ground support equipment to cater the increasing air passenger and freight traffic, increase in warehouse operations at airports, and increasing number of airport expansions and development projects.

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Objectives of the Study:

The report analyzes the ground support equipment market based on type (electric, non-electric, hybrid), application (passenger service, commercial cargo service, commercial aircraft service, military cargo service, military aircraft service), end use (commercial, defense), component (equipment, MRO), and region (North America, Europe, Asia Pacific, Middle East, and Rest of the World).

The report provides in-depth market intelligence regarding the ground support equipment market and major factors, including drivers, restraints, opportunities, and challenges that may influence the growth of the market. It also provides an analysis of micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market.

The report also covers competitive developments such as long-term contracts, new product launches and developments, and research & development activities in the ground support equipment market, in addition to business and corporate strategies adopted by key market players.

Asia-Pacific ground support equipment market projected to witness the highest growth during the forecast period

The ground support equipment market in the Asia Pacific region is anticipated to grow at the highest CAGR from 2017 to 2022. This growth is primarily driven by the increase in aircraft orders, enhancement of airport infrastructures, and growing air passenger and cargo traffic. According to the China Civil Aviation, China’s yearly demand for ground support equipment is expected to increase due to the new airport developments and expansions as well as replacement of old ground support equipment.

Key manufacturers and suppliers of ground support equipment include JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), Tug Technologies Corporation (US), Tronair Inc. (US), and AMSS GSE (UK), among others.

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About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
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Ground Support Equipment Market: The passenger service segment to account for the largest market share in 2017

“Increasing demand for electric & hybrid GSE and rising number of airport expansions and developments are the key factors influencing growth of the ground support equipment market”

This report provides an in-depth analysis of the Ground Support Equipment (GSE) market from 2017 to 2022. It discusses industry and technological trends prevailing in the market. Furthermore, the report analyzes factors that are anticipated to drive or restrain the growth of the market in the near future. The ground support equipment market is projected to grow at a CAGR of 11.76% from 2017 to 2022. 

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Ground support equipment are an integral part of airport operations and include all equipment that are used at airport to cater aircraft between flights for handling of passengers, cargo, and aircraft at ground level. Ground support equipment majorly comprises aircraft pushback, tow tractors, container loaders, passenger buses, cabin service vehicles, deicers, ground power units (GPU), aerial lifts, test units, forklifts, belt loaders, and boarding stairs, among others. 

Innovations in the ground support equipment market have led to the development of operationally efficient, environmentally clean, and economically viable solutions. Various airports have also been undertaking initiatives to reduce their carbon emissions, thereby leading to an increase in the procurement of GSE which comply with the latest emission norms.

The ground support equipment market in the Asia Pacific region is anticipated to grow at the highest CAGR from 2017 to 2022. This growth is primarily driven by the increase in aircraft orders, enhancement of airport infrastructures, and growing air passenger and cargo traffic. According to the China Civil Aviation, China’s yearly demand for ground support equipment is expected to increase due to the new airport developments and expansions as well as replacement of old ground support equipment.

Key manufacturers and suppliers of ground support equipment include JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), Tug Technologies Corporation (US), Tronair Inc. (US), and AMSS GSE (UK), among others.

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com