Global Airport Ground Support Equipment Market Research Report: Information by Type (Fixed and Mobile), Power Source (Hybrid, Electric, and Non-Electric), Application (Aircraft Handling, Cargo Handling, and Passenger Handling), Equipment (Assembly Tool and Movement Equipment), End User (Military Airport and Commercial Airport) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2025
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.
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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).
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.
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.
Fervent players driving the market for the airport ground support equipment include JBT Corporation (U.S.), Teleflex Lionel-Dupont Group (France), Tug Technologies Corporation (U.S.), Mallaghan Engineering Ltd. (U.K), AMSS GSE (U.K), Tronair Inc. (U.S.), Mulag Fahrzeugwerk GmbH (Germany), Gate GSE (Belgium), Avia Equipment Pte Ltd (Singapore), and Shenzhen Cimc-Tianda Airport Support Co. Ltd. (China).
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