Ground Support Equipment Market Trend
OREGAON, PORTLAND, UNITED STATESย , October 11, 2023 /EINPresswire.com/ — Allied Market Research recently published a report, “Ground Support Equipment Market by Type (Powered GSE and Non-powered GSE), Application (Aircraft Handling, Passenger Handling, and Cargo Handling), and Power Source (Electric, Non-Electric, and Hybrid): Global Opportunity Analysis and Industry Forecast, 2020โ2027”. According to the report, the global support equipment industry was pegged at $13.01 billion in 2019, and is projected to reach $22.00 billion by 2027, growing at a CAGR of 6.7% from 2020 to 2027.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ – https://www.alliedmarketresearch.com/request-sample/2174
Factors such as increase in air traffic and cargo, rise in focus of airports on enhancing operational efficiency, high service standards, and leasing of ground support equipment. However, high initial investments required for purchasing of the ground support equipment are expected to impede the stated market growth. Further, surge on focus toward procurement of greener GSE, outsourcing of maintenance, repair, and overhaul (MRO) to third party, and increase inuse of wireless technology is expected to create numerous opportunities for the key players operating in the global ground support equipment market.
๐๐๐ฃ๐จ๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ
AERO SPECIALTIES, INC.
Textron GSE
Cavotec SA
Flightline Support Ltd.
Imai Aero-Equipment Mfg. Co., Ltd.
GATE GSE
JBT Corporation
TLD
Mallaghan
Guangtai
๐๐๐ฃ๐จ๐ซ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐จ๐ซ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ
Rise in air traffic and cargo, increased focus of airports on enhancing operational efficiency, high service standards, and leasing of ground support equipment have boosted the growth of global ground support equipment market. However, high initial investment hampers market. On the contrary, increased focus toward procurement of greener GSE, outsourcing of maintenance, repair and overhaul to the third party, and emerging use of wireless technology are expected to create lucrative opportunities for the market players in the coming years.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ – https://www.alliedmarketresearch.com/ground-support-equipment-market/purchase-options
๐๐ก๐ ๐ฉ๐จ๐ฐ๐๐ซ๐๐ ๐๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ
By type, the powered GSE segment held the largest share in 2019, accounting for more than two-thirds of the global ground support equipment market, due to deployment of energy-efficient ground support equipment. However, the non-powered GSE segment is projected to register the highest CAGR of 7.7% during the forecast period, owing to ease of installation and requirement of much lesser maintenance.
๐๐ก๐ ๐๐๐ซ๐ ๐จ ๐ก๐๐ง๐๐ฅ๐ข๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ง๐ข๐๐๐ฌ๐ญ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐๐๐
The cargo handling segment is projected to manifest the highest CAGR of 8.4% during the study period, due to growth in the shipping & logistics industry. However, the aircraft handling segment held the largest share in 2019, contributing to more than two-fifths of the global ground support equipment market, owing to increase in the number of aircrafts and frequency of flights worldwide, outsourcing of GSE among airlines and major advancements and investments in efficient GSEs.
๐๐ก๐ ๐ง๐จ๐ง-๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐ฉ๐จ๐ฐ๐๐ซ ๐ฌ๐จ๐ฎ๐ซ๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฌ๐ก๐๐ซ๐
Based on power source, the non-electric segment accounted for the largest share in 2019, holding nearly three-fourths of the global ground support equipment market, owing to its wide adoption as they operate on conventional energy sources. However, the electric power source segment is projected to reach the highest CAGR of 11.0% during the forecast period, due to factors such as low-end torque and efficient frequent start/stops, idle time, and short required ranges.
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐ข๐จ๐ง’๐ฌ ๐ฌ๐ก๐๐ซ๐
The market across North America held the largest revenue in 2019, accounting for more than two-fifths of the market, owing to focus on eco-friendly ground support equipment by converting GSE fleets to electric and reducing carbon footprints. However, the global ground support equipment market across LAMEA is projected to register size the highest CAGR of 8.6% during the forecast period, due to ongoing developments and airport expansions in the region.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ – https://www.alliedmarketresearch.com/purchase-enquiry/2174
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
โก๏ธBy power source, the non-electric segment generated the highest revenue in the ground support equipment market analysis in 2019.
โก๏ธLAMEA is anticipated to exhibit the highest CAGR during the forecast period.
โก๏ธThis study includes analytical depiction of the market along with current trends and future estimations to determine the imminent investment pockets
โก๏ธIn 2019, Latin America led the market in the LAMEA region.
โก๏ธThe leading companies listed in market report expect high revenue from ground support equipment market returns.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ
https://www.alliedmarketresearch.com/airport-baggage-handling-system-market – Airport Baggage Handling System Market
https://www.alliedmarketresearch.com/airport-stands-equipment-market – Airport Stand Equipment Market
https://www.alliedmarketresearch.com/airport-information-systems-market – Airport Information Systems Market
https://www.alliedmarketresearch.com/commercial-aircraft-landing-gear-market – Commercial Aircraft Landing Gear Market
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
