Market Overview

Airport ground support equipment (GSE) is support equipment found at the airside and airport terminals for additional passenger or aircraft support. This also benefits the aircraft maintenance and service between flight stoppages.

Of late, rising investments by countries in airport infrastructure has led to an increase in the demand for airport GSE. As a result, higher investments are being made in the development of GSE, which would witness rapid growth during the forecast period.

The growth of the North America airport ground support equipment market is expected to be driven by factors such as a rise in airport operations & proliferation of airport infrastructure and the increasing preference for modern electric ground support equipment.

However, the inadequate charging infrastructure for electric ground support equipment is expected to restrict the market growth in the region. On the other hand, the integration of Li-ion batteries into electric ground support equipment poses lucrative opportunities for airport ground support equipment vendors.

Market Segmentation

• Based on the power source, the North America airport ground support equipment market has been segmented into hybrid, electric, and non-electric. The non-electric segment accounted for the largest market share of 69.57% in 2020.
• Based on equipment, the North America airport ground support equipment market has been segmented into assembly tool and movement equipment. The movement equipment segment accounted for the larger market share of 69.32% in 2020.
• Based on application, the North America airport ground support equipment market has been segmented into aircraft handling, cargo handling, and passenger handling. The aircraft handling segment accounted for the largest market share of 49.56% in 2020 and is likely to reach USD 2,321.45 million by 2027.
• Based on end user, the North America airport ground support equipment market has been segmented into commercial airport and military airport. The commercial airport segment accounted for the larger market share of 90.33% in 2020 and is anticipated to reach USD 4,129.53 million by 2027.

Regional analysis

Based on country, the North America airport ground support equipment market has been segmented into the US, Canada, and Mexico. The US accounted for the largest market share of 86.43% in 2020 and is anticipated to reach USD 3,848.90 million by 2027, registering a CAGR of 4.72% during the forecast period.

The country accounted for the major share of the market due to the rapid rise in airport operations and the presence of major regional players in the country. Canada accounts for the second-largest market, followed by Canada.

Moreover, the Mexico airport ground support equipment market has grown significantly due to the rapid aviation growth and proliferation of airport infrastructure in the country. Canada airport ground support equipment market is expected to register a significant market growth during the review period due to rising preference for modern ground support equipment and increasing operations of Canadian airlines.

Major Players

JBT Corporation, TLD, Textorn Ground Support Equipment Inc., Tronair Inc. mallaghan Engineering Limited are some of the key market players of North America Airport Ground Support Equipment Market.

The post North America Airport Ground Support Equipment Market Research Report Forecast to 2027 first appeared on CRI Report.