“Increasing
demand for electric & hybrid GSE and rising number of airport expansions and
developments are the key factors influencing growth of the ground support
equipment market”
This report
provides an in-depth analysis of the Ground Support Equipment (GSE) market from
2017 to 2022. It discusses industry and technological trends prevailing in the
market. Furthermore, the report analyzes factors that are anticipated to drive or
restrain the growth of the market in the near
future. The ground support equipment market is projected to grow at a CAGR
of 11.76% from 2017 to 2022.
Ground support
equipment are an integral part of airport operations and include all equipment
that are used at airport to cater aircraft between flights for handling of
passengers, cargo, and aircraft at ground level. Ground support equipment
majorly comprises aircraft pushback, tow tractors, container loaders, passenger
buses, cabin service vehicles, deicers, ground power units (GPU), aerial lifts,
test units, forklifts, belt loaders, and boarding stairs, among others.
Innovations in
the ground support equipment market have led to the development of
operationally efficient, environmentally clean, and economically viable
solutions. Various airports have also been undertaking initiatives to reduce
their carbon emissions, thereby leading to an increase in the procurement of
GSE which comply with the latest emission norms.
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.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research
on 30,000 high growth niche opportunities/threats which will impact 70%
to 80% of worldwide companies’ revenues. Currently servicing 5000
customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide
approach MarketsandMarkets™ for their painpoints around revenues
decisions.
Our 850 fulltime analyst and SMEs at
MarketsandMarkets™ are tracking global high growth markets following the
"Growth Engagement Model – GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify
most important customers, write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies
this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research
ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence
and market research platform, "RT" connects over 200,000 markets and
entire value chains for deeper understanding of the unmet insights along
with market sizing and forecasts of niche markets.
Contact:
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
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
