Global
Aircraft
Ground Support Equipment Market is anticipated to grow at a higher CAGR
in the forthcoming period. Aircraft industry is a complex industry and hence
the deployment of support equipment is also complex. There are different types
of support equipment available and are needed to perform several functions
mandatory to maintain an aircraft in top condition. Support equipment such as
tow tractors, spotting dollies, aircraft tie down chains, aircraft wheel blocks
and aircraft tow bars can all be summed up as aircraft ground support
equipment.
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Driving
factors responsible for the growth of aircraft ground support equipment market
includes stringent government regulations and development of products.
Additional factors such as vehicular emissions coupled with vehicle energy
consumption are likely to contribute to the growth of aircraft ground support
equipment market. Also, development of innovative products pertaining to
aircraft ground support equipment contributes to the market growth. However,
market restraints such as slowing down of economy coupled with lack of demand
for luxury goods and services is likely to impede the market growth in near
future. For instance, aviation industry is a chief component of GDP in South
America with Brazil and Chile having a fluctuating demand for aviation industry
due to economic boom and bust.
Geographical
segmentation for aircraft ground support equipment industry includes North
America, South America, Europe, Asia-Pacific, Middle-East and Africa. APAC
market dominated owing to tremendous growth in aircraft and airline industries
coupled with growth in airport infrastructures. Factors such as rise in air
passenger and cargo traffic is also likely to contribute to the growth of
aircraft ground support equipment market. North America and Europe market is
also expected to witness a higher CAGR growth in the forthcoming period due to
rise in passenger and cargo traffic and innovative progress in airport
infrastructure. The key players in aircraft ground support equipment market
include JBT Corporation, Teleflex Lionel, DuPont Group, Tug Technologies
Corporation, TronairInc, and AMSS GSE.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Aircraft Ground Support Equipment in these
regions, from 2012 to 2022 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
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