Ground Support Equipment Market in Airport 2018 Global Industry Key Leaders: Teleflex Lionel-Dupont Group, JBT Corporation, Tug Technologies, AMSS, Tronair, Shenzhen Cimc-Tianda, Mulag Fahrzeugwerk

Market Scenario

Airport Ground Support Equipment Market by Type (Electric, Non-Electric, Hybrid), Equipment (Assembly Tool, Movement Equipment), Application (Aircraft, Cargo, Passenger), End-User (Military Airports, Commercial Airports), & Region – Global Forecast till 2023

Airport Ground Support Equipment (GSE) is support equipment found at the airside and airport terminals for additional passenger or aircraft support. This also benefits the aircraft maintenance and service between flight stoppages. Of late, rising investments by countries in airport infrastructure has led to an increase in the demand for airport GSE. As a result, higher investments are being made in the development of GSE, which would witness a rapid growth during the forecast period. However, major restraints of the market growth include high maintenance costs and high cost involved in the replacement of older GSE.

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Key Players

The key players in the airport ground support equipment market are Teleflex Lionel-Dupont Group (France), JBT Corporation (U.S.), Tug Technologies Corporation (U.S.), AMSS GSE (U.K), Tronair Inc. (U.S.), Mallaghan Engineering Ltd. (U.K), Mulag Fahrzeugwerk GmbH (Germany), Shenzhen Cimc-Tianda Airport Support Co. Ltd. (China), Gate GSE (Belgium) and Avia Equipment Pte Ltd (Singapore).

The increasing investments in airport infrastructure and need for aircraft maintenance will offer new growth opportunities to the market players. The factors responsible for the growth of the airport GSE market are the increasing air passenger and freight traffic, warehouse operations at airports, and number of airport expansions. There were a number of contracts that fueled the market growth. For instance, in 2017, Teleflex Lionel-Dupont Group signed a contract with KLM, to supply full electric fleet loader. Similarly, in 2017, JBT Corporation acquired Aircraft Maintenance Support Services Ltd (AMSS) to expand their equipment maintenance division. Flughafen Wien AG, in 2017, signed a contract with Australian Airlines to support airport ground handling operations, such as boarding and de-boarding for passengers, loading and unloading baggage, cleaning aircraft cabins, and aircraft towing.

The airport GSE market has been segmented into type, component, end-user, and region. Based on type, electric GSE are widely used and expected to comprise the largest share in the market due to increasing usage of energy efficient GSE technologies. Based on equipment, it is expected that the movement equipment segment is expected to witness the largest demand in the global market, during the forecast period, due to their increased deployment for aircraft and passenger handling. Based on application, aircraft handling segment would expected to witness the largest demand in the global market due to the increase in air passenger traffic and their maintenance and ground support activities at the airport. On the basis of end-user, commercial airports are expected to dominate the market during the forecast period due to increase in freight, aircraft, and passenger traffic at the airport.

The report for Airport Ground Support Equipment Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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