Airport Ground Support Equipment (GSE) caters to the additional aircraft and passengers requirement at the airport terminals, facilitating smooth transits with greater security. GSEs are mainly used at the robust airports for passenger, cargo, and aircraft handling. Simultaneously, these also help in the aircraft maintenance and services between flight stoppages.
Market Overview:
Airport Ground Support Equipment (GSE) is found at the airport terminals for additional aircraft and passenger support, facilitating smooth transits with greater security, accuracy, and increased performance. GSEs are mainly used for operations at the robust airports for aircraft handling, passenger handling, and cargo handling. Simultaneously, these also benefit the aircraft maintenance and service between flight stoppages.
Major Players:
Key players leading the market for the airport ground support equipment include JBT Corporation (US), Tug Technologies Corporation (US), Teleflex Lionel-Dupont Group (France), Mallaghan Engineering Ltd. (UK), Mulag Fahrzeugwerk GmbH (Germany), AMSS GSE (UK), Tronair Inc. (US), Gate GSE (Belgium), Shenzhen Cimc-Tianda Airport Support Co. Ltd. (China), and Avia Equipment Pte Ltd (Singapore) among others
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Increase in the air travels over the past decade has been prompting the increase in the crucial airport operations. Considering these factors the governments in the countries across the globe are increasingly investing in infrastructure development including the redevelopment of airports’ infrastructures. This, in turn, has led to an increase in the demand for airport GSE and substantial investments for the development of GSEs. As a result, the airport ground support equipment market is witnessing a rapid growth, worldwide, which is expected to increases further, during the forecast period.
Acknowledging the kind of growth, this market is garnering currently, Market Research Future (MRFR) in its recently published study report asserts that the global airport ground support equipment market will reach exponential heights by 2023; registering a striking, double-digit CAGR of approximately 12 % during the review period (2018 to 2023).
Over the past decade, air travels have been increased to a great deal and, along with it, is increasing the requirement for the support in the critical airport operations. Considering the increased demand for airport GSE, there have been substantial investments pouring in for the development of GSEs. Resultantly, the airport ground support equipment market is witnessing rapid growth, worldwide.
Moreover, the governments in the countries across the globe are increasingly investing in infrastructure development, including the redevelopment of airports’ infrastructures, which, in turn, is escalating the market, globally.
Global Airport Ground Support Equipment Market – Segments:
MRFR has segmented the analysis into five key dynamics; for better understanding:
By Types: Electric, Non-Electric, and Hybrid.
By Equipment: Assembly Tool and Movement Equipment among others.
By Application: Aircraft, Cargo, and Passengers among others.
By End-Users: Military Airports and Commercial Airports
By Regions: North America, Europe, APAC and Rest-of-the-World.
Global Airport Ground Support Equipment Market – Regional Analysis:
The North American region is expected to accounts for the leading market for the airport ground support equipment mainly due to the presence of major market players in the region. Besides the augmenting demand for electric and hybrid GSEs at airports drives the growth of the regional market.
Similarly, the Asia Pacific region is expected to be the second leading market for airport GSEs primarily due to the increasing expenses on the development and up-gradation of airport infrastructure in the region. Some of the APAC countries such as China, Malaysia, Indonesia, Thailand, Philippines, and India are witnessing a steady international air traffic growth in the recent years, which is resulting in higher investments on the airports by their governments.
The European region is rapidly emerging as a promising market for airport ground support equipment. The presence of many scenic destinations in the region such as Switzerland, Paris, Italy among others is attracting travel enthusiasts around the world. Simultaneously Countries such as the UK, Germany, and France with increasing industrialization and growing number of business are attracting business travellers, dictating the increase in air travels in the region. The growing demand for GSE to cater the increasing air passenger traffic defines the market landscape.
Competitive Landscape:
Highly competitive, the airport ground support equipment market appears to be fragmented due to the presence of numerous big and small players. Mergers & acquisitions, innovation, and brand reinforcement remain key trends for these players.
Using time-tested methodologies and best practices, these players develop a wide range of GSE that can cater to a range of applications, addressing the needs of airports. They bring together disparate point systems from multiple providers into an environment that addresses resource planning, passenger experience, and asset management.
Table of Content:
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Airport Ground Support Equipment Market, By Type
1.1.2. Global Airport Ground Support Equipment Market, By Power Source
1.1.3. Global Airport Ground Support Equipment Market, By Equipment
1.1.4. Global Airport Ground Support Equipment Market, By End User
1.1.5. Global Airport Ground Support Equipment Market, By Application
1.1.6. Global Airport Ground Support Equipment Market, By Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
Continued. . .
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