North America Ground Support Equipment Market 2022-2028
MARKET OUTLOOK
According to Triton Market Research, the North America ground support equipment market is anticipated to develop with a CAGR of 10.97% in the estimated period from 2022 to 2028. The United States and Canada form the market in this region.
A number of airports in the United States are working towards expanding the number of airports and improving the existing ones due to the rise in the number of air travel passengers. Moreover, initiatives by the Federal Aviation Administration (FAA), such as ARB (California Air Resources Board) and VALE (Voluntary Airport Low-Emission), lay focus on the manufacture of quality products and the adoption of scientific technology with R&D support to reduce carbon footprint. This particular trend is expected to aid the adoption of green GSE, and, in turn, consolidate the US’ ground support market in the forthcoming years.
Canada’s action plan is to focus more on enhancing the operational efficiency at airports. This provides a massive opportunity for the usage of GPS-enabled ground support equipment to track all activity at the airport ground. Jazz Aviation and Air Canada have planned to deploy GPS-enabled equipment for ground support at major airports, such as Montréal-Trudeau International Airport, Toronto Pearson International Airport, Vancouver International Airport, Calgary International Airport, and Halifax Stanfield International Airport. In addition to this, studies are in progress to learn about the feasibility of alternative energy conversion for GSE used at Canadian airports. These developments are expected to foster the ground support market growth in Canada.
COMPETITIVE OUTLOOK
Merlinhawk Aerospace, Weihai Guangtai Airport Equipment Co Ltd, Textron Ground Support Equipment Inc, Cobus Industries GmbH, Tronair, Charlatte America, Aero Specialties Inc, Hydro Systems KG, and Mulag Fahrzeugwerk are some of the noteworthy companies in the ground support equipment market.
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