The Asia-Pacific ground support equipment market is set to register a CAGR of 12.17% over the forecast years of 2022 to 2030, reaching a revenue share of $3627.74 million by 2030.

ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET FORECAST 2022-2030

Asia-Pacific Ground Support Equipment Market by Type (Powered Ground Support Equipment, Non-powered Ground Support Equipment) Market by Power Source (Electric, Non-electric, Hybrid) Market by Application (Passenger Service, Commercial Cargo Service, Commercial Aircraft Service, Military Cargo Service, Military Aircraft Service) Market by End-user (Commercial, Defense) by Geography

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The Asia-Pacific ground support equipment market is set to register a CAGR of 12.17% over the forecast years of 2022 to 2030, reaching a revenue share of $3627.74 million by 2030.

The regional market’s growth is credited to the surging investment in airport and terminal expansions, increased disposable income and affordable air travel, as well as rapid population growth. However, the high initial investment for purchasing ground support equipment is likely to restrain the Asia-Pacific ground support equipment market growth.

Asia-Pacific Ground Support Equipment Market

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The Asia-Pacific ground support equipment market growth analysis covers the in-depth assessment of China, South Korea, Indonesia, Australia & New Zealand, Vietnam, India, Thailand, Japan, and Rest of Asia-Pacific. The China ground support equipment market is anticipated to record a growing trend given the increasing number of air passengers. Moreover, government investments to improve aviation infrastructure across China further augments the country’s demand and adoption of ground support equipment.

China is presently the second-largest domestic aviation industry globally, in addition to being the fastest-growing market with a 9.5% passenger traffic year-over-year growth rate. The country is also set to harbor the highest position over the upcoming years, presumably leading civil aircraft sales for the next two decades.

The air transport industry in Japan, including airlines as well as their supply chains, is estimated to support the country’s gross domestic product (GDP), with a share of $72.1 billion. Furthermore, the expenditure of foreign tourists in Japan supports the country’s GDP with an additional $45.5 billion, equating to approximately $118 billion. Overall, 2.4% of Japan’s GDP is strengthened by foreign tourists arriving by air as well as the inputs within the air transport sector. Japanese airlines are also anticipated to expand their regional fleets over the years in order to counter the country’s proliferating tourism. As a result, these factors are expected to propel the Asia-Pacific ground support equipment market growth during the forecast period.

The Asia-Pacific ground support equipment market is segmented into type, power source, application, and end-user. The application category is further classified into passenger service, commercial aircraft service, military, cargo service, commercial cargo service, and military aircraft service. The passenger service segment entails the adoption of passenger service units and equipment in aircraft. These include service vehicles, passenger busses, lift systems, passenger stairs, and boarding bridges, among others, to ensure the safety and comfort of passengers. Airport ground support equipment also comprises a diverse range of vehicles necessitated for servicing aircraft during passenger and cargo unloading and loading, maintenance, and various other ground-based operations.

Likewise, the commercial cargo service segment constitutes the adoption of ground support equipment like cargo loaders, pushback tractors, container loaders, forklift trucks, etc., for loading, unloading, and the transportation of commercial cargo from airport to aircraft, and vice versa.

Prominent companies operating in the Asia-Pacific ground support equipment market are CIMC Tianda Holdings Co Lt, Weihai Guangtai Airport Equipment Co Ltd, Merlinhawk Aerospace, etc.

Weihai Guangtai Airport Equipment Co Ltd, headquartered in China, is a leading ground support equipment manufacturer globally. Its business is classified into firefighting equipment and ground support equipment.

With a presence across more than 60 nations, the company’s ground support equipment offerings include airport runway service, passenger service, aircraft refueller, cargo handling, and others.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Type, Power Source, Application, and End-User.
Countries Analyzed China, Japan, South Korea, Australia & New Zealand, India, Indonesia, Vietnam, and Rest of Asia-Pacific
Companies Analyzed

Weihai Guangtai Airport Equipment Co Ltd, Aero Specialties Inc, Tronair, Air+Mak Industries Inc, Tld-Group, Cavotec SA, Textron Ground Support Equipment Inc, Champion GSE, Rheinmetall AG, Charlatte America, Mulag Fahrzeugwerk, Cimc Tianda Holdings Co Lt, Merlinhawk Aerospace, Cobus Industries GmbH, Mallaghan, Hydro Systems KG, Kalmar Motor AB, ITW GSE Aps, and JBT Aerotech.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • GROWTH IN AIR TRAFFIC
        • RISING CONSTRUCTION OF AIRPORTS & TERMINALS
        • ANTICIPATED GROWTH IN NUMBER OF AIR TRAVELERS
      • KEY RESTRAINTS
        • MAINTENANCE & REPLACEMENT ISSUES
        • HIGH INITIAL INVESTMENT
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON GROUND SUPPORT EQUIPMENT MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • RAW MATERIALS & STANDARD PARTS SUPPLIERS
        • RESEARCH & DEVELOPMENT
        • MANUFACTURING & SUPPORT SERVICES
        • RETAIL & END-USERS
      • KEY BUYING CRITERIA
        • COST
        • NEW OR USED
        • CAPACITY & EFFICIENCY
        • AVAILABILITY OF REPLACEMENT TOOLS
    1. MARKET BY TYPE
      • POWERED GROUND SUPPORT EQUIPMENT
      • NON-POWERED GROUND SUPPORT EQUIPMENT
    2. MARKET BY POWER SOURCE
      • ELECTRIC
      • NON-ELECTRIC
      • HYBRID
    3. MARKET BY APPLICATION
      • PASSENGER SERVICE
        • BULK LOADERS/CONVEYORS
        • CABIN SERVICE VEHICLES
        • BOARDING STAIRS
        • LAVATORY SERVICE VEHICLES
        • PASSENGER BOARDING BRIDGES
        • PASSENGER BUSES
      • COMMERCIAL CARGO SERVICE
        • CARGO/CONTAINER LOADERS
        • PUSHBACK TRACTORS
        • FORKLIFTS
      • COMMERCIAL AIRCRAFT SERVICE
        • DEICERS
        • GROUND POWER UNITS
        • FUEL TRUCKS
        • PRE-CONDITIONED AIR UNITS
        • HYDRANT TRUCKS
      • MILITARY CARGO SERVICE
      • MILITARY AIRCRAFT SERVICE
    4. MARKET BY END-USER
      • COMMERCIAL
      • DEFENSE
    5. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
      • COMPANY PROFILES
        • AERO SPECIALTIES INC
        • AIR+MAK INDUSTRIES INC
        • CAVOTEC SA
        • CHAMPION GSE
        • CHARLATTE AMERICA
        • CIMC TIANDA HOLDINGS CO LT
        • COBUS INDUSTRIES GMBH
        • HYDRO SYSTEMS KG
        • ITW GSE APS
        • JBT AEROTECH
        • KALMAR MOTOR AB
        • MALLAGHAN
        • MERLINHAWK AEROSPACE
        • MULAG FAHRZEUGWERK
        • RHEINMETALL AG
        • TEXTRON GROUND SUPPORT EQUIPMENT INC
        • TLD-GROUP
        • TRONAIR
        • WEIHAI GUANGTAI AIRPORT EQUIPMENT CO LTD

    LIST OF TABLES

    TABLE 1:  MARKET SNAPSHOT – GROUND SUPPORT EQUIPMENT

    TABLE 2:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY PASSENGER SERVICE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY PASSENGER SERVICE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL CARGO SERVICE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL CARGO SERVICE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 12:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL AIRCRAFT SERVICE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 13:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL AIRCRAFT SERVICE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 14:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 15:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 16:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 17:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 18:  LEADING PLAYERS OPERATING IN ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET

    TABLE 19:  LIST OF MERGERS & ACQUISITIONS

    TABLE 20:  LIST OF PRODUCT LAUNCHES & DEVELOPMENTS                        

    LIST OF FIGURES

    FIGURE 1:  KEY MARKET TRENDS

    FIGURE 2:  PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3:  OPPORTUNITY MATRIX

    FIGURE 4:  VENDOR LANDSCAPE

    FIGURE 5:  VALUE CHAIN ANALYSIS

    FIGURE 6:  KEY BUYING CRITERIA

    FIGURE 7:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 8:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY POWERED GROUND SUPPORT EQUIPMENT, 2022-2030 (IN $ MILLION)

    FIGURE 9:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY NON-POWERED GROUND SUPPORT EQUIPMENT, 2022-2030 (IN $ MILLION)

    FIGURE 10:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, GROWTH POTENTIAL, BY POWER SOURCE, IN 2021

    FIGURE 11:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY ELECTRIC, 2022-2030 (IN $ MILLION)

    FIGURE 12:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY NON-ELECTRIC, 2022-2030 (IN $ MILLION)

    FIGURE 13:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY HYBRID, 2022-2030 (IN $ MILLION)

    FIGURE 14:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 15:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY PASSENGER SERVICE, 2022-2030 (IN $ MILLION)

    FIGURE 16:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, GROWTH POTENTIAL, BY PASSENGER SERVICE, IN 2021

    FIGURE 17:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY BULK LOADERS/CONVEYORS, 2022-2030 (IN $ MILLION)

    FIGURE 18:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY CABIN SERVICE VEHICLES, 2022-2030 (IN $ MILLION)

    FIGURE 19:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY BOARDING STAIRS, 2022-2030 (IN $ MILLION)

    FIGURE 20:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY LAVATORY SERVICE VEHICLES, 2022-2030 (IN $ MILLION)

    FIGURE 21:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY PASSENGER BOARDING BRIDGES, 2022-2030 (IN $ MILLION)

    FIGURE 22:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY PASSENGER BUSES, 2022-2030 (IN $ MILLION)

    FIGURE 23:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL CARGO SERVICE, 2022-2030 (IN $ MILLION)

    FIGURE 24:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, GROWTH POTENTIAL, BY COMMERCIAL CARGO SERVICE, IN 2021

    FIGURE 25:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY CARGO/CONTAINER LOADERS, 2022-2030 (IN $ MILLION)

    FIGURE 26:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY PUSHBACK TRACTORS, 2022-2030 (IN $ MILLION)

    FIGURE 27:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY FORKLIFTS, 2022-2030 (IN $ MILLION)

    FIGURE 28:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL AIRCRAFT SERVICE, 2022-2030 (IN $ MILLION)

    FIGURE 29:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, GROWTH POTENTIAL, BY COMMERCIAL AIRCRAFT SERVICE, IN 2021

    FIGURE 30:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY DEICERS, 2022-2030 (IN $ MILLION)

    FIGURE 31:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY GROUND POWER UNITS, 2022-2030 (IN $ MILLION)

    FIGURE 32:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY FUEL TRUCKS, 2022-2030 (IN $ MILLION)

    FIGURE 33:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY PRE-CONDITIONED AIR UNITS, 2022-2030 (IN $ MILLION)

    FIGURE 34:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY HYDRANT TRUCKS, 2022-2030 (IN $ MILLION)

    FIGURE 35:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY MILITARY CARGO SERVICE, 2022-2030 (IN $ MILLION)

    FIGURE 36:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY MILITARY AIRCRAFT SERVICE, 2022-2030 (IN $ MILLION)

    FIGURE 37:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 38:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL, 2022-2030 (IN $ MILLION)

    FIGURE 39:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, BY DEFENSE, 2022-2030 (IN $ MILLION)

    FIGURE 40:  ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 41:  CHINA GROUND SUPPORT EQUIPMENT MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 42:  JAPAN GROUND SUPPORT EQUIPMENT MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 43:  INDIA GROUND SUPPORT EQUIPMENT MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 44:  SOUTH KOREA GROUND SUPPORT EQUIPMENT MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 45:  INDONESIA GROUND SUPPORT EQUIPMENT MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 46:  THAILAND GROUND SUPPORT EQUIPMENT MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 47:  VIETNAM GROUND SUPPORT EQUIPMENT MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 48:  AUSTRALIA & NEW ZEALAND GROUND SUPPORT EQUIPMENT MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 49:  REST OF ASIA-PACIFIC GROUND SUPPORT EQUIPMENT MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY TYPE
      • POWERED GROUND SUPPORT EQUIPMENT
      • NON-POWERED GROUND SUPPORT EQUIPMENT
    2. MARKET BY POWER SOURCE
      • ELECTRIC
      • NON-ELECTRIC
      • HYBRID
    3. MARKET BY APPLICATION
      • PASSENGER SERVICE
        • BULK LOADERS/CONVEYORS
        • CABIN SERVICE VEHICLES
        • BOARDING STAIRS
        • LAVATORY SERVICE VEHICLES
        • PASSENGER BOARDING BRIDGES
        • PASSENGER BUSES
      • COMMERCIAL CARGO SERVICE
        • CARGO/CONTAINER LOADERS
        • PUSHBACK TRACTORS
        • FORKLIFTS
      • COMMERCIAL AIRCRAFT SERVICE
        • DEICERS
        • GROUND POWER UNITS
        • FUEL TRUCKS
        • PRE-CONDITIONED AIR UNITS
        • HYDRANT TRUCKS
      • MILITARY CARGO SERVICE
      • MILITARY AIRCRAFT SERVICE
    4. MARKET BY END-USER
      • COMMERCIAL
      • DEFENSE

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