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Airport Ground Support Equipment Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41210
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The airport ground support equipment (GSE) market has the potential to grow by USD 1.17 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.29%.

This airport ground support equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (powered airport GSE and non-powered airport GSE) and geography (North America, Europe, APAC, South America, and MEA). The airport ground support equipment market report also offers information on several market vendors, including Alvest SAS, Cavotec SA, MULAG Fahrzeugwerk GmBH u Co. KG, ITW GSE ApS, John Bean Technologies Corp., Mallaghan Engineering Ltd., Rheinmetall AG, Textron Inc., Tronair Inc., and Weihai Guangtai Airport Equipment Co. Ltd. among others.

What will the Airport Ground Support Equipment Market Size be in 2021?

Airport-Ground-Support-Equipment-Market-Market-Size-2020-2025

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Airport Ground Support Equipment Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rise in construction and upgradation of airports is notably driving the airport ground support equipment market growth, although factors such as cost pressure on airport GSE manufacturers may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the airport ground support equipment industry get your FREE report sample now.

  • The rise in construction and upgradation of airports will fuel the growth of the airport ground support equipment market size.
  • Factors such as the growing middle-class population in emerging economies, the inclination of this population toward air travel, and the rise in the working-age population globally are expected to increase the total air passenger traffic.
  • With the proliferation of air travel passengers, the demand for airport GSE has increased as it facilitates efficient airport operations.
  • The rising number of passengers has compelled airport authorities across the world to increase the capacity of airports.
  • Such investments in airports provide significant growth opportunities for vendors in the airport GSE market. 
  • The growing construction of cargo terminals will drive the airport ground support equipment market growth.
  • To handle the increasing global air cargo trade volume, many airport and airline operators are working on developing dedicated air cargo terminals.
  • Cargo terminals need GSE to reduce the rising congestion of goods and ensure proper loading of cargo onto the aircraft.
  • The rising demand for air cargo has increased investments in new airport GSE.
  • In addition, with the rising demand for cargo shipment, many cargo operators are investing in new cargo terminals. 
  • Such investments in the establishment of dedicated cargo terminals are expected to further drive the demand for airport GSE during the forecast period.

This airport ground support equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Airport Ground Support Equipment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alvest SAS
  • Cavotec SA
  • MULAG Fahrzeugwerk GmBH u Co. KG
  • ITW GSE ApS
  • John Bean Technologies Corp.
  • Mallaghan Engineering Ltd.
  • Rheinmetall AG
  • Textron Inc.
  • Tronair Inc.
  • Weihai Guangtai Airport Equipment Co. Ltd. 

 

The airport GSE market is fragmented and the vendors are deploying growth strategies such as long-term collaborations with airlines and airport authorities to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the airport ground support equipment market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Airport Ground Support Equipment Market?

Airport-Ground-Support-Equipment-Market-Market-Share-by-Region-2020-2025

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30% of the market’s growth will originate from APAC during the forecast period. China is a key market for airport ground support equipment in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

An increase in government spending for infrastructure development, the growing GDP of the region, and the liberalization of regulations related to air transportation will facilitate the airport ground support equipment market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Airport Ground Support Equipment Market?

Airport-Ground-Support-Equipment-Market-Market-Share-by-Type-2020-2025

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The airport ground support equipment market share growth by the powered airport GSE segment will be significant during the forecast period. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the airport ground support equipment market size.

 

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What are the Key Factors Covered in this Airport Ground Support Equipment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive airport ground support equipment market growth during the next five years
  • Precise estimation of the airport GSE market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the airport ground support equipment industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of airport ground support equipment market vendors

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Airport Ground Support Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2021-2025

$ 1.17 billion

Market structure

Fragmented

YoY growth (%)

2.33

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 30%

Key consumer countries

US, China, Germany, UK, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alvest SAS, Cavotec SA, MULAG Fahrzeugwerk GmBH u Co. KG, ITW GSE ApS, John Bean Technologies Corp., Mallaghan Engineering Ltd., Rheinmetall AG, Textron Inc., Tronair Inc., and Weihai Guangtai Airport Equipment Co. Ltd. 

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025
    • Recovery phase

    Five Forces Analysis

    • Five force summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Powered airport GSE - Market size and forecast 2020-2025
    • Non-powered airport GSE - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption
    • Competitive scenario

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Alvest SAS
    • Cavotec SA
    • MULAG Fahrzeugwerk GmBH u Co. KG
    • ITW GSE ApS
    • John Bean Technologies Corp.
    • Mallaghan Engineering Ltd.
    • Rheinmetall AG
    • Textron Inc.
    • Tronair Inc.
    • Weihai Guangtai Airport Equipment Co. Ltd. 

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    Airport Ground Support Equipment market growth will increase by $1901.52 million during 2019-2024.
    The airport ground support equipment market is expected to grow at a CAGR of 4.19% during 2019-2024.
    Technavio has segmented the airport ground support equipment market by type (Powered airport GSE and Non-powered airport GSE) ,distribution channel (Offline and Online) , and geographic (North America, Europe, South America, and APAC).
    Alvest Group Co., Cavotec SA, Heinz Wössner GmbH u. Co. KG, ITW GSE ApS, John Bean Technologies Corp., Mallaghan Engineering Ltd., Rheinmetall AG, Textron Inc. , Tronair Inc., Weihai Guangtai Airport Equipment Co. Ltd. are a few of the key vendors in the airport ground support equipment market.
    APAC will register the highest growth rate of 32.83% among the other regions. Therefore, the airport ground support equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • Russian Federation
    • Canada
    • Germany
    • Brazil
    The key factors driving the airport ground support equipment market growth are:
    • Rise in construction and upgradation of airports
    • Growing adoption of GSE pooling
    The airport ground support equipment market vendors should focus on grabbing business opportunities from the powered airport gse segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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