The Ground Support Equipment Global Market Report 2023, provides comprehensive information on the ground support equipment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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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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Technological advancements have emerged as the major trend gaining popularity in the ground support equipment market. Major companies operating in the ground support equipment market are introducing technologically advanced ground support equipment products and offerings to strengthen their position in the market. For instance, in September 2022, Textron Ground Support Equipment Inc., a US-based ground support equipment manufacturer launched Intellimix™ technology for its Safeaero™ 220 single-operator deicer, a ground support equipment. The Intellimix technology enhances the efficiency of the deicing process by providing an optimal combination of heat and fluid. Intellimix technology provides customers with the advantage of a single operator controlling, maneuvering and deicing the aircraft from a single cab, leading to greater efficiency. This technology enhances the capabilities of the Safeaero 220, making deicing even more efficient, safe and dependable.
The ground support equipment market is segmented:
1) By Type: Powered Ground Support Equipment, Non-Powered Ground Support Equipment
2) By Power Source: Non-Electric Ground Support Equipment, Electric Ground Support Equipment, Hybrid Ground Support Equipment, Fuel Cell Vehicle (FCV), Advanced Ground Support Equipment
3) By Platform: Commercial, Military
4) By Application: Aircraft Handling, Passenger Handling, Cargo Handling
North America was the largest region in the ground support equipment market in 2022.
The table of contents in TBRC’s ground support equipment market report includes:
- Executive Summary
- Ground Support Equipment Market Characteristics
- Ground Support Equipment Market Trends And Strategies
- Ground Support Equipment Market – Macro Economic Scenario
- Ground Support Equipment Market Size And Growth
- Ground Support Equipment Market Segmentation
- Ground Support Equipment Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Ground Support Equipment Market
- Ground Support Equipment Market Future Outlook and Potential Analysis
- Appendix
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