Ground Support Equipment Market

New Product Launches, Partnerships & Agreements, and Research & Development (R&D) Activities to Further Expand their Presence in the Ground Support Equipment Market.

The ground support equipment market is projected to grow from USD 7.5 billion in 2019 to USD 9.7 billion by 2025, at a CAGR of 4.45% from 2019 to 2025. Some of the factors that are expected to fuel the growth of the ground support equipment market are rising demand for electric ground support equipment, increasing warehouse operations at airports, and ongoing expansions of airports to cater to the rising global air passenger traffic.

JBT Corporation (US), Teleflex Lionel-Dupont (TLD) (France), Mallaghan (UK), Tug Technologies Corporation (Textron GSE) (US), Tronair (US), MULAG Fahrzeugwerk (Germany), Guangtai (China), Rheinmetall AG (Germany), ITW GSE (Denmark), and Cavotec (Switzerland) are the leading players operating in the ground support equipment market. These players have adopted various growth strategies such as contracts, acquisitions, expansions, new product launches, partnerships & agreements, and research & development (R&D) activities to further expand their presence in the ground support equipment market.

To know about the assumptions considered for the study download the pdf brochure

JBT Corporation was ranked first in the ground support equipment market in 2018. It is one of the largest manufacturers of ground support equipment across the globe. The company has a strong global distribution and service network. It has been receiving numerous contracts from major international airports. In January 2019, JBT Corporation signed an agreement to acquire LEKTRO, Inc. (LEKTRO), an electric aviation ground support equipment manufacturer, with the transaction expected to close in the first quarter of 2019.

Teleflex Lionel-Dupont (TLD) was ranked second in the ground support equipment market in 2018. The company focuses on the development of cost-optimized electric ground support equipment and green technologies. In 2018, TLD developed a new Regional Belt Loader (RBL) for regional/narrow-body aircraft up to A320 series and B737. This RBL is a self-propelled unit, which offers enhanced features and additional versatility to the currently available towable and walk behind belt loader models.

Tug Technologies Corporation (Textron GSE) was ranked third in the ground support equipment market in 2018. It is one of the leading manufacturers and distributors of ground support equipment. The company has a strong distribution network with its distributors present in the Middle East, Southeast Asia, Europe, Africa, and North America. In 2018, Textron Ground Support Equipment (Tug Technologies) launched a new TUG ALPHA 4, the first pushback in the new ALPHA series of conventional pushbacks. The TUG ALPHA 4 is ideal for moving aircraft up to the Airbus A340 and Boeing 747, with a maximum gross vehicle weight of 120,000 pounds (60 tons) and a maximum drawbar pull of 72,000 pounds (36 tons).

Related Reports:

Ground Support Equipment Market by Type (Mobile Gse, Fixed Gse) , Power Source (Non-Electric, Electric, Hybrid), Application (Commercial, Military), Component (New, Replacement, Maintenance), Region–Global Forecast to 2025

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
AS 2254
RI Published ON
3/28/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Ground Support Equipment Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved