05 September 2019
Visiongain has launched a new packaging report Ground Support Equipment Market Report 2019-2029: Forecasts by Application (Aircraft, Cargo, Passenger), by Type (Powered GSE, Non-powered GSE) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global ground support equipment market is expected to present promising growth opportunities during the forecast period. Some of the key factors that are driving the market include upsurge in terminal modernization & expansions, rise in air-traffic & cargo, increase in the number of aircraft deliveries worldwide, and rising number of passengers. However, the need for huge capital investment may pose as a major restraint for the market. The ground support equipment market can be segmented based on type, application, and region.
There have been significant improvements made by airports so as to reduce the turnaround time by increasing the operating efficiency. The emergence of underground support equipments (underground GSE) has reduced congestion at the airport and improved the speed of operations. High service standards and increasing usage of wireless technology are protected to drive the market. The growing number of air passengers and transportation of cargo has led to increased adoption of advanced GSEs. The authoritative bodies are increasingly focusing on procuring eco-friendly GSE that adheres to the stringent emission regulations established by the governments.
The key companies operating in the ground support equipment market are JBT Corporation, Tug Technologies Corporation (Textron GSE), Weihai Guangtai Airports Equipment Co., Ltd., Mallaghan Engineering, Ltd., Teleflex Lionel-Dupont (TLD), and MULAG Fahrzeugwerk. Some of the other companies operating in the market include Rheinmetall AG, ITW GSE, AERO Specialties, Inc., Cavotec SA, GATE GSE, Tronair, Imai Aero-Equipment Mfg. Co. Ltd., Flightline Support Ltd., Douglas Equipment Ltd., Cisco Systems, Inc., Plug Power, Inc., ACCESSAIR Systems, Inc., Jazz Aviation, Air Canada, DESKO GmbH, and Airbus SAS. These companies are adopting various strategies such as new product development, mergers and acquisitions, worldwide expansions, partnerships, and agreements so as to increase their presence in the global market and gain a competitive advantage.
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