Ground Support Equipment Market Expected to $24.69 Billion by 2022

GROUND SUPPORT EQUIPMENT MARKET GROUND SUPPORT EQUIPMENT MARKET BY TYPE (ELECTRIC, NONELECTRIC, HYBRID), APPLICATION (PASSENGER SERVICE, COMMERCIAL & MILITARY CARGO, AIRCRAFT SERVICE), END USE (COMMERCIAL, DEFENSE), COMPONENT (EQUIPMENT, MRO), AND REGION - GLOBAL FORECAST TO 2022

The report "Ground Support Equipment Market by Type (Electric, Non-Electric, Hybrid), Application (Passenger Service, Commercial & Military Cargo, Aircraft Service), End Use

(Commercial, Defense), Component (Equipment, MRO), and Region - Global Forecast to 2022", The ground support equipment market is projected to grow from USD 14.16 Billion in 2017 to USD 24.69 Billion by 2022, at a CAGR of 11.76% during the forecast

period.

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â– The electric GSE segment projected to witness the highest growth during the forecast period

Based on type, the electric GSE segment is projected to witness the highest growth during the forecast period. The GSE manufacturers are focusing on clean, green, and energy efficient technologies to cater the demand for electric GSE. Innovations in the ground support equipment market have led to the development of operationally efficient, environmentally clean, and economically viable solutions. â– The passenger service segment to account for the largest market share in 2017 Based on application, the passenger service segment is estimated to account for the largest market share in 2017. This is due to the increase in investments in airport infrastructure, which is expected to drive the demand for such equipment. For instance, most airports in North American, Asia Pacific, and Middle Eastern countries are heavily investing in developing and upgrading their airports to facilitate the increasing demand for ground operations due to the increasing air passenger and freight traffic.

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