Press release
Ground Support Equipment Market Size Grows at CAGR of 7.8% & to Reach USD 31.1 Billion by 2032
Ground Support Equipment Market
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Ground Support Equipment Market Trends:
The global ground support equipment market is propelled by the expanding aviation industry and increasing air traffic, necessitating robust support systems at airports. This market is driven by the modernization of existing airport infrastructure and the construction of new airports in emerging economies. Enhanced focus on improving operational efficiency, reducing ground time, and increasing safety during aircraft handling further boosts demand for advanced ground support equipment.
Additionally, the shift towards green energy and implementation of stricter environmental regulations are prompting airports worldwide to adopt eco-friendly and energy-efficient ground support systems. This includes electric and hybrid vehicles which are less harmful to the environment compared to their diesel counterparts. Moreover, the growing adoption of automation and remote control technology in ground support operations to minimize human error and enhance safety is also a significant market driver.
Leading key Players Operating in the Ground Support Equipment Industry:
• 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
Ground Support Equipment Market Scope & Growth Analysis:
The scope of the market encompasses a wide array of products including aircraft tugs, refueling trucks, ground power units, passenger boarding bridges, and cargo-loading equipment. This market is witnessing substantial growth due to rising investments in airport infrastructure development coupled with an increasing focus on enhancing airport efficiency and passenger experience. Technological advancements in equipment design, such as the integration of IoT and AI, are setting new standards for operational efficiency and reliability in ground support operations.
Along with this, the increasing number of airline fleets and the need for timely maintenance and support at airports further contribute to market expansion. Furthermore, the trend towards outsourcing ground handling services to third-party vendors is creating lucrative opportunities within the market. With the aviation sector's recovery post-pandemic and the anticipated increase in international travel, the demand for efficient and effective ground support equipment is rising, supporting sustained growth in this market.
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Key Market Segmentation:
Breakup by Type:
• Powered Ground Support Equipment
• Non-Powered Ground Support Equipment
Powered ground support equipment represents the largest market segment since it enhances operational efficiency and speed in aircraft handling.
Breakup by Power Source:
• Electric
• Non-Electric
• Hybrid
On the basis of power source, the market has been divided into electric, non-electric, and hybrid to cater to various operational needs and environmental concerns.
Breakup by Application:
• Aircraft Handling
• Passenger Handling
• Cargo Handling
Passenger handling accounts for the majority of the market share due to the growing number of air travelers globally.
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
North America's dominance in the ground support equipment market is attributed to its large number of airports and advanced aviation infrastructure.
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