Market by Type, Power Source, Application, End-user, and Country Outlook | Forecast 2022-2028
As per Triton’s research report, Latin America’s ground support equipment market is estimated to grow with a CAGR of 10.79% over the forecasting period between 2022 and 2028.
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The
countries analyzed in this region include:
•
Brazil
•
Mexico
•
Rest of Latin America
In
Latin America, Brazil accounts for the largest share in the ground support
equipment market. In Latin America, commercial
air transport of passengers and cargo has undergone enormous changes in recent
decades, due to factors like exponential passenger growth, rise in low-cost air
travel services, and the increasing requirements demanding safety &
environment. For Latin America, the airport sector is key to international
integration as well as competitiveness, since enhanced air connectivity
minimizes the costs for passengers and boosts businesses & trade in
general, while also promoting tourism & foreign direct investments.
Argentina is a prominent country in the region, with more
than 100 international, domestic, and small airports. It covers a large area, which
makes air travel a convenient option for people visiting this enormous country.
The aviation industry here thus has a vast scope for growth. The government is
working towards improving the airport infrastructure all across the country. In
2020, the Argentine government announced its plans to invest $1.4 billion over the
next four years to develop airports. This is expected to support the demand for
GSE, and, in turn, the overall market’s growth.
In Colombia, the air transport market has grown significantly
over the last decade. The number of origin to destination passengers moving to and
from the country has increased substantially over this period. In September
2021, Colombian authorities announced their plans for constructing and modernizing
three airports, as part of its larger infrastructure development plan.
Military aircraft
service involves the adoption of GSE in different kinds of military aircraft.
These include the ones designed for combat and non-combat. Ground support
equipment like airfield power supply solutions, ground power units, loading &
transporting equipment, conveyors, converters, pushback tractors, hydrant
trucks, fuel trucks, etc., are majorly used in military aircraft services to
support various types of operations.
Increasing military expenditure across the globe, increasing focus for the development of new military aircraft, government partnerships and contracts for military aircraft, etc., are some major factors that are expected to contribute towards the growth of the global military aircraft service market during the forecast period. The studied report assesses the market’s growth according to power source, type, end-user, and application. Here, the application segment comprises military aircraft service, passenger service, commercial cargo service, military cargo service, and commercial aircraft service.
Leading
companies considered in the ground support equipment market include ITW
GSE, Merlinhawk Aerospace, Champion GSE, JBT Aerotech, TLD Group, Charlatte
America, Textron Ground Support Equipment Inc, Mallaghan, and Cavotec SA.
ITW GSE is a division
of ITW – Illinois Tool Works, which is an American Fortune 200 company producing
engineered equipment & consumable systems, fasteners & components, and specialty
products. ITW GSE enjoys a leading position in the market globally, with
respect to manufacturing ground power units and pre-conditioned air units. The
company also supplies aircraft cables and PCA hoses. Although the company was established
in 1912, it is only since 2018, that the company has been selling its products
under the brand name ITW GSE. The name was the result of a merger among legacy
brands such as Hobart, AXA Power, Houchin, ITW GSE Military, and J&B
Aviation. The company has a wide geographic presence, with operations in around
100 countries.
Key deliverables of the report:
·
Market
CAGR during the forecasting years 2022-2028
·
Detailed
data highlighting key insights, industry components, and market strategies
·
Comprehensive
information and estimation of the ground support equipment market revenue
growth in Latin America and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces
· A
wide-ranging study of factors that will challenge the LA ground support
equipment market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA GROUND SUPPORT EQUIPMENT MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE GROUND SUPPORT EQUIPMENT INDUSTRY
2.2. EVOLUTION
& TRANSITION OF GROUND SUPPORT EQUIPMENT
2.3. KEY
INSIGHTS
2.3.1. INCREASED
TREND IN THE USE OF AUTOMATED GROUND SUPPORT EQUIPMENT
2.3.2. GROWING
FOCUS ON THE ADOPTION OF ENVIRONMENT-FRIENDLY GSE SOLUTIONS
2.3.3. E-COMMERCE
PUSHING THE DEMAND FOR THE EXPANSION OF AIRPORT OPERATIONS
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTE
2.4.3. BARGAINING
POWER OF BUYERS
2.4.4. BARGAINING
POWER OF SUPPLIERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. KEY
IMPACT ANALYSIS
2.5.1. COST
2.5.2. NEW OR
USED
2.5.3. CAPACITY
& EFFICIENCY
2.5.4. AVAILABILITY
OF REPLACEMENT TOOLS
2.6. MARKET
ATTRACTIVENESS INDEX
2.7. VENDOR
SCORECARD
2.8. INDUSTRY
COMPONENTS
2.8.1. RAW
MATERIALS & STANDARD PARTS SUPPLIERS
2.8.2. RESEARCH
& DEVELOPMENT
2.8.3. MANUFACTURING
& SUPPORT SERVICES
2.8.4. RETAIL
& END-USERS
2.9. KEY
MARKET STRATEGIES
2.9.1. MERGERS
& ACQUISITIONS
2.9.2. PRODUCT
LAUNCHES, CONTRACTS, & DEVELOPMENTS
2.10. MARKET
DRIVERS
2.10.1. INCREASE
IN THE NUMBER OF AIRPORTS & TERMINALS BEING CONSTRUCTED
2.10.2. RISE
IN AIR TRAFFIC & GLOBALIZATION TRENDS
2.10.3. GROWTH
IN THE SPENDING ON AIRPORT INFRASTRUCTURE
2.10.4. EXPECTED
RISE IN THE NUMBER OF AIR TRAVELLERS
2.11. MARKET
CHALLENGES
2.11.1. HIGH
INITIAL INVESTMENT REQUIRED
2.11.2. DIFFICULTIES
IN MAINTENANCE & REPLACEMENT OF GSE
2.12. MARKET
OPPORTUNITIES
2.12.1. TECHNOLOGICAL
ADVANCEMENT IN GROUND SUPPORT EQUIPMENT
2.12.2. INTEGRATION
OF WIRELESS TECHNOLOGIES IN GSE
3. LATIN
AMERICA GROUND SUPPORT EQUIPMENT MARKET – BY TYPE
3.1. POWERED
GROUND SUPPORT EQUIPMENT
3.2. NON-POWERED
GROUND SUPPORT EQUIPMENT
4. LATIN
AMERICA GROUND SUPPORT EQUIPMENT MARKET – BY POWER SOURCE
4.1. ELECTRIC
4.2. NON-ELECTRIC
4.3. HYBRID
5. LATIN
AMERICA GROUND SUPPORT EQUIPMENT MARKET – BY APPLICATION
5.1. PASSENGER
SERVICE
5.1.1. BULK
LOADERS/CONVEYORS
5.1.2. CABIN
SERVICE VEHICLES
5.1.3. BOARDING
STAIRS
5.1.4. LAVATORY
SERVICE VEHICLES
5.1.5. PASSENGER
BOARDING BRIDGES
5.1.6. PASSENGER
BUSES
5.2. COMMERCIAL
CARGO SERVICE
5.2.1. CARGO/CONTAINER
LOADERS
5.2.2. PUSHBACK
TRACTORS
5.2.3. FORKLIFTS
5.3. COMMERCIAL
AIRCRAFT SERVICE
5.3.1. DEICERS
5.3.2. GROUND
POWER UNITS
5.3.3. FUEL
TRUCKS
5.3.4. PRE-CONDITIONED
AIR UNITS
5.3.5. HYDRANT
TRUCKS
5.4. MILITARY
CARGO SERVICE
5.5. MILITARY
AIRCRAFT SERVICE
6. LATIN
AMERICA GROUND SUPPORT EQUIPMENT MARKET – BY END-USER
6.1. COMMERCIAL
6.2. DEFENSE
7. LATIN
AMERICA GROUND SUPPORT EQUIPMENT MARKET – REGIONAL OUTLOOK
7.1. BRAZIL
7.2. MEXICO
7.3. REST
OF LATIN AMERICA
8. COMPETITIVE
LANDSCAPE
8.1. WEIHAI
GUANGTAI AIRPORT EQUIPMENT CO LTD
8.2. JBT
AEROTECH
8.3. COBUS
INDUSTRIES GMBH
8.4. CIMC
TIANDA HOLDINGS CO LTD
8.5. CAVOTEC
SA
8.6. TRONAIR
8.7. MULAG
FAHRZEUGWERK
8.8. RHEINMETALL
AG
8.9. MALLAGHAN
8.10. KALMAR
MOTOR AB
8.11. CHARLATTE
AMERICA
8.12. HYDRO
SYSTEMS KG
8.13. ITW
GSE APS
8.14. TEXTRON
GROUND SUPPORT EQUIPMENT INC
8.15. CHAMPION
GSE
8.16. TLD
GROUP
8.17. MERLINHAWK
AEROSPACE
8.18. AERO
SPECIALTIES INC
8.19. AIR
MAK INDUSTRIES INC
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE
1: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028
(IN $ MILLION)
TABLE
2: EVOLUTION & TRANSITION OF GROUND SUPPORT EQUIPMENT
TABLE
3: VENDOR SCORECARD
TABLE
4: LIST OF MERGERS & ACQUISITIONS
TABLE
5: LIST OF PRODUCT LAUNCHES, CONTRACTS, & DEVELOPMENTS
TABLE
6: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2022-2028 (IN $
MILLION)
TABLE
7: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2022-2028
(IN $ MILLION)
TABLE
8: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY APPLICATION, 2022-2028 (IN
$ MILLION)
TABLE
9: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY PASSENGER SERVICE,
2022-2028 (IN $ MILLION)
TABLE
10: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL CARGO SERVICE,
2022-2028 (IN $ MILLION)
TABLE
11: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL AIRCRAFT
SERVICE, 2022-2028 (IN $ MILLION)
TABLE
12: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $
MILLION)
TABLE
13: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY COUNTRY OUTLOOK,
2022-2028 (IN $ MILLION)
FIGURE
1: KEY BUYING IMPACT ANALYSIS
FIGURE
2: MARKET ATTRACTIVENESS INDEX
FIGURE
3: INDUSTRY COMPONENTS
FIGURE
4: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2021 & 2028 (IN
%)
FIGURE
5: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY POWERED GROUND SUPPORT
EQUIPMENT, 2022-2028 (IN $ MILLION)
FIGURE
6: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY NON-POWERED GROUND SUPPORT
EQUIPMENT, 2022-2028 (IN $ MILLION)
FIGURE
7: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2021 &
2028 (IN %)
FIGURE
8: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY ELECTRIC, 2022-2028 (IN $
MILLION)
FIGURE
9: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY NON-ELECTRIC, 2022-2028
(IN $ MILLION)
FIGURE
10: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY HYBRID, 2022-2028 (IN $
MILLION)
FIGURE
11: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY APPLICATION, 2021 &
2028 (IN %)
FIGURE
12: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY PASSENGER SERVICE,
2022-2028 (IN $ MILLION)
FIGURE
13: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY PASSENGER SERVICE, 2021
& 2028 (IN %)
FIGURE
14: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY BULK LOADERS/CONVEYORS,
2022-2028 (IN $ MILLION)
FIGURE
15: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY CABIN SERVICE VEHICLES,
2022-2028 (IN $ MILLION)
FIGURE
16: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY BOARDING STAIRS,
2022-2028 (IN $ MILLION)
FIGURE
17: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY LAVATORY SERVICE
VEHICLES, 2022-2028 (IN $ MILLION)
FIGURE
18: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY PASSENGER BOARDING
BRIDGES, 2022-2028 (IN $ MILLION)
FIGURE
19: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY PASSENGER BUSES,
2022-2028 (IN $ MILLION)
FIGURE
20: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL CARGO SERVICE,
2022-2028 (IN $ MILLION)
FIGURE
21: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL CARGO SERVICE,
2021 & 2028 (IN %)
FIGURE
22: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY CARGO/CONTAINER LOADERS,
2022-2028 (IN $ MILLION)
FIGURE
23: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY PUSHBACK TRACTORS,
2022-2028 (IN $ MILLION)
FIGURE
24: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY FORKLIFTS, 2022-2028 (IN
$ MILLION)
FIGURE
25: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL AIRCRAFT SERVICE,
2022-2028 (IN $ MILLION)
FIGURE
26: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL AIRCRAFT
SERVICE, 2021 & 2028 (IN %)
FIGURE
27: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY DEICERS, 2022-2028 (IN $
MILLION)
FIGURE
28: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY GROUND POWER UNITS,
2022-2028 (IN $ MILLION)
FIGURE
29: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY FUEL TRUCKS, 2022-2028
(IN $ MILLION)
FIGURE
30: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY PRE-CONDITIONED AIR
UNITS, 2022-2028 (IN $ MILLION)
FIGURE
31: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY HYDRANT TRUCKS, 2022-2028
(IN $ MILLION)
FIGURE
32: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY MILITARY CARGO SERVICE,
2022-2028 (IN $ MILLION)
FIGURE
33: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY MILITARY AIRCRAFT
SERVICE, 2022-2028 (IN $ MILLION)
FIGURE
34: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY END-USER, 2021 & 2028
(IN %)
FIGURE
35: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY COMMERCIAL, 2022-2028 (IN
$ MILLION)
FIGURE
36: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, BY DEFENSE, 2022-2028 (IN $
MILLION)
FIGURE
37: LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET, COUNTRY OUTLOOK, 2021 &
2028 (IN %)
FIGURE
38: BRAZIL GROUND SUPPORT EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
39: MEXICO GROUND SUPPORT EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
40: REST OF LATIN AMERICA GROUND SUPPORT EQUIPMENT MARKET 2022-2028 (IN $
MILLION)