Ground support equipment is the support equipment found at an airport, the servicing area by the terminal. Ground support equipment is used to service the aircraft between flights. Based on application, the market is segmented into commercial cargo service, passenger service, military cargo service, commercial cargo service and military aircraft service. In 2016, among the various application, commercial cargo service segment dominated the market followed by military cargo service. In addition, commercial cargo service is also expected to grow at the highest rate for the coming years. Increase in the investment in the infrastructure is major driver driving the market for the commercial cargo service segment in ground support equipment market for the forecast period. Commercial cargo service is further being segmented into pushback tractors, containers loaders and forklifts. Passenger service is further being segmented into passenger buses, cabin service vehicles, passenger boarding bridges and others. Commercial aircraft service is further being segmented into fuel trucks, hydrant trucks, ground power units and others.

Based on type, the market is segmented into hybrid, electric and non-electric. In 2016, the electric segment dominated the market followed by hybrid and this segment is anticipated to be dominant in the coming years. Increase in the demand for energy efficient, green and clean ground support equipment technologies is one of the key factor fueling the demand of the electric segment in the ground support equipment market for the forecast period of 2017 – 2025.

Based on component, the market is segmented into brownfield, greenfield and MRO. In 2016, the greenfield segment dominated the market followed by brownfield and this segment is anticipated to be dominant in the coming years. Growing purchasing power in developing economies is one of the key factor driving the market for the ground support equipment for the forecast period.

Based on end use, the market is segmented into defense and commercial. In 2016, the commercial segment dominated the market followed by defense and this segment is anticipated to be dominant in the coming years. Increase in freight, aircraft and passenger movement across the world is one of the key factor boosting the demand of commercial segment in ground support equipment market. With the rise in freight and passenger traffic, the frequency of aircraft or flights movements is also rising, which is anticipated to rise the demand for commercial ground support equipment.

The geographical split of the market includes North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2016, North America was slated to be the key market followed by Europe. In 2016, the U.S. was the major market for North America as well as globally. Increase in the demand for electric and hybrid ground support equipment is major factor driving the market for the ground support equipment market in the U.S. and North America region. Asia Pacific, Latin America and Middle East & Africa regions are expected to grow at the healthy rate due to increase in the investment by several developing countries such as India, Brazil and China among others. Asia Pacific is anticipated to grow at the highest CAGR for the forecast period. In 2016, China is expected to dominate the Asia Pacific region followed by Japan and expected to be dominant in the coming years.

Increase in the warehouse operations at airports is one of the key factor boosting the demand of ground support equipment market in China. India is anticipated to grow at the highest CAGR in Asia Pacific region for the coming years. Increase in the number of airlines and airports is one of the key factor driving the market for ground support equipment in India for the forecast period. Europe is expected to grow at sluggish rate in the coming years. The U.K. and Germany is expected to be the major market for Europe. Increasing imports and exports activities is one of the key factor fueling the demand of the market in Europe. Brazil and Saudi Arabia is expected to be the major market for the Middle East and Africa region. Increase in the demand for ground support equipment to cater the growing freight cargo and passenger traffic which in turn helping the demand of ground support equipment market in Middle East and Africa market.

The major players in the ground support equipment market are Teleflex Lionel-Dupont (TLD) Group (France), JBT Corporation (United States), Tug Technologies Corporation (United States), AMSS GSE (United Kingdom), Tronair Inc. (United States), Mallaghan Engineering Ltd. (United Kingdom), Mulag Fahrzeugwerk GmbH (Germany), Shenzhen Cimc-Tianda Airport Support Co. Ltd. (China), Gate GSE (Belgium) and Avia Equipment Pte Ltd (Singapore) among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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