North America Ground Support Equipment Market Forecast 2022-2030
KEY FINDINGS
The North America ground support equipment market is anticipated to grow with a CAGR of 10.96% during the forecasted years, 2022 to 2030. The market growth of the region is strengthened by the surge in e-commerce, increased spending on aircraft infrastructure, and the rise in complex operations.
MARKET INSIGHTS
The North America ground support equipment market growth study covers the in-depth evaluation of Canada and the United States. Two new programs, namely, the Airport Critical Infrastructure Program (ACIP) and the Airport Relief Fund (ARF), were introduced by Transport Canada. While the ACIP will offer nearly C$490 million for critical infrastructure associated with security, safety, and connectivity, the ARF will have approximately $65 million for distribution across targeted airports in Canada in order to help maintain operations.
Since Canada’s preliminary plan of action is to concentrate on operational efficiency, there is a significant opportunity for GPS-enabled ground support equipment for tracking all airport ground movements. Moreover, Air Canada, as well as Jazz Aviation, have proposed to deploy GPS-enabled ground support equipment across key airports such as Montréal-Trudeau International Airport, Toronto Pearson International Airport, Halifax Stanfield International Airport, Vancouver International Airport, and Calgary International Airport.
In addition, studies have also been initiated on the feasibility of alternative energy conversion of ground support equipment at Canadian airports. As a result, these factors are set to augment the ground support equipment market growth in North America across the projected years.
COMPETITIVE INSIGHTS
The top firms operating in the market are JBT Aerotech, Charlatte America, ITW GSE Aps, Tronair, etc.
Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Growth In Air Traffic
- 3.1.2. Rising Construction Of Airports & Terminals
- 3.1.3. Anticipated Growth In Number Of Air Travelers
- 3.2. Key Restraints
- 3.2.1. Maintenance & Replacement Issues
- 3.2.2. High Initial Investment
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Ground Support Equipment Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.6.1. Raw Materials & Standard Parts Suppliers
- 4.6.2. Research & Development
- 4.6.3. Manufacturing & Support Services
- 4.6.4. Retail & End-users
- 4.7. Key Buying Criteria
- 4.7.1. Cost
- 4.7.2. New Or Used
- 4.7.3. Capacity & Efficiency
- 4.7.4. Availability Of Replacement Tools
- 5. Market By Type
- 5.1. Powered Ground Support Equipment
- 5.2. Non-powered Ground Support Equipment
- 6. Market By Power Source
- 6.1. Electric
- 6.2. Non-electric
- 6.3. Hybrid
- 7. Market By Application
- 7.1. Passenger Service
- 7.1.1. Bulk Loaders/Conveyors
- 7.1.2. Cabin Service Vehicles
- 7.1.3. Boarding Stairs
- 7.1.4. Lavatory Service Vehicles
- 7.1.5. Passenger Boarding Bridges
- 7.1.6. Passenger Buses
- 7.2. Commercial Cargo Service
- 7.2.1. Cargo/Container Loaders
- 7.2.2. Pushback Tractors
- 7.2.3. Forklifts
- 7.3. Commercial Aircraft Service
- 7.3.1. Deicers
- 7.3.2. Ground Power Units
- 7.3.3. Fuel Trucks
- 7.3.4. Pre-conditioned Air Units
- 7.3.5. Hydrant Trucks
- 7.4. Military Cargo Service
- 7.5. Military Aircraft Service
- 8. Market By End-user
- 8.1. Commercial
- 8.2. Defense
- 9. Geographical Analysis
- 9.1. North America
- 9.1.1. Market Size & Estimates
- 9.1.2. Key Growth Enablers
- 9.1.3. Key Challenges
- 9.1.4. Key Players
- 9.1.5. Country Analysis
- 9.1.5.1. United States
- 9.1.5.2. Canada
- 10. Competitive Landscape
- 10.1. Key Strategic Developments
- 10.1.1. Mergers & Acquisitions
- 10.1.2. Product Launches & Developments
- 10.1.3. Partnerships & Agreements
- 10.1.4. Business Expansions & Divestitures
- 10.2. Company Profiles
- 10.2.1. Aero Specialties Inc
- 10.2.2. Air+Mak Industries Inc
- 10.2.3. Cavotec Sa
- 10.2.4. Champion Gse
- 10.2.5. Charlatte America
- 10.2.6. Cimc Tianda Holdings Co Lt
- 10.2.7. Cobus Industries Gmbh
- 10.2.8. Hydro Systems Kg
- 10.2.9. Itw Gse Aps
- 10.2.10. Jbt Aerotech
- 10.2.11. Kalmar Motor Ab
- 10.2.12. Mallaghan
- 10.2.13. Merlinhawk Aerospace
- 10.2.14. Mulag Fahrzeugwerk
- 10.2.15. Rheinmetall Ag
- 10.2.16. Textron Ground Support Equipment Inc
- 10.2.17. Tld-group
- 10.2.18. Tronair
- 10.2.19. Weihai Guangtai Airport Equipment Co Ltd
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