Global Airport Ground Support Equipment

Global Airport Ground Support Equipment

The global airport ground support equipment market is projected to witness a compound annual growth rate (CAGR) of 5.1% (in value terms) during the forecast period, culminating in a market value of USD 4,826 million by 2029.

This report provides an analysis of the market segmentation of global airport ground support equipment based on passenger tiers for the forecast period. The key segments in passenger tiers include tier 1, tier 2, tier 3, tier 4, and tier 5. Notably, the tier 1 segment has demonstrated substantial growth, with its value reaching USD 2,361 million by 2029, resulting in a CAGR of 6.5% from 2022 to 2029.

Geographically, Europe has emerged as the dominant region in the airport ground support equipment market as of 2023, followed closely by North America and Asia-Pacific. According to Tanalyze's estimates, the European market size will grow to USD 1,560 million by 2029, registering a CAGR of 5.3% from 2022 to 2029. Meanwhile, the North American market, another prominent regional segment, is expected to reflect a CAGR of 4.5% over the same period.

Prominent vendors shaping the competitive dynamics of this market include John Bean Technologies Corporation, Weihai Guangtai Airport Equipment Co., Ltd., TK Elevator Corporation, Textron Inc., Tronair Inc., Sinfonia Technology Co., Ltd., Mallaghan Engineering Limited, Aero Specialties, Inc., Imai Aero-Equipment Mfg. Co., Ltd., and Dabico, Inc., among others.

This study aims to analyze the global market for various segments of airport ground support equipment, including:

Passenger Tiers: Tier 1, Tier 2, Tier 3, Tier 4, and Tier 5.

Region: North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA).