The rise in air traffic both in terms of passengers and cargo is driving the demand in the ground support equipment (GSE) market. According to the projections in this report, the ground support equipment market has been estimated to be worth $12.22 billion in 2016, and is expected to reach $19.44 billion by 2021, at a CAGR of 9.72%. Factors that drive the global ground support equipment market include rise in passenger traffic and increasing focus towards enhancing operational efficiency by airports. Complete report on ground support equipment market spread across 153 pages, profiling 10 companies and supported with 67 tables and 48 figures is now available at http://www.rnrmarketresearch.com/aircraft-ground-handling-system-market-passenger-ground-handling-equipment-cargo-ground-handling-equipment-aircraft-ground-handling-equipment-by-product-application-geography-global-forecast-market-report.html .
The APAC region is expected to exhibit the highest growth rate in the ground support equipment market during the forecast period from 2016 to 2021. The Asia-Pacific region to offer significant opportunities for growth. This growth in air transport in the Asia-Pacific region can be attributed to increase in government spending for airport infrastructure development and growing GDP of the region.
In ground support equipment market, passenger service segment to witness the highest growth during the forecast period. The ground support equipment market has been segmented based on application into passenger, cargo, and aircraft service equipment wherein, the passenger service equipment segment dominates the studied market, and is expected to continue its dominance over the next 5 years, primarily driven by the increase in passenger traffic and airports continually striving to cater to the subsequent demand for passenger service equipment.
Key Target Audience:
- Ground Support Equipment Manufacturers
- Original Equipment Manufacturers
- Sub-component Manufacturers
- Technology Support Providers
The major companies profiled in ground support equipment market report include JBT Corporation (U.S.), Cavotec SA (Switzerland), Teleflex Lionel-Dupont (France), Toyota Industries Corp.(Japan), and Tug Technologies Corporation (U.S.). Order a copy of “Ground Support Equipment Market by Application (Passenger, Cargo & Aircraft), By Type (Non-Electric, Electric & Hybrid), and by Geography (North America, Europe, Asia-Pacific, Middle East & Row) - Global Forecast To 2021” research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=153503 .
JBT Corporation (U.S.): One of the key players in the ground support equipment market. The electric ground service equipment segment is expected to grow the highest during the forecast period. The global ground support equipment market has been segmented and analyzed in terms of three types of equipment, which include non-electric, electric, and hybrid wherein, the electric segment dominates the overall market, and is expected to exhibit a similar trend during the next 5 years.
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (35%), Directors level (25%) and others (40%) from various key organizations operating in the ground support equipment market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (20%), APAC (30%), and RoW (5%).
On a related note, another research titled Commercial Baggage Handling System Market Global Forecast to 2020 says, the market size of the baggage handling system market is estimated at USD 6.45 billion in 2015 and is projected to grow at a CAGR of 7.72%, to reach USD 9.36 billion by 2020 during the forecast period. The Asia-Pacific region is expected to exhibit the highest growth rate in the baggage handling system market, and is growing at a CAGR of 8.26% during the forecast period from 2015 to 2020. Companies like Siemens AG (Germany), Vanderlande Industries (Netherland), Daifuku Company Ltd (Japan), Pteris Global Limited (Singapore), Beumer Group (Germany), Grenzebach Maschinenbau GMBH (Germany), BCS Group (New Zealand), Logplan LLC (U.S.), G&S Airport Conveyor (U.S.), and Fives Group (France) have been profiled in this 153 pages research report available at http://www.rnrmarketresearch.com/global-commercial-airport-baggage-handling-systems-market-2012-2017-market-report.html .
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