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Global Ground Support Equipment Market to Cross $24 Billion by 2021, Says TechSci Research

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.

New York, NY, April 21, 2017 --( 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"

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.

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
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of 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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