Ground Support Equipment Market to Showcase Significant Growth Via Mobile Ground Support Equipment Segment By 2025

Based on the type, the ground support equipment market is bifurcated into mobile and fixed equipment. The mobile ground support equipment will showcase significant growth owing to the higher requirement for such equipment including cabin service vehicles, passenger buses, aircraft fueling trucks, and lavatory vehicles for improving in-flight experience. Moreover, increasing investments from government organizations and airport authorities for developing new infrastructure along with expansion of older airports are further boosting the segment share. For instance, in February 2019, the Ministry of Civil Aviation, India announced the initiation of seven airport infrastructure projects across the country with investments to round USD 72 million.

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Based on power, the The ground support equipment market size, based on application can be classified into aircraft handling, passenger handling, and cargo handling. The passenger handling equipment will showcase significant growth owing to increasing air passenger traffic across the globe. For instance, according to the IATA, Revenue Per Kilometers (RPK) increased by around 6.5% in February 2019, compared to the previous year. Moreover, improving infrastructure and expansion of airports are further expected to accelerate the demand for ground support equipment significantly.

ground support equipment market share is categorized into non-electric, electric, and hybrid. The growth in the electric segment can be attributed to the benefits offered including lower noise, no emissions, and higher efficiency. Moreover, compliance to stringent regulatory norms along with reduced maintenance requirements further accentuates the segment share. Airport operators are continuously engaged in replacing their ageing fleet with advanced and efficient electric equipment, thereby expanding the segment size. For instance, in April 2019, Plug Power Inc, and Charlatte America announced the delivery of fuel cell electric cargo tuggers to the Albany International Airport for supporting FedEx cargo division.

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North America is expected to contribute significant revenue share in the ground support equipment market size. This can be attributed to the presence of multiple airports across the region. Additionally, increasing frequency of aircraft landing and take-off operations along with increasing adoption of electric GSE in such airports for reducing carbon footprint are further expected to support the industry share over the projected timeframe.

Few of the key players operating in the ground support equipment market size include Cavotec S.A., Cobus Industries GmbH, Enersys, Gate GSE, Advanced Charging Technologies, and ITW GSE. The other notable players include JBT Corporation, Kalmar Motors, Mallaghan, Telemeter Electronic GmbH, Tug Technologies Corporation, Mulag Fahrzeugwerk, TLD, and Rheinmetall AG. Strategic long-term contacts and agreements with airport authorities are among the key strategies adopted by industry players to enhance their market share. For instance, in September 2014, JBT Corporation announced a contract worth USD 11 million for supplying a wide range of ground service equipment including expediter towbarless tractors, tempest aircraft deicing vehicles, and commander cargo loaders.

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