Global Aircraft Ground Support Equipment Market Is Predicted To Explode By The End Of 2024 By Reaching USD 28 Billion In Value

By Goldstein Market Intelligence || 2018-02-03 4:11:31 AM

Global Aircraft Ground Support Equipment Market Is Predicted To Explode By The End Of 2024 By Reaching USD 28 Billion In Value

Positive growth of aviation industry is the major growth driver: Global aviation industry is rising on the back of factors such as rising number of flight passengers, increasing number of international flights, expansion of international and domestic tourism and globalization of businesses. These factors creating huge pressure on the airline and airport authorities to adopt advanced aircraft ground support equipment.    

 “Global Aircraft Ground Support Equipment Market Outlook 2024”

Global aircraft ground support equipment market is segmented into equipment types, by end-user. Among the equipment type segment, electric powered equipments are gaining traction among the end-users. The growing need of energy efficient and multi-tasking ground support equipments are the major factors which are bolstering the demand for electric powered ground support equipments. On the other hand, rising number of cargo planes owing to expansion of logistics industry further increase the demand for aircraft ground support equipment such as refillers, deicers, forklifts and others.   

U.S. aircraft ground support equipment market dominated the overall North America market with a market share of more than 72% in 2016 and it is predicted to maintain its dominance over the upcoming 5-6 years. The major reason behind this rising demand is the highest number of airports in the country and rising number of international flights. Government regulations are also led the shifting of diesel or gasoline powered ground support equipments with electric powered equipments. U.S. aircraft ground support equipment market is anticipated to garner USD 6.9 billion by the end of 2024. 

Expansion of airport infrastructure across the globe: Developing nations are the potential market

The rising air traffic and increasing number of flight travels is creating a huge pressure on the airline industries to maintain their aircrafts fleet in limited duration of time. Time to time maintenance and quality ground support services are key aspects which are triggering the demand for aircraft ground equipment market. Moreover, developing countries such as China, India, France, Singapore and others are increasing their mobility infrastructure and investing in airport infrastructure. Growing globalization in these developing countries is also improving the air traffic and infrastructure which further increase the demand for aircraft ground support equipments. However, high cost of these equipments and slow adoption of advanced equipments are the major aspects which are hindering the growth of this industry.

Global Aircraft Ground Support Equipment Market Outlook 2024contains detailed overview of the Global Aircraft Ground Support Equipment Market in terms of market segmentation by components, by software, by end-user and by application.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market report also includes provides competitive outlook of some of the major players of the global aircraft ground support equipment market which includes profiling of companies of Intel Corporation, IBM Corporation, Cisco Systems, Inc., Qualcomm Incorporated, Google etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global electric mattress market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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