Aircraft Ground Support Equipment Trends and Forecast
The future of the global aircraft ground support equipment market looks promising with opportunities in the commercial and defense markets. The global aircraft ground support equipment market is expected to grow with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are increase in air travel worldwide, growing the amount of money invested on airport infrastructure in underdeveloped countries, as well as, technological innovations in ground support equipment.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aircraft Ground Support Equipment by Segment
The study includes a forecast for the global aircraft ground support equipment by equipment, power, ownership, application, and region.
Aircraft Ground Support Equipment Market by Equipment [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Service
• Boarding Steps & Stairs
• Airport Buses & Transport
• Beds/Chairs Lifts
• Aircraft Service
• Others
Aircraft Ground Support Equipment Market by Power [Shipment Analysis by Value from 2018 to 2030]:
• Electric
• Non-Electric
• Hybrid
Aircraft Ground Support Equipment Market by Ownership [Shipment Analysis by Value from 2018 to 2030]:
• New Sales
• Rental/Lease
Aircraft Ground Support Equipment Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Commercial
• Defense
Aircraft Ground Support Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aircraft Ground Support Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aircraft ground support equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aircraft ground support equipment companies profiled in this report include-
• JBT Corporation
• Air T
• Textron
• China International Marine Containers
• Weihai Guangtai Airport Equipment
• Cavotec
• ALVEST Group
Aircraft Ground Support Equipment Market Insights
Lucintel forecasts that aircraft service will remain the largest segment over the forecast period due to rising passenger movement.
Within this market, commercial is expected to witness the higher growth due to increasing air traffic across the world, and growing tourism.
North America is expected to witness highest growth over the forecast period due to increasing passenger traffic combined with an increase in the need for electric and hybrid ground support equipment.
Features of the Global Aircraft Ground Support Equipment Market
Market Size Estimates: Aircraft ground support equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aircraft ground support equipment market size by equipment, power, ownership, application, and region in terms of value ($B).
Regional Analysis: Aircraft ground support equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different equipment, power, ownership, application, and regions for the aircraft ground support equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aircraft ground support equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for aircraft ground support equipment market?
Answer: The global aircraft ground support equipment market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the aircraft ground support equipment market?
Answer: The major drivers for this market are increase in air travel worldwide, growing the amount of money invested on airport infrastructure in underdeveloped countries, as well as, technological innovations in ground support equipment.
Q3. What are the major segments for aircraft ground support equipment market?
Answer: The future of the global aircraft ground support equipment market looks promising with opportunities in the commercial and defense markets.
Q4. Who are the key aircraft ground support equipment market companies?
Answer: Some of the key aircraft ground support equipment companies are as follows:
• JBT Corporation
• Air T
• Textron
• China International Marine Containers
• Weihai Guangtai Airport Equipment
• Cavotec
• ALVEST Group
Q5. Which aircraft ground support equipment market segment will be the largest in future?
Answer: Lucintel forecasts that aircraft service will remain the largest segment over the forecast period due to rising passenger movement.
Q6. In aircraft ground support equipment market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increasing passenger traffic combined with an increase in the need for electric and hybrid ground support equipment.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aircraft ground support equipment market by equipment (passenger service, boarding steps & stairs, airport buses & transport, beds/chairs lifts, aircraft service, and others), power (electric, non-electric, and hybrid), ownership (new sales and rental/lease), application (commercial and defense), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aircraft Ground Support Equipment Market, Aircraft Ground Support Equipment Market Size, Aircraft Ground Support Equipment Market Growth, Aircraft Ground Support Equipment Market Analysis, Aircraft Ground Support Equipment Market Report, Aircraft Ground Support Equipment Market Share, Aircraft Ground Support Equipment Market Trends, Aircraft Ground Support Equipment Market Forecast, Aircraft Ground Support Equipment Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.