About Ground Support Equipment
Global Air traffic, as well as international trades, has been increased robustly over the last decade. That will ultimately increase the demand for ground support equipment (GSE) applications such as passenger handling, aircraft handling as well as cargo handling. Equipment such as ground power units, deicers, fuel trucks, hydrant trucks, pre-conditioned air (PCA) units and many others are used as aircraft ground level operations and handling. It also covers the passenger handling equipment such as belts conveyors, passenger buses and many others. In addition to this, global ground support equipment handling also covers cargo handling applications including push back tractors, forklifts and others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 6.6% |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Ground Support Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Teleflex Lionel-DuPont (France), JBT Corporation (United States), Tug Technologies Corporation (United States), Fast Global Solutions (United States), Cavotec (Switzerland), Mallaghan (United States), MULAG (Germany), HYDRO (United States), Nepean (Australia) and Tronair Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Imai Aero-Equipment Mfg. Co., Ltd. (Japan), Aero Specialties (United States), Global Ground Support (United States), Toyota Industries Corp (Japan), DOLL (Germany), Gate GSE (Belgium), Shenzhen TECHKING (China), Hangfu Airdrome Equipment (China) and Guangtai Airports Equipment (China).
Segmentation Overview
AMA Research has segmented the market of Global Ground Support Equipment market by Type (Electric, Non-Electric and Hybrid), Application (Passenger Service, Commercial & Military Cargo and Aircraft Service) and Region.
On the basis of geography, the market of 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). If we see Market by Component, the sub-segment i.e. Equipment will boost the Ground Support Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Commercial will boost the Ground Support Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Smart Airport Construction in Developing Countries and Rise in Demand for Electric Ground Support Equipment
Market Growth Drivers:
Growing Air Traffic across the Globe and Rising Logistics as well as Warehouse Operations at Airports
Challenges:
Volatile International Import and Export Rates and Introduction to Automated Systems might act as Threat of Substitute
Restraints:
Excessive Funds required in Maintaining Ground Support Equipment and Continues Introduction to Automated Equipment Leading to Increasing Investments
Opportunities:
Increasing Government Reimbursements in Infrastructure Development and Increasing Freight and Passenger Movement across the Globe
Market Leaders and their expansionary development strategies
In July 12, 2018, a global technology solutions provider as well as ground support equipment provider, JBT Corporation has acquired FTNON which is a global manufacturer of equipment and solutions headquartered in the Netherlands. FTNON has been acquired for the value of 32 million Euros.
In October 2022,UL Solutions is a global safety science company headquartered in Northbrook, Illinois. Its new service will allow electric ground support equipment to meet the UL 5840:2022 Standard for Electrical Systems of Battery Powered Aviation Ground Support Equipment.
The United State Government’s, “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 who may face similar regulations in the future.”
Key Target Audience
Ground Support Equipment Manufacturers, Ground Support Equipment Distributors and Traders, Aerospace Service Providers, Logistics Service Providers, Aeronautics Industry Associations and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.