Houston, TX, USA, September-27, 2019 /Aerospace NEWS--

Ground Support Equipment Market
[153 Pages Report] The ground support equipment market is projected to grow from USD 7.5 billion in 2019 to USD 9.7 billion by 2025, at a CAGR of 4.45% from 2019 to 2025. Some of the factors that are expected to fuel the growth of the ground support equipment market are rising demand for electric ground support equipment, increasing warehouse operations at airports, and ongoing expansions of airports to cater to the rising global air passenger traffic. Various defense players such as JBT Corporation (US), Teleflex Lionel-Dupont (TLD) (France), Tug Technologies Corporation (Textron GSE) (US), Tronair (US), Guangtai (China), ITW GSE (Denmark), and Cavotec Switzerland) are focusing on improving the efficiency of their ground support equipment. They are also automating the ground support equipment used on ramps and in warehouses of airports. In contrast, the inadequate charging infrastructure for electric ground support equipment and high initial costs of these equipment are expected to restrict the growth of the market across the globe.

Based on type, the mobile GSE segment of the ground support equipment market is projected to grow at the highest CAGR during the forecast period.
Based on type, the mobile GSE segment of the ground support equipment market is projected to grow at the highest CAGR from 2019 to 2025. Mobile GSE play a crucial role in airport operations as they enable airlines in achieving On-time Performance. Various types of mobile GSE segment are cargo/container loaders, pushback tractors, forklifts, container pallet transporters, baggage tractors, bulk loaders/conveyors, cabin service vehicles, boarding stairs, lavatory vehicles, passenger buses, deicers, aircraft fueling trucks, mobile ground power units, and mobile pre-conditioned air units. Rise in aircraft movements and increase in the number of airport expansion projects are expected to drive the growth of the mobile GSE segment of the market during the forecast period.

Based on power source, the non-electric segment is expected to lead the ground support equipment market from 2019 to 2025.
Based on power source, the ground support equipment market has been segmented into non-electric, electric, and hybrid. The growth of the non-electric segment of the market can be attributed to ongoing airport expansions and rising number of aircraft movements in emerging economies of Asia Pacific and the Middle East.

Based on application, the commercial segment of the ground support equipment market is projected to grow at the highest CAGR from 2019 to 2025.
Based on application, the ground support equipment market has been segmented into commercial and military. The commercial segment has been further classified into passenger services, cargo services, and aircraft services. The adoption of electric ground support equipment has increased in commercial applications across the North American region and in some parts of the European region. However, diesel ground support equipment are still used in various commercial applications in the Asia Pacific region.

Ground Support Equipment Market

The Middle East ground support equipment market is projected to grow at the highest CAGR from 2019 to 2025.
The Middle East ground support equipment market region is projected to grow at the highest CAGR during the forecast period due to a continuous increase in the number of airport expansion projects to accommodate the rising number of air passengers and cargo movements.

Key Market Players
The major players in the ground support equipment market are JBT Corporation (US), Teleflex Lionel-Dupont (TLD) (France), Mallaghan (UK), Tug Technologies Corporation (Textron GSE) (US), Tronair (US), MULAG Fahrzeugwerk (Germany), Guangtai (China), Rheinmetall AG (Germany), ITW GSE (Denmark), and Cavotec (Switzerland). These players have adopted various growth strategies such as contracts, acquisitions, expansions, new product launches, and partnerships & agreements to further expand their presence in the ground support equipment market.

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