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Growing Air Passenger Traffic and Modernization of Aviation Industry to Drive Growth of Global Ground Support Equipment Tires Market

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Published on : Apr 10, 2020

A recent market research report added in the vast research report repository of ResearchMoz talks about the global ground support equipment tires market and its overall working dynamics. This report of the ground support equipment tires mask market offers comprehensive analysis, market shares, key trends, opportunities, and driving and restraining factors that are influencing the growth of the market. Along with in-detail market segmentation, the research report offers key insights and information that are imperative for devising decisive marketing strategies.

Ground support equipment tires are necessary requirement of the global aviation industry. They offer high loading and unloading capacity as well as provide great mobility to the aircraft at the aviation terminal. In addition to this, they act as a vital source of functional energy consumption at the airports. There are different types of ground support equipment available at the airport. Some of the most common ones are passenger boarding bridges, tractors, baggage cars, and lifts among others.

Almost all of such equipment need tires of different specifications. Thus, there is a huge demand for ground support equipment tires that caters to all such requirements. Thus, this growing demand is considered to be one of the key driving factors for the development of the global ground support equipment tires market.

Another important factor that is contributing for the development of the global ground support equipment tires market is the growing number of airports and the upgradation of the existing ones. Such activities or developments are creating a huge demand for these ground support equipment tires and thus helping to push the overall development of the global market. Moreover, they help in cutting down the time lag and improve the overall efficiency. Thus, their demand is only expected to rise in the years to come.

The global air travel industry is only growing each year. With the launch of several different new routes, opening up of new airports, and other development activities, the aviation industry is expected to flourish even more. This development of the global aviation industry is expected to have a direct positive impact on the overall development of the global ground support equipment tires market.

The global ground support equipment tires market is segmented in terms of type, application, and in terms of region. In terms of type of ground support equipment tires, the global market is further segmented into pneumatic tires and solid tires. Of these, the solid tires segment is expected to witness a promising growth in the near future.

In terms of application segment, there are three main segments viz. aircraft service, cargo service, and passenger service. Of these, the segment of aircraft service and passenger service segments are expected to witness a solid growth in the coming years of the forecast period of 2019 to 2025.

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Asia Pacific to Show Promising Growth

From a geographical perspective, the global ground support equipment tires market is divided into five major regional segments. These regional segments are Asia Pacific, Middle East and Africa, Europe, North America, and Latin America. Of these, the global market is currently dominated by the regional segment of North America.

Presence of the highly developed aviation infrastructure and early access to latest technology are some of the key reasons behind the growth of the ground support equipment tires market in North America. On the other hand, the regional segment of Asia Pacific is expected to achieve a promising growth during this given period of forecast. Booming aircraft and air-travel industry in regions is expected to drive the growth of the Asia Pacific region.

Some of the key players in the market are Super Grip Corporation, Trelleborg AB, Ken Jones Tires, and Michelin Group among others.