The global ground service equipment market is 10.21% for the forecast period of 2019-2027

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Oct 22, 2018, 20:00 ET

LONDON, Oct. 22, 2018 /PRNewswire/ --

KEY FINDINGS
The expected CAGR for the global ground service equipment market is 10.21% for the forecast period of 2019-2027. These equipments are used for servicing and maintenance of an aircraft. They are also used for reducing the turnaround time and to increase efficiency and speed.

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MARKET INSIGHTS
Import and export activities around the globe, along with the rise in air traffic and cargo are the primary drivers for ground support equipment market.The ground support equipment market is segmented on the basis of type, end user, component and application.

Among these, the market by component is the dominant market as it generates maximum revenue. The market is further divided into equipment (Greenfield & Brownfield) and MRO.

REGIONAL INSIGHTS
The global market for ground support equipment is geographically segregated into Europe, North America, Asia-Pacific and the rest of the world.The North American market is the largest market for GSE in terms of global market share and revenue.

The success of the North American market is due to the presence of many prominent market players in the region.

COMPETITIVE INSIGHTS
Prominent market players in the North American ground support equipment market are Cavotec SA, Clyde Machines Inc, Alberth Aviation Ltd., Fast Global Solutions Inc, Avia Equipment Pte Ltd and Bgse Group Llc.

Companies mentioned
1. ALBERTH AVIATION LTD.
2. AVIA EQUIPMENT PTE LTD
3. BGSE GROUP, LLC
4. CAVOTEC SA
5. CLYDE MACHINES INC.
6. FAST GLOBAL SOLUTIONS, INC.
7. GATE GSE
8. HYDRO SYSTEM KG
9. JBT CORPORATION
10. MALLAGHAN ENGINEERING LTD
11. MULAG FAHRZEUGWERK GMBH
12. TELEFLEX LIONEL-DUPONT GROUP
13. TRONAIR INC.
14. TUG TECHNOLOGIES (TEXTRON)
15. WEIHAI GUANGTAI AIRPORT EQUIPMENT CO LTD

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