NEW YORK, Nov. 28, 2022 /PRNewswire/ -- The airport ground support equipment market size is forecasted to increase by USD 1630.63 million from 2022 to 2027, at a CAGR of 4.27%, according to the recent market study by Technavio. The growth of the market will be driven by the rise in construction and upgrades of airports, the growing construction of cargo terminals, and the modernization of airport GSE.

Technavio categorizes the global airport ground support equipment market as a part of the airport services market, which covers products and companies engaged in the production of aerial platforms used under commercial and general aviation; defense platforms used under naval, land, and air domains; arms and ammunition; defense electronics; defense logistics equipment; and space platforms, equipment, and launch vehicles.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report

Technavio has extensively analyzed 15 major vendors, including AERO Specialties Inc., Aeroservices Ltd., Alvest SAS, Avia Equipment Pte Ltd., Cavotec SA, China International Marine Containers Group Ltd., Curtis Instruments Inc., ITW GSE ApS, John Bean Technologies Corp., Kalmar Motor AB, Mallaghan GA Inc., MULAG Fahrzeugwerk GmBH u Co. KG, Rheinmetall AG, Sojitz Aerospace Corp., STANGCO Industrial Equipment Inc., Swati Airport Support Services Pvt. Ltd., TCR International N.V., Textron Inc., Tronair Inc., Vestergaard Co., and Weihai Guangtai Airport Equipment Co. Ltd.

Key Benefits for Industry Players & Stakeholders –

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.

• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.

• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 

• Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.

• Furthermore, market adoption rates for all regions have been covered.

Download the sample to get a holistic overview of the airport ground support equipment market by industry experts to evaluate and develop growth strategies.

The market is segmented by type (powered airport GSE and non-powered GSE).

Segmentation by Type (Inclusion/Exclusion)

• Inclusion:

The powered airport GSE segment grew gradually by USD 4,691.58 million between 2017 and 2021. This segment includes towing tractors, lifts and loaders, ground power units, refuelers, buses, air start units, portable water trucks, lavatory service vehicles, catering vehicles, and de-icing vehicles. The adoption of powered airport GSE is expected to increase during the forecast period, as it is easy to use and improves the efficiency and productivity of airport operations. The increasing air traffic and cargo transportation activities are also driving the growth of powered airport GSE.

To get detailed insights about inclusions and exclusions, buy report.

Related Reports -

Airport Non-Aeronautical Revenue Market by Service, Business and Geography - Forecast and Analysis 2023-2027 – size is estimated to increase by USD 35045.11 million from 2022 to 2027, with an accelerated CAGR of 7.88%, according to the recent market study by Technavio.  Furthermore, this report extensively covers market segmentation by service (concessionaries, parking and car rentals, land rentals, terminal rent by airlines, and other services), business segment (commercial development and advertising), and geography (APAC, North America, Europe, the Middle East and Africa, and South America).

Airport Transit Baggage Vehicle Market by Technology and Geography - Forecast and Analysis 2022-2026 – size is estimated to increase by USD 195.65 million from 2021 to 2026, with an accelerated CAGR of 5.21%, according to the recent market study by Technavio. The growth in air passenger traffic is one of the key factors driving the market growth.

What are the key data covered in the airport ground support equipment market?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the airport ground support equipment market between 2023 and 2027

• Precise estimation of the size of the airport ground support equipment market size and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the airport ground support equipment market across APAC, North America, Europe, Middle East and Africa, and South America

• Thorough analysis of the market's competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of airport ground support equipment market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

• 4.1 Global airport ground support equipment market 2017 - 2021

• 4.2 Type Segment Analysis 2017 - 2021

• 4.3 Power rating Segment Analysis 2017 - 2021

• 4.4 Geography Segment Analysis 2017 - 2021

• 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

• 5.1 Five forces summary

• 5.2 Bargaining power of buyers

• 5.3 Bargaining power of suppliers

• 5.4 Threat of new entrants

• 5.5 Threat of substitutes

• 5.6 Threat of rivalry

• 5.7 Market condition

6 Market Segmentation by Type

• 6.1 Market segments

• 6.2 Comparison by Type

• 6.3 Powered airport GSE - Market size and forecast 2022-2027

• 6.4 Non-powered GSE - Market size and forecast 2022-2027

• 6.5 Market opportunity by Type

7 Market Segmentation by Power Rating

• 7.1 Market segments

• 7.2 Comparison by Power Rating

• 7.3 Electric - Market size and forecast 2022-2027

• 7.4 Non-electric - Market size and forecast 2022-2027

• 7.5 Hybrid - Market size and forecast 2022-2027

• 7.6 Market opportunity by Power Rating

8 Customer Landscape

• 8.1 Customer landscape overview

9 Geographic Landscape

• 9.1 Geographic segmentation

• 9.2 Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027

• 9.4 Europe - Market size and forecast 2022-2027

• 9.5 APAC - Market size and forecast 2022-2027

• 9.6 South America - Market size and forecast 2022-2027

• 9.7 Middle East and Africa - Market size and forecast 2022-2027

• 9.8 US - Market size and forecast 2022-2027

• 9.9 China - Market size and forecast 2022-2027

• 9.10 Germany - Market size and forecast 2022-2027

• 9.11 UK - Market size and forecast 2022-2027

• 9.12 Canada - Market size and forecast 2022-2027

• 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape

• 11.3 Landscape disruption

• 11.4 Industry risks

12 Vendor Analysis

• 12.1 Vendors covered

• 12.2 Market positioning of vendors

• 12.3 AERO Specialties Inc.

• 12.4 Alvest SAS

• 12.5 Cavotec SA

• 12.6 Curtis Instruments Inc.

• 12.7 ITW GSE ApS

• 12.8 John Bean Technologies Corp.

• 12.9 Mallaghan GA Inc.

• 12.10 MULAG Fahrzeugwerk GmBH u Co. KG

• 12.11 Rheinmetall AG

• 12.12 Sojitz Aerospace Corp.

• 12.13 TCR International N.V.

• 12.14 Textron Inc.

• 12.15 Tronair Inc.

• 12.16 Vestergaard Co.

• 12.17 Weihai Guangtai Airport Equipment Co. Ltd

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist

• 13.3 Currency conversion rates for US$

• 13.4 Research methodology

• 13.5 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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