Europe Ground Support Equipment Market Forecast 2022-2030
KEY FINDINGS
The Europe ground support equipment market is anticipated to rise with a CAGR of 11.52% across the forecast years, 2022 to 2030. The region’s market growth is linked to the expected rise in air travel given the presence of educational institutions and large conglomerates, the demand for environmentally friendly ground support equipment owing to European Union policies, and the surge in investments for the expansion of airport infrastructure.
MARKET INSIGHTS
The Europe ground support equipment market growth analysis covers the assessment of the United Kingdom, France, Italy, Poland, Germany, Belgium, Russia, and Rest of Europe. Significant defense spending by the French government in order to bolster the country’s military aviation capability is anticipated to fuel the deployment of ground support equipment for military cargo handling operations and aircraft mobility. Moreover, notable growth in France’s airport traffic is also expected to boost the adoption of ground support equipment that connects airport terminals to the aircraft and vice versa.
On the other hand, with a direct workforce of more than 50,000 as well as a turnover of $12 billion in 2019, the Italian aerospace and defense industry ranks among the top 10 globally. Moreover, it also ranks 4th across Europe, representing the chief manufacturing sector in Italy, in the avenue of high-tech integrated systems. Therefore, the abovementioned factors are set to augment the ground support equipment market growth in Europe over the forecasting years.
COMPETITIVE INSIGHTS
Some of the notable players operating in the market are Mallaghan, Cobus Industries GmbH, Mulag Fahrzeugwerk, Cavotec SA, etc.
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