Global Ground Support Equipment (GSE) Market is Expected to Grow at 10.21% CAGR by 2027
KEY
FINDINGS
The expected CAGR for the
global ground service equipment market is 10.21% for the forecast period of
2019-2027. These equipments are used for
servicing and maintenance of an aircraft. They are also used for reducing the turnaround time and to increase
efficiency and speed.
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MARKET
INSIGHTS
Import and export activities
around the globe, along with the rise in
air traffic and cargo are the primary drivers for ground support equipment
market. The ground support equipment market is segmented on the basis of type,
end user, component and application. Among these, the market by component is the dominant market as it
generates maximum revenue. The market is further divided into equipment
(Greenfield & Brownfield) and MRO.
REGIONAL
INSIGHTS
The global market for ground support equipment is geographically segregated into Europe, North America,
Asia-Pacific and the rest of the world. The North American market is the largest market for GSE in terms of global market share and revenue. The success
of the North American market is due to the presence of many prominent market
players in the region.
COMPETITIVE
INSIGHTS
Prominent market players in
the North American ground support equipment market are Cavotec SA, Clyde
Machines Inc, Alberth Aviation Ltd., Fast Global Solutions Inc, Avia Equipment
Pte Ltd and Bgse Group Llc.
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