Aircraft Ground Support & Hangar Equipment Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Aircraft Ground Support & Hangar Equipment Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Aircraft Ground Support & Hangar Equipment market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.

Aircraft Ground Support & Hangar Equipment Reports Highlights

What is the size of the Aircraft Ground Support & Hangar Equipment Market?

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.

Moreover, with substantial funding from government authorities, the Aircraft Support Industries (ASI) is likely to enthrall in the coming years. Europe, Asia-Pacific, the Middle East & Africa are witnessing the rapidly increasing number of air passengers, i.e., creating the need for new airports and, consequently GSE & hangars. Airport authorities in countries like India, Vietnam, China, etc., are strengthening their air passenger handling capacities by expanding runways, developing new airports, enhancing aircraft fleet sizes, etc., thereby pushing further production of hangars & other equipment.

What do the growth prospects and trends look like in the Aircraft Ground Support & Hangar Equipment Industry?

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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What Components are encompassed within Aircraft Ground Support & Hangar Equipment Market segmentation?

The report has divided the market into the following segments:

By Equipment Type

-Ground Support

--Tugs & Tractors

--Pushback Tractors

--Passenger Boarding Lifts & Steps

--Belt Loader

--High-Lift Loader

--De-Anti Icing Vehicle

--Water Services Vehicle

--Lavatory Services Vehicle

--Others (Baggage Cart, etc.)

-Hangar Equipment

--Aircraft Maintenance Access Stand

--Aircraft Multi-Purpose Platform Stand

--Tripod-Jacks

--Axle-Jacks

--Axle-Jack Hose pressure kit

--Tow-bars

--Helicopter Blade Rack

--Aviation Chock Trolley

--Fuselage Wash Stand

--Aircraft Wheel and Brake Change Trailer

--Hydraulic Ground Power Units

--Aircraft Wheel & Tyre Handling

--Fuselage Shelter

--Mobile Elevated Work Platform (MEWP) Shelter

--Engine Dolly / Engine Cradle)

--Others (WIFI Antenna Shelter, Custom Door Racks, Cowling Parts Rack, etc.)

By Power Usage

-Electric

-Non-Electric

-Hybrid

-Fuel Cell Vehicle & Advanced GSE

By Aircraft Type

-Commercial Aircraft

-Military Aircraft

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia Pacific.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-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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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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