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Global Ground Support Equipment Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.

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Global Ground Support Equipment Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.

May 27
03:20 2022
Global Ground Support Equipment Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.
Global Ground Support Equipment Market Report and Forecast 2022-2027
Global Ground Support Equipment Market To Be Driven By The Rapid Technological Advancements 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, assessing the market based on its segments like type, applications, 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 indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2020): USD 13.9 Billion
  • Forecast CAGR (2022-2027): 7%

The ground support equipment market is driven by the thriving aviation sector. The rising demand for ground support equipment can be attributed to the increasing focus on improving operational efficiency, providing high-quality service, and leasing ground support equipment in cargo handling applications. Furthermore, high initial investments, a shift in emphasis toward ecofriendly GSE procurement, and outsourcing maintenance and repair have augmented the increasing demandfor ground support equipment. The rise in airlines and air passengers can be contributed to the sudden surge in the ground support equipment industry.

Industry Definition and Segmentation

Ground support equipment is an industry term that refers to support equipment typically found at airports and used to service aircraft between flights. When not in use, ground support equipment is usually kept on a ramp near the terminal for easy access. The primary function of GSE is to support the safe operation of aircraft after landing and before taking off again. Ground support equipment is typically used for aircraft mobility, ground power operations, and cargo and passenger loading.

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The market, based on type, can be segmented into:

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

On the basis of application, the market can be categorised into:

  • Aircraft Handling
  • Passenger Handling
  • Cargo Handling

On the basis of power source, the market can be categorised into:

  • Electric
  • Non-Electric
  • Hybrid

The regional markets for the product include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The rising prevalence of air traffic across the continents is likely to aid the market as there is a rise in air travellers and an increase in import and export activity across the world. Greater adoption of hybrid and electric ground support equipment by airport authorities decreases the dependence on fuel and releases fewer emissions. The rapid technological advancements and the increasing investments by the key players to develop innovative and ecofriendly GSE are among the factors which are anticipated to significantly contribute to the robust growth in the forecast period.

Key Market Players

The major players in the market are Aero Specialties Inc., Cavotec SA, Flightline Support Ltd., Textron Ground Support Equipment Inc. , Gate GSE, and Mallaghan, among 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 a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 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.

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*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.

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