Ground Support Equipment Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

With rising global trade, goods exchange and people traveling across different countries has increased tremendously in the past few years. Differentmodes of travelingwhich include land, marine, and air transport are used extensively for thetransit of passengers and goods. Air transportation has provided an effective long-distance transportation at relatively less time and comparable cost. Consistent growth in the aviation industry has boosted adjacent industries related to it. New infrastructure projects such as airports, cargo hubs, and infrastructures for aircraft services and maintenance are being developed at a brisk pace. Ground support equipment market is one such relevant and vital part in theoverall aviation and airportmanagement industry. Ground support equipment aids to service aircraft, passengers, and cargo during their scheduled arrival and departure.

The perpetually changing technology and advancements in aviation control system demand a constant monitoring and effective servicesto ensure smooth operations. In addition, other features such as ground locomotion of aircraft, passenger, and cargo also require specific equipment for proper aircraft and airport management. Ground support equipment provides quick response service to all the aforementioned tasks. Ground support equipment is segmented into different categories according to their application such as aircraft, passenger services and cargo handling and management. The system includes a number of equipment dedicated to their individual tasks such as refueling, conveyors, tow trucks and air handling units, among others. The use of ground support equipment has become essential for the quick service of modern day aircraft and effective airport management. This has significantly uplifted the insistence of ground support equipment.

A wide range of ground support equipment are used in order to provide services to passengers, aircrafts and cargo. Equipment such as buses, boarding stairs and bridges, lavatory service vehicle and catering vehicles falls under passenger service equipment. Ground power units, refueler vehicles, hydrant vehicles, pre-conditioned air units and anti-icing vehicles are categorized as aircraft service equipment. Whereas, pushback tugs and tractors, container loader, belt loaders/conveyors, and forklifts are categorized as cargo service equipment.

The report titled “Ground Support Equipment Market- Growth, Future Prospects and Competitive Landscape, 2021-2029” offers strategic insights into the global ground support equipment market with afocus on the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on type, service and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2019& 2029. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading ground support equipment manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include AERO Specialties, Inc., Aviapartner, TUG Technologies Corporation, Mallaghan Engineering Ltd., DENGE Airport Equipment, Transtec Overseas Pvt. Ltd., John Bean Technologies Corporation, NEPEAN ENGINEERING & INNOVATION PTY LTD, GATE & GATE GSE, Teleflex Lionel-Dupont (TLD) SA, Cavotec SA.and others. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the aviation industry and ground support equipment market.
• Market fullers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2019 - 2020)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global ground support equipment, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above-mentioned factors.

The global ground support equipment market is segmented, based on its types, into following categories:

• Non-electric
• Electric

As of 2020, electric ground support equipment dominated extensively in terms of revenue of the overall ground support equipment market worldwide. Electric equipment contributes a majority of ground support equipment. This equipment includes all the towing tractors, lifts and loaders, power units and other aircraft utilities and services. Electric equipment helps a faster and efficient management of aircraft passengers and cargo services. The power supplying equipment including generators and lighting equipment are also used extensively for aircraft service and management. With consistent rise in air traffic and cargo transportation, electric ground support equipment is also expected to maintain its dominance in the future.

The overall demand for non-electric equipment is estimated to remain average in this particular segment. Very few applications are managed and carried out with the help of non-electric equipment. Limited application and less cost of equipment compared to electric equipment results in less contribution in overall ground support equipment market.

The global ground support equipment market is segmented, based on its service, into following categories:

• Passenger Services
• Aircraft Services
• Cargo Services

As of 2020, aircraft servicesis the largest segment, in terms of revenue, of the overall ground support equipment market worldwide. Aircraft services include multiple services such as aircraft engine tuning and overhaul, maintenance of different control systems in aircraft such as hydraulics, pneumatics, and other electronics and electrical systems. All the control system are essential for smooth and safe working of aircraft. Consequently, aircraft services have become vital services for theaviation industry. Aircraft services are required by both passenger and cargo aircraft. Therefore, the demand for the aircraft services is expected to grow significantly in the following years.

Cargo services trail the aircraft services in overall ground support equipment market by services, as of 2020. Rising trades across different countries has boosted the cargo transit through aircraft. Aircraft provides a faster and convenient cargo transportation. With theconsistently increasing demand for air cargo, the demand for cargo services in ground support equipment is also expected to rise proportionally. Passenger services ground support equipment is also expected to show steady growth throughout the forecast period.

The global ground support equipment market has been segmented, on the basis of geographical regions, as per following regions and countries:

• North America
• U.S.
• Rest of North America
• Europe
• U.K.
• Germany
• France
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Rest of Asia Pacific
• Rest of the World (ROW)
• Middle East & Africa (MEA)
• Latin America

As of 2020, ground support equipment market worldwide is dominated by the North American region. A consistent rise in the aviation industry has been observed in the past few years in North America especially in the U.S. Rising trade activities and passenger transportation has encouraged the growth of aviation industry in North America. Consequently, the demand for ground support equipment has also shown significant growth along with the aviation industry. The U.S. contributes the majority of market share in overall ground support equipment market in terms of revenue.

Asia Pacific succeed North American region, in terms of revenue, of the global ground support equipmentmarket, as of 2020. The heavy concentration of industrial manufacturing and emerging market has boosted the trade significantly in Asia Pacific. Use of aircraft for cargo transportation has uplifted the aviation industry in this region. In addition, flourishing tourism in this region has also escalated the passenger transport through aircraft. With the growth in the aviation industry, the market for ground support equipment is also expected to show a significant growth in coming years.


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