ASEAN Ground Support Equipment Market Accelerates Towards $1,192.21 Million by 2027, Predicts Allied Market Research

According to the report published by Allied Market Research, The ASEAN ground support equipment market was valued at $674.17 million in 2018, and is projected to reach $1,192.21 million by 2027, registering a CAGR of 9.8% from 2020 to 2027.
The report provides a detailed analysis of changing market dynamics, key investment pockets, top segments, value chain, and competitive landscape.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/A09763

Huge capital expenditure is required to deploy ground support equipment. For instance, in May 2017, Air India SATS Airport Services invested $0.77 million on India's first automated aircraft cleaning machine. This automated aircraft exterior cleaning system is installed at Indira Gandhi International Airport (IGI), New Delhi, and carried out by Nordic Dino II, an automated purpose-built system. In addition, it would be challenging for those players that have constrained working capital and tight margins. Moreover, it involves huge amount of maintenance cost, which is expected to hamper the growth of the ASEAN ground support equipment market.

Increase in air traffic and cargo, focus of airports on improving operational efficiency, high service standards, and leasing of ground support equipment drive the growth of the ASEAN ground support equipment market. However, high initial investment hinders the market growth. On the other hand, focus toward procurement of greener GSE and emerging usage of wireless technology present new opportunities in the coming years.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/asean-ground-support-equipment-market/purchase-options

Based on type, the motorized segment accounted for the highest market share, contributing to more than half of the total market share in 2018, and will maintain its lead position during the forecast period. Moreover, this segment is projected to grow at the highest CAGR of 10.2% from 2020 to 2027. The research also analyzes the non-motorized segment.

Further, the cost required to acquire, maintain, and operate a fleet of aircraft GSE is substantially very high. Therefore, GSE fleet owners and managers are continuously looking to monitor and control such costs. Furthermore, wireless is emerging as a growing tool to address these ongoing challenges. Use of wireless technology in GSE would not only help to optimize GSE maintenance management but also increase security, safety, productivity, and fleet allocation. The wireless choices include "closed loop" long-range RFID-based systems and general packet radio service (GPRS) mobile data system or "Wi-Fi" system. It is necessary for GSE fleet managers and owners to decide the best technology based on their requirements. Therefore, emerging use of wireless technology is opportunistic for the market expansion.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The key players profiled in the ASEAN ground support equipment market include Adelte Group S.L, Avia Equipment Pte Ltd, Cavotec SA, Guangta, IMAI Aero-Equipment MFG. CO. LTD., ITW GSE, JBT Corporation, Textron Ground Support Equipment INC, TLD, and Tronair.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A09763

Based on country, Indonesia accounted for the largest share in 2018, contributing to nearly one-third of the total share, and will maintain its dominant share in terms of revenue by 2027. However, Vietnam is expected to manifest the largest CAGR of 13.2% during the forecast period.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By power source, the electric segment is expected to register a significant growth rate in the ASEAN ground support equipment market analysis during the forecast period.

Vietnam is anticipated to exhibit the highest CAGR during the forecast period.

This study includes analytical depiction of the market along with current trends and future estimations to determine the imminent investment pockets.

In 2018, Indonesia led the market in the ASEAN region.

The leading companies listed in the market report expect high revenue from the ASEAN ground support equipment market returns.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Automotive Ultrasonic Technologies Market - https://www.prnewswire.com/news-releases/automotive-ultrasonic-technologies-market-to-reach-2-70-billion-globally-by-2028-at-8-5-cagr-allied-market-research-851664087.html

Aircraft Health Monitoring System Market - https://www.globenewswire.com/en/news-release/2022/06/22/2466995/0/en/Aircraft-Health-Monitoring-System-Market-to-Garner-7-27-Billion-by-2030-Allied-Market-Research.html

VHF Air-Ground Communication Stations Market - https://www.globenewswire.com/news-release/2022/11/14/2555310/0/en/vhf-air-ground-communication-stations-market-size-to-reach-2-2-billion-by-2031-allied-market-research.html

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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