ID: MRFR/A&D/4663-HCR | 100 Pages | Author: Sejal Akre | June 2023
Aircraft Ground Support Equipment Market expected to reach 9.6 Bn, Will Expand At A CAGR Of 6.4% By 2020-2030
$9.6 Billion
6.4%
North America
2020-2030
Airport Ground Support Equipment Market Overview
Market Dynamics
The demand for airport ground support equipment is increasing due to various countries' increasing investments in airport infrastructure. This led to drive the Airport Ground Support Equipment Market Growth in the review period.
For 2019, Italian airports handled over 193 million passengers, which shows a 4% growth compared to 2018. This shows the growth potential of the global Airport Ground Support Equipment Market in the forecast period.
The market players of the airport ground support equipment global market have significant growth opportunities due to the increasing need for aircraft maintenance and growing investments in airport infrastructure.
Similarly, the increasing innovations in technologies used in the GSE bring more opportunities for the global market to generate a higher market share for the Airport Ground Support Equipment Market Forecast period.
The global Airport Ground Support Equipment Industry might experience major restraints due to the high cost involved in the older GSE replacement and the high maintenance costs of the equipment.
In the past few years, the cost of electric ground support equipment has witnessed a decline. But, still, this equipment is more expensive as compared to its diesel variants. For instance, electric ground support equipment is difficult to deploy in small- and medium-sized airports.
The increasing adoption of electric GSE at airports can leads to major challenges due to the conventional diesel GSE deployment. Here, the electric GSE needs the power grids supplying power to airports and regular charging, which often results in the overloading of electric grids.
As per the Airport Ground Support Equipment Market Forecast report, the market leaders are looking to combat this situation and bring more scope to the global market.
The increasing airport expansions, warehouse operations at airports, and growing air passenger and freight traffic are responsible for the market growth.
Further, the global Airport Ground Support Equipment Global Market has witnessed significant growth in recent years, which is predicted to continue in the upcoming years.
Market Segment Overview
The Airport Ground Support Equipment Market has been classified into non-electric, hybrid, and electric based on the power source segment.
Out of all segments, the non-electric segment is projected to acquire Airport Ground Support Equipment Industry Share in 2018. In the forecast period, the electric segment is estimated to generate the highest CAGR.
The Airport Ground Support Equipment Market has been classified into mobile and fixed in terms of type segment.
In 2018, the mobile segment was projected to dominate the Airport Ground Support Equipment Market Size. Further, this segment is projected to generate a higher CAGR for the assessment period.
The Airport Ground Support Equipment Industry has been classified into movement equipment and assembly tool based on equipment segment.
For 2018, the movement equipment segment is registered to account for the larger Airport Ground Support Equipment Market Size. Further, this segment is registered to generate a higher CAGR in the upcoming years.
The Airport Ground Support Equipment Industry has been segregated into cargo handling, passenger handling, and aircraft handling in the application segment.
In 2018, the aircraft handling segment was predicted to register the largest Airport Ground Support Equipment Market Share. Further, this segment is predicted to generate the highest CAGR for the research timeframe.
The Airport Ground Support Equipment Industry has been segregated into the military and commercial airports in terms of the end-user segment.
In 2018, the commercial airport segment was projected to register larger Airport Ground Support Equipment Market Revenue and is projected to register the higher CAGR during 2019 to 2025.
Regional Analysis.
Regionally, the Airport Ground Support Equipment Market Trends has been segregated into Asia-Pacific, Latin America, Middle East & Africa, Europe, and North America.
For 2018, the North America Airport Ground Support Equipment Market is projected to account for a significant market share. For instance, the Asia-Pacific is projected to register the highest CAGR for the research timeframe of 2019 to 2028. Many factors contribute to the growth of the Asia-pacific regional global market, such as the increasing government investment by the countries like India for airport infrastructure development and growing new aircraft demand to cater to the rising air passenger traffic.
Competitive Landscape Analysis
According to the Airport Ground Support Equipment Market Analysis, the marketing leaders are the right hand of the global market who are contributing more significantly to the global market. These market leaders are:
In the global Airport Ground Support Equipment Market Trends, the key leaders are making efforts to promote the equipment and adopting new innovative techniques to develop the new equipment.
Recent Developments
Report Overview
According to the Airport Ground Support Equipment Market Outlook report, the report has involved both primary and secondary research methods to understand the growth aspects of the global market. Further, this report has been analyzed by using both qualitative and quantitative methods.
The Airport Ground Support Equipment Market Outlook report has covered the regional analysis, recent developments, market segments, market dynamics, and competitive analysis. For instance, the global market has witnessed the global market has heavy competition over the various regions.
Segmental table:
By Power Source:
By type:
By Equipment:
By Application:
By End-users:
The Asia Pacific region is generating a higher Airport Ground Support Equipment Market Share for 2019-2028.
The Airport Ground Support Equipment Market has been segregated into the application, end-users, power source, equipment, and types.
The Airport Ground Support Equipment Market has driven its growth due to the increasing investments in the airport infrastructure, increasing several airport expansions, and increasing warehouse operations at airports.
Key Questions Answered
Why Choose Market Research Future?