At airports, ground support equipment is used for handling passengers, cargo, and aircraft at the ground level. This equipment enables the movement of aircraft from landing and take-off and helps in handling tasks such as aircraft maintenance, refuelling, manoeuvring at the airport.
Ground Support Equipment Market was valued at US$ 4.49 Bn in 2021 and is expected to reach US$ 17.49 Bn by 2029, at a CAGR of 18.5% during a forecast period.
Ground Support Equipment Market Overview:
The 2022 market research report analyses the Ground Support Equipment market demand by different segments Size, growth, industry trends, share, and forecast to 2027 in its database, which defines a systematic picture of the market and provides a detailed explanation of the various factors that are expected to drive the market growth. The global Ground Support Equipment market research report is a high-quality report containing detailed market research. It offerings a definitive solution to obtain market information with which the market can be imagined clearly and thus important decisions for the growth of the company can be made. All the data, facts, figures, and information covered in this business document are backed up by prominent analytical tools, including SWOT analysis and Porter’s five forces analysis. All data was collected from the annual report, mixins, and press releases.
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The planned sales of products are also included in this Ground Support Equipment Market report, which helps market players to launch new products and avoid mistakes. It suggests which parts of the business need improvement to be successful. It's also easy to spot new opportunities to stay one step ahead of the market, this market research report provides the latest trends to help to bring the business to market and gain a significant advantage. One of the key parts of this report involves a discussion of the summary, overview, market revenue, and financial analysis of the brand from the key vendors in the Ground Support Equipment industry. Our report help to understand the market condition and new market key players that formulate business strategies and easy to understand the market competition.
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Ground Support Equipment Market Segmentation:
During the projection period, the commercial category is anticipated to develop at the highest CAGR, followed by the defence. The main driver of rising demand for the commercial divisions of the ground support equipment market is the increase in global freight, aircraft, and passenger mobility. Due to increased investments in airport infrastructure, which are anticipated to raise demand for such equipment, the passenger service segment is forecast to hold the biggest market share in 2021.
The major key players covered in the Ground Support Equipment market:
• Tug Technologies Corporation
• GATE GSE
• Weihai Guangtai Airports Equipment Co., Ltd.
• Imai Aero-Equipment Mfg. Co. Ltd.
• Mallaghan Engineering, Ltd.
• AMSS GSE
• AERO Specialties, Inc.
• Avia Equipment Pte Ltd
• Cavotec SA
• Flightline Support Ltd.
• BGSE Group
• JBT Corporation
• Douglas Equipment Ltd
• Clyde Machines Inc.
• Hydro Systems KG
• MULAG Fahrzeugwerk GmbH
• Teleflex Lionel-Dupont
• Tronair Inc.
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Regional analysis:
The market is divided into main 5 regions and they are North America (U.S., Canada), Europe (U.K., Germany, France, Italy), Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea), Latin America (Brazil, Mexico, Argentina, Chile), and MEA (Saudi Arabia, South Africa, Egypt) respectively. The MMR Company provides government regulation and pricing analysis of each and everyone that helps to understand the market situation and current competition in the market.
Interviews with executives from various market-related firms, as well as survey reports, research institutes, and the most recent research reports, are used to do primary research. In the meantime, the analyst team is working on a set of questionnaires, and once the appointee list is received, the target audience is tapped and segmented using various mediums and channels for connecting, such as email, telephonic, Skype, LinkedIn Group & In Mail, Community Forums, open Survey, Survey Monkey, and so on.
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