Press release
2023 Global Ground Support Equipment Market Size, Share, Growth, Trends, Analysis And Forecast To 2032
Ground Support Equipment Market Report
Ground Support Equipment Market Size, Growth Rate, And Forecast:
The global ground support equipment market size is expected to grow from $7.80 billion in 2022 to $8.50 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ground support equipment market is expected to reach $11.59 billion in 2027 at a CAGR of 8.1%.
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Ground Support Equipment Market Drivers:
The increasing number of air passengers and cargo transportation are expected to propel the ground support equipment market going forward. An air passenger refers to a person who travels by air, typically on a commercial airline, as a means of transportation whereas cargo transportation refers to the movement of goods from one place to another. Ground support equipment plays a crucial role in optimizing processes such as fueling aircraft, handling baggage and loading and unloading cargo making it easier to manage the increased volume of aircraft, passengers and cargo.
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Ground Support Equipment Market Segments
•By Type: Powered Ground Support Equipment, Non-Powered Ground Support Equipment
•By Power Source: Non-Electric Ground Support Equipment, Electric Ground Support Equipment, Hybrid Ground Support Equipment, Fuel Cell Vehicle (FCV), Advanced Ground Support Equipment
•By Platform: Commercial, Military
•By Application: Aircraft Handling, Passenger Handling, Cargo Handling
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Ground Support Equipment market.
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Ground Support Equipment Market Key Players:
Major competitors in the ground support equipment market include John Bean Technologies (JBT) Corporation, Rheinmetall AG, Textron Ground Support Equipment Inc. (U.S.), Weihai Guangtai Airport Equipment Co. Ltd., Mallaghan Engineering Ltd., AERO SPECIALTIES INC. (U.S.), Cavotec SA, Tronair Inc., TLD Group, ITW GSE, Kalmar Motor AB, GATE GSE, Jungheinrich AG, Lektro Inc., Advanced Charging Technologies, China International Marine Containers (Group) Co., Ltd., Cobus Industries GmbH, ALVEST Group and Enersys.
The Business Research Company's "Global Ground Support Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Ground Support Equipment Market Include:
1. Executive Summary
2. Ground Support Equipment Market Characteristics
3. Ground Support Equipment Market Trends And Strategies
4. Ground Support Equipment Market - Macro Economic Scenario
5. Ground Support Equipment Market Size And Growth
....
26. Africa Ground Support Equipment Market
27. Ground Support Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ground Support Equipment Market
29. Ground Support Equipment Market Future Outlook and Potential Analysis
30. Appendix
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