The global ground support equipment market is projected to grow from USD 4.0 billion in 2020 to USD 10.2 billion by 2025, at a CAGR of 20.7% from 2020 to 2025.
2. Scope of The Report
Research report categorizes the Ground Support Equipment Market based on Type,
Power Source, Application, Component & by region.
And More…
By Type
• Mobile Gse
• Fixed Gse
By Power Source
• Non-Electric
• Electric
• Hybrid
By Application
• Commercial
• Military
3. COVID-19 impact on the Ground Support Equipment Market
• According to the Airport International Council (ACI) analysis, the impact of COVID-19 on the air
port business will result in a 58.4% reduction in passenger volumes in 2020 compared to 2019.
The airport industry is anticipating a 60% reduction in revenue as compared to the pre- COVID-
19 projected baseline. The substantial decline in passenger and air traffic is expected to impact
the demand for legacy equipment in the short term.
• Although orders were placed before the COVID-19 crisis, the delay in equipment deployment an
d installation will affect the equipment supplier business considerably. The spread of COVID- 19
in the US and EU is expected to have a negative impact due to lockdowns at manufacturing faci
lities. For instance, GSE manufacturer Vestergaard Company, based in Denmark, slowed down
manufacturing post Easter 2020
• The suspension of commercial travel with lockdowns in major geographies such as Australia, th
e UK, India, Qatar, the UAE, etc., is expected to affect airport operations significantly.
4. Key Segments
The ground support equipment market in the North American region is expected
to witness substantial growth during the forecast period due to increased deman
d for ground support equipment from airports of these regions.
The growth of the market across the globe can be attributed to risin
g demand for electric ground support equipment, increasing wareh
ouse operations at airports, and ongoing expansions of airports to c
ater to the rising global air passenger traffic.
Browse 353 market data Tables and 57 Figures spread through 347
Pages and in-depth TOC on "Ground Support Equipment Market - G
lobal Forecast to 2025"
The electric segment is projected to grow at the highest CAGR during
the forecast period.
The global ground support equipment market is projected to grow from
USD 4.0 billion in 2020 to USD 10.2 billion by 2025, at a CAGR of 20.7%
from 2020 to 2025.
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5. 2025
Market Size of
$4.0 Billion
Market Size of
$10.2 Billion
2020
CAGR of 20.7%
Ground Support Equipment Market Ecosystem
6. Key Vendors
Vendors
View Report Here - https://www.marketsandmarkets.com/Market-Reports/aircraf
t-ground-handling-system-market-264041553.html
• Cavotec SA (Switzerland)
• Advanced Charging Technologies (US)
• Minit Charger (US)
• CIMC Group (China)
• Thyssenkrupp AG (Germany)
• Adelte Group (Spain)
• Exide Technologies (US)
7. Top Region..
• North America
• Europe
• Asia Pacific
• Middle East
• ROW
View Report Here - https://www.marketsandmarkets.com/Market-Reports/aircraft-ground-handling-syst
em-market-264041553.html
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3. What will your New Revenue Sources be?
4. Which regions will offer the most promising opportunities?
5. Who are the leading players in this market? What strategies are they adopting to stay ahead of
competition?
6. How will the market shape up in next five years? competition?
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