Aircraft Ground Support Equipment Market Scope
Aircraft ground support equipment (GSE) are used to serve the aircraft between flights at airports. Passenger transport, freight & baggage handling, aircraft repair & maintenance and maneuvering & refueling functions are prime applications of aircraft ground support system. On the other hand, rising imports of aircraft ground support equipment within developing nations would provide lucrative opportunities for the market in the upcoming years. Asia-Pacific is expected to be the fastest growing market owing to rapid development of airports within this region
According to AMA, the Global Aircraft Ground Support Equipment market is expected to see growth rate of 9.8%Aircraft Ground Support Equipment market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States, German Manufacturers will contribute to the maximum growth of Global Aircraft Ground Support Equipment market throughout the predicted period.
JBT Corporation (United States), ALVEST (France), Air T Inc. (United States), Alberth Aviation (United States), Cavotec SA (Switzerland), Clyde Machines (United States), Textron Inc. (United States), Weihai Guangtai Airport Equipment (China), China International Marine Containers (China), Kalmar Motor (United States), HYDRO SYSTEMS KG (United States) and Tronair (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Lektro (United States), Charlatte Of America (United States), Schopf Maschinenbau (Germany), Mulag Fahrzeugwerk Heinz Wossner (Germany), Mallaghan Engineering (United Kingdom) and Nepean Engineering & Innovation (Australia).
Segmentation Overview
The study have segmented the market of Global Aircraft Ground Support Equipment market by Type (Electric, Non-electric and Hybrid), by Application (Passenger Service, Commercial Cargo Service, Commercial Aircraft Service, Military Cargo Service and Military Aircraft Service) and Region with country level break-up.
On the basis of geography, the market of Aircraft Ground Support Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increase in the Number of Aircraft Deliveries Across the World and Surged Focus Towards Procurement of Greener Ground Support Equipment
Market Growth Drivers:
The Stringent Government Regulations to Boost Aircraft Ground Support Equipment, Increased Focus of Airports on Enhancing Operational Efficiency, Surge in Air Traffic and Cargo and Growing Number of Airports and Increasing Warehouse Operation at Airports
Challenges:
Huge Initial Investment
Restraints:
Excessive Number of Idle Equipment
Opportunities:
Rising Imports of Aircraft Ground Support Equipment within Developing Nations and Rapid development of Airports in Emerging Economies Including India, Brazil, China and Others
Market Leaders and their Expansionary Development Strategies
In September 2019, Prime Flight Aviation Services, Inc and Air T, Inc Announce the acquisition by the prime flight of global aviation services, LLC a business unit of Air T, Inc. Global Aviation Service is a leading provider of aviation ground support equipment maintenance. GAS will operate with its own brand and leadership team.
The California Environmental Protection Agency has issued new air regulations, via the California Air Resources Board (CARB), for ground support equipment (GSE) at airports. The new rule has placed an unexpected burden on the ground handling community in California, and the rule’s promulgation is equally concerning to NATA members in other states.
Key Target Audience
Aircraft Ground Support Equipment (GSE) Manufacturers, Subcomponent Manufacturers and Suppliers, Aircraft GSE Retailers, Wholesalers, and Distributors, Maintenance, Repair, and Overhaul (MRO) Service Providers, Technology Support Providers, Logistical Partners and Transporters, Airport Authorities and Airlines and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.