The global ground support equipment market reached a value of US$ 13.11 billion in 2021. Looking forward, the market is projected to reach a value of US$ 22.0 billion by 2027, exhibiting a CAGR of 8.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Ground support equipment (GSE) refers to an advanced support equipment, which is specifically designed for supporting and optimizing aircraft operations at airports. It comprises airplane push-back, hook-up, forklifts, carts, air-conditioning, container loaders, and light-duty trucks that are used for towing, powering, and servicing purposes. GSE enables technician and ground crew to check the condition of the aircraft before the take-off, ensuring mobility, and handling baggage. This, in turn, aids in enhancing operational efficiency, addressing and resolving aircraft-related issues instantly, and generating a long-term return of investments (ROI) by minimizing additional operational expenses. At present, GSE relies on non-electric, electric, and hybrid power sources.
The increasing warehouse operations, along with the constant upgradations at airports, such as the establishment of new terminals, gates, and passenger service equipment, is primarily driving the ground support equipment market growth. This can be attributed to the rising air passenger traffic and the growing need to support safer aircraft operations. In line with this, the rising environmental consciousness has led governments of various countries to considerably invest in green initiatives, such as the procurement of maintenance, repair, and overhaul (MRO) and green GSE for inhibiting the release of greenhouse gas (GHG) emissions. This, in turn, is acting as another major growth-inducing factor. Additionally, significant technological advancements, including the introduction of collaborative decision-making (CDM) tools to enhance operational efficiency and improve the planning process are contributing to the market growth. Other factors, such as escalating number of air travels and the refurbishment of GSE products to fuel aircraft turnaround, eliminate additional costs, and mitigate congestion and overall delays, are creating a positive outlook for the market.
This report provides an analysis of the key trends in each sub-segment of the global ground support equipment market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, power source and application.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aero Specialties Inc., Aeroservices Ltd., Cavotec SA, Curtis Instruments Inc., ITW GSE, Jalux Inc., John Bean Technologies Corporation, Mallaghan, Rheinmetall Aktiengesellschaft, Textron Ground Support Equipment Inc. (Textron Inc.), TLD Group (Alvest Group) and Weihai Guangtai Airport Equipment Co. Ltd.
Ground support equipment (GSE) refers to an advanced support equipment, which is specifically designed for supporting and optimizing aircraft operations at airports. It comprises airplane push-back, hook-up, forklifts, carts, air-conditioning, container loaders, and light-duty trucks that are used for towing, powering, and servicing purposes. GSE enables technician and ground crew to check the condition of the aircraft before the take-off, ensuring mobility, and handling baggage. This, in turn, aids in enhancing operational efficiency, addressing and resolving aircraft-related issues instantly, and generating a long-term return of investments (ROI) by minimizing additional operational expenses. At present, GSE relies on non-electric, electric, and hybrid power sources.
Ground Support Equipment Market Trends
The increasing warehouse operations, along with the constant upgradations at airports, such as the establishment of new terminals, gates, and passenger service equipment, is primarily driving the ground support equipment market growth. This can be attributed to the rising air passenger traffic and the growing need to support safer aircraft operations. In line with this, the rising environmental consciousness has led governments of various countries to considerably invest in green initiatives, such as the procurement of maintenance, repair, and overhaul (MRO) and green GSE for inhibiting the release of greenhouse gas (GHG) emissions. This, in turn, is acting as another major growth-inducing factor. Additionally, significant technological advancements, including the introduction of collaborative decision-making (CDM) tools to enhance operational efficiency and improve the planning process are contributing to the market growth. Other factors, such as escalating number of air travels and the refurbishment of GSE products to fuel aircraft turnaround, eliminate additional costs, and mitigate congestion and overall delays, are creating a positive outlook for the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global ground support equipment market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, power source and application.
Breakup by Type:
- Powered Ground Support Equipment
- Non-Powered Ground Support Equipment
Breakup by Power Source:
- Electric
- Non-Electric
- Hybrid
Breakup by Application:
- Aircraft Handling
- Passenger Handling
- Cargo Handling
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aero Specialties Inc., Aeroservices Ltd., Cavotec SA, Curtis Instruments Inc., ITW GSE, Jalux Inc., John Bean Technologies Corporation, Mallaghan, Rheinmetall Aktiengesellschaft, Textron Ground Support Equipment Inc. (Textron Inc.), TLD Group (Alvest Group) and Weihai Guangtai Airport Equipment Co. Ltd.
Key Questions Answered in This Report
- How has the global ground support equipment market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global ground support equipment market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the power source?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global ground support equipment market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Ground Support Equipment Market
What is the estimated value of the Global Ground Support Equipment Market?
What is the growth rate of the Global Ground Support Equipment Market?
What is the forecasted size of the Global Ground Support Equipment Market?
Who are the key companies in the Global Ground Support Equipment Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 13.11 Billion |
| Forecasted Market Value ( USD | $ 22 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Ground Support Equipment Market
6 Market Breakup by Type
7 Market Breakup by Power Source
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aero Specialties Inc.
- Aeroservices Ltd.
- Cavotec SA
- Curtis Instruments Inc.
- ITW GSE
- Jalux Inc.
- John Bean Technologies Corporation
- Mallaghan
- Rheinmetall Aktiengesellschaft
- Textron Ground Support Equipment Inc. (Textron Inc.)
- TLD Group (Alvest Group)
- Weihai Guangtai Airport Equipment Co. Ltd
Methodology
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