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Aircraft Ground Support Equipment Market (Type - Mobile, and Fixed; Power Source - Electric, Non-electric, and Hybrid; Application - Aircraft Handling, Passenger Handling, and Cargo Handling): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : July, 2021

  • Rep Id : AT0031

  • Category : Automotive, Aerospace & Defence

  • Status : Published

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.

 


Aircraft Ground Support Equipment Market

Market Insight

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 loading operations.

 

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.

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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.


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