Ground Support Equipment Market | High Acquisition Costs of Electric Ground Support Equipment Global Forecast 2025

1. Market NEWS: 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. Press Release https://www.marketsandmarkets.com/PressReleases/aircraft-ground-handling-system.asp According to the new market research report "Ground Support Equipment Market by Type (Mobile GSE, Fixed GSE) , Power Source (Non-Electric, Electric, Hybrid), Application (Commercial, Maintenance), Region - Global Forecast to 2025", The growth of the market across the globe can be attributed to 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. Military), Component (New, Replacement, Browse 127 market data Tables and 44 Figures spread through 197 Pages and in-depth TOC on "Ground Support Equipment Market – Global Forecast to 2025" Based on type, the mobile GSE segment is projected to lead the ground support equipment market during the forecast period. Based on type, the ground support equipment market is projected to be led by the mobile segment from 2019 to 2025. Mobile GSE refer to equipment that can be moved around airports. They are not restricted to one installed location and can be used to service aircraft parked at gates that are not connected to airport terminals. Mobile GSE usually comprise cargo loading equipment and ramp service equipment. The rise in capacity expansions of existing airports has led to increased aircraft and cargo movements, which eventually have contributed to increased demand for mobile GSE. Buy Report https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=264041553 The commercial segment is projected to lead the ground support equipment market from 2019 to 2025. Based on application, the commercial segment is projected to lead the ground support equipment market during the forecast period. The commercial segment has been classified into passenger services, cargo services, and aircraft services. These services form a bulk of ground support activities required by aircraft. These services are also called as ramp services. The growth of the commercial segment of the market can be attributed to the rise in demand for electric ground support equipment due to the increased adoption of environment-friendly equipment at airports to carry out different operations. The North American and Asian Pacific regions are projected to be high growth potential markets for the ground support equipment during the forecast period. The ground support equipment market in the North American region is expected to witness substantial growth during the forecast period due to increased demand for ground support equipment from airports of these regions.

2. Several states in the US have passed regulations to reduce emissions from airports completely. As such, airports in these countries are converting their ground support equipment to electric ground support equipment. States such as California and Seattle have already implemented these regulations and airports in these states have overcome the barriers associated with inadequate infrastructure and input power. The rapid growth of the ground support equipment market in the Asia Pacific region can be attributed to rise in the number of air passenger and freight movements, which lead to the requirement for the upgradation and expansion of airports. For instance, in December 2018, the Civil Aviation Administration of China (CAAC) announced the construction of 216 new airports by 2035 to accommodate the growing number of air passengers. 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). Don’t miss out on business opportunities in Ground Support Equipment Market. Speak to our analyst and gain crucial industry insights that will help your business grow.\ Free Workshop https://www.marketsandmarkets.com/FreeWorkshop.asp?id=264041553 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 newsletter@marketsandmarkets.com