The ground support equipment market is projected to
grow from USD 14.16 Billion in 2017 to USD 24.69 Billion by 2022, at a
CAGR of 11.76% during the forecast period. This growth can be attributed
to the increasing demand for electric and hybrid ground support
equipment to cater the increasing air passenger and freight traffic,
increase in warehouse operations at airports, and increasing number of
airport expansions and development projects.
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Objectives of the Study:
The report analyzes the ground support equipment
market based on type (electric, non-electric, hybrid), application
(passenger service, commercial cargo service, commercial aircraft
service, military cargo service, military aircraft service), end use
(commercial, defense), component (equipment, MRO), and region (North
America, Europe, Asia Pacific, Middle East, and Rest of the World).
The report provides in-depth market intelligence
regarding the ground support equipment market and major factors,
including drivers, restraints, opportunities, and challenges that may
influence the growth of the market. It also provides an analysis of
micromarkets with respect to individual growth trends, growth prospects,
and their contribution to the overall market.
The report also covers competitive developments such
as long-term contracts, new product launches and developments, and
research & development activities in the ground support equipment
market, in addition to business and corporate strategies adopted by key
market players.
Asia-Pacific ground support equipment market projected to witness the highest growth during the forecast period
The ground support equipment market in the Asia
Pacific region is anticipated to grow at the highest CAGR from 2017 to
2022. This growth is primarily driven by the increase in aircraft
orders, enhancement of airport infrastructures, and growing air
passenger and cargo traffic. According to the China Civil Aviation,
China’s yearly demand for ground support equipment is expected to
increase due to the new airport developments and expansions as well as
replacement of old ground support equipment.
Key manufacturers and suppliers of ground support
equipment include JBT Corporation (US), Teleflex Lionel-Dupont (TLD)
Group (France), Tug Technologies Corporation (US), Tronair Inc. (US),
and AMSS GSE (UK), among others.
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Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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