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Ground Support Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 143 Pages
  • April 2022
  • Region: Global
  • IMARC Group
  • ID: 5577926
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.

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?

The Global Ground Support Equipment Market was estimated to be valued at $13.11 Billion in 2021.

What is the growth rate of the Global Ground Support Equipment Market?

The growth rate of the Global Ground Support Equipment Market is 9.0%, with an estimated value of $22 Billion by 2027.

What is the forecasted size of the Global Ground Support Equipment Market?

The Global Ground Support Equipment Market is estimated to be worth $22 Billion by 2027.

Who are the key companies in the Global Ground Support Equipment Market?

Key companies in the Global Ground Support Equipment Market include Aero Specialties Inc., Aeroservices Ltd., Cavotec SA, Curtis Instruments Inc., ITW GSE, Jalux Inc., John Bean Technologies Corporation, Mallaghan and Textron Ground Support Equipment Inc. (Textron Inc.).

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Ground Support Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Powered Ground Support Equipment
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Non-Powered Ground Support Equipment
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Power Source
7.1 Electric
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Non-Electric
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hybrid
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Aircraft Handling
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Passenger Handling
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Cargo Handling
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Aero Specialties Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Aeroservices Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Cavotec SA
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Curtis Instruments Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 ITW GSE
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Jalux Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 John Bean Technologies Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Mallaghan
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Rheinmetall Aktiengesellschaft
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Textron Ground Support Equipment Inc. (Textron Inc.)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 TLD Group (Alvest Group)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Weihai Guangtai Airport Equipment Co. Ltd
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
List of Figures
Figure 1: Global: Ground Support Equipment Market: Major Drivers and Challenges
Figure 2: Global: Ground Support Equipment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Ground Support Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Ground Support Equipment Market: Breakup by Type (in %), 2021
Figure 5: Global: Ground Support Equipment Market: Breakup by Power Source (in %), 2021
Figure 6: Global: Ground Support Equipment Market: Breakup by Application (in %), 2021
Figure 7: Global: Ground Support Equipment Market: Breakup by Region (in %), 2021
Figure 8: Global: Ground Support Equipment (Powered Ground Support Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Ground Support Equipment (Powered Ground Support Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Ground Support Equipment (Non-Powered Ground Support Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Ground Support Equipment (Non-Powered Ground Support Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Ground Support Equipment (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Ground Support Equipment (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Ground Support Equipment (Non-Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Ground Support Equipment (Non-Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Ground Support Equipment (Hybrid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Ground Support Equipment (Hybrid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Ground Support Equipment (Aircraft Handling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Ground Support Equipment (Aircraft Handling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Ground Support Equipment (Passenger Handling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Ground Support Equipment (Passenger Handling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Ground Support Equipment (Cargo Handling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Ground Support Equipment (Cargo Handling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia-Pacific: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia-Pacific: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: Ground Support Equipment Market: Breakup by Country (in %), 2021
Figure 72: Middle East and Africa: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Global: Ground Support Equipment Industry: SWOT Analysis
Figure 74: Global: Ground Support Equipment Industry: Value Chain Analysis
Figure 75: Global: Ground Support Equipment Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Ground Support Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Ground Support Equipment Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Ground Support Equipment Market Forecast: Breakup by Power Source (in Million US$), 2022-2027
Table 4: Global: Ground Support Equipment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Ground Support Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Ground Support Equipment Market: Competitive Structure
Table 7: Global: Ground Support Equipment Market: Key Players

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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