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Airport Ground Support Vehicle Market Size, Share & Industry Analysis, By Power Source (Electric Vehicles , Non-electric Vehicles, Hybrid), By Application ( Commercial, Military & Defence and Regional Forecast, 2022-2029

Region : Global | Report ID: FBI103356 | Status : Ongoing

 

KEY MARKET INSIGHTS

Airport ground support vehicles are considered as the ground support equipment. It is used to support equipment mainly found at the airport to provide services in between the flights. These vehicles are used to provide quick support after aircraft landing and before aircraft take off. Airport ground support vehicles are majorly used to cater to services such as passenger services, ramp services, cabin services, catering services, and field operation services. The vehicles are mainly used for the movement of aircraft, cargo, and passengers. These vehicles are used to carry out aircraft movement, fuselage examination, and refueling. Other use includes cargo loading & unloading and passenger boarding & unboarding. The ground support equipment is used for numerous applications on the ground and designed to reduce labor works.


The aviation industry is experiencing a positive business outlook from the past few years due to the rise in disposable income among the middle class population across the globe. Strong growth in air traffic owing to affordable flights in several countries is fuelling demand for domestic and international flights across the world. These key factors are positively driving the development of new airport construction and expansion of existing transport infrastructure likely to boost airport ground support vehicles market across the world in the coming few years.


Key Market Driver -

New construction of airports and existing airport expansion

Key Market Restraint -

High operation cost for airline companies


Market Segmentation:


By power source, the market is segmented into electric vehicles, non-electric vehicles, and hybrid.


Based on the application, the market is segmented into commercial and military. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and Rest of the world.


Key Players Covered:


The major companies in the global airport ground support vehicle market report include JBT Corporation (The U.S.), Tug Technologies Corporation (Textron GSE), (The U.S.), Tronair (US), Guangtai (China) Rheinmetall AG (Germany), Cavotec (Switzerland), MULAG Fahrzeugwerk (Germany), ITW GSE (Denmark), Teleflex Lionel-Dupont (France), and Mallaghan (UK) among others.


Key Insights



  • The rise in necessity of airport ground support vehicles & equipment at every airport

  • New development of airport infrastructures to boost demand in future


Regional Analysis:


The airport ground support vehicle market has been segmented into North America, Europe, Asia Pacific, and Rest of the world. North America estimated to be the largest market during the forecast period. The growth in the region is owing to the increasing government investment to modernize and expand existing airports across the country.  Furthermore, the presence of key companies such as JBT Corporation (The U.S.), TUG technology Corporation (The U.S.), and Tronair (The U.S.) in the U.S. projected to boost the market. Asia-Pacific anticipated being the fastest-growing region during the forecast period. This growth is attributed to the increase in growth for air passengers, mainly in domestic and international flights in various countries.


Additionally, growing regional passenger traffic in the South-Asian country, such as China and India, is supporting to grow the airport ground support vehicles market. Europe registers a significant growth during the forecast period owing to the increasing investments from private-firm to develop advanced Airports and smart airports across the region in the future years. In the Rest of the world, the increasing adoption of electric-powered vehicles for ground support operations in the Middle East & Africa is propelling the market growth across the countries.


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Segmentation






















 ATTRIBUTE


  DETAILS

By Power Source




  • Electric Vehicles

  • Non-electric Vehicles

  • Hybrid



By Application




  • Commercial

  • Military & Defence



By Geography




  • North America (The U.S., Canada)

  • Europe (The UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea and Rest of Asia Pacific)

  • Rest of the World (South America, and the Middle East & Africa)


 



Airport Ground Support Vehicles Market Industry Developments



  • In August 2018. JBT Corporation launched airport pushback tugs and tractor with wide product portfolio for LEKTRO tow bar less and electric row vehicle. The company also displayed JBT B950 diesel pushback tractor this is designed and capable for handling large amount of cargo for loading and unloading application

  • In July 2019, Plug Power Inc. and Charlatté America a leading manufacturer of electric ground support equipment and vehicles have successfully delivered fuel cell powered cargo tuggers for FedEx Company at Albany International Airport.v


Airport Ground Support Vehicle  Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020

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