Global
Aircraft Ground Support Equipment Industry
is anticipated to grow at a higher CAGR in the forthcoming period. Aircraft
industry is a complex industry and hence the deployment of support equipment is
also complex. There are different types of support equipment available and are
needed to perform several functions mandatory to maintain an aircraft in top
condition. Support equipment such as tow tractors, spotting dollies, aircraft
tie down chains, aircraft wheel blocks and aircraft tow bars can all be summed
up as aircraft ground support equipment.

Driving factors responsible
for the growth of aircraft ground support equipment market includes stringent
government regulations and development of products. Additional factors such as
vehicular emissions coupled with vehicle energy consumption are likely to
contribute to the growth of aircraft ground support equipment market. Also,
development of innovative products pertaining to aircraft ground support
equipment contributes to the market growth. However, market restraints such as
slowing down of economy coupled with lack of demand for luxury goods and
services is likely to impede the market growth in near future. For instance,
aviation industry is a chief component of GDP in South America with Brazil and
Chile having a fluctuating demand for aviation industry due to economic boom
and bust.
Geographical segmentation for
aircraft ground support equipment industry includes North America, South
America, Europe, Asia-Pacific, Middle-East and Africa. APAC market dominated
owing to tremendous growth in aircraft and airline industries coupled with
growth in airport infrastructures. Factors such as rise in air passenger and
cargo traffic is also likely to contribute to the growth of aircraft ground support
equipment market. North America and Europe market is also expected to witness a
higher CAGR growth in the forthcoming period due to rise in passenger and cargo
traffic and innovative progress in airport infrastructure. The key players in
aircraft ground support equipment market include JBT Corporation, Teleflex
Lionel, DuPont Group, Tug Technologies Corporation, TronairInc, and AMSS GSE.
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