Ground Support Equipment Market Size, Analysis, Trends, Opportunities And Strategies 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Ground Support Equipment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $13.12 billion In 2028 At A CAGR Of 8.9%.

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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Ground Support Equipment Market Major Segments
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

Key Driver - Rising Air Traffic And Cargo Transport Fuel Ground Support Equipment 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.

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Prominent Trend - Single-Operator Deicing Revolutionizes Ground Support Equipment

Technological advancements have emerged as the major trend gaining popularity in the ground support equipment market. Major companies operating in the ground support equipment market are introducing technologically advanced ground support equipment products and offerings to strengthen their position in the market. For instance, in September 2022, Textron Ground Support Equipment Inc., a US-based ground support equipment manufacturer launched Intellimix™ technology for its Safeaero™ 220 single-operator deicer, a ground support equipment. The Intellimix technology enhances the efficiency of the deicing process by providing an optimal combination of heat and fluid. Intellimix technology provides customers with the advantage of a single operator controlling, maneuvering and deicing the aircraft from a single cab, leading to greater efficiency. This technology enhances the capabilities of the Safeaero 220, making deicing even more efficient, safe and dependable.

Ground Support Equipment Market Players
Major companies operating in the ground support equipment market report are John Bean Technologies (JBT) Corporation, Rheinmetall AG, Textron Ground Support Equipment Inc., Weihai Guangtai Airport Equipment Co. Ltd., Mallaghan Engineering Ltd., AERO SPECIALTIES INC., Cavotec SA, Tronair Inc., TLD Group, ITW GSE, Kalmar Motor AB, GATE GSE, Jungheinrich AG, Lektro Inc., Advanced Charging Technologies, China International Marine Containers (Group) Co. Ltd., Cobus Industries GmbH, ALVEST Group, Flightline Support Ltd., Aeroservices Ltd, Curtis Instruments Inc., JALUX Inc., Dabico Airport Solutions, ADELTE GROUP SL., 247GT Ltd., Mulag Fahrzeugwerk Heinz Wössner GmbH u. Co. KG, TUG Technologies Corporation, Powervamp Ltd., TCR International, Aviaco GSE .

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Largest And Fastest Growing Region In The Market
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

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ground Support Equipment Market Report Structure
3. Ground Support Equipment Market Trends And Strategies
4. Ground Support Equipment Market - Macro Economic Scenario
5. Ground Support Equipment Market Size And Growth
…..
27. Ground Support Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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