“Airport Ground Support Vehicles Market (By Ground Support Equipment Vehicle – Non-Powered, Powered. By Application – Passenger, Freight) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2025,”in terms of revenue, the Airport Ground Support Vehicles market was valued at US$ 12.3 Bn in 2016, and is expected to reach US$ 26.7 Bn by 2025, expected to grow at a CAGR of 9.0% from 2017 to 2025.
Rise in number of airports and passenger boosted the growth
Airport Ground Support Vehicles or can be named as aircraft ground support equipment and vehicles. The vehicles transport the cargo or freight and passengers. In airports, this kind of vehicles enable the movement of aircraft and also handle tasks such as aircraft refueling, maintenance and others. The vast range of activities that is associated with ground operation of aircraft leads to an equally vast-ranging fleet of Airport Ground Support Vehicles or ground support equipment vehicle. The tasks include cargo loading and unloading, passenger boarding and deboarding, aircraft refueling, engine maintenance and fuselage examination, potable water storage to name a few.. Specially designed GSE or Airport Ground Support Vehicles are employed to support all of these operations.Airport Ground Support Vehicles market has been growing at a healthy pace over the years due to increasing number of airport development projects around the world.The recent rise in number of airlines and airports is driving the demand for Airport Ground Support Vehicles or ground support equipment vehicle.Thus,the Airport Ground Support Vehicles operation is expected to augment the market growth during the forecast period 2017-2025.