Ground Support Equipment Market Scope
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.
According to AMA, the Global Ground Support Equipment market is expected to see growth rate of 11.42% and may see market size of USD28.23 Billion by 2026.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Ground Support Equipment market throughout the predicted period.
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 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).
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 total available market.
The study have segmented the market of Global Ground Support Equipment market by Type (Electric, Non-Electric and Hybrid), by Application (Passenger Service, Commercial & Military Cargo and Aircraft Service) and Region with country level break-up.
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).
Market Leaders and their expansionary development strategies
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.”
- Increasing Adoption of Smart Airport Construction in Developing Countries
- Rise in Demand for Electric Ground Support Equipment
- Growing Air Traffic across the Globe
- Rising Logistics as well as Warehouse Operations at Airports
- Increasing Government Reimbursements in Infrastructure Development
- Increasing Freight and Passenger Movement across the Globe
- Excessive Funds required in Maintaining Ground Support Equipment
- Continues Introduction to Automated Equipment Leading to Increasing Investments
- Volatile International Import and Export Rates
- Introduction to Automated Systems might act as Threat of Substitute
Key Target AudienceGround Support Equipment Manufacturers, Ground Support Equipment Distributors and Traders, Aerospace Service Providers, Logistics Service Providers, Aeronautics Industry Associations and Other