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(Transportation-News.com, December 14, 2017 ) The report "Ground Support Equipment Market by Type (Electric, Non-Electric, Hybrid), Application (Passenger Service, Commercial & Military Cargo, Aircraft Service), End Use (Commercial, Defense), Component (Equipment, MRO), and Region - Global Forecast to 2022", The ground support equipment market is projected to grow from USD 14.16 Billion in 2017 to USD 24.69 Billion by 2022, at a CAGR of 11.76% during the forecast period.
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Objectives of the Study:
The report analyzes the ground support equipment market based on type (electric, non-electric, hybrid), application (passenger service, commercial cargo service, commercial aircraft service, military cargo service, military aircraft service), end use (commercial, defense), component (equipment, MRO), and region (North America, Europe, Asia Pacific, Middle East, and Rest of the World).
The report provides in-depth market intelligence regarding the ground support equipment market and major factors, including drivers, restraints, opportunities, and challenges that may influence the growth of the market. It also provides an analysis of micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market.
The report also covers competitive developments such as long-term contracts, new product launches and developments, and research & development activities in the ground support equipment market, in addition to business and corporate strategies adopted by key market players.
Asia-Pacific ground support equipment market projected to witness the highest growth during the forecast period
The ground support equipment market in the Asia Pacific region is anticipated to grow at the highest CAGR from 2017 to 2022. This growth is primarily driven by the increase in aircraft orders, enhancement of airport infrastructures, and growing air passenger and cargo traffic. According to the China Civil Aviation, China’s yearly demand for ground support equipment is expected to increase due to the new airport developments and expansions as well as replacement of old ground support equipment.
Key manufacturers and suppliers of ground support equipment include JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), Tug Technologies Corporation (US), Tronair Inc. (US), and AMSS GSE (UK), among others.
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