Ground Support Equipment Market Size, Share, Trends, Outlook & Forecast By 2025
Scope of The Report
Research report categorizes the Ground Support Equipment Market based on T
ype, Power Source, Application, Component & by region.
• Mobile Gse
• Fixed Gse
By Power Source
COVID-19 impact on the Ground Support Equipment Market
• According to the Airport International Council (ACI) analysis, the impact of COVID-19 on the air
port business will result in a 58.4% reduction in passenger volumes in 2020 compared to 2019.
The airport industry is anticipating a 60% reduction in revenue as compared to the pre- COVID-
19 projected baseline. The substantial decline in passenger and air traffic is expected to impact
the demand for legacy equipment in the short term.
• Although orders were placed before the COVID-19 crisis, the delay in equipment deployment an
d installation will affect the equipment supplier business considerably. The spread of COVID- 19
in the US and EU is expected to have a negative impact due to lockdowns at manufacturing faci
lities. For instance, GSE manufacturer Vestergaard Company, based in Denmark, slowed down
manufacturing post Easter 2020
• The suspension of commercial travel with lockdowns in major geographies such as Australia, th
e UK, India, Qatar, the UAE, etc., is expected to affect airport operations significantly.
The ground support equipment market in the North American region is expected
to witness substantial growth during the forecast period due to increased deman
d for ground support equipment from airports of these regions.
The growth of the market across the globe can be attributed to risin
g demand for electric ground support equipment, increasing wareh
ouse operations at airports, and ongoing expansions of airports to c
ater to the rising global air passenger traffic.
Browse 353 market data Tables and 57 Figures spread through 347
Pages and in-depth TOC on "Ground Support Equipmen