{"id":577232,"date":"2021-11-30T12:38:01","date_gmt":"2021-11-30T12:38:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=577232"},"modified":"2021-11-30T12:38:01","modified_gmt":"2021-11-30T12:38:01","slug":"airport-ground-support-vehicles-market-tremendous-growth-in-asia-exclusive-report-by-mordor-intelligence","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/airport-ground-support-vehicles-market-tremendous-growth-in-asia-exclusive-report-by-mordor-intelligence_577232.html","title":{"rendered":"Airport Ground Support Vehicles Market Tremendous Growth in Asia – Exclusive Report by Mordor Intelligence"},"content":{"rendered":"
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Mordor Intelligence<\/div>\n<\/div>\n<\/div>\n
The Asian region is expected to register the highest growth rate in terms of air passenger traffic. The congestion-related delays are increasing at most Asian hubs. The expansion of airports in major cities with huge passenger traffic has created an opportunity for the manufacturers to introduce and offer their advanced ground support vehicles.<\/div>\n

Airport Ground Support Vehicles Market Overview<\/strong><\/p>\n

The ground support vehicles market is forecasted to grow at a CAGR of more than 5% during the forecast period (2021-2026). The ground support vehicles market is driven by the increasing demand to enhance the operational efficiency of the airports witnessing an increase in cargo and passenger traffic. The availability of equipment leasing options, like that of aircraft engines, also makes this a lucrative investment wherein a particular CAPEX is capable of reaping long-term benefits. However, the sophisticated nature of the equipment renders the market too capital intensive to operate in and the short technological lifecycle of such products means a current flagship product wherein a huge chunk of money has been invested may be outdated within a short span of time, or maybe superseded by a competitive product with similar or better performance characteristics at the same or even lower price point. Innovations in existing electric and diesel ground support equipment are envisioned to offer growth opportunities for the manufacturers of this equipment.<\/p>\n

Download a free sample here –<\/strong> Airport Ground Support Vehicles Market<\/a><\/p>\n

Airport Ground Support Vehicles Market – Geographical Overview<\/strong><\/p>\n

The Asia-Pacific region is expected to generate the highest demand for airport ground support vehicles market during the forecast period.<\/strong><\/p>\n

Asia’s rapid growth in the commercial aviation sector has positioned the region as the largest and fastest-growing in the world. The region is expected to register the highest growth rate in terms of air passenger traffic. However, aviation infrastructure is not keeping pace with this growth. Several airports in Asia are already operating above their planned capacity. Consequently, congestion-related delays are increasing at most Asian hubs. In order to cope with the rising demand for air travel, several airports in the Asia-Pacific region are significantly investing in enhancing their airport infrastructure. Several airport construction and expansion projects are currently underway in countries, like India, China, the Philippines, Vietnam, and Australia. The expansion of airports in major cities with huge passenger traffic has created an opportunity for the manufacturers to introduce and offer their advanced ground support vehicles.<\/p>\n

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