According to the new research by MarketsandMarkets – the ground service equipment (GSE) market is set to grow strongly in 2019.
The report Ground Support Equipment Market by Type, the GSE is projected to grow from US$7.5 billion in 2019 to $9.7 billion by 2025, at a CAGR of 4.45 per cent from 2019 to 2025.
The growth of the market across the globe the report said can be attributed to rising demand for electric ground support equipment, increasing warehouse operations at airports, and ongoing expansions of airports to cater to the rising global air passenger traffic.
The leading markets for GSE growth are forecasted to be the USA and Asia Pacific.
Major players in the GSE market are JBT Corporation (US), Teleflex Lionel-Dupont (TLD) (France), Mallaghan (UK), Tug Technologies Corporation (Textron GSE) (US), Tronair (US), MULAG Fahrzeugwerk (Germany), Guangtai (China), Rheinmetall AG (Germany), ITW GSE (Denmark), and Cavotec (Switzerland).