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

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    Report

  • 93 Pages
  • February 2021
  • Region: United States
  • The Insight Partners
  • ID: 5295083
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

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Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 US Ground Support Equipment Market - By Equipment
1.3.2 US Ground Support Equipment Market - By Power Source
1.3.3 US Ground Support Equipment Market - By Application
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. US Ground Support Equipment Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Ground Support Equipment Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Enhancement of Operational Efficiency
5.1.2 Growing Business Aviation Sector
5.2 Market Restraints
5.2.1 Long Service Life of Ground Support Equipment
5.3 Market Opportunities
5.3.1 Procurement of Greener Ground Support Equipment
5.4 Future Trends
5.4.1 Increased Adoption of Wireless Technology
5.5 Impact Analysis of Drivers and Restraints
6. Ground Support Equipment Market - US Analysis
6.1 Ground Support Equipment Market US Overview
6.2 US Ground Support Equipment Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Key Players
7. Ground Support Equipment Market Analysis - By Equipment
7.1 Overview
7.2 Ground Support Equipment Market Breakdown, By Equipment, 2019 & 2027
7.3 Tugs and Tractors
7.3.1 Overview
7.3.2 Tugs and Tractors Market Revenue and Forecast to 2027 (US$ Million)
7.4 Ground Power Unit
7.4.1 Overview
7.4.2 Ground Power Unit Market Revenue and Forecast to 2027 (US$ Million)
7.5 Hydraulic Power Unit
7.5.1 Overview
7.5.2 Hydraulic Power Unit Market Revenue and Forecast to 2027 (US$ Million)
7.6 Aircraft Jacks
7.6.1 Overview
7.6.2 Aircraft Jacks Market Revenue and Forecast to 2027 (US$ Million)
7.7 Belt Loader
7.7.1 Overview
7.7.2 Belt Loader Market Revenue and Forecast to 2027 (US$ Million)
7.8 De-iceing Vehicles
7.8.1 Overview
7.8.2 De-iceing Vehicles Market Revenue and Forecast to 2027 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others Market Revenue and Forecast to 2027 (US$ Million)
8. Ground Support Equipment Market Analysis - By Power Source
8.1 Overview
8.2 Ground Support Equipment Market Breakdown, By Power Source, 2019 & 2027
8.3 Electric
8.3.1 Overview
8.3.2 Electric Market Revenue and Forecast to 2027 (US$ Million)
8.4 Non-Electric
8.4.1 Overview
8.4.2 Non-Electric Market Revenue and Forecast to 2027 (US$ Million)
9. Ground Support Equipment Market Analysis - By Application
9.1 Overview
9.2 Ground Support Equipment Market Breakdown, By Power Source, 2019 & 2027
9.3 Business Aviation
9.3.1 Overview
9.3.2 Business Aviation Market Revenue and Forecast to 2027 (US$ Million)
9.4 Military
9.4.1 Overview
9.4.2 Non-Electric Market Revenue and Forecast to 2027 (US$ Million)
10. Impact of COVID-19 on US Ground Support Equipment Market
10.1 Impact of COVID-19 Pandemic on US Ground Support Equipment Market
10.1.1 US: Impact Assessment of COVID-19 Pandemic
11. US Ground Support Equipment Market- Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Mallaghan
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AERO Specialties, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 AGSE LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Aviation Ground Equipment Corp.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ITW GSE ApS.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 JBT CORPORATION
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Meyer Hydraulics Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Textron Ground Support Equipment Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Towflexx GmbH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Tronair Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
List of Tables
Table 1. US Ground Support Equipment Market - Revenue and Forecast to 2027 (US$ Million)
Table 2. Word of Index: Ground Support Equipment Market
List of Figures
Figure 1. US Ground Support Equipment Market Segmentation
Figure 2. US Ground Support Equipment Market Overview
Figure 3. US Ground Support Equipment Market, By Equipment
Figure 4. US Ground Support Equipment Market, By Power Source
Figure 5. US Ground Support Equipment Market, By Application
Figure 6. Porter’s Five Forces Analysis
Figure 7. US Ground Support Equipment Market- Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Ground Support Equipment Market Impact Analysis of Drivers and Restraints
Figure 10. US Ground Support Equipment Market - Revenue and Forecast to 2027 (US$ Million)
Figure 11. Ground Support Equipment Market Breakdown, By Equipment (2019 and 2027)
Figure 12. Tugs and Tractors Market Revenue and Forecast to 2027 (US$ Million)
Figure 13. Ground Power Unit Market Revenue and Forecast to 2027 (US$ Million)
Figure 14. Hydraulic Power Unit Market Revenue and Forecast to 2027 (US$ Million)
Figure 15. Aircraft Jacks Market Revenue and Forecast to 2027 (US$ Million)
Figure 16. Belt Loader Market Revenue and Forecast to 2027 (US$ Million)
Figure 17. De-iceing Vehicles Market Revenue and Forecast to 2027 (US$ Million)
Figure 18. Others Market Revenue and Forecast to 2027 (US$ Million)
Figure 19. Ground Support Equipment Market Breakdown, By Power Source (2019 and 2027)
Figure 20. Electric Market Revenue and Forecast to 2027(US$ Million)
Figure 21. Non-Electric Market Revenue and Forecast to 2027(US$ Million)
Figure 22. Ground Support Equipment Market Breakdown, By Power Source (2019 and 2027)
Figure 23. Business Aviation Market Revenue and Forecast to 2027(US$ Million)
Figure 24. Non-Electric Market Revenue and Forecast to 2027(US$ Million)
Figure 25. Impact of COVID-19 Pandemic on US Ground Support Equipment Market

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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
  • Tronair Inc.