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2021
Asean Ground Support Equipment Market

ASEAN Ground Support Equipment Market by Equipment Type (Container Pallet Loader (7T), Conveyor Belt Loader, Tugs & Tractors, Dollies and Others), Type (Motorized and Non-Motorized), and Power Source (Electric, Non-Electric, and Hybrid): Regional Opportunity Analysis and Industry Forecast, 2018–2027

A09763
Pages: 165
Feb 2021 | 1649 Views
   
Author(s) : Abhay Singh , Sonia Mutreja
Tables: 79
Charts: 37
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Association of Southeast Asian Nations GSE Market Outlook – 2027:

The ASEAN ground support equipment market was valued at $674.17 million in 2018, and is projected to reach $1,192.21 million by 2027, registering a CAGR of 9.8% from 2020 to 2027.

COVID-19 virus has spread worldwide without acknowledging borders. It has impacted all industries, sectors, and aspects of lives with devastating economic & financial losses and significant uncertainties. The growth of the ground support equipment market is directly linked to the aviation industry, which was the first one to undergo complete shutdown as it became the carrier of coronavirus across borders, unknowingly.

Ground support equipment (GSE) is designed to support the operations of an aircraft whilst it is at the airport. GSE comprises airplane push-back & hook-up, forklifts & lifts, carts, vehicles, air-conditioning tugs, belt & container loaders, light-duty trucks, and other equipment that serve the purpose of powering, towing, and servicing. Further, such equipment enable passenger handling, baggage handling, aircraft mobility, repair, service, and maintenance functions. Many airlines either own/ maintain GSE or possess full service leasing from equipment management companies. 

ASEAN-Ground-Support-Equipment-Market-2020-2027

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The major companies profiled in the ASEAN ground support equipment market include Adelte Group S.L, Avia Equipment Pte Ltd, Cavotec SA, Guangta, IMAI Aero-Equipment MFG. CO. LTD., ITW GSE, JBT Corporation, Textron Ground Support Equipment INC, TLD, and Tronair.

The ASEAN ground support equipment market is segmented into equipment type, type, power source and ASEAN countries. By equipment type, it is segmented into container pallet loader (7T), conveyor belt loader, tugs & tractors, dollies, and others. Further, by type, it is divided into motorized and non-motorized. Based on power source it is segmented into electric, non-electric, and hybrid.

Geographically, the market is analyzed across ASEAN countries, which include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, The Philippines, Singapore, Thailand, and Vietnam.

ASEAN Ground Support Equipment Market
By Equipment Type

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Tugs & Tractors GSE is projected as the most lucrative segments

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Top Impacting Factors

The significant factors impacting the growth of the ASEAN ground support equipment market include increase in air traffic and cargo, rise in focus of airports on enhancing operational efficiency, high service standards, and leasing of ground support equipment. Further, high initial investments, surge in focus toward procurement of greener GSE, outsourcing of maintenance, repair, and overhaul (MRO) to third party, and rise in use of wireless technology have strong impact on the market. 

Increase in air traffic and cargo

Significant increase in the number of air passengers and cargo transportation has been witnessed across the globe. In addition, this growth is projected to continue over the forecast period due to increased tourist locations across ASEAN countries, which is anticipated to increase the adoption of advanced GSE by ASEAN airports. For instance, according to the International Air Transport Association (IATA), 52.2 million metric tons of cargo was transported in 2015, and was predicted to increase at a CAGR of 4.1% over the next 5 years. In addition, as per IATA’s 20-year air passenger forecast, the number of air travelers could double to 8.2 billion by the end of 2037. This, in turn, is expected to drive the growth of the market. Thus, surge in the number of passengers as well as cargo has augmented the demand for ground support equipment in the ASEAN aviation industry.

ASEAN Ground Support Equipment Market
By Type

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Motorized GSE is projected as the most lucrative segments

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Rise in focus of airports on enhancing operational efficiency

Airports are making large and significant improvements to increase their operating efficiency and decrease turnaround time. The emergence of underground GSE has helped enhance the speed of operations and reduce the congestion of equipment on airports. Various tools are being developed to improve the overall operational efficiency. For instance, airports in Latin America and the Caribbean are using Collaborative Decision Making (CDM) tool for their operational efficiency since June 2019. Airport-CDM increases the predictability of operating by improving the quality of planning and increasing the situational awareness, which is based on real-time information exchange. 

The benefit of enhancing operational efficiency is that it helps in the reduction of operational cost and increases profit. Therefore, it is important for airport authorities to have competent ground support equipment. This drives the growth of the market.

ASEAN Ground Support Equipment Market
By Power Source

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Electric GSE is projected as the most lucrative segments

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Outsourcing maintenance, repair, and overhaul (MRO) to third party

Airport authorities can outsource maintenance, repair, & overhaul of GSE (expenditure of 13% to 15% of the total revenue according to an India Brand Equity Foundation (IBEF) report) so that they can focus on key business strategies. It is anticipated to increase the speed and improve the quality of service delivery. This, in turn, is opportunistic for the market expansion.

High service standards

High performance standards consist of high on-time performance by airlines and offering professional services to customers, which include proper customer handling from check-in to boarding. Therefore, many airports have taken the initiative of having high service standards by deploying motorized and non-motorized service equipment such as carts, towable passenger stairs, belt loaders, and refuelers.

ASEAN Ground Support Equipment Market
By Country

2027
Indonesia 
Philippines
Malaysia
Thailand
Myanmar
Vietnam
Cambodia
Laos
Singapore
Brunei

Vietnam would exhibit the highest CAGR of 13.2% during 2020-2027.

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COVID-19 impact analysis

  • COVID-19 virus has spread worldwide without acknowledging borders. It has impacted all industries, sectors, and aspects of lives with devastating economic & financial losses and significant uncertainties.
  • The growth of the ground support equipment market is directly linked to the aviation industry, which was the first one to undergo complete shutdown as it became the carrier of coronavirus across borders, unknowingly.
  • Decline of operations at the terminals is expected to have a far-reaching impact on the market. Companies running on contracts are banking on government-backed funds to relieve them as the aviation industry came to a halt.
  • The change in the behavior of passengers following the COVID-19 crisis, travel restrictions, and the ensuing economic crisis resulted in a dramatic drop in demand for airline services.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the ASEAN ground support equipment market trends with current trends and future estimations to depict the imminent investment pockets.
  • The overall potential is determined to understand the profitable trends to gain a stronger foothold.
  • The ASEAN ground support equipment market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current growth and ASEAN ground support equipment market forecast is quantitatively analyzed from 2018 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the ground support equipment market share.
  • The study also comprises the ASEAN ground support equipment market opportunity which help key players in decision making.
  • The leading players in the industry are expecting high revenue margin from ASEAN ground support equipment market returns.


Key Market Segments

  • By Equipment Type
    • Container Pallet Loader (7T)
    • Conveyor Belt Loader
    • Tugs & Tractors
    • Dollies
    • Others
  • By Type
    • Motorized
    • Non-Motorized
  • By Power Source
    • Electric
    • Non-electric
    • Hybrid
  • By Country
    • INDONESIA
    • THE PHILIPPINES
    • MALAYSIA
    • THAILAND
    • MYANMAR
    • VIETNAM
    • CAMBODIA
    • LAOS
    • SINGAPORE
    • BRUNEI


Key Market Players

  • ADELTE GROUP S.L.
  • AVIA EQUIPMENT PTE LTD
  • CAVOTEC SA
  • GUANGTAI
  • IMAI AERO-EQUIPMENT MFG. CO., LTD.
  • ITW GSE
  • JBT CORPORATION
  • TEXTRON GROUND SUPPORT EQUIPMENT INC.
  • TLD
  • TRONAIR
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS
1.4.RESEARCH METHODOLOGY

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.PORTER’S FIVE FORCES ANALYSIS
3.4.KEY PLAYER POSITIONING (2019)
3.5.MARKET DYNAMICS

3.5.1.Drivers

3.5.1.1.Increase in air traffic and cargo
3.5.1.2.Rise in focus of airports on enhancing operational efficiency
3.5.1.3.High service standards
3.5.1.4.Leasing of ground support equipment

3.5.2.Restraint

3.5.2.1.High initial investment

3.5.3.Opportunities

3.5.3.1.Increased focus toward procurement of greener GSE
3.5.3.2.Outsourcing of maintenance, repair, & overhaul (MRO) to the third party
3.5.3.3.Emerging use of wireless technology

3.6.IMPACT OF COVID-19 ON THE MARKET

3.6.1.Evolution of outbreak

3.6.1.1.SARS
3.6.1.2.COVID-19

3.6.2.Micro-economic impact analysis

3.6.2.1.Consumer trend
3.6.2.2.Technology trend
3.6.2.3.Regulatory trend

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index

3.6.4.Impact on the industry
3.6.5.Regulatory framework for solving market challenges faced by players
3.6.6.Key player strategies to tackle the negative impact in the industry
3.6.7.Opportunity analysis for players

3.7.LIST OF UPCOMING AIRPORTS BY 2025
3.8.EQUIPMENT PRICING

CHAPTER 4:ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE

4.1.OVERVIEW
4.2.CONTAINER PALLET LOADER (7T)

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by country

4.3.CONVEYOR BELT LOADER

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by country

4.4.TUGS & TRACTORS

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by country

4.5.DOLLIES

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by country

4.6.OTHERS

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by country

CHAPTER 5:ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY TYPE

5.1.OVERVIEW
5.2.MOTORIZED

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by country

5.3.NON-MOTORIZED

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by country

CHAPTER 6:ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE

6.1.OVERVIEW
6.2.ELECTRIC

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by country

6.3.NON-ELECTRIC

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by country

6.4.HYBRID

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by country

CHAPTER 7:ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY COUNTRY

7.1.OVERVIEW
7.2.INDONESIA

7.2.1.Market size and forecast, by equipment type
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by power source

7.3.THE PHILIPPINES

7.3.1.Market size and forecast, by equipment type
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by power source

7.4.MALAYSIA

7.4.1.Market size and forecast, by equipment type
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by power source

7.5.THAILAND

7.5.1.Market size and forecast, by equipment type
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by power source

7.6.MYANMAR

7.6.1.Market size and forecast, by equipment type
7.6.2.Market size and forecast, by type
7.6.3.Market size and forecast, by power source

7.7.VIETNAM

7.7.1.Market size and forecast, by equipment type
7.7.2.Market size and forecast, by type
7.7.3.Market size and forecast, by power source

7.8.CAMBODIA

7.8.1.Market size and forecast, by equipment type
7.8.2.Market size and forecast, by type
7.8.3.Market size and forecast, by power source

7.9.LAOS

7.9.1.Market size and forecast, by equipment type
7.9.2.Market size and forecast, by type
7.9.3.Market size and forecast, by power source

7.10.SINGAPORE

7.10.1.Market size and forecast, by equipment type
7.10.2.Market size and forecast, by type
7.10.3.Market size and forecast, by power source

7.11.BRUNEI

7.11.1.Market size and forecast, by equipment type
7.11.2.Market size and forecast, by type
7.11.3.Market size and forecast, by power source

CHAPTER 8:COMPANY PROFILES

8.1.ADELTE GROUP S.L.

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Product portfolio
8.1.4.Key strategic moves and developments

8.2.AVIA EQUIPMENT PTE LTD

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio

8.3.CAVOTEC SA

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance

8.4.GUANGTAI

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Key strategic moves and developments

8.5.IMAI AERO-EQUIPMENT MFG. CO., LTD.

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio

8.6.ITW GSE

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance

8.7.JBT CORPORATION

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.7.6.Key strategic moves and developments

8.8.TEXTRON GROUND SUPPORT EQUIPMENT INC.

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio
8.8.4.Key strategic moves and developments

8.9.TLD

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio

8.10.TRONAIR

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio
8.10.4.Key strategic moves and developments

LIST OF TABLES

TABLE 01.MACRO-ECONOMIC INDICATORS PROJECTIONS (1/2):
TABLE 02.MACRO-ECONOMIC INDICATORS PROJECTIONS (2/2):
TABLE 03.LIST OF UPCOMING ASEAN AIRPORTS BY 2025
TABLE 04.ASEAN GROUND SUPPORT EQUIPMENT PRICING (USD)
TABLE 05.ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 ($MILLION)
TABLE 06.ASEAN GROUND SUPPORT EQUIPMENT MARKET FOR CONTAINER PALLET LOADER (7T), BY COUNTRY, 2018–2027 ($MILLION)
TABLE 07.ASEAN GROUND SUPPORT EQUIPMENT MARKET FOR CONVEYOR BELT LOADER, BY COUNTRY, 2018–2027 ($MILLION)
TABLE 08.ASEAN GROUND SUPPORT EQUIPMENT MARKET FOR CONVEYOR BELT LOADER, BY TYPE, 2018–2027 ($MILLION)
TABLE 09.ASEAN GROUND SUPPORT EQUIPMENT MARKET FOR TUGS & TRACTORS, BY COUNTRY, 2018–2027 ($MILLION)
TABLE 10.ASEAN GROUND SUPPORT EQUIPMENT MARKET FOR DOLLIES, BY COUNTRY, 2018–2027 ($MILLION)
TABLE 11.ASEAN GROUND SUPPORT EQUIPMENT MARKET FOR OTHERS, BY COUNTRY, 2018–2027 ($MILLION)
TABLE 12.ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 ($MILLION)
TABLE 13.ASEAN GROUND SUPPORT EQUIPMENT MARKET FOR MOTORIZED, BY COUNTRY, 2018–2027 ($MILLION)
TABLE 14.ASEAN GROUND SUPPORT EQUIPMENT MARKET FOR NON-MOTORIZED, BY COUNTRY, 2018–2027 ($MILLION)
TABLE 15.ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 ($MILLION)
TABLE 16.ASEAN GROUND SUPPORT EQUIPMENT MARKET FOR ELECTRIC, BY COUNTRY, 2018–2027 ($MILLION)
TABLE 17.ASEAN GROUND SUPPORT EQUIPMENT MARKET FOR NON-ELECTRIC, BY COUNTRY, 2018–2027 ($MILLION)
TABLE 18.ASEAN GROUND SUPPORT EQUIPMENT MARKET FOR HYBRID, BY COUNTRY, 2018–2027 ($MILLION)
TABLE 19.ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY COUNTRY, 2018–2027 ($MILLION)
TABLE 20.INDONESIA GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 ($MILLION)
TABLE 21.INDONESIA GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 ($MILLION)
TABLE 22.INDONESIA GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 ($MILLION)
TABLE 23.THE PHILIPPINES GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 ($MILLION)
TABLE 24.THE PHILIPPINES GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 ($MILLION)
TABLE 25.THE PHILIPPINES GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 ($MILLION)
TABLE 26.MALAYSIA GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 ($MILLION)
TABLE 27.MALAYSIA GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 ($MILLION)
TABLE 28.MALAYSIA GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 ($MILLION)
TABLE 29.THAILAND GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 ($MILLION)
TABLE 30.THAILAND GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 ($MILLION)
TABLE 31.THAILAND GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 ($MILLION)
TABLE 32.MYANMAR GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 ($MILLION)
TABLE 33.MYANMAR GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 ($MILLION)
TABLE 34.MYANMAR GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 ($MILLION)
TABLE 35.VIETNAM GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 ($MILLION)
TABLE 36.VIETNAM GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 ($MILLION)
TABLE 37.VIETNAM GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 ($MILLION)
TABLE 38.CAMBODIA GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 ($MILLION)
TABLE 39.CAMBODIA GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 ($MILLION)
TABLE 40.CAMBODIA GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 ($MILLION)
TABLE 41.LAOS GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 ($MILLION)
TABLE 42.LAOS GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 ($MILLION)
TABLE 43.LAOS GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 ($MILLION)
TABLE 44.SINGAPORE GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 ($MILLION)
TABLE 45.SINGAPORE GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 ($MILLION)
TABLE 46.SINGAPORE GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 ($MILLION)
TABLE 47.BRUNEI GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 ($MILLION)
TABLE 48.BRUNEI GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 ($MILLION)
TABLE 49.BRUNEI GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 ($MILLION)
TABLE 50.ADELTE GROUP S.L.: COMPANY SNAPSHOT
TABLE 51.ADELTE GROUP S.L.: PRODUCT PORTFOLIO
TABLE 52.ADELTE GROUP S.L.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 53.AVIA EQUIPMENT PTE LTD: COMPANY SNAPSHOT
TABLE 54.AVIA EQUIPMENT PTE LTD: PRODUCT PORTFOLIO
TABLE 55.CAVOTEC SA: COMPANY SNAPSHOT
TABLE 56.CAVOTEC SA: OPERATING SEGMENTS
TABLE 57.CAVOTEC SA: PRODUCT PORTFOLIO
TABLE 58.GUANGTAI: COMPANY SNAPSHOT
TABLE 59.GUANGTAI: OPERATING SEGMENTS
TABLE 60.GUANGTAI: PRODUCT PORTFOLIO
TABLE 61.GUANGTAI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 62.IMAI AERO-EQUIPMENT MFG. CO., LTD.: COMPANY SNAPSHOT
TABLE 63.IMAI AERO-EQUIPMENT MFG. CO., LTD.: OPERATING SEGMENTS
TABLE 64.IMAI AERO-EQUIPMENT MFG. CO., LTD.: PRODUCT PORTFOLIO
TABLE 65.ITW GSE: COMPANY SNAPSHOT
TABLE 66.ITW GSE: OPERATING SEGMENTS
TABLE 67.ITW GSE: PRODUCT PORTFOLIO
TABLE 68.JBT CORPORATION: COMPANY SNAPSHOT
TABLE 69.JBT CORPORATION: OPERATING SEGMENTS
TABLE 70.JBT CORPORATION: PRODUCT PORTFOLIO
TABLE 71.JBT CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 72.TEXTRON GROUND SUPPORT EQUIPMENT INC.: COMPANY SNAPSHOT
TABLE 73.TEXTRON GROUND SUPPORT EQUIPMENT INC.: PRODUCT PORTFOLIO
TABLE 74.TEXTRON GSE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 75.TLD: COMPANY SNAPSHOT
TABLE 76.TLD: PRODUCT PORTFOLIO
TABLE 77.TRONAIR: COMPANY SNAPSHOT
TABLE 78.TRONAIR: PRODUCT PORTFOLIO
TABLE 79.TRONAIR: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 07.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 09.LOW-TO-MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10.LOW-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.LOW-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-HIGH INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 14.KEY PLAYER POSITIONING (2019)
FIGURE 15.ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2027 (%)
FIGURE 16.ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY TYPE, 2018–2027 (%)
FIGURE 17.ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY POWER SOURCE, 2018–2027 (%)
FIGURE 18.ASEAN GROUND SUPPORT EQUIPMENT MARKET, BY COUNTRY, 2018–2027 (%)
FIGURE 19.INDONESIA GROUND SUPPORT EQUIPMENT MARKET, 2018–2027 ($MILLION)
FIGURE 20.THE PHILIPPINES GROUND SUPPORT EQUIPMENT MARKET, 2018–2027 ($MILLION)
FIGURE 21.MALAYSIA GROUND SUPPORT EQUIPMENT MARKET, 2018–2027 ($MILLION)
FIGURE 22.THAILAND GROUND SUPPORT EQUIPMENT MARKET, 2018–2027 ($MILLION)
FIGURE 23.MYANMAR GROUND SUPPORT EQUIPMENT MARKET, 2018–2027 ($MILLION)
FIGURE 24.VIETNAM GROUND SUPPORT EQUIPMENT MARKET, 2018–2027 ($MILLION)
FIGURE 25.CAMBODIA GROUND SUPPORT EQUIPMENT MARKET, 2018–2027 ($MILLION)
FIGURE 26.LAOS GROUND SUPPORT EQUIPMENT MARKET, 2018–2027 ($MILLION)
FIGURE 27.SINGAPORE GROUND SUPPORT EQUIPMENT MARKET, 2018–2027 ($MILLION)
FIGURE 28.BRUNEI GROUND SUPPORT EQUIPMENT MARKET, 2018–2027 ($MILLION)
FIGURE 29.CAVOTEC SA: REVENUE, 2017–2019 ($MILLION)
FIGURE 30.CAVOTEC SA: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 31.CAVOTEC SA: REVENUE SHARE BY GEOGRAPHY, 2019 (%)
FIGURE 32.ITW GSE: NET SALES, 2017–2019 ($MILLION)
FIGURE 33.ITW GSE: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 34.ITW GSE: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 35.JBT CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 36.JBT CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 37.JBT CORPORATION: REVENUE SHARE BY REGION, 2019 (%)

 
 

In accordance with insights by CXOs of leading companies, the ASEAN ground support equipment market is projected to witness moderate growth rate, owing to growth in population along with increase in disposable income. Companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative feature offerings. According to them, the electrically powered vehicles segment possesses higher potential for growth in the ASEAN market and dominates the ASEAN market in 2018. 

By type, the motorized segment witnessed highest growth rate during the forecast period, due to increase in automation worldwide. Based on the equipment type, the others segment holds a major market share in the ASEAN market. Meanwhile, the tugs & tractors segment is expected to grow significantly during the forecast period.

The market is consolidated by the presence of major key players such as Adelte Group S.L, Avia Equipment Pte Ltd, Cavotec SA, Guangta, IMAI Aero-Equipment MFG. CO. LTD., ITW GSE, JBT Corporation, Textron Ground Support Equipment INC, TLD, and Tronair. These players have adopted efficient techniques to develop innovative offerings. Vietnam is expected to witness the highest growth during the forecast period, due to lucrative opportunities offered by the government.
 

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