PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1182303
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1182303
Ground Support Vehicles Market Forecasts to 2028 - Global Analysis By Type, Power Source, Application and Geography
According to Stratistics MRC, the Global Ground Support Vehicles Market is growing at a CAGR of 7.0% during the forecast period. At the airport, various operations between aircraft flights usually involve the use of ground support vehicles. At airports, tractors are used to tow aircraft. The on-boarding and off-boarding of passengers from aircraft is performed by using passenger stairs. The market is driven by the rising demand for such systems to enhance airports' operating efficiency as a result of a rise in cargo and passenger traffic. The market will grow as a result of the aviation industry's rapid expansion, rising airport infrastructure investments, and increasing demand for eco-friendly airport ground support vehicles.
According to the International Air Transport Association (IATA) report 2020, nearly 1.8 billion passengers flew in 2020 which showed a decline of 60.2% compared to 4.5 billion flew in 2019.
Market Dynamics:
Driver:
Increasing Focus on Airport Expansion to Promote Growth
The outbreak enabled few airlines to operate globally, but in the upcoming years, there will be a significant increase in the number of flyers. For instance, a large number of nations are making investments in airlines to ensure the aviation sector's growth. In addition, the Economic Times analysis predicts that India will have approximately 855 million air travellers by the year 2030. The increasing number of airline passengers is expected to drive airport authorities to upgrade passenger facilities and enhance the travel experience. Therefore, the growing emphasis on airport expansion is estimated to promote the growth of the airport ground support vehicle market globally in the following decades.
Restraint:
High Initial Investment
The deployment of ground support equipment requires a significant investment of capital. For instance, the first automated aircraft cleaning machine in India cost $0.77 million and was purchased by Air India SATS Airport Services in May 2017. Nordic Dino II, an automated system developed specifically for the purpose, would operate the automated aircraft exterior cleaning system that would be installed at Indira Gandhi International Airport (IGI), New Delhi. Additionally, it would be challenging for competitors with tight margins and limited working capital, it has a high maintenance cost, which is predicted to restrain the expansion of the global market for ground support vehicles.
Opportunity:
Facility Expansion by Prominent Companies to Amplify Their Market Positions
The development of significant companies that are focusing on expanding their facilities to meet the rising demand from the aviation industry has contributed to the consolidation of the global market for airport ground support vehicles. Additionally, other prominent players are striving to maintain their position by implementing strategies including collaboration, partnership, merger and acquisition that are beneficial for the market's expansion.
Threat:
High maintenance cost and expensive
Electric ground support vehicles are expensive at launch due to their low production volume. Furthermore, the batteries in these vehicles must be replaced every five to eight years. Therefore, the market for electric ground support vehicles is projected to be constrained during the forecast period.
COVID-19 Impact:
Lockdowns and partial industrial closures during the COVID-19 outbreak had a negative influence on manufacturing facilities all around the world. Companies have taken drastic measures, including shutting down operations, to protect workers. As a result of the delays in production and delivery caused by the sudden implementation of lockdowns, the market witnessed a proportional decline in income for suppliers of raw materials, technology, and products.
The tugs and tractors segment is expected to be the largest during the forecast period
The development and integration of low-emission and electric tugs and tractors are being prompted by the increasing demand for greener airports. The conventional fuel-powered tractors and tugs are being replaced by new battery-powered versions. During the projection period, it is anticipated that this replacement will fuel the segment's expansion.
The commercial segment is expected to have the highest CAGR during the forecast period
Owing to the increasing demand for UGVs in urban search and rescue, firefighting, nuclear plant operations, and agricultural spraying and harvesting applications, the commercial segment is projected to expand at the highest CAGR during the forecast period. Furthermore, the segment is expected to benefit from the rising trend in commercial UGV development.
Region with largest share:
Several airports in Asia-Pacific are operating above capacity. As a result, delays caused by congestion are rising at most Asian hubs. Several airports in the Asia-Pacific region are making substantial investments to improve their airport infrastructure to keep pace with the increasing demand for air travel. The expansion of airports in prominent cities with high passenger traffic has offered manufacturers a chance to showcase and promote their advanced ground support vehicles.
Region with highest CAGR:
During the projection period, the adoption of advanced airport ground support vehicles is estimated to increase, driven by the Europe region market experiencing significant growth and the increasing government focus on developing modern, smart airports in nations including Germany, France, and Spain.
Key players in the market
Some of the key players in Ground Support Vehicles market include MULAG, John Bean Technologies Corp., Textron Inc., Ground Support Specialists LLC, Mallaghan Engineering Ltd, ALVEST, Tronair Inc., COBUS Industries GmbH, Vestergaard Company, TIPS d.o.o., GATE GSE and RISE™ Robotics.
Key Developments:
In July 2022, the Airports Authority of India (AAI) inducted a 6x6 fire rescue stair vehicle into the Chennai airport fire service fleet. The vehicle is designed to accommodate the rapid evacuation of passengers from wide-bodied aircraft, such as Boeing 747s and Airbus A350s in the vent of an emergency.
In April 2022, RISE™ Robotics, the Zero Emission heavy machinery company, signed a contract worth USD 1.7 Million with AFVentures for the modernization of United States Air Force ground support equipment.
Types Covered:
- Tugs and Tractors
- Refuelers
- Passenger Buses
- De-icing Vehicles
- Ground Power Units
Power Sources Covered:
- Electric
- Non-Electric
- Hybrid
Applications Covered:
- Military & Defence
- Commercial
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Ground Support Vehicles Market, By Type
- 5.1 Introduction
- 5.2 Tugs and Tractors
- 5.3 Refuelers
- 5.4 Passenger Buses
- 5.5 De-icing Vehicles
- 5.6 Ground Power Units
6 Global Ground Support Vehicles Market, By Power Source
- 6.1 Introduction
- 6.2 Electric
- 6.3 Non-Electric
- 6.4 Hybrid
7 Global Ground Support Vehicles Market, By Application
- 7.1 Introduction
- 7.2 Military & Defence
- 7.3 Commercial
8 Global Ground Support Vehicles Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 MULAG
- 10.2 John Bean Technologies Corp.
- 10.3 Textron Inc.
- 10.4 Ground Support Specialists LLC
- 10.5 Mallaghan Engineering Ltd
- 10.6 ALVEST
- 10.7 Tronair Inc.
- 10.8 COBUS Industries GmbH
- 10.9 Vestergaard Company
- 10.10 TIPS d.o.o.
- 10.11 GATE GSE
- 10.12 RISE™ Robotics
List of Tables
- Table 1 Global Ground Support Vehicles Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Ground Support Vehicles Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Ground Support Vehicles Market Outlook, By Tugs and Tractors (2020-2028) ($MN)
- Table 4 Global Ground Support Vehicles Market Outlook, By Refuelers (2020-2028) ($MN)
- Table 5 Global Ground Support Vehicles Market Outlook, By Passenger Buses (2020-2028) ($MN)
- Table 6 Global Ground Support Vehicles Market Outlook, By De-icing Vehicles (2020-2028) ($MN)
- Table 7 Global Ground Support Vehicles Market Outlook, By Ground Power Units (2020-2028) ($MN)
- Table 8 Global Ground Support Vehicles Market Outlook, By Power Source (2020-2028) ($MN)
- Table 9 Global Ground Support Vehicles Market Outlook, By Electric (2020-2028) ($MN)
- Table 10 Global Ground Support Vehicles Market Outlook, By Non-Electric (2020-2028) ($MN)
- Table 11 Global Ground Support Vehicles Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 12 Global Ground Support Vehicles Market Outlook, By Application (2020-2028) ($MN)
- Table 13 Global Ground Support Vehicles Market Outlook, By Military & Defence (2020-2028) ($MN)
- Table 14 Global Ground Support Vehicles Market Outlook, By Commercial (2020-2028) ($MN)
- Table 15 North America Ground Support Vehicles Market Outlook, By Country (2020-2028) ($MN)
- Table 16 North America Ground Support Vehicles Market Outlook, By Type (2020-2028) ($MN)
- Table 17 North America Ground Support Vehicles Market Outlook, By Tugs and Tractors (2020-2028) ($MN)
- Table 18 North America Ground Support Vehicles Market Outlook, By Refuelers (2020-2028) ($MN)
- Table 19 North America Ground Support Vehicles Market Outlook, By Passenger Buses (2020-2028) ($MN)
- Table 20 North America Ground Support Vehicles Market Outlook, By De-icing Vehicles (2020-2028) ($MN)
- Table 21 North America Ground Support Vehicles Market Outlook, By Ground Power Units (2020-2028) ($MN)
- Table 22 North America Ground Support Vehicles Market Outlook, By Power Source (2020-2028) ($MN)
- Table 23 North America Ground Support Vehicles Market Outlook, By Electric (2020-2028) ($MN)
- Table 24 North America Ground Support Vehicles Market Outlook, By Non-Electric (2020-2028) ($MN)
- Table 25 North America Ground Support Vehicles Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 26 North America Ground Support Vehicles Market Outlook, By Application (2020-2028) ($MN)
- Table 27 North America Ground Support Vehicles Market Outlook, By Military & Defence (2020-2028) ($MN)
- Table 28 North America Ground Support Vehicles Market Outlook, By Commercial (2020-2028) ($MN)
- Table 29 Europe Ground Support Vehicles Market Outlook, By Country (2020-2028) ($MN)
- Table 30 Europe Ground Support Vehicles Market Outlook, By Type (2020-2028) ($MN)
- Table 31 Europe Ground Support Vehicles Market Outlook, By Tugs and Tractors (2020-2028) ($MN)
- Table 32 Europe Ground Support Vehicles Market Outlook, By Refuelers (2020-2028) ($MN)
- Table 33 Europe Ground Support Vehicles Market Outlook, By Passenger Buses (2020-2028) ($MN)
- Table 34 Europe Ground Support Vehicles Market Outlook, By De-icing Vehicles (2020-2028) ($MN)
- Table 35 Europe Ground Support Vehicles Market Outlook, By Ground Power Units (2020-2028) ($MN)
- Table 36 Europe Ground Support Vehicles Market Outlook, By Power Source (2020-2028) ($MN)
- Table 37 Europe Ground Support Vehicles Market Outlook, By Electric (2020-2028) ($MN)
- Table 38 Europe Ground Support Vehicles Market Outlook, By Non-Electric (2020-2028) ($MN)
- Table 39 Europe Ground Support Vehicles Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 40 Europe Ground Support Vehicles Market Outlook, By Application (2020-2028) ($MN)
- Table 41 Europe Ground Support Vehicles Market Outlook, By Military & Defence (2020-2028) ($MN)
- Table 42 Europe Ground Support Vehicles Market Outlook, By Commercial (2020-2028) ($MN)
- Table 43 Asia Pacific Ground Support Vehicles Market Outlook, By Country (2020-2028) ($MN)
- Table 44 Asia Pacific Ground Support Vehicles Market Outlook, By Type (2020-2028) ($MN)
- Table 45 Asia Pacific Ground Support Vehicles Market Outlook, By Tugs and Tractors (2020-2028) ($MN)
- Table 46 Asia Pacific Ground Support Vehicles Market Outlook, By Refuelers (2020-2028) ($MN)
- Table 47 Asia Pacific Ground Support Vehicles Market Outlook, By Passenger Buses (2020-2028) ($MN)
- Table 48 Asia Pacific Ground Support Vehicles Market Outlook, By De-icing Vehicles (2020-2028) ($MN)
- Table 49 Asia Pacific Ground Support Vehicles Market Outlook, By Ground Power Units (2020-2028) ($MN)
- Table 50 Asia Pacific Ground Support Vehicles Market Outlook, By Power Source (2020-2028) ($MN)
- Table 51 Asia Pacific Ground Support Vehicles Market Outlook, By Electric (2020-2028) ($MN)
- Table 52 Asia Pacific Ground Support Vehicles Market Outlook, By Non-Electric (2020-2028) ($MN)
- Table 53 Asia Pacific Ground Support Vehicles Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 54 Asia Pacific Ground Support Vehicles Market Outlook, By Application (2020-2028) ($MN)
- Table 55 Asia Pacific Ground Support Vehicles Market Outlook, By Military & Defence (2020-2028) ($MN)
- Table 56 Asia Pacific Ground Support Vehicles Market Outlook, By Commercial (2020-2028) ($MN)
- Table 57 South America Ground Support Vehicles Market Outlook, By Country (2020-2028) ($MN)
- Table 58 South America Ground Support Vehicles Market Outlook, By Type (2020-2028) ($MN)
- Table 59 South America Ground Support Vehicles Market Outlook, By Tugs and Tractors (2020-2028) ($MN)
- Table 60 South America Ground Support Vehicles Market Outlook, By Refuelers (2020-2028) ($MN)
- Table 61 South America Ground Support Vehicles Market Outlook, By Passenger Buses (2020-2028) ($MN)
- Table 62 South America Ground Support Vehicles Market Outlook, By De-icing Vehicles (2020-2028) ($MN)
- Table 63 South America Ground Support Vehicles Market Outlook, By Ground Power Units (2020-2028) ($MN)
- Table 64 South America Ground Support Vehicles Market Outlook, By Power Source (2020-2028) ($MN)
- Table 65 South America Ground Support Vehicles Market Outlook, By Electric (2020-2028) ($MN)
- Table 66 South America Ground Support Vehicles Market Outlook, By Non-Electric (2020-2028) ($MN)
- Table 67 South America Ground Support Vehicles Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 68 South America Ground Support Vehicles Market Outlook, By Application (2020-2028) ($MN)
- Table 69 South America Ground Support Vehicles Market Outlook, By Military & Defence (2020-2028) ($MN)
- Table 70 South America Ground Support Vehicles Market Outlook, By Commercial (2020-2028) ($MN)
- Table 71 Middle East & Africa Ground Support Vehicles Market Outlook, By Country (2020-2028) ($MN)
- Table 72 Middle East & Africa Ground Support Vehicles Market Outlook, By Type (2020-2028) ($MN)
- Table 73 Middle East & Africa Ground Support Vehicles Market Outlook, By Tugs and Tractors (2020-2028) ($MN)
- Table 74 Middle East & Africa Ground Support Vehicles Market Outlook, By Refuelers (2020-2028) ($MN)
- Table 75 Middle East & Africa Ground Support Vehicles Market Outlook, By Passenger Buses (2020-2028) ($MN)
- Table 76 Middle East & Africa Ground Support Vehicles Market Outlook, By De-icing Vehicles (2020-2028) ($MN)
- Table 77 Middle East & Africa Ground Support Vehicles Market Outlook, By Ground Power Units (2020-2028) ($MN)
- Table 78 Middle East & Africa Ground Support Vehicles Market Outlook, By Power Source (2020-2028) ($MN)
- Table 79 Middle East & Africa Ground Support Vehicles Market Outlook, By Electric (2020-2028) ($MN)
- Table 80 Middle East & Africa Ground Support Vehicles Market Outlook, By Non-Electric (2020-2028) ($MN)
- Table 81 Middle East & Africa Ground Support Vehicles Market Outlook, By Hybrid (2020-2028) ($MN)
- Table 82 Middle East & Africa Ground Support Vehicles Market Outlook, By Application (2020-2028) ($MN)
- Table 83 Middle East & Africa Ground Support Vehicles Market Outlook, By Military & Defence (2020-2028) ($MN)
- Table 84 Middle East & Africa Ground Support Vehicles Market Outlook, By Commercial (2020-2028) ($MN)
