Increasing Passenger Travel and Cargo Usage Is Propelling the Global Ground Support Equipment Market at 10.21% CAGR by 2019-2027
“According to the new market research report published by Inkwood Research, the global Ground Support Equipment (GSE) market is growing at a CAGR of 10.21% throughout the forecasting years of 2019-2027.”
“Browse 105 market Data Tables and 62 Figures spread over 150 Pages, along with an in-depth TOC on global ground support equipment market forecast 2019-2027.”
Global ground support equipment market provides the equipment necessarily used at the airports, usually on the apron. The equipment are mainly used for services in the aircraft or cargos between flights. The major application of the ground support equipment is in the aircraft and aerospace industry. The market is driven by the growing air traffic, increasing dependency on air cargos, import and exports. Passenger travel has increased enormously in the past few years and is expected to grow at a faster rate. This will boost the demand for the ground support equipment market.
Passenger travel and air cargo is progressing the demand for ground support equipment market
The ground support equipment are employed to support ground mobility of cargo and aircraft. The increase in the number of passengers traveling by air and cargo transportation is expanding the demand for this equipment. Airways are the most easy and fastest mode of transportation. With an increase in standard of living, surging demand for tourism, employment opportunities across countries, the population at large chooses to travel through aircraft. Import and export across countries are increasing which raises demand for cargo transportation and cargo ground management.
To learn more about this report, request a free sample copy
Commercial cargo service is the most adopted application in the ground support equipment market
Application of ground support equipment includes passenger service, commercial cargo service, commercial aircraft service, military aircraft service and military cargo service. Commercial cargo service is the dominating application amongst the other. The increasing growth of the global E-commerce sector across countries, their partnerships, import and export between the countries, etc. are the factors contributing to the growth in usage of commercial cargos. Cargo loaders, container loaders, pushback tractors, forklifts for loading unloading and transport are equipment used on the ground.
North America accounts for the largest share in the global ground support equipment market
The North America region was the highest contributor to the global GSE market in 2018. The United States and Canada are the main economies contributing to the regional market. The region is adopting ground support equipment owing to the growing emphasis of the government on enhancing airport infrastructure, technological advancements. E-commerce industry in the region is expected to boost demand for ground support equipment for commercial cargos.
The GSE marker is growing at a rapid pace. The top players operating in the global market are BGSE Group LLP, Gate GSE, JBT Corporation, Mulag Fahrzeugwerk GMBH, Tronair Inc., Weihai Guangtai Airport Equipment Ltd, Teleflex Lionel-Dupont group, Hydro Systems KG, Fast Global Solutions Inc., Cavotec SA, Avia Equipment PTE Ltd., Clyde Machines Inc., Mallaghan Engineering Ltd., Tug Technologies, Alberth Aviation Ltd. These players are focusing on various strategies for development such as mergers, acquisitions, partnerships, joint ventures and innovation for business expansion.
About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy; with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.