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Ground Support Equipment Market by Type, Application, End Use, Component, and Region - Global Forecast to 2022

Ground Support Equipment Market: Global Forecast until 2022

  • July 2017
  • 167 pages
  • ID: 4998218
In this report:
The forklifts segment is expected to be worth USD ##.## million in 2017, which is projected to reach USD ##.## million by 2022, registering a CAGR of ##.##% during the forecast period.
The pushback tractors segment is expected to be worth USD ##.## million in 2017, which is projected to reach USD ##.## million by 2022, registering a CAGR of ##.##% during the forecast period.

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"Growing demand for electric and hybrid ground support equipment is anticipated to be one of the most significant factors driving the rise of the ground support equipment market."

The Ground Support Equipment market is estimated to grow ~$24.7B by 2022, at a compound annual growth rate of ~11.8 percent between 2017 and 2022. Ground support equipment are an integral part of airport operations. GSEs perform different functions, including aircraft maintenance, aircraft fueling, ground power, transporting cargo, and so on. GSE largely comprise off-road type equipment that are powered by gasoline or diesel. The increase of this market is assigned to the increasing demand for ground support equipment with green technology and the growing number of airport expansion and development projects around the globe. The GSE market is also facing some restraints including availability of excess idle ground support equipment. The GSE providers and numerous airports are focusing on replacing such idle ground support equipment with new and improved ground support equipment.

"The commercial platform segment expected to be the largest sector for ground support equipment in 2017"

Established on end use, the commercial segment is forecasted to be the biggest industry for ground support equipment in 2017. According to the International Air Transport Association, the overall air traffic is estimated to double over the next two decades. The market demand for aircraft orders is also growing across the globe due to this factor. With this, the industry demand for commercial ground support equipment is anticipated to witness significant rise.

"North America continent forecasted to be the largest industry for ground support equipment in 2017"

North America (NA) is the biggest market for ground support equipment. The GSE market in this area is very competitive due to the presence of a big number of original component manufacturers and original equipment manufacturers including Tug Technologies and Tronair Inc., among others. The need for modernization of existing airports in the USA is predicted to push the increase of the GSE market in North America continent.

Key manufacturers and suppliers of ground support equipment in North America (NA) contain JBT Corporation, TUG Technologies Corporation. , and Tronair Inc., among others.

Distribution of profile of primary members taking part in the aircraft brake system market:

• By Company category: Tier 1 - 33.0 percent, Tier 2 - 28.0 percent, and Tier 3 - 39.0 percent

• By Description: C-suite - 30.0 percent, D-level - 20.0 percent, and Others - 50.0 percent

• By Area: North America continent - 27.0 percent, EU - 18.0 percent, Asia Pacific (APAC) - 46.0 percent, and rest of the world - 9.0 percent

Main firms decribed in the study include as JBT Corporation, Teleflex Lionel-Dupont Group, GATE GSE, AMSS GSE, Mallaghan Engineering Ltd., Tug Technologies Corporation, Tronair Inc., MULAG Fahrzeugwerk GmbH, and Clyde Machines Inc., among others.

Segment Research

This market report classifies the ground support equipment market established on category, application, end use, component, and area. Established on category, the industry has been classified into electric, non-electric, and hybrid. Established on application, the sector has been divided into passenger service, commercial cargo service, commercial aircraft service, military cargo service, and military aircraft service. Established on end use, the industry has been categorized into commercial and defense. Established on component, the sector has been categorized into equipment and MRO. With respect to area, the ground support equipment market has been divided into north america, Europe (EU), Asia Pacific (APAC), Middle East (ME), and Rest of the globe.

Why acquiring this study can help you:

From an insight prospect, this market research highlights on several levels of analyses - industry study ; market share research of top players; company descriptions; coming out and high-growth segments of the market; high-growth areas; and sector drivers, market restraints, alternatives, and opportunities.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on ground support equipment provided by key players in the industry

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the ground support equipment market

• Market Development: Highlighted information about lucrative sectors - the market research examines the sector for ground support equipment across several areas

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the ground support equipment market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the ground support equipment market

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