You are currently viewing Growth in aviation passengers, and airport infrastructure will drive the global Ground Support Equipment market in the Forecast Period of 2022-2027

Growth in aviation passengers, and airport infrastructure will drive the global Ground Support Equipment market in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Ground Support Equipment Market Report and Forecast 2022-2027, gives an in-depth analysis of the global ground support equipment market analysis, assessing the market based on its segments like type, application, power source, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/ground-support-equipment-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2020): USD 13.9 Billion

• Forecast CAGR (2022-2027): 6.7%

• Forecast Market Size (2027): USD 20.6 Billion

Significant growth in the number of passenger and cargo transportation is a major factor in the growth of the ground support equipment market all across the globe. As a result, the number of airlines has increased which caused expansion of operations at airports, which has resulted in the addition of new terminals, gates, passenger service equipment, and other infrastructure. Moreover, to increase connectivity, government all across the world is also expanding the airport infrastructure which is contributing to the market growth. The airports require ground support equipment at each gate due to the increase in passengers, the average number of gates in airports are increasing continuously. A downfall was witnessed in the market due to COVID-19 as the aviation industry witnessed a steep downfall in 2020, however, a V-shaped recovery is witnessed in most of the regions in the aviation market and so in the ground support equipment market.

Industry Definition

Ground support equipment (GSE) are located at airports in the maintenance area near the terminal. These types of equipment are utilised to service the aircraft between flights to assist aircraft operations while they are on the ground. They are operated by qualified technicians to ensure that the aircraft is safe to take off before the next flight. The major role of this equipment includes ground power operations, aircraft mobility, and cargo or passenger loading operations.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/ground-support-equipment-market

By type, the market is segmented into:

• Powered Ground Support Equipment
• Non-Powered Ground Support Equipment

By application, the market can be segmented into:

• Aircraft Handling
• Passenger Handling
• Cargo Handling

Based on power source, the market is segmented into:

• Electric
• Non-Electric
• Hybrid

The regional markets for the Global Ground Support Equipment Market can be separated into:

• North America
o United States of America
o Canada

• Europe
o United Kingdom
o Germany
o France
o Italy
o Others

• Asia Pacific
o China
o Japan
o India
o ASEAN
o Australia
o Other

• Latin America
o Brazil
o Argentina
o Mexico
o Other

• The Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o Nigeria
o South Africa
o Others

Market Trends

North America is expected to hold a major share in the ground support equipment market as the US is a major hub for the aviation industry for passengers as well as cargo. Growth in the e-commerce industry and expansion of airports will further drive the market in the region. Modification and improvement in airport infrastructures will also aid in market growth. The modification will help the airport authorities to reduce operational time and equipment congestion at airports. Moreover, Asia-Pacific is expected to witness significant growth during the forecast period. Countries such as China, India, and Indonesia are expected to witness a significant increase in passenger and cargo traffic in the near future. It will generate the demand for airports, trained staff, and related equipment.

Key Market Players

The major players in the market include Aero Specialties, Inc., Cavotec SA, Textron Ground Support Equipment Inc., Flightline Support Ltd., Gate GSE, Mallaghan, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1,000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Media Contact

Company Name: Claight Corporation
Contact Person: Adam Lee, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Also, Check Procurement Intelligence which provides you Infallible research solutions.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.