Exclusive Report on Global Ground Support Equipment Market to achieve a market size of $18.42 Billion as it excels

According to the report, The global Ground Support Equipment market size is expected to reach $18.42 Billion by 2028 growing at the CAGR of 20.68% from 2021 to 2028. This growth is attributed to

Expansion and development of airport infrastructure:

The air traffic for commercial flights has been increasing steadily. There are now more people than ever before willing to climb onto a plane, which means airports are seeing an increase in the number of planes they have to help the land. That means the number of runways and taxiway lanes they need to accommodate commercial flights is growing as well, creating new opportunities for ground support equipment companies to lend their expertise.

The market is hampered by the high acquisition costs of electric ground support equipment

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The recently published research report on Global Ground Support Equipment Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Ground Support Equipment market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Ground Support Equipment market report also includes the following data points:
• COVID19 Impact on Ground Support Equipment market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Ground Support Equipment market

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Key Players
Some of the major Ground Support Equipment players holding high market share include JBT Corporation, Teleflex Lionel-Dupont, Mallaghan, Tug Technologies Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• JBT Corporation
• Teleflex Lionel-Dupont
• Mallaghan
• Tug Technologies Corporation
• Tronair
• MULAG Fahrzeugwerk
• Guangtai
• Rheinmetall AG
• ITW GSE
• Cavotec SA

Segmental Analysis
Market Segment By Point of Sale with focus on market share, consumption trend, and growth rate of Ground Support Equipment Market:
o Equipment
o Maintenance Services

Market Segment By Mode of Operation with focus on market share, consumption trend, and growth rate of Ground Support Equipment Market:
o Conventional/Manned GSE
o Remotely Operated GSE
o Autonomous GSE

Market Segment By Type with a focus on market share, consumption trend, and growth rate of Ground Support Equipment Market:
o Mobile
o Fixed

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Global Ground Support Equipment Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

North America holds the larger share in the market owing to the government support and better infrastructure facility available.

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