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 a CAGR 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.
Select Competitors (Total 47 Featured):
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 a CAGR 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.
Select Competitors (Total 47 Featured):
- 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.
Note: Product cover images may vary from those shown
I. METHODOLOGY
II. EXECUTIVE SUMMARY
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
IV. COMPETITION
- Total Companies Profiled: 47
Note: Product cover images may vary from those shown
