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Ground Support Equipment Market Size, Share, Growth, Research Report 2024-2031

10-03-2024 06:57 AM CET | Aerospace & Defense

Press release from: Fortune Business Insights

Ground Support Equipment Market

Ground Support Equipment Market

The global ground support equipment market was valued at USD 7.14 billion in 2022 and is expected to grow to USD 8.34 billion in 2023, reaching USD 13.32 billion by 2031. This reflects a compound annual growth rate (CAGR) of 6.03% over the forecast period. In 2022, North America led the market, accounting for a 32.21% share.

Ground support equipment (GSE) is essential equipment used in airports to provide various services to aircraft during the intervals between flights. Its primary purpose is to ensure the safe and efficient operations of aircraft before departure and after arrival. GSE plays a crucial role in supporting airport operations, particularly in servicing aircraft within the terminal's apron area. ๐…๐จ๐ซ๐ญ๐ฎ๐ง๐ž ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ฉ๐ซ๐ž๐ฌ๐ž๐ง๐ญ๐ฌ ๐ญ๐ก๐ข๐ฌ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž๐ข๐ซ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐ข๐ญ๐ฅ๐ž๐ "๐†๐ฅ๐จ๐›๐š๐ฅ ๐†๐ซ๐จ๐ฎ๐ง๐ ๐’๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž, ๐’๐ก๐š๐ซ๐ž, ๐š๐ง๐ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ."

๐†๐ž๐ญ ๐€ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐๐ซ๐จ๐œ๐ก๐ฎ๐ซ๐ž:
https://www.fortunebusinessinsights.com/enquiry/sample/ground-support-equipment-market-101823

๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐†๐ซ๐จ๐ฎ๐ง๐ ๐’๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
โ€ข Aero Specialities Inc. (U.S.)
โ€ข Cavotec SA (Switzerland)
โ€ข Curtis Instruments Inc. (U.S.)
โ€ข Weihai Guangtai Airport Equipment (China)
โ€ข ITW GSE (U.S.)
โ€ข JBT Corporation (U.S.)
โ€ข Kalmar Motor AB (Sweden)
โ€ข Mallaghan (Ireland)
โ€ข Rheinmetall AG (Germany)
โ€ข SINFONIA TECHNOLOGY CO. LTD. (Japan)
โ€ข Sojitz Aerospace Corporation (Japan)
โ€ข Textron Ground Support Equipment Inc. (U.S.)
โ€ข TLD (France)
โ€ข Tronair (U.S.)

๐‚๐Ž๐•๐ˆ๐ƒ-๐Ÿ๐Ÿ— ๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ:
๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ข๐ซ๐ฅ๐ข๐ง๐ž๐ฌ ๐†๐ซ๐š๐ฉ๐ฉ๐ฅ๐ž๐ ๐’๐ž๐ฏ๐ž๐ซ๐ž ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž๐ฌ ๐ƒ๐ฎ๐ž ๐ญ๐จ ๐‘๐ž๐๐ฎ๐œ๐ž๐ ๐๐ฎ๐ฆ๐›๐ž๐ซ ๐จ๐Ÿ ๐๐š๐ฌ๐ฌ๐ž๐ง๐ ๐ž๐ซ๐ฌ
Airline companies globally experienced extraordinary financial strain and implemented drastic capacity reductions as a result of significantly reduced passenger numbers. Several carriers were forced to suspend operations entirely, with the possibility of permanent closure looming for some. These factors decreased the ground support equipment market share.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:
๐‘๐จ๐›๐ฎ๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ÿ๐จ๐ซ ๐‡๐ข๐ ๐ก-๐‚๐š๐ฉ๐š๐œ๐ข๐ญ๐ฒ ๐‹๐ข๐Ÿ๐ญ ๐‹๐จ๐š๐๐ž๐ซ๐ฌ ๐ญ๐จ ๐Œ๐ž๐ž๐ญ ๐‘๐ข๐ฌ๐ข๐ง๐  ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ข๐ง ๐‚๐š๐ซ๐ ๐จ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐š๐ญ๐ข๐จ๐ง
Based on type, the ground support equipment market is classified into belt loaders, de/anti-icing vehicles, hi-lift loaders, lavatory service vehicles, passenger boarding lifts & steps, pushback tractors, tugs & tractors, water service vehicles, and others. Increasing R&D investments and growing cargo transportation drive market growth for high-capacity lift loaders.

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐’๐ฎ๐ซ๐ ๐ž๐ฌ ๐ข๐ง ๐‘๐ž๐ฌ๐ฉ๐จ๐ง๐ฌ๐ž ๐ญ๐จ ๐„๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐‚๐จ๐ง๐œ๐ž๐ซ๐ง๐ฌ ๐š๐ง๐ ๐†๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ ๐ˆ๐ง๐ข๐ญ๐ข๐š๐ญ๐ข๐ฏ๐ž๐ฌ
The GSE market is divided into electric, hybrid, fuel cell vehicles (FCV), non-electric, and advanced GSE based on the power source. The electric segment is poised for growth owing to increasing demand for low-carbon emission products and the government's green initiatives.

๐‘๐ข๐ฌ๐ข๐ง๐  ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐‚๐จ๐ฌ๐ญ-๐ž๐Ÿ๐Ÿ๐ž๐œ๐ญ๐ข๐ฏ๐ž ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ซ๐จ๐ฉ๐ž๐ฅ๐ฌ ๐ญ๐ก๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ง๐ญ๐š๐ฅ/๐‹๐ž๐š๐ฌ๐ž ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ
By ownership, the market is divided into new sales, used sales, and rental/lease. The rental/Lease segment is anticipated experience strong growth due to increased affordability and a surge in airport operations.

Geographically, the ground support equipment market is studied across North America, Europe, Asia Pacific, and the Rest of the World.

๐€๐ฌ๐ค ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/ground-support-equipment-market-101823

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‚๐จ๐ฏ๐ž๐ซ๐š๐ ๐ž:
The report offers:
โ€ข Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
โ€ข Comprehensive insights into regional developments.
โ€ข List of major ground support equipment market players.
โ€ข Key strategies adopted by the market players.
โ€ข Latest industry developments include product launches, partnerships, mergers, and acquisitions.

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ & ๐‘๐ž๐ฌ๐ญ๐ซ๐š๐ข๐ง๐ญ๐ฌ:

๐”๐ง๐๐ž๐ซ๐ ๐ซ๐จ๐ฎ๐ง๐ ๐†๐’๐„ ๐‘๐ž๐๐ฎ๐œ๐ž๐ฌ ๐“๐ฎ๐ซ๐ง๐š๐ซ๐จ๐ฎ๐ง๐ ๐“๐ข๐ฆ๐ž ๐š๐ง๐ ๐„๐ง๐ก๐š๐ง๐œ๐ž๐ฌ ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐œ๐ฒ ๐ข๐ง ๐€๐ข๐ซ๐ฉ๐จ๐ซ๐ญ๐ฌ
Airports are continually striving to optimize their operations by minimizing turnaround time and improving overall efficiency. The implementation of underground GSE has proven to be instrumental in reducing the operational duration and alleviating equipment congestion at airports. The adoption of advanced GSE solutions plays a pivotal role in driving the growth of the market.
However, the absence of proper charging stations and maintenance facilities can impede the widespread adoption and utilization of electric GSE and limit ground support equipment market growth.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐ƒ๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž๐ฌ ๐ญ๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฎ๐ž ๐ญ๐จ ๐“๐ก๐ซ๐ข๐ฏ๐ข๐ง๐  ๐€๐ฏ๐ข๐š๐ญ๐ข๐จ๐ง ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
North America emerges as the dominant ground support equipment market owing to its flourishing aviation industry, significant investments in research and development, and the presence of a multitude of airports. Asia Pacific is projected to experience the highest growth. The region benefits from increasing investments from emerging economies and the rapid pace of urbanization.

๐†๐ž๐ญ ๐š ๐๐ฎ๐จ๐ญ๐ž ๐๐จ๐ฐ:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/ground-support-equipment-market-101823

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž

๐Ž๐„๐Œ๐ฌ ๐„๐ฑ๐ฉ๐š๐ง๐ ๐†๐ฅ๐จ๐›๐š๐ฅ ๐๐ซ๐ž๐ฌ๐ž๐ง๐œ๐ž ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐€๐ข๐ซ๐ฅ๐ข๐ง๐ž ๐‚๐จ๐ง๐ญ๐ซ๐š๐œ๐ญ๐ฌ
Original equipment manufacturers (OEMs) strategically pursue business expansion by securing contracts with airlines from various countries. For instance, in March 2023, Nexus Capital Management (U.S.) acquired Aviation Ground Equipment Corp. The acquired company will be integrated as a new entity under HDT Global.

๐‘๐ž๐š๐ ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Aerospace Robotics Market
https://www.fortunebusinessinsights.com/aerospace-robotics-market-103324

Ultrasonic Testing Market
https://www.fortunebusinessinsights.com/ultrasonic-testing-market-104865

Airborne Fire Control Radar Market
https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048

๐Š๐ž๐ฒ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ:
โ€ข November 2021- Rushlift GSE, a subsidiary of Doosan Industrial Vehicles U.K., signed a six-year agreement with Menzies Aviation, an airport ground services company, to supply GSE equipment. Under the agreement, the company leased 650 brand-new vehicles to Menzies Aviation's ground handling operations at Gatwick and Heathrow airports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:
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