Ground Support Equipment - Global Market Trajectory & Analytics

Global Ground Support Equipment Market to Reach $34.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Ground Support Equipment estimated at US$17.2 Billion in the year 2020, is projected to reach a revised size of US$34.5 Billion by 2027, growing at aCAGR of 10.4% over the period 2020-2027. Electric, one of the segments analyzed in the report, is projected to record 11.6% CAGR and reach US$9.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Electric segment is readjusted to a revised 10% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.7 Billion, While China is Forecast to Grow at 13.8% CAGR

The Ground Support Equipment market in the U.S. is estimated at US$4.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.4 Billion by the year 2027 trailing a CAGR of 13.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.We bring years of research experience to this 6th edition of our report. The 380-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• Aircraft Maintenance Support Services Ltd.
• Avia Equipment Pte Ltd.
• Clyde Machines, Inc.
• Gate Gse
• JBT Corporation
• Mallaghan Engineering Ltd.
• Mulag Fahrzeugwerk GmbH
• Shenzhen CIMC-TianDa Airport Support Ltd.
• Teleflex Lionel-Dupont (Tld)
• Tronair, Inc.
• TUG Technologies Corporation
• Weihai Guangtai Airport Equipment Co., Ltd.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.