Global Aircraft Ground Support Equipment Market Projected to Grow at a CAGR of 11.25% over the Forecast Period 2016-2024

New York, USA, 2018-Jul-31 — /EPR Network/ —The global expansion of aviation industry and increasing pressure on airlines to maintain the services quality is driving the growth of the global aircraft ground support equipment market. According to Goldstein Research, global aircraft ground support equipment market size is expected to reach USD 27.5 billion by 2024 from USD 12.1 billion in 2016, growing at a CAGR of 11.25% over the forecast period 2016-2024. Aircraft ground support equipment market segmentation has been done on the basis of fuel type, equipment type, end user and geography. Based on fuel type, electric powered ground support equipment segment accounted for the highest market share, owing to the high demand for efficient & advanced ground support equipment.

Geographically, the aircraft ground support equipment industry is dominated by North America with a market share of 36.0% in 2016 and it is expected to reach a market size of USD 10.1 billion by 2024. Due to the presence of the highest number of passenger & cargo flights, the North America region has acquired the highest market share. Whereas, Asia Pacific region is witnessed to have fastest growing aviation industry due to large air traffic generated from the region. And thus, it is expected that there will be a rise in a number of flights and subsequently growth in the demand for ground support equipment in near future.

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Market Segmentation

On the basis of our in-depth analysis, Global Aircraft Ground Support Equipment Market can be segmented as follows:

Based on Fuel Type

  • Powered Equipment
  • Non-Powered Equipment

By Equipments Type

  • Aircraft Handling Equipment
  • Aircraft Maintenance Equipment
  • Other Aircraft Ground Support Equipment (Refillers, Deicers, etc.)

By End-User

  • Defence Aircrafts
  • Passenger Aircrafts
  • Cargo Aircrafts

By Region

  • North America
  • Europe
  • The Middle East and Africa
  • Latin America
  • Asia Pacific

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Aircraft Ground Support Equipment Industry Analysis contains a detailed overview of the global aircraft ground support equipment market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by fuel type, equipment type and end user.

The market research report gives a pin-point analysis of the industry growth drivers, sales data, market challenges, product detailing, company profiling, competitive strategies for the market, export-import data, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as JBT Aerotech, Hydraulics International, Inc, Cavotec, Textron Incorporated, Tronair Inc., TLD, Sage Parts, Mallaghan Engineering Ltd, Carolina GSE, Inc., etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global aircraft ground support equipment market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new competitor seeking for possibilities, merchandiser, traders, tycoons, and other stakeholders to align their market-leading approach bestow to the ongoing and expected trends in the future.

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