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Ground Support Equipment - Global Market Trajectory & Analytics

  • ID: 4805013
  • Report
  • April 2021
  • Region: Global
  • 380 pages
  • Global Industry Analysts, Inc
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):
  • 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

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession

  • Total Companies Profiled: 47
Note: Product cover images may vary from those shown