Global Ground Support Equipment Market to Cross $24 Billion by 2021
Growing
airport infrastructure-based developments, increasing air passenger traffic and
rising trend of Low Cost Carrier (LCC) airlines to drive global ground support
equipment market through 2021
According to
a TechSci Research report, “Global
Ground Support Equipment Market By Type,
By Application, By Region, Competition Forecast & Opportunities, 2011 – 2021”, the global ground support equipment market
is anticipated to cross $ 24 billion by 2021, on account of several new
greenfield airport developments coupled with expansion of existing ones, in
order to accommodate expanding global air passenger traffic. Moreover, surging
demand for Low Cost Carrier (LCC) airlines and declining fuel prices are
expected to positively influence global
ground support equipment market over the next five years.
Browse 20
market data Tables and 60 Figures spread through 181 Pages and an
in-depth TOC on "Global
Ground Support Equipment Market"
https://www.techsciresearch.com/report/global-ground-support-equipment-market-by-type-electrical-vs-non-electrical-by-application-aircraft-passenger-cargo-others-by-region-north-america-europe-asia-pacific-etc-competition-forecast-opportunities/948.html
According
to the International Air Transport Association (IATA), the trade association
for the world's airlines, airlines safely carried 3.6 billion passengers — the
equivalent of 48% of the Earth’s population — and transported 52.2 million
tonnes of cargo worth around USD6 trillion in 2015. Rising passenger traffic as
well as cargo is augmenting demand for ground support equipment in order to handle passengers, cargo
and aircraft to support their ground level mobility, and this trend is
expected to continue over the next five years as well.
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North
America is the largest consumer of ground support equipment across the globe,
however, Asia-Pacific is expected to witness fastest growing through 2021. “Non-electric GSE dominated global ground support
equipment (GSE) market in 2015. Although the segment is anticipated to maintain
its dominance in global GSE market during forecast period, the segmental share
is anticipated to decline in the coming years due to growing demand for
emission-free ground support equipment, owing to increasing environmental
concerns.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Global Ground Support Equipment Market By Type, By Application, By
Region, Competition Forecast & Opportunities, 2011 – 2021” has evaluated the future growth potential of global
ground support equipment market and provided statistics and information on
market structure, industry behaviour and trends. The report includes market
projections and demand forecasting. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes emerging trends
along with essential drivers, challenges and opportunities available in the global
ground support equipment market.
About TechSci Research
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serving clients across 11 different industrial verticals. TechSci Research
specializes in research based consulting assignments in high growth and
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more than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking global and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
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