Global Airport Ground Equipment Market

Description

List of Tables

Airport operators rely on ground support equipment to meet the operational requirements demand of aircraft and passengers on the ground. To meet the growing passenger traffic, aircraft movements, and air cargo volumes, the best-in-class ground support equipment are essential. The ground support equipment is required for airports, ground handlers, fixed-base operators, airlines, and air cargo transport providers. The need for the best ground support equipment is increased due to the development of aviation infrastructure, construction of new airports, and expansion of existing airports. GSE (Ground Support Equipment) is designed to help the operations of an aircraft while it is at the airport. Ground Support Equipment comprises airplane forklifts and lifts, air-conditioning tugs, light-duty trucks, push-back and hook-up, vehicles, belt & container loaders, and other equipment that serve the purpose of towing, servicing, and powering. Ground support equipment will also enable baggage handling, repair, maintenance function, passenger handling, aircraft mobility, and service. Most airline companies either own or maintain GSE or adopt full leasing of services from equipment management companies.

The major factors driving the growth of the Airport ground Equipment market

There is a boost in this market due to the growth of air traffic and Cargo. Moreover, GSE propels all over the world due to the adoption of next-generation GSE by airports. According to IATA (International Air Transport Association), the global airfreights markets showed the demand for air cargo, which is increased by 18.7% in 2021. In addition, the IATA's air passenger forecast of 20-year showed that the number of air travellers can double to 8.2 billion by the year 2037. Thus, the demand for air travel is expected to drive the market growth. Airports are improving to decrease their turnaround time and increase their operational efficiency. The development of Airport ground equipment has supported to reduce of equipment congestion and operational time in airports. For example, a collaborative decision-making tool is adopted in the airports of Latin America and the Caribbean to improve operational efficiency. The CDM tool works on a real-time exchange of information that enhances the predictability of operations by enhancing planning quality and increasing situational awareness. The market growth is driven by the adoption of advanced GSE.

Trends influencing the growth of the market:

The aviation sector is focused on adopting greener products. Authorities in regulatory are working on implementing guidelines for eco-friendly technologies and processes. There is a huge demand for eco-friendly and greener aircraft GSE in the aviation industry due to an increase in awareness of environmental concerns. Initiatives taken by the key players backed by strong emission control regulations will enhance the growth of the aircraft ground equipment market. The market growth is accelerated by the increase in the growth of the used and refurbished products. Most airline focuses on the upgradation and modernization of ground support equipment. To save costs Airport ground equipment market businesses is paying more attention to refurbishing old equipment that will increase the life span and add upgrades. For example, the London Luton uses revolutionary systems such as belt loaders, aircraft stairs, and others. This reduces the congestion, improves aircraft turnaround and overall delays, and reduces congestion.

Market Dynamics:

The main key driver for the growth of this market is the development and expansion of airport infrastructure. One of the main restraints of this market is the high acquisition cost of electric ground equipment. The cost of electric ground equipment is 50% more than the cost of conventional ground support equipment. There is a decline in the cost of electric ground equipment over the years, but still higher than the cost of diesel variants. Thus, small and medium-sized airports find it hard to deploy electric ground equipment. The manufacturing volume is low in electric ground equipment as the initial cost is very high. The batteries used are also high in cost and they have to replace every 5-8 years. These factors restrain the growth of the electric ground support equipment market. Innovation in technologies used in ground support equipment finds its opportunities in the market. One of the main challenges faced by the market is the overloading of electric grids. Regular charging is required for electric ground support equipment, and the grids supplying power to the airports, do not have the ability to charge all the electrical equipment on the ground as it leads to overloading of the grid.

Developments:

Menzies Aviation awarded a contract to Rushlift GSE, UK of a six-year agreement to supply GSE equipment. Based on the agreement, the company leased 650 brand-new vehicles to Menzies aviation at Heathrow and Gatwick airports. With a weight of around 100,000 pounds, The first commercial airplane tug was unveiled by BestTugs. The company builds the tug for around six years with up to 24,000 pounds in the pull style, remote control, and loader.

Product Code: AND077

Market Definition

Market Segmentation

By Region

By Airport Type

By Equipment Type

10 Year Market Outlook

The 10-year market outlook would give a detailed overview of changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

Market Technologies

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

Global Market Forecast

The 10-year market forecast of this market is covered in detailed across the segments which are mentioned above.

Regional Market Trends & Forecast

The regional market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking.

North America

Drivers, Restraints and Challenges

PEST

Market Forecast & Scenario Analysis

Key Companies

Supplier Tier Landscape

Company Benchmarking

Europe

Middle East

APAC

South America

Country Analysis

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

Defense Programs

List of Tables

Table 1: 10 Year Market Outlook, 2023-2033
Table 2: Drivers, Impact Analysis, North America
Table 3: Restraints, Impact Analysis, North America
Table 4: Challenges, Impact Analysis, North America
Table 5: Drivers, Impact Analysis, Europe
Table 6: Restraints, Impact Analysis, Europe
Table 7: Challenges, Impact Analysis, Europe
Table 8: Drivers, Impact Analysis, Middle East
Table 9: Restraints, Impact Analysis, Middle East
Table 10: Challenges, Impact Analysis, Middle East
Table 11: Drivers, Impact Analysis, APAC
Table 12: Restraints, Impact Analysis, APAC
Table 13: Challenges, Impact Analysis, APAC
Table 14: Drivers, Impact Analysis, South America
Table 15: Restraints, Impact Analysis, South America
Table 16: Challenges, Impact Analysis, South America
Table 17: Scenario Analysis, Scenario 1, By Region, 2023-2033
Table 18: Scenario Analysis, Scenario 1, By Airport Type, 2023-2033
Table 19: Scenario Analysis, Scenario 1, By Equipment Type, 2023-2033
Table 20: Scenario Analysis, Scenario 2, By Region, 2023-2033
Table 21: Scenario Analysis, Scenario 2, By Airport Type, 2023-2033
Table 22: Scenario Analysis, Scenario 2, By Eqipment Type, 2023-2033

List of Figures

Figure 1: Global Airport Ground Equipment Market Forecast, 2023-2033
Figure 2: Global Airport Ground Equipment Market Forecast, By Region, 2023-2033
Figure 3: Global Airport Ground Equipment Market Forecast, By Airport Type, 2023-2033
Figure 4: Global Airport Ground Equipment Market Forecast, By Equipment Type, 2023-2033
Figure 5: North America, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 6: Europe, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 7: Middle East, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 8: APAC, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 9: South America, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 10: United States, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 11: United States, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 12: Canada, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 13: Canada, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 14: Italy, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 15: Italy, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 16: France, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 17: France, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 18: Germany, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 19: Germany, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 20: Netherlands, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 21: Netherlands, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 22: Belgium, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 23: Belgium, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 24: Spain, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 25: Spain, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 26: Sweden, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 27: Sweden, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 28: Brazil, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 29: Brazil, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 30: Australia, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 31: Australia, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 32: India, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 33: India, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 34: China, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 35: China, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 36: Saudi Arabia, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 37: Saudi Arabia, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 38: South Korea, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 39: South Korea, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 40: Japan, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 41: Japan, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 42: Malaysia, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 43: Malaysia, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 44: Singapore, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 45: Singapore, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 46: United Kingdom, Airport Ground Equipment Market, Technology Maturation, 2023-2033
Figure 47: United Kingdom, Airport Ground Equipment Market, Market Forecast, 2023-2033
Figure 48: Opportunity Analysis, Airport Ground Equipment Market, By Region (Cumulative Market), 2023-2033
Figure 49: Opportunity Analysis, Airport Ground Equipment Market, By Region (CAGR), 2023-2033
Figure 50: Opportunity Analysis, Airport Ground Equipment Market, By Airport Type (Cumulative Market), 2023-2033
Figure 51: Opportunity Analysis, Airport Ground Equipment Market, By Airport Type (CAGR), 2023-2033
Figure 52: Opportunity Analysis, Airport Ground Equipment Market, By Equipment Type (Cumulative Market), 2023-2033
Figure 53: Opportunity Analysis, Airport Ground Equipment Market, By Equipment Type (CAGR), 2023-2033
Figure 54: Scenario Analysis, Airport Ground Equipment Market, Cumulative Market, 2023-2033
Figure 55: Scenario Analysis, Airport Ground Equipment Market, Global Market, 2023-2033
Figure 56: Scenario 1, Airport Ground Equipment Market, Total Market, 2023-2033
Figure 57: Scenario 1, Airport Ground Equipment Market, By Region, 2023-2033
Figure 58: Scenario 1, Airport Ground Equipment Market, By Airport Type, 2023-2033
Figure 59: Scenario 1, Airport Ground Equipment Market, By Equipment Type, 2023-2033
Figure 60: Scenario 2, Airport Ground Equipment Market, Total Market, 2023-2033
Figure 61: Scenario 2, Airport Ground Equipment Market, By Region, 2023-2033
Figure 62: Scenario 2, Airport Ground Equipment Market, By Airport Type, 2023-2033
Figure 63: Scenario 2, Airport Ground Equipment Market, By Equipment Type, 2023-2033
Figure 64: Company Benchmark, Airport Ground Equipment Market, 2023-2033

Global Airport Ground Equipment Market

Description

Table of Contents

List of Tables

Trends influencing the growth of the market:

Market Dynamics:

Developments:

Table of Contents

List of Tables

List of Figures