“MARKET FOR GROUND SUPPORT EQUIPMENT”

According to Inkwood Research estimates, the global ground support equipment market will grow at a CAGR of 11.42% in terms of revenue during the forecast years 2022-2030.

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Ground support equipment includes service and maintenance equipment used at an airport to support flight operations, in addition to other related activities. Baggage haulers, cargo loaders, belt loaders, forklifts, toilet trucks, tank trucks, and pushback tractors are among the main types of automobiles classified as ground support equipment.

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Increasing air traffic to facilitate market growth

The increase in passenger and cargo air traffic has resulted in an increased number of airlines in the airspace. Airlines around the world are also investing in increasing the size of their passenger and commercial aircraft fleets.

On the other hand, in addition to job creation, governments have benefited from this development primarily in the form of taxes. Therefore, several governments are investing in expanding the capacity of existing airports through the use of new technology and the construction of new airports, thereby streamlining operations and minimizing the cost of accommodating air traffic. Therefore, the growth of air traffic will increase the capacity of ground support equipment and personnel, and consequently strengthen the prospects of ground support equipment suppliers.

Non-Powered Ground Support Equipment is the leading type

Non-powered ground equipment…