Ground Support Equipment Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032

Ground support equipment (GSE) market is anticipated to grow at a significant CAGR of 14.3% during the forecast period (2024-2031). The market growth is attributed to the increasing demand for ground support equipment to manage the loading, unloading, and servicing of airplanes efficiently, owing to the development in aviation traffic around the globe. The market is growing owing to technological improvements in GSE, including telematics, autonomous systems, and electric and hybrid cars. Airports are looking for more economical, eco-friendly, and efficient solutions. For instance, in May 2024, The International Air Transport Association (IATA) introduced a program reinforcing the industry's aim of increasing the use of enhanced ground support equipment (Enhanced GSE). Enhanced GSE uses anti-collision and inching technology, which improves vehicle control, and increases docking accuracy. Additionally, most enhanced GSE is electrically powered, thereby delivering sustainability gains over most non-enhanced GSE.

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Effective ground support operations are essential to the aviation industry's overall growth. Ground support equipment facilitates process simplification, shortens response times, and guarantees crew and passenger safety. Airports would not be able to manage the growing volume of air travel without enough GSE, which might result in delays, inefficiencies, and even safety hazards. According to the International Air Transport Association (IATA), in December 2022, the call for a transition to enhanced GSE is detailed in a newly published IATA study which estimates that the annual cost of ground damage could double to nearly $10.0 billion by 2035 unless preventive action is taken.

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Market Coverage
Market number available for - 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Ground Support Equipment Market by Platform

Commercial
Passenger Handling
Cargo Handling
Aircraft Handling
Military

Global Ground Support Equipment Market by Type

Fixed GSE
Mobile GSE

Global Ground Support Equipment Market by Autonomy

Conventional/Manned GSE
Remotely Operated
Autonomous

Global Ground Support Equipment Market by Power Source

Non-Electric GSE
Electric GSE
Hybrid Electric GSE

Global Ground Support Equipment Market by Ownership

Airport
Airline
Ground Support Operators
GSE Lessor

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East and Africa

Company Profiles 

AERO Specialties, Inc.
Aeroservices Ltd.
Avro GSE
Charlatte America
Global Ground Support LLC
Hitzinger Power Solutions GmbH
HYDRO SYSTEMS KG
ITW GSE ApS
Langa Industrial S.A.U.
Mallaghan
Millennium Aero Dynamics Pvt. Ltd.
Mototok International GmbH
Powervamp Ltd.
TCR GROUP
TLD GROUP
TREPEL Airport Equipment GmbH
Tronair Inc.

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the ground support equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

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