Press release
Ground Support Equipment Market Size, Share, Growth, Research Report 2024-2031
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 ๐จ๐ซ๐ญ๐ฎ๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ๐ฌ ๐ญ๐ก๐ข๐ฌ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐๐ข๐ซ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐ข๐ญ๐ฅ๐๐ "๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐จ๐ฎ๐ง๐ ๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐, ๐๐ก๐๐ซ๐, ๐๐ง๐ ๐๐๐๐-๐๐๐๐."
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐:
https://www.fortunebusinessinsights.com/enquiry/sample/ground-support-equipment-market-101823
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ซ๐จ๐ฎ๐ง๐ ๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Aero Specialities Inc. (U.S.)
โข Cavotec SA (Switzerland)
โข Curtis Instruments Inc. (U.S.)
โข Weihai Guangtai Airport Equipment (China)
โข ITW GSE (U.S.)
โข JBT Corporation (U.S.)
โข Kalmar Motor AB (Sweden)
โข Mallaghan (Ireland)
โข Rheinmetall AG (Germany)
โข SINFONIA TECHNOLOGY CO. LTD. (Japan)
โข Sojitz Aerospace Corporation (Japan)
โข Textron Ground Support Equipment Inc. (U.S.)
โข TLD (France)
โข Tronair (U.S.)
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ:
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ซ๐ฅ๐ข๐ง๐๐ฌ ๐๐ซ๐๐ฉ๐ฉ๐ฅ๐๐ ๐๐๐ฏ๐๐ซ๐ ๐ ๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐ซ๐๐ฌ๐ฌ๐ฎ๐ซ๐๐ฌ ๐๐ฎ๐ ๐ญ๐จ ๐๐๐๐ฎ๐๐๐ ๐๐ฎ๐ฆ๐๐๐ซ ๐จ๐ ๐๐๐ฌ๐ฌ๐๐ง๐ ๐๐ซ๐ฌ
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.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐จ๐๐ฎ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐จ๐ซ ๐๐ข๐ ๐ก-๐๐๐ฉ๐๐๐ข๐ญ๐ฒ ๐๐ข๐๐ญ ๐๐จ๐๐๐๐ซ๐ฌ ๐ญ๐จ ๐๐๐๐ญ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐๐๐ซ๐ ๐จ ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง
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.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐ฎ๐ซ๐ ๐๐ฌ ๐ข๐ง ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐ ๐ญ๐จ ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ ๐๐ง๐ ๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐ง๐ข๐ญ๐ข๐๐ญ๐ข๐ฏ๐๐ฌ
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.
๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐จ๐ฌ๐ญ-๐๐๐๐๐๐ญ๐ข๐ฏ๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ซ๐จ๐ฉ๐๐ฅ๐ฌ ๐ญ๐ก๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐๐ง๐ญ๐๐ฅ/๐๐๐๐ฌ๐ ๐๐๐ ๐ฆ๐๐ง๐ญ
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.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/ground-support-equipment-market-101823
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report offers:
โข Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
โข Comprehensive insights into regional developments.
โข List of major ground support equipment market players.
โข Key strategies adopted by the market players.
โข Latest industry developments include product launches, partnerships, mergers, and acquisitions.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ & ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
๐๐ง๐๐๐ซ๐ ๐ซ๐จ๐ฎ๐ง๐ ๐๐๐ ๐๐๐๐ฎ๐๐๐ฌ ๐๐ฎ๐ซ๐ง๐๐ซ๐จ๐ฎ๐ง๐ ๐๐ข๐ฆ๐ ๐๐ง๐ ๐๐ง๐ก๐๐ง๐๐๐ฌ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ ๐ข๐ง ๐๐ข๐ซ๐ฉ๐จ๐ซ๐ญ๐ฌ
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.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ฌ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ ๐ญ๐จ ๐๐ก๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐ฏ๐ข๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
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.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐ ๐๐จ๐ฐ:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/ground-support-equipment-market-101823
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
๐๐๐๐ฌ ๐๐ฑ๐ฉ๐๐ง๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐๐ฌ๐๐ง๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐ข๐ซ๐ฅ๐ข๐ง๐ ๐๐จ๐ง๐ญ๐ซ๐๐๐ญ๐ฌ
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.
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
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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
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
โข 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.
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