Machinery Equipment-Construction

Ground Support Equipment Market

Global Industry Analysis and Forecast 2024-2031

Pages : 120

Base Year : 2023

Released Year : March 2024

Format :Pdf Ppt Xls

Report ID:KR516

Author : Priyanka V.

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Base Year

2023

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Forecast Year

2024-2031

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Historical Years

2019-2022

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Market Value (2023)

USD 5,646.4 Million

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Forecasted Value (2031)

USD 8,707.1 Million

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CAGR (2024 - 2031)

5.75%

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Fastest Growing Region (2024 - 2031)

Asia Pacific

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Largest Region

North America

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By Equipment

Tugs & Tractors, Pushback Tractors, Passenger Boarding Lift & Steps, Belt Loader, Hi-Lift Loader, Others.

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By Power Source

Diesel, Electric, Hybrid, Others.


Market Perspective

The global Ground Support Equipment Market was valued at USD 5,646.4 million in 2023 and is projected to reach USD 8,707.1 million by 2031, growing at a CAGR of 5.75% from 2024 to 2031.

The ground support equipment market is witnessing significant growth due to the increasing demand for efficient and reliable airport operations. With the rising number of air passengers and cargo transportation, airports are under immense pressure to ensure smooth operations and minimize turnaround time. This has led to a surge in the adoption of advanced ground support equipment that can enhance efficiency and reduce operational costs. In addition, the growing emphasis on passenger safety and comfort has fueled the demand for advanced ground support equipment. For instance, airports are increasingly investing in state-of-the-art baggage handling systems and aircraft de-icing machines to ensure a seamless travel experience for passengers, even when faced with adverse weather conditions. Furthermore, the integration of smart technologies, such as IoT and AI, into ground support equipment has revolutionized airport operations, enabling real-time monitoring and predictive maintenance. As a result, airports can proactively identify and address any potential issues, thereby minimizing delays and improving overall operational efficiency. In addition, the use of advanced biometric systems and facial recognition technology has improved security measures at airports, enhancing passenger safety and reducing the risk of unauthorized access. Moreover, the implementation of automated check-in kiosks and self-service bag drop facilities has streamlined the check-in process, leading to reduced wait times and improved passenger experience. Overall, the continuous advancement of support equipment in airports has significantly transformed the travel experience, making it more convenient, efficient, and secure for all passengers.

Analyst’s Review on Ground Support Equipment Market

The ground support equipment market is expected to witness significant growth in the coming years. This can be attributed to the increasing demand for efficient and reliable ground support equipment in the aviation industry. With the rise in air passenger traffic and the expansion of airport infrastructure, the need for ground support equipment such as aircraft tugs, baggage handling systems, and ground power units has become increasingly crucial.

Furthermore, advancements in technology have led to the development of more advanced ground support equipment that can improve operational efficiency and reduce downtime. For instance, the integration of automation and robotics in baggage handling systems has drastically improved the speed and accuracy of baggage handling, leading to enhanced customer experience.

Additionally, the introduction of electric-powered ground support equipment has not only reduced emissions and noise pollution but has also significantly decreased operational costs for airlines, making them a more sustainable and cost-effective choice. Overall, the growing demand for efficient and reliable ground support equipment in the aviation industry, coupled with technological advancements, is expected to drive the growth of the ground support equipment market in the forthcoming years.

Market Definition

Ground support equipment  (GSE) pertains to the equipment, machinery, and vehicles employed for aiding aircraft operations while on the ground. Its primary purpose is to facilitate the efficient and seamless functioning of airports and airlines globally. GSE covers an extensive array of equipment that caters to various requirements within the aviation industry, encompassing tasks such as aircraft towing, baggage handling, fueling, and maintenance. For instance, aircraft tugs are an essential type of GSE that assist in moving planes safely and efficiently around the airport, while baggage carts and loaders facilitate the loading and unloading of passengers' luggage. Other types of GSE include fuel trucks, responsible for delivering fuel to aircraft for refueling, and deicing trucks, which remove ice and snow from planes during winter.

Furthermore, GSE includes aircraft maintenance equipment, such as ground power units that provide electrical power to aircraft while they are on the ground, and air conditioning units that regulate the temperature inside the plane during maintenance. Overall, the wide range of GSE ensures that airports and airlines can operate smoothly and effectively, thereby enhancing the overall travel experience for passengers.

Market Dynamics

The growing demand for efficient and reliable operations at airports, driven by an increase in passenger and cargo traffic, is fueling the growth of the ground support equipment market. Airports face immense pressure to ensure smooth and timely operations as more people and goods are transported by air. This has resulted in a significant rise in the need for ground support equipment that can handle the growing volume of passengers and cargo. Furthermore, the increasing passenger and cargo traffic has prompted airports to invest in state-of-the-art ground support equipment to enhance safety and productivity. For instance, several airports have started utilizing advanced baggage handling systems that can efficiently handle a large number of bags per hour, reducing delays and ensuring a seamless travel experience for passengers. Additionally, the rising demand for reliable operations has led to the adoption of automated aircraft loading systems, which can load and unload cargo with precision and speed. These advancements not only streamline operations but also minimize the risk of errors and accidents, ultimately improving overall airport efficiency. The incorporation of such apparatus and systems in airports plays a vital role in guaranteeing a seamless and safe journey for all individuals involved, ultimately fueling the growth of the ground support equipment market.

However, the high acquisition and maintenance costs associated with ground support equipment are proving to be a major obstacle to its growth. For instance, airlines are hesitant to invest in new equipment due to the substantial upfront costs involved. Moreover, the ongoing maintenance expenses add a significant burden on their budgets. This financial strain limits the ability of airlines to expand their ground support equipment fleet, thereby hindering their operational efficiency and overall growth in the industry.

Segmentation Analysis

The global ground support equipment market is segmented based on equipment, power source, and geography.

Based on equipment, the ground support equipment market is bifurcated into tugs & tractors, pushback tractors, passenger boarding lift & steps, belt loader, hi-lift loader, and others. Tugs & tractors acquired the largest market share of 27.00% in 2023. This dominance is mainly attributed to its versatility and efficiency in handling a wide range of aircraft. These vehicles are essential for towing aircraft to and from gates, hangars, and runways, making them indispensable in airport operations. Additionally, tugs & tractors are designed to withstand heavy loads and harsh weather conditions, ensuring reliable performance in all situations. Their widespread use across airports worldwide further solidifies their position as the dominant segment in the market. The growth of the segment is driven by their essential role in airport operations, versatility, and reliability. As airports continue to expand and modernize, the demand for these vehicles is expected to grow, further cementing their position as the leading segment in the industry.

Based on power source, the ground support equipment market is bifurcated into diesel, electric, hybrid, and others. The diesel segment witnessed substantial growth in the ground support equipment market with a revenue share of 47.42% in 2023, due to its superior fuel efficiency and robust performance. Diesel engines are known for their high torque output, making them ideal for heavy-duty applications such as towing aircraft and handling cargo. In addition, diesel engines have a longer lifespan and require less maintenance compared to other fuel types, making them a cost-effective choice for airport operators. Overall, the reliability and efficiency of diesel-powered Ground Support Equipment make them the preferred choice in the industry.

Geographical Analysis

Based on region, the global Ground Support Equipment market is classified into North America, Europe, Asia Pacific, MEA, and Latin America.

Ground Support Equipment Market Size & Share, By Region, 2024-2031

North America accounted for the largest market share of 45.13% in 2023, fueled by the presence of major airports in the region, such as Hartsfield-Jackson Atlanta International Airport and Los Angeles International Airport, which have high traffic volumes and require extensive ground support equipment to handle operations efficiently. Additionally, North America is home to a large number of aircraft manufacturers and airlines, leading to a high demand for ground support equipment to support their operations. Furthermore, the region has a strong focus on technological advancements and innovation in the aviation industry, thereby driving the development and adoption of advanced ground support equipment solutions.

Middle East & Africa is likely to witness considerable growth over the forecast period in the ground support equipment market as a result of the increasing number of airports and airlines in the region. With the rise in air traffic and passenger volume, there is a growing demand for efficient ground support equipment to handle the increased workload. Additionally, the region's strategic location as a hub for international travel has fueled the need for advanced ground support equipment to ensure smooth operations and quick turnaround times for flights. As a result, the Middle East & Africa region is emerging as a key market for ground support equipment.

Competitive Landscape

The global ground support equipment market study will provide valuable insights with an emphasis on the fragmented nature of the ndustry. Prominent players are focusing on several key business strategies, such as partnerships, mergers & acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions. Expansion & investments are the major strategic initiatives adopted by companies in this sector. Industry players are investing extensively in R&D activities, building new manufacturing facilities, and supply chain optimization.

The major players in the Ground Support Equipment Market are:

  • AERO SPECIALTIES, INC.
  • Cavotec SA
  • Textron GSE
  • Flightline Support Ltd.
  • GATE GSE
  • Imai Aero-Equipment Mfg. Co. Ltd.
  • JBT Corporation
  • Mallaghan
  • TLD
  • Guangtai

Key Developments

  • February 2023 (Partnership): Envirotech Vehicles, Inc. partnered with Garsite to deliver its first all-electric aircraft refueler to Atlantic Aviation in Colorado.
  • February 2023 (Agreement): Aurrigo International plc signed an agreement with Changi Airport Group (Singapore). This agreement aims to facilitate continued joint testing and development of the company’s advanced autonomous, electric baggage vehicles, Auto-Dolly, Auto-DollyTug, and Auto-Sim, along with its airport simulation software platform.
  • March 20239(Product Launch): WFS and Aena announced the commencement of a trial of automated guided vehicles at Barcelona Airport to move cargo between the warehouse and apron.

The global Ground Support Equipment Market is segmented as:

By Equipment

  • Tugs & Tractors
  • Pushback Tractors
  • Passenger Boarding Lift & Steps
  • Belt Loader
  • Hi-Lift Loader
  • Others

By Power Source

  • Diesel
  • Electric
  • Hybrid
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
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  • Check Icon Additional Company Profiles
  • Check Icon Additional Countries
  • Check Icon Cross Segment Analysis
  • Check Icon Regional Market Dynamics
  • Check Icon Country-Level Trend Analysis
  • Check Icon Competitive Landscape Customization
  • Check Icon Extended Forecast Years
  • Check Icon Historical Data Up to 5 Years
Frequently Asked Questions (FAQ's)
The global ground support equipment market is projected to reach USD 8,707.1 million by 2031, growing at a CAGR of 5.75% from 2024 to 2031.
The global ground support equipment market was valued at USD 5,646.4 million in 2023.
The major driving factor for the market growth is increasing number of air passengers, and expansion in airports.
Top manufacturers of ground support equipment market are AERO SPECIALTIES, INC., Cavotec SA, Textron GSE, Flightline Support Ltd., GATE GSE, Imai Aero-Equipment Mfg. Co. Ltd., JBT Corporation, Mallaghan, TLD, and Guangtai, among others.
Asia-Pacific is expected to register highest CAGR of 6.58% over the forecasted period (2024-2031).
By equipment segment, tugs & tractors segment will hold the maximum share of 27.91% in the ground support equipment market in the forecast period.
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