US Ground Support Equipment Market Forecast to 2027 - COVID-19 Impact and Country Analysis By Equipment, Power Source, and Application

US Ground Support Equipment Market for Electric Segment to Grow at Faster CAGR during 2019-2027

According to a new market research study on “US Ground Support Equipment Market Forecast to 2027 - COVID-19 Impact and Analysis - by Equipment, Power Source, and Application,” the market is expected to reach US$ 327.3 million by 2027 from US$ 246.2 million in 2019. It is estimated to grow at a CAGR of 4.7% from 2020 to 2027. The report provides trends prevailing in the US ground support equipment market along with the drivers and restraints pertaining to the market growth. Growing number of air bases of US military worldwide and increasing focus of airports, landing strips, and private sites on enhancing operational efficiency and high service standards are boosting the overall market. Also, the growing focus on procurement of greener ground support equipment (GSE) and increasing adoption of wireless technology in GSE are the factors expected to drive the growth of the GSE market during the forecast period.

The US ground support equipment market is segmented on the basis of equipment, power source, and application. Based on equipment, the market is segmented into tugs and tractors, ground power unit, hydraulic power unit, aircraft jacks, belt loader, de-iceing vehicles, and others. In 2019, the ground power unit segment held the largest share of the Market. In terms of power source, the market is bifurcated into electric and non-electric. The electric segment is anticipated to register a higher CAGR during the forecast period. One of the major factors contributing to the US ground support equipment market growth for the electric segment is the growing concern for carbon emissions as private and government organization are focusing on the adoption of cleaner technology for carrying out their application. Further, most of the electric ground support equipment have lower maintenance costs than conventional and are more efficient in colder region as well.

The US is the worst-hit country due to the COVID-19 outbreak in North America. Thousands of infected individuals are facing severe health conditions across the country as well as continuous growth in the number of confirmed cases had led the government to impose lockdown across the nation’s borders in last few months. The airports across the country are experiencing deflation in revenue owing to the restrictions on air travelling for regular passengers. The adoption rate of technologies and equipment among airports is decent in the US, and its demand has shrunken to a drastic level owing to the closure of airports. This scenario is hindering the business aviation US ground support equipment market. The US military supply chain is also disrupted due to the COVID-19 pandemic. On the production end, ground support equipment manufacturing activities are slowed down.

The US ground support equipment market is dominated by well-established players. These players constantly focus on new product developments and maintaining long-term contracts with DoD and commercial airport authorities to maintain their market position. A few market players profiled in this research study are Mallaghan; AERO Specialties, Inc.; AGSE LLC; Aviation Ground Equipment Corp.; ITW GSE ApS.; JBT Corporation; Meyer Hydraulics Corporation; Textron Ground Support Equipment Inc.; Towflexx GmbH; and Tronair Inc.

The report segments the US Ground Support Equipment Market as follows:

US Ground Support Equipment Market - by Equipment

• Tugs and Tractors
• Ground Power Unit
• Hydraulic Power Unit
• Aircraft Jacks
• Belt Loader
• De-Iceing Vehicles
• Others

US Ground Support Equipment Market - by Power Source

• Electric
• Non-Electric

US Ground Support Equipment Market- by Application

• Business Aviation
• Military Aviation

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America Floor Care Polymers Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the South America Floor Care Polymers Market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth South America market trends and outlook coupled with the factors driving the floor care polymers market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.