A recent report published by
Infinium Global Research on aircraft ground support equipment market provides
in-depth analysis of segments and sub-segments in the global as well as
regional aircraft ground support equipment market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional aircraft ground support equipment market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of the global aircraft ground support equipment market. According
to the report, the global aircraft ground support equipment market is projected
to grow at a CAGR of 5.8% over the forecast period of 2021-2027.
Ground support equipment (GSE) is
an industry term usually found at an airport that is used to service the
aircraft between flights. Aircraft ground Support Equipment is generally kept
on a ramp near the terminal when not in use for quick accessibility. The main
purpose of these types of equipment is to support the safe operations of the
aircraft after landing and before taking off again. GSEs usually involve a
range of aircraft mobility, ground power operations, and cargo and passenger
Aircraft ground support equipment
market size is expected to reach approximately USD 5.86 billion in 2027, with
a CAGR of 5.8% during the forecast period. Expansion and development of airport
infrastructure are driving the demand for the aircraft ground support equipment
market. Airports being nuclei of economic activity assume a significant role in
the national economy. The quality of airport infrastructure, which is a vital
component of the overall transportation network, contributes directly to a
country's international competitiveness and the flow of foreign investment.
International Air Transport Association (IATA) works with airports and government
authorities on major airport development projects across the globe and seeks to
ensure that they result in adequate infrastructure for airlines. An increase in
air traffic and cargo, high service standards, and leasing of ground support
equipment are significant factors impacting the growth of the ground support
equipment market. A significant increase in the number of air passengers and
cargo transportation has been witnessed across the globe. In addition, this
growth is projected to continue throughout the forecast period, which is
anticipated to increase the adoption of advanced GSE by airports. However, high
handling costs of ground support equipment are restraining the market growth.
Moreover, innovations in technologies used in ground support equipment, and
automation of services, and modernization of GSE are providing opportunities to
the market players. As the COVID-19 pandemic continues around the world, many
global aerospace and defense industry companies are feeling the impact during
this uncertain time. The companies are experiencing disruption in production in
commercial aviation and slowing demand as workers go home, passengers stop
traveling, and customers defer delivery of new aircraft. Demand for spare parts
is also down since less maintenance is currently required.
Geographically, the North America
region dominates by the largest market share in the aircraft ground support
equipment market due to the presence of multiple airports and demand for the
production of lightweight aircraft. The U.S is accounted for the largest market
share in the aircraft ground support equipment market followed by Canada and
Mexico. Moreover, the Asia Pacific region expected to boost the growth of the
aircraft ground support equipment market in the forecast period due to the low
cost for commercial carriers and growing demand in the tourism sector. China
holds the highest share in the Asia-Pacific region followed by Japan and India.
The report on global aircraft
ground support equipment market covers segments such as type, power source, and
application. On the basis of type, the sub-markets include mobile, and fixed.
On the basis of power source, the sub-markets include electric, non-electric,
and hybrid. On the basis of application, the sub-markets include aircraft
handling, passenger handling, and cargo handling.
The report provides profiles of
the companies in the market such as AERO SPECIALTIES, INC., Cavotec SA, Textron
GSE, Flightline Support Ltd., GATE GSE, Imai Aero-Equipment Mfg. Co., Ltd., JBT
Corporation, Mallaghan, Teleflex Lionel-Dupont, and Guangtai.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of aircraft ground support equipment market. Moreover, the study
highlights current market trends and provides forecast from 2021-2027. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.