The Ground Support Equipment Market Size was calculated at nearly USD 130 Billion in 2018 and is anticipated to reach around USD XX.XX Between 2019 to 2025, the industry witness at CAGR 5% from 2019 to 2025, due to increasing use of this type of high sensitive technology, demand for electric ground support equipment, increasing warehouse operations at airports and rising global air passenger traffic.

Global Ground Support Equipment Market Growth Opportunities (Revenue, Growth) By 2017-2025

Ground support equipment industry includes the various GSE applications such as aircraft handling, passenger handling, and cargo handling.  Some factors are affected to market growth such as avoid delays caused by aircraft, baggage safety & security, reduced ground time etc.  In 2018, according to analysis on the global aviation industry was valued USD 35 Billion, it is greater than from in 2011. Increasing number of airline, Present trends, travelling passenger numbers will be increase number around 8.2 billion by 2030. Such factor push the industry to upgrade capacity of ground handling staff and services which are influence the market demand of the ground handling equipment over the forecast period.  

Market Segment

Based on type, the mobile GSE segment of the ground support equipment market is projected to grow at the highest CAGR during the forecast period. The mobile GSE segment in the ground support equipment market is anticipated to reach countable value over the forecast period, with at a CAGR form 2019 to 2025. The mobile ground support equipment is playing major role in airport operations as they enable airlines to archive on-time performance. Mobile ground support equipment segment is divided into sub-segments such as cargo/container loaders, pushback tractors, forklifts, container pallet transporters, baggage tractors, bulk loaders/conveyors, cabin service vehicles, boarding stairs, lavatory vehicles, passenger buses, deicers, aircraft fueling trucks, mobile ground power units, and mobile pre-conditioned air units. Increasing air traveling, transport and raise number of the airport expansion project are estimated to boost the growth of the GSE segment in GSE market over the forecast period.

Second largest segment is power, based on power source the GSE market is segmented into non-electric, electric, and hybrid.  The non-electric segment is estimated to cross accountable number during the forecast period due to ongoing airport project and increasing number of aircraft transport in developing countries form Asia Pacific and Middle East.

Third largest shareholders are commercial and military; the commercial GSE segment is divided into passenger services, cargo services, and aircraft services. The acceptance of electric GSE has risen in commercial segment across the North American Region. The military segment will contribute supportive growth over the forecast period from various regions. 

Reginal Analysis

The Ground Support Equipment Market is segmented into North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa.  North America Market was estimated to significant growth in 2017 and is projected to show more than xx.xx% CAGR over the forecast period owing to stabilize equipment manufacturers and service providers. Additionally, technological advancements in the market with the implementation of sensors, tow-less tractors, and baggage management systems to protect operational safety will push the market growth.

Global Ground Support Equipment Market Size, Share Analysis By Region 2017

Asia Pacific is anticipated to hold the largest share during the forecast period, in term of revenue due to increasing air traveling capacities, income level and regional economic growth. New technology developments like liberalization in multiple nations such as India and China are continuously boosting the global GSE market.  The Middle East market is anticipated to grow with highest CAGR in coming years owing to growing the new investment projects to accommodate the growing number of air passengers and cargo movements.

Global Ground Support Equipment Market Study Objective

1. To forecast the market size of ground support equipment market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of ground support equipment market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of ground support equipment market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of ground support equipment market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the ground support equipment market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of ground support equipment market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of ground support equipment market commercially.

Key Players

The major players in the market include JBT Corporation, Teleflex Lionel-Dupont, Mallaghan, Tug Technologies Corporation, Tronair, MULAG Fahrzeugwerk, Guangtai, Rheinmetall AG, ITW GSE, and Cavotec. These players are various growth strategies such as contracts, acquisitions, expansions, new product launches, and partnerships & agreements to further expand their presence in the ground support equipment market.

Global Ground Support Equipment Market Study Report Offer You!

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