Global Aircraft Ground Support Equipments Market to reach USD 1.67 billion by 2024, Alvest Group Co., DOLL Fahrzeugbau GmbH, and FAYAT SAS Emerge as Key Contributors to growth | Technavio

Technavio has been monitoring the global aircraft ground support equipments market and it is poised to grow by USD 1.67 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions-

• What are the major trends in the market?
• Rising preference for smart airports is one of the major trends in the market.

• At what rate is the market projected to grow?
• Growing at a CAGR of over 4%, the incremental growth of the market is anticipated to be USD 1.67 billion.

• Who are the top players in the market?
• Alvest Group Co., DOLL Fahrzeugbau GmbH, FAYAT SAS, Guangtai, HYDRO Systems KG, ITW GSE ApS, John Bean Technologies Corp., Mallaghan, Textron Ground Support Equipment Inc., and Tronair Inc are some of the major market participants.

• What are the key market drivers and challenges?
• Rise in construction of airports is one of the major factors driving the market. However, the high initial and replacement cost of ground support equipment restraints the market growth.

• How big is the APAC market?
• The APAC region will contribute 31% of market growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alvest Group Co., DOLL Fahrzeugbau GmbH, FAYAT SAS, Guangtai, HYDRO Systems KG, ITW GSE ApS, John Bean Technologies Corp., Mallaghan, Textron Ground Support equipments Inc., and Tronair Inc. are some of the major market participants. The rise in construction of airports will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Aircraft Ground Support Equipments Market 2020-2024: Segmentation

Aircraft Ground Support Equipments Market is segmented as below:

• Application
  • Passenger Aircraft
  • Cargo Aircraft
  • Military Aircraft
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Aircraft Ground Support Equipments Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The aircraft ground support equipments market report covers the following areas:

• Aircraft Ground Support Equipments Market Size
• Aircraft Ground Support Equipments Market Trends
• Aircraft Ground Support Equipments Market Analysis

This study identifies rising preference for smart airports as one of the prime reasons driving the aircraft ground support equipments market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Aircraft Ground Support Equipments Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist aircraft ground support equipments market growth during the next five years
• Estimation of the aircraft ground support equipments market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the aircraft ground support equipments market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of aircraft ground support equipments market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application placement
• Passenger aircraft - Market size and forecast 2019-2024
• Cargo aircraft - Market size and forecast 2019-2024
• Military aircraft - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Alvest Group Co.
• DOLL Fahrzeugbau GmbH
• FAYAT SAS
• Guangtai
• HYDRO Systems KG
• ITW GSE ApS
• John Bean Technologies Corp.
• Mallaghan
• Textron Ground Support equipments Inc.
• Tronair Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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