Middle East And Africa Ground Support Equipment Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s study on the ground support equipment market in the Middle East and Africa puts forth that it is likely to witness growth, with a CAGR of 10.85% in the forecasting period from 2022 to 2028. South Africa, the United Arab Emirates, Saudi Arabia, Turkey, and Rest of Middle East & Africa together constitute the market in this region.
Saudi Arabia has a target of raising its contribution from the aviation sector, reaching an approximate value of $74.6 billion by 2030. Moreover, it is expected that the number of passengers would reach 330 million annually by then. The KSA also stands fifth in the world for air connectivity for travelers. All these factors create a high demand for ground support equipment in the country. This is fostering the market’s growth.
Kenya and Bahrain are eminent countries in the Rest of Middle East & Africa region. Kenya’s economy has shown resilience to the after-effects of COVID-19, with its GDP in the first half of 2021 rising above the pre-pandemic levels. The number of passengers plying the air route has grown massively over the years. This is creating several growth opportunities for GSE manufacturers. On the other hand, the strategic rise of the aviation sector in Bahrain and rising investment for its development are driving the market for ground support equipment in the country.
COMPETITIVE OUTLOOK
The dominant players in the ground support equipment market include Cavotec SA, Kalmar Motor AB, Mulag Fahrzeugwerk, Cobus Industries GmbH, Air Mak Industries Inc, ITW GSE APS, Textron Ground Support Equipment Inc, CIMC Tianda Holdings Co Ltd, and Weihai Guangtai Airport Equipment Co Ltd.
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