Future Aircraft Ground Support & Hangar Equipment Market: Key Dynamics, Size & Share Analysis
The Global Aircraft Ground Support & Hangar Equipment Market is anticipated to grow at a CAGR of around 4.6% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the flourishing aviation industry, backed by the rapidly rising number of air passengers worldwide and, subsequently, the increasing aircraft fleet. With the increasing number of aircraft, the need to ensure their safety & storage is also rising, i.e., leading to the burgeoning production of GSE (ground support equipment) & hangars.
Top Market Driver Impacting the Aircraft Ground Support & Hangar Equipment Market Growth
Ever-Increasing Airport Expansion Activities Worldwide – With the rapid downpour of air passengers worldwide and the urge to connect tourist destinations, there are ever-increasing construction activities associated with new airports & expansions across different regions. In view of this, airlines are also expanding their fleets, adding new routes, & operating more flights. Consequently, it is instigating the demand for new GSE & hangars to sustain the aircraft fleet for maintenance, repair, & overhaul (MRO) purposes and driving the Global Aircraft Ground Support & Hangar Equipment Market.
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Understanding the Core Segments in the Aircraft Ground Support & Hangar Equipment Market
Aircraft Ground Support & Hangar Equipment Market Size, Share & Industry Trends Analysis- By Equipment Type (Ground Support [Tugs/Tractors, Pushback Tractors, Passenger Boarding Lifts & Steps, Belt Loader, Others], Hangar Equipment [Aircraft Maintenance Access Stand, Aircraft Multi-Purpose Platform Stand, Tripod-Jacks, Axle-Jacks, Axle-Jack Hose pressure kit, Others]), By Power Usage (Electric, Non-Electric, Hybrid, Fuel Cell Vehicle & Advanced GSE), By Aircraft Type (Commercial, Military).
Geographical Analysis of the Aircraft Ground Support & Hangar Equipment Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific.
North America holds a sizable share of the Aircraft Ground Support & Hangar Equipment Market, and the same trend is likely during 2023-28.
Who Dominates the Aircraft Ground Support & Hangar Equipment Market Insights on Key Industry Players?
Companies are strengthening their presence in the Aircraft Ground Support & Hangar Equipment market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- JBT AeroTech
- All Metal Maintenance Stands
- Tronair
- Semmco Limited
- Wilcox Bodies Ltd.
- TLD Group
- Textron GSE
- Safe Structure Designs, LLC
- Fast Global Solutions
- Mallaghan
- MULAG
- Global Ground Support
- Toyota Industries Corp
- DOLL
- Guangtai Airports Equipment
- Shenzhen TECHKING
- Sagar Asia
- AERO Specialties, Inc.
- CTI Systems S.à r.l.
- SafeSmart Aviation.
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