Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the aircraft ground support equipment market provides an 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 the long term. The report is a comprehensive presentation of trends, forecasts
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 about 6% over the forecast period of 2022-2028.
The revenue generated by the aircraft ground support equipment market was approximately over USD 4 billion in 2022 and is expected to reach more than USD 6 billion in 2028 with a CAGR of about 6% over the forecast years. 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.
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, the high handling costs of ground support
equipment are restraining the market growth. Moreover, innovations in
technologies used in ground support equipment, 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 American
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 accounted for the largest market
share in the aircraft ground support equipment market followed by Canada and
Mexico. Moreover, the Asia Pacific region is 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 the global aircraft
ground support equipment market covers segments such as type, power source, and
application. On the basis of type, the sub-markets include aircraft handling,
passenger handling, and cargo handling. On the basis of power source, the
sub-markets include electric, non-electric, and hybrid. On the basis of
application, the sub-markets include commercial, and defense.
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 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 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 the aircraft ground support equipment market. Moreover, the study
highlights current market trends and provides forecast from 2022-2028. 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 insight into the market share of the leading players.
Please Choose One of them.