Ground support equipment is the support equipment found at an airport, the servicing area by the terminal. Ground support equipment is used to service the aircraft between flights. Based on application, the market is segmented into commercial cargo service, passenger service, military cargo service, commercial cargo service and military aircraft service. In 2016, among the various application, commercial cargo service segment dominated the market followed by military cargo service. In addition, commercial cargo service is also expected to grow at the highest rate for the coming years. Increase in the investment in the infrastructure is major driver driving the market for the commercial cargo service segment in ground support equipment market for the forecast period. Commercial cargo service is further being segmented into pushback tractors, containers loaders and forklifts. Passenger service is further being segmented into passenger buses, cabin service vehicles, passenger boarding bridges and others. Commercial aircraft service is further being segmented into fuel trucks, hydrant trucks, ground power units and others.
Based on type, the market is segmented into hybrid, electric and non-electric. In 2016, the electric segment dominated the market followed by hybrid and this segment is anticipated to be dominant in the coming years. Increase in the demand for energy efficient, green and clean ground support equipment technologies is one of the key factor fueling the demand of the electric segment in the ground support equipment market for the forecast period of 2017 – 2025.
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Based on component, the market is segmented into brownfield, greenfield and MRO. In 2016, the greenfield segment dominated the market followed by brownfield and this segment is anticipated to be dominant in the coming years. Growing purchasing power in developing economies is one of the key factor driving the market for the ground support equipment for the forecast period.
Based on end use, the market is segmented into defense and commercial. In 2016, the commercial segment dominated the market followed by defense and this segment is anticipated to be dominant in the coming years. Increase in freight, aircraft and passenger movement across the world is one of the key factor boosting the demand of commercial segment in ground support equipment market. With the rise in freight and passenger traffic, the frequency of aircraft or flights movements is also rising, which is anticipated to rise the demand for commercial ground support equipment.
The geographical split of the market includes North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2016, North America was slated to be the key market followed by Europe. In 2016, the U.S. was the major market for North America as well as globally. Increase in the demand for electric and hybrid ground support equipment is major factor driving the market for the ground support equipment market in the U.S. and North America region. Asia Pacific, Latin America and Middle East & Africa regions are expected to grow at the healthy rate due to increase in the investment by several developing countries such as India, Brazil and China among others. Asia Pacific is anticipated to grow at the highest CAGR for the forecast period. In 2016, China is expected to dominate the Asia Pacific region followed by Japan and expected to be dominant in the coming years.
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Increase in the warehouse operations at airports is one of the key factor boosting the demand of ground support equipment market in China. India is anticipated to grow at the highest CAGR in Asia Pacific region for the coming years. Increase in the number of airlines and airports is one of the key factor driving the market for ground support equipment in India for the forecast period. Europe is expected to grow at sluggish rate in the coming years. The U.K. and Germany is expected to be the major market for Europe. Increasing imports and exports activities is one of the key factor fueling the demand of the market in Europe. Brazil and Saudi Arabia is expected to be the major market for the Middle East and Africa region. Increase in the demand for ground support equipment to cater the growing freight cargo and passenger traffic which in turn helping the demand of ground support equipment market in Middle East and Africa market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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