Asia-pacific Ground Support Equipment Market Forecast 2022-2030
Description
Asia-pacific Ground Support Equipment Market Forecast 2022-2030
KEY FINDINGS
The Asia-Pacific ground support equipment market is predicted to progress with a CAGR of 12.17% over the forecasting years, 2022 to 2030. The market growth of the region is fueled by the surging investment in airport and terminal expansions, population growth, increased disposable income, and affordable air travel.
MARKET INSIGHTS
The Asia-Pacific ground support equipment market growth evaluation comprises the assessment of China, South Korea, Indonesia, Australia & New Zealand, Vietnam, India, Thailand, Japan, and Rest of Asia-Pacific. India’s civil aviation industry has emerged as one of the fastest-growing markets across the country over recent years. India has also become the third-largest domestic aviation market worldwide, projected to overtake the United Kingdom and become the third largest air passenger market by 2024.
Although the country’s passenger traffic accounted for 115.37 million in FY21, international and domestic passenger traffic depreciated at a CAGR of -28.64% and -9.02%, respectively, from FY16 to FY21. The decline was primarily attributed to COVID-19-related restrictions on flights in FY21.
Conversely, in South Korea, the Incheon International Airport Corp (IIAC)’s planned $5.4 billion investment from 2022 to 2025 in preemptive preparedness for post-COVID air traffic demand is likely to remain intact. This is regardless of debt surge as well as reduced revenue from ongoing standstill in terms of passenger travel. Hence, these factors are set to reinforce the ground support equipment market growth in the Asia-Pacific.
COMPETITIVE INSIGHTS
Key players operating in the market are CIMC Tianda Holdings Co Lt, Weihai Guangtai Airport Equipment Co Ltd, Merlinhawk Aerospace, etc.
Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
KEY FINDINGS
The Asia-Pacific ground support equipment market is predicted to progress with a CAGR of 12.17% over the forecasting years, 2022 to 2030. The market growth of the region is fueled by the surging investment in airport and terminal expansions, population growth, increased disposable income, and affordable air travel.
MARKET INSIGHTS
The Asia-Pacific ground support equipment market growth evaluation comprises the assessment of China, South Korea, Indonesia, Australia & New Zealand, Vietnam, India, Thailand, Japan, and Rest of Asia-Pacific. India’s civil aviation industry has emerged as one of the fastest-growing markets across the country over recent years. India has also become the third-largest domestic aviation market worldwide, projected to overtake the United Kingdom and become the third largest air passenger market by 2024.
Although the country’s passenger traffic accounted for 115.37 million in FY21, international and domestic passenger traffic depreciated at a CAGR of -28.64% and -9.02%, respectively, from FY16 to FY21. The decline was primarily attributed to COVID-19-related restrictions on flights in FY21.
Conversely, in South Korea, the Incheon International Airport Corp (IIAC)’s planned $5.4 billion investment from 2022 to 2025 in preemptive preparedness for post-COVID air traffic demand is likely to remain intact. This is regardless of debt surge as well as reduced revenue from ongoing standstill in terms of passenger travel. Hence, these factors are set to reinforce the ground support equipment market growth in the Asia-Pacific.
COMPETITIVE INSIGHTS
Key players operating in the market are CIMC Tianda Holdings Co Lt, Weihai Guangtai Airport Equipment Co Ltd, Merlinhawk Aerospace, etc.
Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
165 Pages
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Growth In Air Traffic
- 3.1.2. Rising Construction Of Airports & Terminals
- 3.1.3. Anticipated Growth In Number Of Air Travelers
- 3.2. Key Restraints
- 3.2.1. Maintenance & Replacement Issues
- 3.2.2. High Initial Investment
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Ground Support Equipment Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.6.1. Raw Materials & Standard Parts Suppliers
- 4.6.2. Research & Development
- 4.6.3. Manufacturing & Support Services
- 4.6.4. Retail & End-users
- 4.7. Key Buying Criteria
- 4.7.1. Cost
- 4.7.2. New Or Used
- 4.7.3. Capacity & Efficiency
- 4.7.4. Availability Of Replacement Tools
- 5. Market By Type
- 5.1. Powered Ground Support Equipment
- 5.2. Non-powered Ground Support Equipment
- 6. Market By Power Source
- 6.1. Electric
- 6.2. Non-electric
- 6.3. Hybrid
- 7. Market By Application
- 7.1. Passenger Service
- 7.1.1. Bulk Loaders/Conveyors
- 7.1.2. Cabin Service Vehicles
- 7.1.3. Boarding Stairs
- 7.1.4. Lavatory Service Vehicles
- 7.1.5. Passenger Boarding Bridges
- 7.1.6. Passenger Buses
- 7.2. Commercial Cargo Service
- 7.2.1. Cargo/Container Loaders
- 7.2.2. Pushback Tractors
- 7.2.3. Forklifts
- 7.3. Commercial Aircraft Service
- 7.3.1. Deicers
- 7.3.2. Ground Power Units
- 7.3.3. Fuel Trucks
- 7.3.4. Pre-conditioned Air Units
- 7.3.5. Hydrant Trucks
- 7.4. Military Cargo Service
- 7.5. Military Aircraft Service
- 8. Market By End-user
- 8.1. Commercial
- 8.2. Defense
- 9. Geographical Analysis
- 9.1. Asia-pacific
- 9.1.1. Market Size & Estimates
- 9.1.2. Key Growth Enablers
- 9.1.3. Key Challenges
- 9.1.4. Key Players
- 9.1.5. Country Analysis
- 9.1.5.1. China
- 9.1.5.2. Japan
- 9.1.5.3. India
- 9.1.5.4. South Korea
- 9.1.5.5. Indonesia
- 9.1.5.6. Thailand
- 9.1.5.7. Vietnam
- 9.1.5.8. Australia & New Zealand
- 9.1.5.9. Rest Of Asia-pacific
- 10. Competitive Landscape
- 10.1. Key Strategic Developments
- 10.1.1. Mergers & Acquisitions
- 10.1.2. Product Launches & Developments
- 10.2. Company Profiles
- 10.2.1. Aero Specialties Inc
- 10.2.2. Air+Mak Industries Inc
- 10.2.3. Cavotec Sa
- 10.2.4. Champion Gse
- 10.2.5. Charlatte America
- 10.2.6. Cimc Tianda Holdings Co Lt
- 10.2.7. Cobus Industries Gmbh
- 10.2.8. Hydro Systems Kg
- 10.2.9. Itw Gse Aps
- 10.2.10. Jbt Aerotech
- 10.2.11. Kalmar Motor Ab
- 10.2.12. Mallaghan
- 10.2.13. Merlinhawk Aerospace
- 10.2.14. Mulag Fahrzeugwerk
- 10.2.15. Rheinmetall Ag
- 10.2.16. Textron Ground Support Equipment Inc
- 10.2.17. Tld-group
- 10.2.18. Tronair
- 10.2.19. Weihai Guangtai Airport Equipment Co Ltd
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