Top Companies in Ground Support Equipment Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Ground Support Equipment Market is projected to reach a value of USD 5.9 Billion by 2028 at a CAGR of 7.70% over the forecast period.
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The Global Ground Support Equipment Market is valued at USD 3.8 Billion in 2021 and is projected to reach a value of USD 5.9 Billion by 2028 at a CAGR of 7.70% over the forecast period. Additionally, the industry is strongly impacted by costly initial expenditures, a shift in focus toward adopting greener GSE, outsourcing maintenance, repair, and overhaul (MRO) to a third party, and an increase in the usage of wireless technologies.
High service standards, increased airport focus on improving operational efficiency, increased air cargo, and leasing of ground support equipment are all driving forces in the ground support equipment market.
With the help of cutting-edge technology and solutions, players can actively use their equipment to cut turnaround times and boost efficiency drastically. The strict regulatory standards also allow business actors to make major investments in more effective and environmentally friendly aviation ground support equipment (AGSE) technology. Additionally, airport authorities worldwide are concentrating on replacing outdated equipment with a modernized and effective fleet to enhance their business operations.
The Global Ground Support Equipment market is dominated by well-known players like Aero Specialties Inc., Aeroservices Ltd., Cavotec SA, Curtis Instruments Inc., ITW GSE, Jalux Inc., John Bean Technologies Corporation, Mallaghan, Rheinmetall Aktiengesellschaft, Textron Ground Support Equipment Inc. (Textron Inc.), TLD Group (Alvest Group) and Weihai Guangtai Airport Equipment Co. Ltd. among others.
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Let’s Take a Look at the Top Market Players that are Captivating the Ground Support Equipment Market
Players in the ground support equipment market consistently spend money on research and development to include cutting-edge telematics and management solutions.
- Aero Specialties Inc.:
This Company manufactures and distributes ground support equipment for airports and aircraft. The company provides passenger access, towbar and head equipment, baggage and freight handling, air start, and other associated services. Aero Specialties serve customers in the United States.
- Aeroservices Ltd.:
In 1993, Aeroservices S.A. was established. The company's activity involves the wholesale distribution of materials and equipment for the transportation industry.
- Cavotec SA:
Cavotec SA develops and produces products for mobile power supply. The company provides power transmission, distribution, and control systems that connect stationary installations, such as those in ports, mines, and airports, with mobile equipment like cranes, ships, mining machinery, and aircraft.
- Curtis Instruments Inc.:
Curtis Instruments, Inc. develops, produces, and distributes integrated instruments, controls, and systems for conventional and electric vehicles. The company supplies steering, lift motor speed controllers for AC induction, vehicle management systems, traction systems, and instrumentation components for automakers. Globally, Curtis Instruments is active.
- Jalux Inc.:
JALUX Inc. sells goods associated with aviation. Products offered by the company include liquors, in-flight purchases, cabin service supplies, airplanes, and their parts and fuel. Additionally, Jalux runs the BLUE SKY airport shops.
- John Bean Technologies Corporation:
This Company offers technological solutions. Through its FoodTech division and AeroTech section, the company develops, produces, tests, and provides services for systems and products for local and international air transportation customers as well as customers engaged in industrial food processing around the world.
- Rheinmetall Aktiengesellschaft:
Rheinmetall AG is interested in engineering, electronics, defense, and automobiles. The company makes metal engine blocks, bearings for engines and other uses, pistons for gasoline and diesel vehicles and stationary machines, and components to supply air, control emissions, and fuel. It also provides aftermarket support to engine repair shops.
- Textron Ground Support Equipment Inc. (Textron Inc.):
Textron Inc. is a multi-industry business that produces industrial goods, aircraft, and financial services. The company sells automobiles, weapons, helicopters, and planes. Textron's finance branch provides structured funding and asset-based lending for the aviation, distribution, golf, and resort industries.
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