Europe Ground Support Equipment Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s report on the ground support equipment market in Europe estimates that the industry would grow in terms of revenue, with a CAGR of 11.53% over the forecast period 2022-2028. Russia, Germany, Italy, France, Spain, the United Kingdom, and Rest of Europe together form the market in this region.
In Germany, the notable expansion of airport infrastructure to support the surging traffic of air passengers across airports is expected to drive the growth of the ground support equipment market. For example, there is an increase in the use of buses for carrying passengers from the airport’s terminal to the airplane and vice versa. These buses are an important type of GSE, and the rise in air travel passengers is expected to enhance the growth of the studied market.
Also, Germany is known for its advanced manufacturing capabilities. There are numerous key players, such as Rheinmetall AG, Desko, Mulag Fahrzeugwerk, and others, operating in the GSE market that are based in Germany. They are continuously striving for the development of better and innovative products in the GSE category.
The ground support equipment market in Russia is also growing steadily due to the ever-growing demand for high-quality ground support equipment from leading airports. Moreover, the government is working towards creating a competitive environment for ground handling services at three of its largest airports. This has attracted several private companies to focus on offering them GSE. Also, Russian airports are focusing on modernizing their airfield infrastructure. And therefore, the demand for modern ground support equipment is on the rise.
COMPETITIVE OUTLOOK
The primary contenders in the ground support equipment market include Mulag Fahrzeugwerk, Aero Specialties Inc, Tronair, Textron Ground Support Equipment Inc, Kalmar Motor AB, Weihai Guangtai Airport Equipment Co Ltd, Mallaghan, Champion GSE, and Cavotec SA.
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