Global Airport Ground Support Vehicle Market Growth Analysis, Segmentation, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast to 2028
Based on the power source, the global market for airport ground support vehicle is trifurcated into electric vehicles, non-electric vehicles, and hybrids. On the basis of application, the market is bifurcated into commercial and military & defense. Lastly, based on the region, the market is segregated into Asia-Pacific, Europe, North America, and Rest of the World.
What does the Report Include?
The global market for airport ground support vehicle report includes in-depth analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth in the forthcoming years. Moreover, the research analyst has adopted several research methodologies to obtain information about the current trends and industry developments that will drive the market growth between 2021 and 2028.
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Increasing Focus on Airport Expansion to Promote Growth
Although the COVID-19 pandemic led to fewer numbers of airlines operating worldwide, the number of flyers is about to rise significantly in the coming years. For instance, several governments are investing in airlines to ensure positive turnaround for the aviation industry. Furthermore, according to the report by the Economic Times, by 2030 it is estimated that India will have around 855 million air travelers. The growing number of air passengers is expected to propel the airport authorities to expand the facilities and to provide an enhanced travel experience for the passengers. Therefore, the increasing focus on airport expansion is expected to boost the global airport ground support vehicle market growth in the forthcoming years.
North America – The region is likely to remain at the forefront and will hold the largest global airport ground support vehicle market share in the forthcoming years. This is attributable to the increasing investment in the expansion of airports in countries such as the U.S.
Europe – The market in the region is expected to experience considerable growth backed by the increasing government focus to develop advanced and smart airports in countries such as Germany, France, and Spain that will propel the adoption of advanced airport ground support vehicles between 2021 and 2028.
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Facility Expansion by Prominent Companies to Amplify Their Market Positions
The global market for airport ground support vehicle is consolidated by the presence of major companies that are focusing on expanding their facilities to cater the growing aviation industry demand. In addition to this, other key players are striving to maintain their presence by adopting strategies such as collaboration, partnership, and merger and acquisition that will bode well for the market growth.
• February 2021 – Oslo Airport introduced the Vestergaard Elephant e-BETA, a new electrically operated deicing unit. The airport aims to provide efficient aircraft de-icing operation and further lower carbon footprint through the Menezes Aviation operated vehicle.
List of the Companies Operating in the Global Market:
• JBT Corporation (The U.S.)
• Tug Technologies Corporation (Textron GSE) (The U.S.)
• Tronair (US)
• Guangtai (China)
• Rheinmetall AG (Germany)
• Cavotec (Switzerland)
• MULAG Fahrzeugwerk (Germany)
• ITW GSE (Denmark)
• Teleflex Lionel-Dupont (France)
• Mallaghan (UK)
• Among others
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