Overview and Scope
Ground support equipment (GSE) refers to the equipment and machinery used to support aircraft during ground operations. The purpose of GSE is to facilitate efficient and safe ground handling of aircraft, enabling maintenance, passenger boarding, and cargo loading and unloading.
Sizing and Forecast
The ground support equipment market size has grown strongly in recent years. It will grow from $8.54 billion in 2023 to $9.32 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to globalization impact, demand for innovative features, airport infrastructure expansion, safety and ergonomics improvements, environmental regulations.
The ground support equipment market size is expected to see strong growth in the next few years. It will grow to $13.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to green initiatives and regulations, smart and iot-enabled equipment, focus on safety and ergonomics, upgradation and replacement cycles, integration of autonomous. Major trends in the forecast period include electric and hybrid gse adoption, smart gse solutions, focus on autonomous gse, sustainable and eco-friendly solutions, modular and customizable equipment.
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Segmentation & Regional Insights
The ground support equipment market covered in this report is segmented –
1) By Type: Powered Ground Support Equipment, Non-Powered Ground Support Equipment
2) By Power Source: Non-Electric Ground Support Equipment, Electric Ground Support Equipment, Hybrid Ground Support Equipment, Fuel Cell Vehicle (FCV), Advanced Ground Support Equipment
3) By Platform: Commercial, Military
4) By Application: Aircraft Handling, Passenger Handling, Cargo Handling
North America was the largest region in the ground support equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the ground support equipment market report during the forecast period. The regions covered in the ground support equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing number of air passengers and cargo transportation are expected to propel the ground support equipment market going forward. An air passenger refers to a person who travels by air, typically on a commercial airline, as a means of transportation whereas cargo transportation refers to the movement of goods from one place to another. Ground support equipment plays a crucial role in optimizing processes such as fueling aircraft, handling baggage and loading and unloading cargo making it easier to manage the increased volume of aircraft, passengers and cargo. For instance, in September 2022, according to the International Air Transport Association (IATA), the Canada-based world airline trade organization, the overall passenger traffic increased by 57.0% compared to September 2021. On a global scale, the traffic level has reached 73.8% compared to September 2019, whereas international passenger traffic also witnessed a significant increase of 122.2% compared to September 2021. Therefore, a significant increase in the number of air passengers and cargo transportation is driving the ground support equipment market.
Key Industry Players
Major companies operating in the ground support equipment market are increasing their focus on introducing advanced electric ground support vehicles to gain a competitive edge in the market. Advanced electric ground support vehicles are cutting-edge, eco-friendly transportation solutions designed to enhance efficiency and sustainability in aviation operations on the ground. For instance, in October 2023, Webasto, a Germany-based company that provides charging systems, partnered with JBT AeroTech, a US-based company, to launch the AmpCart. The AmpCart is a towable charging station that is specifically designed for electric airport ground support equipment (GSE). This innovative charging station is equipped with Webasto’s advanced MVS chargers, enabling electric GSEs to access power anywhere on the ramp. The AmpCart sets a new standard for GSE electrification by providing a highly efficient and cost-effective solution for the ground support equipment industry. This innovative charging station aims to revolutionize the GSE industry by providing unparalleled convenience and supporting the industry’s commitment to reducing CO2 emissions at airports.
The ground support equipment market report table of contents includes:
- Executive Summary
- Ground Support Equipment Market Characteristics
- Ground Support Equipment Market Trends And Strategies
- Ground Support Equipment Market – Macro Economic Scenario
- Global Ground Support Equipment Market Size and Growth
- Ground Support Equipment Market Segmentation
- Ground Support Equipment Market Regional And Country Analysis
…………
- Key Mergers And Acquisitions In The Ground Support Equipment Market
- Ground Support Equipment Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Ground Support Equipment Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Ground Support Equipment Market, Segmentation By Power Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Ground Support Equipment Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………….
Table 75: John Bean Technologies (JBT) Corporation Financial Performance
Table 76: Rheinmetall AG Financial Performance
Table 77: Textron Ground Support Equipment Inc. Financial Performance
Table 78: Weihai Guangtai Airport Equipment Co. Ltd. Financial Performance
Table 79: Mallaghan Engineering Ltd. Financial Performance
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