Global Ground Support Equipment Market Overview:
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. Some of the players profiled in the study are 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). According to Market Analyst at AMA, the Global Ground Support Equipment market may see a growth rate of 11.42% and would reach the market size of USD28.23 Billion by 2025.
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.
Market Growth Drivers
- Growing Air Traffic across the Globe
- Rising Logistics as well as Warehouse Operations at Airports
- Increasing Adoption of Smart Airport Construction in Developing Countries
- Rise in Demand for Electric Ground Support Equipment
- Excessive Funds required in Maintaining Ground Support Equipment
- Continues Introduction to Automated Equipment Leading to Increasing Investments
- Increasing Government Reimbursements in Infrastructure Development
- Increasing Freight and Passenger Movement across the Globe
- Volatile International Import and Export Rates
- Introduction to Automated Systems might act as Threat of Substitute
On 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.
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.”
Target Audience:Ground Support Equipment Manufacturers, Ground Support Equipment Distributors and Traders, Aerospace Service Providers, Logistics Service Providers, Aeronautics Industry Associations and Other
Major Objectives Focused through this Study To define, describe, and forecast the Global Ground Support Equipment market on the basis of product [Electric, Non-Electric and Hybrid] , application [Passenger Service, Commercial & Military Cargo and Aircraft Service], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Ground Support Equipment market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Ground Support Equipment industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research 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).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Ground Support Equipment market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.