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Pulished Date April, 2020
ID: 9391
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Global Ground Support Equipment Market segmentation by type (Hybrid, Electric and Non-Electric), component (Brownfields, Greenfield and MRO), end-user (Defense and Commercial), and region- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2025

Pulished: April, 2020
ID: 9391
Pages: 150

Ground Support Equipment Market Size & Growth (2020 - 2025)

The global ground support equipment market is projected to grow from $ 7.95 billion in 2019 to $ 9.7 billion by 2025, expanding at a compound annual growth rate of 4.45% from 2020 to 2025. The global market is dominated by the commercial cargo services segment and is expected to grow at the highest rate in the coming years, followed by military cargo service.

Over the years, the aviation industry has experienced continuous growth in the development of ground support equipment. The ground support equipment market is primarily stimulated by increased air traffic; increase in terminal extensions and modernization; increase in the number of passengers; and the increase in the number of aircraft deliveries worldwide. However, the need for significant initial investments is possible impediments to market growth.

Recent developments:

  • In April 2019, Cavotec received a $ 9.6 million contract from Bahrain International Airport to supply floor cooling systems for next-generation aircraft. The agreement also includes the design, engineering, installation, testing and commissioning of Cavotec PCA Arx Dop Arctic Sub-freezing DX units, as well as the delivery of underground well systems that reduce the number of vehicles required to keep an airplane.
  • In June 2017, JBT Corporation made a deal to acquire Aircraft Maintenance Support Services (AMSS). AMSS manufactures military equipment loaders, lifting devices, pallet haulers, portable docks and manufacturing stands, service carts, and escalators for its customers in the UK, Europe, the Middle East, and Asia. 
  • In August 2018, JBT Corporation added a fifth conventional push tractor to its B950 range, capable of handling most wide-body aircraft, especially the B767, A300, A310 and A330. The B950 field can handle the new B787 and A350 and the larger B777 and A340 in all configurations. 

Market Drivers and Restraints:

Depending on the current and future impact of the various factors affecting the global ground support equipment market, airports' increased focus on improving operational efficiency, increasing air and cargo traffic, and increased emphasis on green supply GSE should have a positive influence on the market during the outlook period. Also, the emerging use of wireless technology and high service standards are supposed to drive market growth.

However, the impact of factors such as the high costs involved is anticipated to limit business expansion during the prediction period.

Market Segmentation:

Depending on the type, the market is segmented into a hybrid, electric and non-electric. In 2018, the electricity segment dominated the market, followed by the hybrid, and it is expected that this segment will dominate in the coming years. The growing demand for clean, efficient and environmentally friendly ground handling equipment technologies is one of the main factors driving the electric segment demand in the ground handling equipment market for the 2020-2025 forecast period.

Depending on the component, the market is segmented into brownfields, greenfield and MRO. In 2018, the greenfield segment dominated the market, followed by the brownfield, and it is expected that this segment will be dominant in the coming years. The increase in purchasing power in developing economies is one of the main drivers of the ground support equipment market for the projection period.

Depending on the end-use, the global ground support equipment market is segmented into defense and commercial. In 2018, the commercial segment dominated this market, and it is expected that this segment will be dominant in the years to come. One of the main factors driving the demand for the commercial sector in the ground support equipment market is the increase in freight, aircraft and passenger movements around the world. With the rise in transportation and passenger traffic, the frequency of aircraft movements and flights is also increasing, which is anticipated to increase demand for commercial ground support equipment in future.

Regional Analysis:

The geographic division of the market includes North America, Asia-Pacific, Europe, Latin America, the Middle East and Africa. In 2018, North America was the key market, followed by Europe. In 2018, the USA was the leading market for North America and the world. The increased demand for hybrid and electric ground support equipment is an essential factor driving the market for ground support equipment market in the United States region of North America. The Asia-Pacific, Latin America and the Middle East and Africa regions are presumed to grow at a sustained pace due to increased investment by several developing countries such as India, Brazil and China, among others. Asia-Pacific is foreseen to grow at the highest CAGR for the forecast period.

The Middle East ground support equipment market is foreseen to reach the highest CAGR over the outlook period due to a continuing increase in the number of airport expansion projects to accommodate the growing number of air passengers and cargo movements.

Key market players:

The main players in the ground support equipment market are JBT Corporation (USA), Teleflex Lionel-Dupont (TLD) (France), Mallaghan (UK), Tug Technologies Corporation (Textron GSE) (USA), Tronair (United States), MULAG Fahrzeugwerk (Germany), Guangtai (China), Rheinmetall AG (Germany), ITW GSE (Denmark) and Cavotec (Switzerland). These players adopted various growth strategies, such as contracts, acquisitions, expansions, new product launches and partnerships to further expand their presence in the global ground support equipment market.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Ground Support Equipment Market, By Type                             

                                6.1.1 Hybrid       

                                6.1.2 Electric      

                                6.1.3 Non-Electric            

                                6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Ground Support Equipment Market, By Component                               

                                6.2.1 Brownfields            

                                6.2.2 Greenfields            

                                6.2.3 MRO          

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Ground Support Equipment Market, By End-User                    

                                6.3.1 Defense   

                                6.3.2 Commercial            

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Component      

                                7.2.4 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Component      

                                7.3.4 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Component      

                                7.4.4 By End-User           

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Component      

                                7.5.4 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Component      

                                7.6.4 By End-User           

8. Key Player Analysis                                    

                8.1 JBT Corporation                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Teleflex Lionel-Dupont                          

                8.3 Mallaghan                   

                8.4 Tug Technologies Corporation                            

                8.5 Tronair                          

                8.6 MULAG Fahrzeugwerk                          

                8.7 Guangtai                      

                8.8 Rheinmetall AG                        

                8.9 ITW GSE                       

                8.10 Cavotec                     

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Type, By Material and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Global Ground Support Equipment Market By Region, From 2020-2025 ( USD Billion )

Global Ground Support Equipment Market By Type, From 2020-2025 ( USD Billion )

Global Hybrid Market By Region, From 2020-2025 ( USD Billion )

Global Electric Market By Region, From 2020-2025 ( USD Billion )

Global Non-Electric Market By Region, From 2020-2025 ( USD Billion )

Global Ground Support Equipment Market By Component, From 2020-2025 ( USD Billion )

Global Brownfields Market By Region, From 2020-2025 ( USD Billion )

Global Greenfields Market By Region, From 2020-2025 ( USD Billion )

Global MRO Market By Region, From 2020-2025 ( USD Billion )

Global Ground Support Equipment Market By End-User, From 2020-2025 ( USD Billion )

Global Defense Market By Region, From 2020-2025 ( USD Billion )

Global Commercial Market By Region, From 2020-2025 ( USD Billion )

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