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Ground Support Equipment Market is expected to reach USD 17.74 billion by 2020


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Ground Support Equipment (GSE) is the support equipment found at an airport, usually on the ramp, the servicing area by the terminal. This equipment is used to service the aircraft between flights. As the name suggests, ground support equipment is there to support the operations of aircraft whilst on the ground. The role this equipment plays generally involves ground power operations, aircraft mobility, and cargo/passenger loading operations.
Currently the most common ground support equipment includes Electric Ground Support Equipment, Non-Electric Ground Support Equipment and Hybrid Ground Support Equipment. It is widely used in passenger, cargo and aircraft.
Global Ground Support Equipment Market Analysis, by Applications, 2015

According to the relevant agency forecast, the global ground support equipment market was valued at USD 11.07 billion in 2015, and is expected to reach USD 17.74 billion by 2020, growing at a CAGR of 9.58% during the forecast period, 2016-2020. And some of the key drivers for the growth of the ground support equipment market include rise in air traffic and increasing focus by airports towards enhancing their operational efficiency.
On the basis of categories, Electric Ground Support Equipment was the largest market for Ground Support Equipment in 2015, and will continue to maintain in the next five years.
In terms of geography, because of increasing focus by airports towards enhancing operational efficiency owing to the surge in passenger traffic, North America is estimated to occupy the largest market share in, and accounts for about 40%, followed by Europe. Asia Pacific region is expected to be the fastest growing market, and the growth of the ground support equipment market in the region can be attributed to the airport infrastructure development in the region and increased government spending.
Some of the major players in the market include Tug Technologies Corporation (U.S.), JBT Corporation (U.S.), Teleflex Lionel-Dupont (France), Cavotec SA (Switzerland) and Toyota Industries Corp. (Japan).
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Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Joanna | Executive - International Business and partner Relations
E-mail: [email protected] 
Tel: 001-510-400-8520
Web: www.gosreports.com