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990830

US Ground Support Equipment Market Forecast to 2027 - COVID-19 Impact and Country Analysis By Equipment, Power Source, and Application

Published: | The Insight Partners | 93 Pages | Delivery time: 1-2 business days

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US Ground Support Equipment Market Forecast to 2027 - COVID-19 Impact and Country Analysis By Equipment, Power Source, and Application
Published: February 4, 2021
The Insight Partners
Content info: 93 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

The US ground support equipment market was valued at US$ 246.2 million in 2019 and is projected to reach US$ 327.3 million by 2027; it is expected to grow at a CAGR of 4.7% from 2020 to 2027.

The availability of developed airport infrastructure significantly drives the growth of the business aviation sector. According to the President of the National Business Aviation Association, there are around 5,000 public service airports and additional 13,000 airfields, landing strips, and private sites across the US and serving businesses, including private owners and fly-in-fly-out mining companies. Another key factor driving the growth of the business aviation industry is the favorable tax legislation. According to legislation introduced in the Trump administration in 2017, a company can write off 100% of tax against CAPEX, including a new or used business aircraft, in the first year of acquisition. Moreover, as per the Cirium fleets data published in September 2019, the US had 19,137 operational business jets and turboprops, signifying 61% of the total global share. The presence of the highly-developed business aviation sector in the US is boosting the demand for ground support equipment across the country.

The US ground support equipment market is segmented on the basis of equipment, power source, and application. Based on equipment, the market is segmented into tugs and tractors, ground power unit, hydraulic power unit, aircraft jacks, belt loader, de-iceing vehicles, and others. The ground power unit segment accounted for the largest market share in 2019. Ground power unit are used to provide the power to aircraft stationed at the airport. Ground powered units, in some scenarios, are built into the jetway to power the aircraft easily. Moreover, the ground power units are skid mounted, towable trailer mounted, or self-propelled systems. The traditional ground power units are gas or diesel powered, however market players are now offering battery power ground power unit. The gas or diesel power ground power unit are compact in size. However, their maintenance cost is quiet high than battery powered. The battery power ground power unit makes less noise. The adoption of electric ground power unit is surging owing to the growing concern over the carbon emission and less maintenance cost, which is subsequently propelling the growth of US ground equipment market.

The US is the worst-hit country due to the COVID-19 outbreak in North America. Thousands of infected individuals are facing severe health conditions across the country as well as continuous growth in the number of confirmed cases had led the government to impose lockdown across the nation's borders in last few months. The airports across the country are experiencing deflation in revenue owing to the restrictions on air travelling for regular passengers. The adoption rate of technologies and equipment among airports is decent in the US, and its demand has shrunken to a drastic level owing to the closure of airports. This scenario is hindering the business aviation US ground support equipment market. The US military supply chain is also disrupted due to the COVID-19 pandemic. On the production end, ground support equipment manufacturing activities are slowed down.

A few major players operating in the US ground equipment market are Mallaghan; AERO Specialties, Inc.; AGSE LLC; Aviation Ground Equipment Corp.; ITW GSE ApS.; JBT Corporation; Meyer Hydraulics Corporation; Textron Ground Support Equipment Inc.; Towflexx GmbH; and Tronair Inc.

The overall US ground equipment market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the US ground equipment market with regard to all the segments. Also, primary interviews were conducted with industry participants and commentators to validate dataas well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the US ground equipment market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US Ground Support Equipment market

Highlights key business priorities in order to assist companies to realign their business strategies

The key findings and recommendations highlight crucial progressive industry trends in the US Ground Support Equipment market, thereby allowing players across the value chain to develop effective long-term strategies

Develop/modify business expansion plans by using substantial growth offering developed and emerging marketsScrutinize in-depth US market trends and outlook coupled with the factors driving the market, as well as those hindering it

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Table of Contents
Product Code: TIPRE00018851

Table Of Contents

1. Introduction

  • 1.1 Study Scope
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 US Ground Support Equipment Market - By Equipment
    • 1.3.2 US Ground Support Equipment Market - By Power Source
    • 1.3.3 US Ground Support Equipment Market - By Application

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. US Ground Support Equipment Market Landscape

  • 4.1 Market Overview
  • 4.2 Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Buyers
    • 4.2.2 Bargaining Power of Suppliers
    • 4.2.3 Threat to New Entrants
    • 4.2.4 Threat to Substitutes
    • 4.2.5 Competitive Rivalry
  • 4.3 Ecosystem Analysis
  • 4.4 Expert Opinion

5. Ground Support Equipment Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Enhancement of Operational Efficiency
    • 5.1.2 Growing Business Aviation Sector
  • 5.2 Market Restraints
    • 5.2.1 Long Service Life of Ground Support Equipment
  • 5.3 Market Opportunities
    • 5.3.1 Procurement of Greener Ground Support Equipment
  • 5.4 Future Trends
    • 5.4.1 Increased Adoption of Wireless Technology
  • 5.5 Impact Analysis of Drivers and Restraints

6. Ground Support Equipment Market - US Analysis

  • 6.1 Ground Support Equipment Market US Overview
  • 6.2 US Ground Support Equipment Market - Revenue and Forecast to 2027 (US$ Million)
  • 6.3 Market Positioning - Key Players

7. Ground Support Equipment Market Analysis - By Equipment

  • 7.1 Overview
  • 7.2 Ground Support Equipment Market Breakdown, By Equipment, 2019 & 2027
  • 7.3 Tugs and Tractors
    • 7.3.1 Overview
    • 7.3.2 Tugs and Tractors Market Revenue and Forecast to 2027 (US$ Million)
  • 7.4 Ground Power Unit
    • 7.4.1 Overview
    • 7.4.2 Ground Power Unit Market Revenue and Forecast to 2027 (US$ Million)
  • 7.5 Hydraulic Power Unit
    • 7.5.1 Overview
    • 7.5.2 Hydraulic Power Unit Market Revenue and Forecast to 2027 (US$ Million)
  • 7.6 Aircraft Jacks
    • 7.6.1 Overview
    • 7.6.2 Aircraft Jacks Market Revenue and Forecast to 2027 (US$ Million)
  • 7.7 Belt Loader
    • 7.7.1 Overview
    • 7.7.2 Belt Loader Market Revenue and Forecast to 2027 (US$ Million)
  • 7.8 De-iceing Vehicles
    • 7.8.1 Overview
    • 7.8.2 De-iceing Vehicles Market Revenue and Forecast to 2027 (US$ Million)
  • 7.9 Others
    • 7.9.1 Overview
    • 7.9.2 Others Market Revenue and Forecast to 2027 (US$ Million)

8. Ground Support Equipment Market Analysis - By Power Source

  • 8.1 Overview
  • 8.2 Ground Support Equipment Market Breakdown, By Power Source, 2019 & 2027
  • 8.3 Electric
    • 8.3.1 Overview
    • 8.3.2 Electric Market Revenue and Forecast to 2027 (US$ Million)
  • 8.4 Non-Electric
    • 8.4.1 Overview
    • 8.4.2 Non-Electric Market Revenue and Forecast to 2027 (US$ Million)

9. Ground Support Equipment Market Analysis - By Application

  • 9.1 Overview
  • 9.2 Ground Support Equipment Market Breakdown, By Power Source, 2019 & 2027
  • 9.3 Business Aviation
    • 9.3.1 Overview
    • 9.3.2 Business Aviation Market Revenue and Forecast to 2027 (US$ Million)
  • 9.4 Military
    • 9.4.1 Overview
    • 9.4.2 Non-Electric Market Revenue and Forecast to 2027 (US$ Million)

10. Impact of COVID-19 on US Ground Support Equipment Market

  • 10.1 Impact of COVID-19 Pandemic on US Ground Support Equipment Market
    • 10.1.1 US: Impact Assessment of COVID-19 Pandemic

11. US Ground Support Equipment Market- Industry Landscape

  • 11.1 Overview
  • 11.2 Market Initiative
  • 11.3 New Product Development
  • 11.4 Merger and Acquisition

12. Company Profiles

  • 12.1 Mallaghan
    • 12.1.1 Key Facts
    • 12.1.2 Business Description
    • 12.1.3 Products and Services
    • 12.1.4 Financial Overview
    • 12.1.5 SWOT Analysis
    • 12.1.6 Key Developments
  • 12.2 AERO Specialties, Inc.
    • 12.2.1 Key Facts
    • 12.2.2 Business Description
    • 12.2.3 Products and Services
    • 12.2.4 Financial Overview
    • 12.2.5 SWOT Analysis
    • 12.2.6 Key Developments
  • 12.3 AGSE LLC
    • 12.3.1 Key Facts
    • 12.3.2 Business Description
    • 12.3.3 Products and Services
    • 12.3.4 Financial Overview
    • 12.3.5 SWOT Analysis
    • 12.3.6 Key Developments
  • 12.4 Aviation Ground Equipment Corp.
    • 12.4.1 Key Facts
    • 12.4.2 Business Description
    • 12.4.3 Products and Services
    • 12.4.4 Financial Overview
    • 12.4.5 SWOT Analysis
    • 12.4.6 Key Developments
  • 12.5 ITW GSE ApS.
    • 12.5.1 Key Facts
    • 12.5.2 Business Description
    • 12.5.3 Products and Services
    • 12.5.4 Financial Overview
    • 12.5.5 SWOT Analysis
    • 12.5.6 Key Developments
  • 12.6 JBT CORPORATION
    • 12.6.1 Key Facts
    • 12.6.2 Business Description
    • 12.6.3 Products and Services
    • 12.6.4 Financial Overview
    • 12.6.5 SWOT Analysis
    • 12.6.6 Key Developments
  • 12.7 Meyer Hydraulics Corporation
    • 12.7.1 Key Facts
    • 12.7.2 Business Description
    • 12.7.3 Products and Services
    • 12.7.4 Financial Overview
    • 12.7.5 SWOT Analysis
    • 12.7.6 Key Developments
  • 12.8 Textron Ground Support Equipment Inc.
    • 12.8.1 Key Facts
    • 12.8.2 Business Description
    • 12.8.3 Products and Services
    • 12.8.4 Financial Overview
    • 12.8.5 SWOT Analysis
    • 12.8.6 Key Developments
  • 12.9 Towflexx GmbH
    • 12.9.1 Key Facts
    • 12.9.2 Business Description
    • 12.9.3 Products and Services
    • 12.9.4 Financial Overview
    • 12.9.5 SWOT Analysis
    • 12.9.6 Key Developments
  • 12.10 Tronair Inc.
    • 12.10.1 Key Facts
    • 12.10.2 Business Description
    • 12.10.3 Products and Services
    • 12.10.4 Financial Overview
    • 12.10.5 SWOT Analysis
    • 12.10.6 Key Developments

13. Appendix

  • 13.1 About The Insight Partners
  • 13.2 Glossary of Terms

List Of Tables

  • Table 1. US Ground Support Equipment Market - Revenue and Forecast to 2027 (US$ Million)
  • Table 2. Word of Index: Ground Support Equipment Market

List Of Figures

  • Figure 1. US Ground Support Equipment Market Segmentation
  • Figure 2. US Ground Support Equipment Market Overview
  • Figure 3. US Ground Support Equipment Market, By Equipment
  • Figure 4. US Ground Support Equipment Market, By Power Source
  • Figure 5. US Ground Support Equipment Market, By Application
  • Figure 6. Porter's Five Forces Analysis
  • Figure 7. US Ground Support Equipment Market- Ecosystem Analysis
  • Figure 8. Expert Opinion
  • Figure 9. Ground Support Equipment Market Impact Analysis of Drivers and Restraints
  • Figure 10. US Ground Support Equipment Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 11. Ground Support Equipment Market Breakdown, By Equipment (2019 and 2027)
  • Figure 12. Tugs and Tractors Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 13. Ground Power Unit Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 14. Hydraulic Power Unit Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 15. Aircraft Jacks Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 16. Belt Loader Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 17. De-iceing Vehicles Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 18. Others Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 19. Ground Support Equipment Market Breakdown, By Power Source (2019 and 2027)
  • Figure 20. Electric Market Revenue and Forecast to 2027(US$ Million)
  • Figure 21. Non-Electric Market Revenue and Forecast to 2027(US$ Million)
  • Figure 22. Ground Support Equipment Market Breakdown, By Power Source (2019 and 2027)
  • Figure 23. Business Aviation Market Revenue and Forecast to 2027(US$ Million)
  • Figure 24. Non-Electric Market Revenue and Forecast to 2027(US$ Million)
  • Figure 25. Impact of COVID-19 Pandemic on US Ground Support Equipment Market