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.
Frequently Asked Questions about the Global Market for Ground Support Equipment
What is the estimated value of the Global Market for Ground Support Equipment?
What is the growth rate of the Global Market for Ground Support Equipment?
What is the forecasted size of the Global Market for Ground Support Equipment?
| Report Attribute | Details |
|---|---|
| No. of Pages | 380 |
| Published | April 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD ) in 2020 | $ 17.2 Billion |
| Forecasted Market Value ( USD ) by 2027 | $ 34.5 Billion |
| Compound Annual Growth Rate | 10.5% |
I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 47
