The Global Ground Support Equipment Market to Reap $9632.39 Million by 2028

A recent study by Triton Market Research titled 'Global Ground Support Equipment Market,' covers the Global Analysis and Forecasts by Power Source (Electric, Hybrid, Non-electric), by End-user (Defense, Commercial), by Application (Military Aircraft Service, Military Cargo Service, Passenger Service [Passenger Boarding Bridges, Cabin Service Vehicles, Passenger Buses, Boarding Stairs, Lavatory Service Vehicles, Bulk Loaders/Conveyors], Commercial Aircraft Service [Hydrant Trucks, Ground Power Units, Deicers, Pre-conditioned Air Units, Fuel Trucks], Commercial Cargo Service [Forklifts, Pushback Tractors, Cargo/Container Loaders]), by Type (Powered Ground Support Equipment, Non-powered Ground Support Equipment), and by Regional Outlook (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa), and Regional Outlook (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

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Triton Market Research's report predicts the global ground support equipment market to showcase a CAGR of 11.43% in terms of revenue over the forecasting duration from 2022 to 2028, generating a revenue worth $9632.39 million by the year 2028.

The efficiency of operations at an airport is influenced largely by the usage of ground support equipment. The emerging use of wireless technologies in these equipment is expected to offer a lucrative growth opportunity to market players over the forecast period. Wireless technology in ground support equipment enables their real-time monitoring. It also increases the reliability of operation. This has majorly helped in fueling the overall growth of the studied market.

However, there are high costs required for installing ground support equipment, which is expected to hinder the growth of the market over the considered duration.

The market for ground support equipment is segmented mainly into power source, end-user, application, and type. On the basis of power source, it is divided into electric, hybrid, and non-electric. The end-user segment is categorized into defense and commercial.

Whereas, the application segment is classified into military aircraft service, military cargo service, passenger service, commercial aircraft service, and commercial cargo service. According to passenger service, the market is segmented into passenger boarding bridges, cabin service vehicles, passenger buses, boarding stairs, lavatory service vehicles, and bulk loaders/conveyors.

The commercial aircraft service segment is categorized further into hydrant trucks, ground power units, deicers, pre-conditioned air units, and fuel trucks. And the commercial cargo service segment is categorized further into forklifts, pushback tractors, and cargo/container loaders.

Lastly, according to type, the market is classified into powered ground support equipment and non-powered ground support equipment.

The market in North America is presently the largest, globally, and is expected to maintain its lead over the projected period. Ground support equipment find applications primarily in the aerospace and defense sectors of the region. The market here is expected to be on the rise owing to the growing air traffic and enhanced government investment to enhance airport infrastructure, along with advancements in technology.

There are numerous expansion plans for airports, and the government is investing heavily in baggage handling systems due to growing cases of baggage mishandling. Further, the booming e-commerce industry is also expected to drive the growth of the ground support equipment market in North America over the coming years.

Air Mak Industries Inc, ITW GSE APS, Charlatte America, Merlinhawk Aerospace, Textron Ground Support Equipment Inc, Rheinmetall AG, Mallaghan, Tronair, Aero Specialties Inc, Weihai Guangtai Airport Equipment Co Ltd, Kalmar Motor AB, JBT Aerotech, Hydro Systems KG, CIMC Tianda Holdings Co Ltd, Mulag Fahrzeugwerk, Cobus Industries GmbH, Cavotec SA, Champion GSE, and TLD Group are the established players in this market.

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Question & Answer: Ground Support Equipment Market

Question 1: What is fueling the growth of the ground support equipment market?
Answer: The efficiency of operations at an airport is influenced largely by the usage of ground support equipment. The emerging use of wireless technologies in these equipment is expected to offer a lucrative growth opportunity to market players over the forecast period. Wireless technology in ground support equipment enables their real-time monitoring. It also increases the reliability of operation. This has majorly helped in fueling the overall growth of the studied market.

Question 2: What factor is expected to hinder the growth of the ground support equipment market?
Answer: There are high costs required for installing ground support equipment, which is expected to hinder the growth of the market over the considered duration.

Question 3: How is the market in North America influencing the growth of the ground support equipment market?
Answer: The market in North America is presently the largest, globally, and is expected to maintain its lead over the projected period. Ground support equipment find applications primarily in the aerospace and defense sectors of the region. The market here is expected to be on the rise owing to the growing air traffic and enhanced government investment to enhance airport infrastructure, along with advancements in technology.

There are numerous expansion plans for airports, and the government is investing heavily in baggage handling systems due to growing cases of baggage mishandling. Further, the booming e-commerce industry is also expected to drive the growth of the ground support equipment market in North America over the coming years.

Question 4: Which are the established players in the ground support equipment market?
Answer: Air Mak Industries Inc, ITW GSE APS, Charlatte America, Merlinhawk Aerospace, Textron Ground Support Equipment Inc, Rheinmetall AG, Mallaghan, Tronair, Aero Specialties Inc, Weihai Guangtai Airport Equipment Co Ltd, Kalmar Motor AB, JBT Aerotech, Hydro Systems KG, CIMC Tianda Holdings Co Ltd, Mulag Fahrzeugwerk, Cobus Industries GmbH, Cavotec SA, Champion GSE, and TLD Group are the established players in this market.

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Global Forklift Truck Market - https://www.tritonmarketresearch.com/reports/forklift-truck-market

The global airway clearance system market is likely to observe growth at a CAGR of 2.00% during the considered phase 2019-2027. It is assessed to acquire $21.01 billion by 2027.

The growth in the e-commerce industry is one of the major factors aiding the growth of the forklift truck market. Customers using e-commerce services expect to receive their ordered products quickly and in perfect condition. This places massive demand on warehouses to pick, pack, and ship the products as quickly as possible, which has raised the demand for material handling equipment.

The e-com service providers offer a broad range of products, and all of these products are stored in their warehouses. These warehouses need to be handled efficiently, and their operations also need to be fast so as to retain and grow their customer base. Therefore, they promise the delivery of products in a specified duration and also promise hassle-free returns & exchange services.

To provide such offerings and services, the operations at various warehouses and distribution centers need to be extremely efficient. This has led to the increase in the demand for forklift trucks, which is expected to bolster the market's growth.

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