The global demand for Aircraft Ground Support Equipment Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Ground support equipment (GSE) is a term used in the aviation industry to describe support equipment generally located at airports and is used to service aircraft in between flights. The ground support equipment is usually housed on a ramp near the terminal for easy access when not in use. The primary goal of GSE is to ensure that the aircraft operates safely after landing and before taking off again. GSE is used for several tasks such as aircraft mobility, ground power operations, and cargo and passenger loading.
Market Dynamics
Airports are always undertaking significant upgrades to improve operational efficiency and reduce turnaround times. The ground support equipment is used in great numbers across airports because it plays such an essential role in increasing the speed of operations, thereby supplementing the market growth. Expansion of aviation infrastructure worldwide increased air traffic and cargo transportation, and technical developments in ground support equipment also promote market growth. As more people choose to travel by plane rather than other modes of transportation, the demand for aircraft ground support equipment will rise. The aircraft ground support equipment market is benefiting from the introduction of electric and hybrid ground support equipment. The aircraft industry's commitment to a sustainable environment is boosting the use of these technologies. Rising tourism and rental services will bolster the demand for ground support equipment, consequently augmenting the market's development. Covid-19 has severely affected the aviation industry. The suspension of commercial travel worldwide had a significant impact on airport ground operations, thus hindering the development.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of aircraft ground support equipment. The growth and trends of aircraft ground support equipment industry provide a holistic approach to this study.
Market Segmentation
This section of the aircraft ground support equipment market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Equipment
- Passenger Services
- Cargo Loading
- Aircraft Service
By Power
- Electric
- Non-Electric
- Hybrid
By Ownership
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Aircraft Ground Support Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Aircraft Ground Support Equipment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the aircraft ground support equipment market include JBT Corporation, Air T, Inc., Textron, Inc., China International Marine Containers (Group) Co., Ltd., Weihai Guangtai Airport Equipment Co., Ltd., Cavotec SA, ALVEST Group, MulagFahrzeugwerk Heinz Wössner GmbH u. Co. KG, Tronair, Inc., and Lektro Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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