Airport ground support vehicles market continue to witness unwavering growth, as airport authorities and airline organization continue to focus on infrastructure development. In order to cope with augmented demand for air travel, chief authorities of the aviation landscape are putting on their thinking hats to implement effective processes, creating sustained opportunities for the stakeholders of airport ground support vehicles market. These insights are as per the latest report by Fact.MR, which elucidates potential business opportunities for manufacturers of airport ground support vehicles in 2019 and beyond.
Soaring demand from MRO (maintenance, repair and overhaul) businesses and FBO (fixed base operators) is providing a fillip to sales of airport ground support vehicles. With the aviation industry required to serve accelerating volumes, passengers have become highly demanding and discerning with regard to the quality of service they receive. In response to this, airport authorities of the aviation landscape seek effective airport ground support vehicles to enhance their end-to-end travel facilities along with air carrier services.
“Leading market players continue to focus on persistent product developments and high quality services via customer-centric approaches. Manufacturers are improving their hands-on experience, a key indicator of ‘quality in manufacturing’, to gain substantial competitive advantages”, says Fact.MR report.
Integration of new features and technologies remain indispensable for manufacturers to create their own ‘sphere of influence’ in the airport ground support vehicles landscape. Governments’ interventions to ameliorate airport infrastructure via improvements in airport ground support vehicles is contributing to the global market growth. For instance, The Birmingham Airport Authority (BAA) started a project in 2016 for installing around 27 electric charging stations for airport ground service equipment, including ground support vehicles, at the Birmingham-Shuttlesworth International Airport (BHM). Initiatives as such pave lucrative avenues for the stakeholders of airport ground support vehicles to grow vigorously.
Passengers Travelling Via Long-Haul Flights Demonstrate Heavy Reliance on Airport Catering Trucks
The aviation industry, post the global financial crisis, has demonstrated a resilient nature. Over the years, massive demand for airlines has created multiple opportunities with respect to airport infrastructure development. This, in turn, has positively influenced sales of airport ground support equipment & services, with airport catering trucks being an important subset of these. While the demand for airport catering trucks across developed economies benefits from the large-scale presence of industry giants, demand across emerging countries has also taken off significantly. According to the report, worldwide sales of airport catering trucks is likely to surpass 3 billion units by 2028.
According to the International Air Transport Association (IATA), more than 7 billion passengers are likely to choose air travel by 2036. Statistics as such are encouraging airport authorities to revamp their existing infrastructure with advanced ground service equipment. Passengers travelling in long-haul flights continue to rely on services offered by airport catering trucks, creating incremental opportunity for stakeholders of airport ground support vehicles market.
Fact.MR’s report offers in-depth insights into the growth of airport ground support vehicles market. The report finds that the airport ground support vehicles market is likely to grow at an impressive rate through 2028.
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Mohit Loshali, an experienced campaigner, writes about the latest evolutions and trends in the automotive and allied domains. He has helped clients from across the globe with his thought-provoking research and analysis.