Aircraft Ground Support Equipment Market
Aircraft Ground Support Equipment Market expected to reach 9.6 Bn, Will Expand At A CAGR Of 6.4% By 2020-2030
Airport Ground Support Equipment (GSE) is found in terminal areas of an airport. This equipment will support the aircraft maintenance and service between the flight's stoppages. It involves the applications such as aircraft handling, passenger handling, and cargo handling. The factors driving the growth of the airport Aircraft Ground Support Equipment Market Size include increasing air passengers, freight traffic, warehouse operations at airports, and number of airport expansions. However, there are some shortcomings in the airport ground support equipment, such as high maintenance cost and high cost involved in the replacement of ground support equipment. The market for airport Aircraft Ground Support Equipment Market trends is estimated to witness 12% CAGR during the forecast period.
Market Segmentation:
This study provides an overview of the Airport Aircraft Ground Support Equipment Market Size, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the airport Aircraft Ground Support Equipment Market Size by its type, equipment, application, end user, and region.
By Type
Electric
Non-electric
Hybrid
By Equipment
Assembly Tool
Movement Equipment
By Application
Aircraft Handling
Cargo Handling
Passenger Handling
By End-user
Defense
Commercial
By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Key Players:
The airport Aircraft Ground Support Equipment Market drivers Of Industry are JBT Corporation (US), Textron Ground Support Equipment Inc. (US), MULAG Fahrzeugwerk (Germany), Rheinmetall AG (Germany), TLD (France), Mallaghan Engineering Limited (UK), Tronair Inc. (US), GATE GSE (Belgium), Curtis Instruments, Inc. (US), STANGCO Industrial Equipment, Inc. (US), Shenzhen CIMC-TianDa Airport Support Ltd. (CIMC-TianDa) (China), Avia Equipment Pte Ltd (Singapore), Charlotte America (US).
Regional Analysis:
On the basis of region, the airport Aircraft Ground Support Equipment Market industry is segmented into North America, Asia Pacific, Europe, and Latin America. In the North American, the increased demand for electric and hybrid ground support equipment at the airport has bolster their presence in the market. In Asia Pacific, high investments in airport infrastructure and the growing demand for GSE to cater the increasing air passenger traffic in developing countries such as India and China will expected to boost their presence in the market. There were a number of contracts that fueled the market growth. Teleflex Lionel-Dupont Group signed a contract with KLM to supply full electric fleet loader in the year 2017. Similarly, in the year 2017, JBT Corporation acquired Aircraft Maintenance Support Services Ltd (AMSS), to expand their presence in the equipment maintenance market.
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