The adoption of aircraft ground support equipment in Japan is set to exhibit a compound annual growth rate of 6.7% through 2034. The aircraft ground support equipment industry in Japan is poised to witness significant opportunities, with a valuation of USD 235.7 million in 2024.
The expansion of airline fleets, especially by key carriers, is anticipated to drive the demand for additional ground support equipment to handle increased aircraft traffic and servicing requirements. By 2034, the adoption of aircraft ground support equipment in Japan is expected to reach USD 448.9 million.
| Attributes | Details |
|---|---|
| Industry Size in 2024 | USD 235.7 million |
| Expected Industry Size by 2034 | USD 448.9 million |
| Forecasted CAGR from 2024 to 2034 | 6.7% |
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Based on equipment, the airport service segment is expected to account for a share of 54.3% in 2024. The tourism industry in Japan continues to attract a significant number of international visitors. The airport services segment is influenced by the need to handle the increasing passenger traffic associated with tourism.
| Aircraft Ground Support Equipment in Japan based on Equipment | Airport Service |
|---|---|
| Share in % in 2024 | 54.3% |
Ongoing and planned expansions and modernization projects at key airports in Japan, such as Haneda International Airport and Narita International Airport, create a demand for advanced ground support equipment to support increased passenger and cargo traffic.
The growth in air travel demand in Japan, both domestic and international, drives the need for efficient airport services. Ground support equipment is essential for handling the ground operations of aircraft, ensuring timely turnarounds.
The airport services segment includes GSE for cargo handling operations. There is an increasing demand for efficient cargo services at airports, with the growth of e-commerce and global trade driving the need for specialized GSE.
Stringent environmental regulations and government initiatives promoting the use of clean energy contribute to the adoption of electric ground support equipment. Incentives such as tax benefits or subsidies for electric vehicles can encourage the transition.
| Aircraft Ground Support Equipment in Japan based on Power | Electric |
|---|---|
| Share in % in 2024 | 49.2% |
Based on power, the electric segment is expected to account for a share of 49.2% in 2024. Electric GSE produces fewer emissions compared to traditional fuel-powered equipment. The electric GSE tends to operate more quietly, which can be advantageous in airport environments where noise reduction is a priority.
Ongoing advancements in battery technology, as well as electric propulsion systems, enhance the performance and capabilities of electric GSE. This trend contributes to the growing acceptance and adoption of electric-powered equipment.
Electric GSE can offer operational cost savings over time, including lower fuel costs and reduced maintenance expenses. Cost-effectiveness becomes a compelling factor for the adoption of electric equipment.
Hosting international events, conferences, and tourism promotion efforts in the Kanto region is expected to boost air travel, creating demand for ground support equipment to handle increased passenger traffic during peak periods.
Tokyo, being a key economic and financial hub, experiences significant cargo movements. The growth in global trade and eCommerce is also anticipated to boost the demand for GSE designed for efficient cargo handling at airports.
Supportive government initiatives, policies, and investments in aviation infrastructure in the Kanto region can stimulate the GSE industry by creating opportunities for new equipment purchases.
Investments in expanding and upgrading airports in the Chubu region, such as Chubu Centrair International Airport, is expected to drive the demand for advanced ground support equipment to support growing passenger and cargo traffic.
Chubu is home to a significant manufacturing industry. Increased manufacturing activities and exports may lead to higher demand for air cargo services, driving the need for GSE.
The role of Chubu in global supply chains, especially in the automotive industry, is likely to influence the demand for air cargo services. GSE designed for efficient cargo handling can be essential in this context.
Economic development in these regions, driven by diverse industries including tourism, manufacturing, and services, can lead to increased air travel and cargo movements, requiring advanced ground support equipment.
Investments in airport infrastructure and expansions in Kyushu and Okinawa are anticipated to escalate the demand for modern GSE to support growing passenger and cargo traffic.
Both regions host military bases, and the military operations can contribute to the overall demand for aviation services, including GSE, especially for shared civilian military airports.
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The competitive landscape of the aircraft ground support equipment industry in Japan is dynamic, with companies continuously adapting to industry trends, regulatory changes, and technological advancements. The focus on innovation, as well as strategic collaborations will likely shape the future of the ecosystem.
Recent Developments Observed in Aircraft Ground Support Equipment in Japan
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 235.7 million |
| Projected Industry Size by 2034 | USD 448.9 million |
| Anticipated CAGR from 2024 to 2034 | 6.7% CAGR |
| Historical Analysis of Demand for Aircraft Ground Support Equipment in Japan | 2019 to 2023 |
| Demand Forecast for Aircraft Ground Support Equipment in Japan | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing the adoption of Aircraft Ground Support Equipment in Japan, Insights on Global Players and their Industry Strategy in Japan, Ecosystem Analysis of Providers in Japan |
| Key Cities Analyzed while Studying Opportunities in Aircraft Ground Support Equipment in Japan | Kanto, Chubu, Kinki, Kyushu & Okinawa, Tohoku, Rest of Japan |
| Key Companies Profiled in the Industry Analysis of Aircraft Ground Support Equipment in Japan | Toyota Industries Corporation; JBT Corporation; TLD Group; Kawasaki Heavy Industries, Ltd.; Mitsubishi Heavy Industries, Ltd.; Ishida Co., Ltd.; Cavotec SA; Nissan Motor Co., Ltd.; Japanese Aviation Equipment Manufacturers; ShinMaywa Industries, Ltd.; Komatsu Ltd.; TAKAMISAWA CYBERNETICS CO., LTD. |
The industry in Japan is set to be valued at USD 235.7 million in 2024.
The anticipated CAGR through 2034 is 6.7%.
Demand for aircraft ground support equipment in Japan is expected to reach USD 448.9 million by 2034.
Airport service segment is expected to dominate the industry.
Electric segment to remain a key contributor in the aircraft ground support equipment ecosystem in Japan.
| Estimated Market Value (2024E) | USD 9,351.7 million |
|---|---|
| Projected Market Size (2034F) | USD 18,316.2 million |
| Value-based CAGR (2024 to 2034) | 7% |
| Market Estimated Size (2023) | USD 13,722.4 million |
|---|---|
| Market Projected Size (2033) | USD 22,352.3 million |
| Market Value-based CAGR (2023 to 2033) | 5% |
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Aircraft Ground Support Equipment Industry Analysis in Japan
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