Ground Support Equipment Market By Type (Fixed, Mobile), Power Source (Diesel, Electric, Hybrid), Application (Commercial, Airports, Passenger Services, Cargo Handling), & Region for 2024-2031
Report ID: 39088|No. of Pages: 202
Ground Support Equipment Market By Type (Fixed, Mobile), Power Source (Diesel, Electric, Hybrid), Application (Commercial, Airports, Passenger Services, Cargo Handling), & Region for 2024-2031
Ground Support Equipment Market Valuation – 2024-2031
The Ground Support Equipment Market includes a diverse range of instruments and devices used to maintain, test and service various systems and machines. This market includes equipment such as ground support for aerospace, automotive maintenance tools and healthcare diagnostic gadgets, all of which ensure operating efficiency and reliability in numerous industries. This is likely to enable the market size surpass USD 5.59 Billion valued in 2024 to reach a valuation of around USD 7.36 Billion by 2031.
The Ground Support Equipment Market is driven by growing technological developments and higher expenditures in infrastructure development. Furthermore, the growing demand for efficient and dependable support systems in industries such as aerospace, healthcare and automotive drives market expansion, emphasizing the importance of Ground Support Equipment in improving productivity and safety. The rising demand for Ground Support Equipment is enabling the market grow at a CAGR of 3.50% from 2024 to 2031.
Ground Support Equipment Market: Definition/ Overview
Tools, machinery and accessories are needed for the maintenance, repair and operation of primary systems and equipment. This may include testing instruments, maintenance tools and other equipment required to ensure the functionality and reliability of diverse systems in industrial, military, or commercial environments.
Ground Support Equipment is used in many industries to help with operations, maintenance and safety. This comprises tools for lifting and carrying heavy materials, supplying power, performing diagnostics and maintaining a safe working environment. Cranes, generators, diagnostic gadgets and safety equipment are some common examples.
Future applications for ground support equipment include improving remote operations, automating routine tasks, increasing safety and efficiency in various industries, enabling advanced diagnostics and maintenance, supporting smart manufacturing, integrating with AI for predictive analytics and facilitating seamless collaboration in distributed work environments.
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Will Rapid Airport Expansion and the Rise in Modernization Boost the Ground Support Equipment Market Growth?
The booming aviation industry, defined by increasing passenger and freight traffic, is fueling a surge in airport expansion and renovation projects around the world. This trend having important implications for the Ground Support Equipment sector.
As airports grow in size and complexity, the need for efficient ground support equipment (GSE) to handle aircraft, baggage and cargo becomes increasingly critical. Furthermore, the incorporation of sophisticated technologies into airport operations demands specialized equipment and improvements. As a result, the need for both new and technologically improved GSE is continuously increasing, propelling the market forward.
In essence, the link between airport expansion and the ground support equipment sector is obvious. As airports expand and modernize to meet the demands of the booming aviation sector, the demand for specialist ground Support Equipment will continue to rise.
Will High Initial Costs Hamper the Ground Support Equipment Market?
The ground support equipment market, despite growing rapidly, faces substantial challenges due to the high initial expenditures associated with adopting modern technology. Smaller airports and ground handling companies may struggle to invest in cutting-edge technology due to these costs.
Furthermore, the intricacy and specific nature of many ground support equipment components necessitates significant investment in research and development, production and maintenance. Such expenses can limit new market entrants and stifle innovation. While long-term operational improvements and cost savings may justify these investments, the initial financial burden remains a significant problem for industry participants.
Category-Wise Acumens
How will Growing Number of Air Travel Drive the Airports Segment?
The growing number of air travelers will dominate the airports section of the ground support equipment (GSE) industry. As air traffic grows, airports must improve their operating efficiency and capacity to accommodate the increased volume of passengers and cargo. This increases demand for advanced ground support equipment (GSE), such as airplane tugs, luggage handling systems, and refueling equipment.
Airports must upgrade and expand their ground support infrastructure to maintain timely and safe operations, which encourages investment in new equipment and technology. Furthermore, updating GSE enables airports to maintain high service and safety standards, in accordance with rising traveler and airline expectations. As a result, the increase in air travel is having a direct impact on the growth and expansion of the Airports category in the GSE market.
Will Lower Operating Costs Drive the Electric Segment?
Lower operating costs will considerably dominate the electric portion of the ground support equipment (GSE) market. Electric GSE saves money on gasoline compared to diesel-powered equivalents because electricity is often less expensive. Furthermore, electric GSE has cheaper maintenance expenses due to fewer moving parts and less frequent repairs.
The absence of exhaust emissions from electric devices also results in less environmental compliance and potential fines. As electric charging infrastructure improves and technology evolves, these cost savings are likely to increase, motivating airports and ground handlers to embrace electric GSE. Overall, the financial benefits of electric GSE are a major driving force in the market.
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Country/Region-wise Acumens
Will Significant Investments in Advanced Ground Support Technologies Drive the Market in North America?
Significant investments in advanced ground support technology will drive growth in North America. As one of the world’s largest and most sophisticated aviation markets, North America is constantly striving to improve airport efficiency, safety and sustainability. Investments in cutting-edge ground support equipment (GSE) are critical for managing large volumes of aviation traffic, enhancing operational processes and adhering to strict environmental requirements.
The region’s emphasis on innovation, infrastructure modernization and the adoption of new technologies like electric GSE is consistent with these objectives. Furthermore, regulatory demands and competitive advantages drive additional investment. These factors combine to fuel demand for modern GSE, bolstering North America’s position as a leading market in the ground support equipment business.
Will Increasing Air Travel Drive the Market in Asia Pacific Region?
Increasing air travel will have a huge impact on the Asia-Pacific markets. Air travel demand is increasing due to the region’s strong economic expansion, urbanization and rising disposable income. This growth needs the extension and renovation of airport infrastructure to handle increasing passenger and freight traffic.
As a result, there is a greater demand for modern ground support equipment (GSE) to ensure smooth airport operations, safety and timely service. Investing in new technology and improving GSE is critical for effectively managing this rising demand. The Asia-Pacific region’s rising air travel market is thus a crucial element driving the rise of the Ground Support Equipment market, which is now one of the fastest-growing categories globally.
Competitive Landscape
The ground support equipment market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the ground support equipment market include:
- 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
Latest Developments
- In May 2024, dnata, a worldwide air and travel services company, secured five-year contracts with top manufacturers for new ground support equipment at the Dubai Airport Show.
- In May 2024, The International Air Transport Association (IATA) sought to speed the introduction of A new program integrates upgraded ground support equipment (GSE) technology into regular operations.
- In March 2024, OnAsset Intelligence launched the world’s first dedicated airplane IoT gateway that delivers numerous advantages for shippers, logistical providers and the airline itself.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~3.50% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | 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 |
| Customization | Report customization along with purchase available upon request |
Ground Support Equipment Market, By Category
Type:
- Fixed
- Mobile
Equipment:
- Tugs and tow tractors
- Loaders & conveyors
- Passenger boarding bridges
- Ground Power Units (GPUs)
- Air Start Units (ASUs)
- Air Conditioning Units (ACUs)
- Deicers
Power Source:
- Diesel
- Electric
- Hybrid
Application:
- Commercial
- Airports
- Passenger services
- Cargo handling
- Military & defense
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Ground Support Equipment Market, By Type of Equipment
• Passenger Boarding Bridges (PBB)
• Aircraft Tugs and Tow Tractors
• Ground Power Units (GPU)
• Aircraft Dollies
• Baggage Handling Systems
• Aircraft Deicers
• Aircraft Lavatory Service Vehicles
• Catering Trucks
• Aircraft Maintenance Tools
5. Ground Support Equipment Market, By Application
• Commercial Aviation
• Military Aviation
• General Aviation
• Cargo Handling
6. Ground Support Equipment Market, By End-User
• Airport Authorities
• Airlines
• Ground Handling Companies
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• John Bean Technologies (JBT) Corporation (US)
• Jungheinrich AG (Germany)
• Weihai Guangtai Airport Equipment Co., Ltd. (China)
• Tronair (US)
• TK Elevators (Germany)
• Aero Specialties Inc. (U.S.)
• Cavotec SA (Switzerland)
• Textron Ground Support Equipment Inc. (U.S.)
• TLD (France)
• Mallaghan (Ireland)
• Curtis Instruments Inc. (U.S.)
• ITW GSE (U.S.)
• Kalmar Motor AB (Sweden)
• SINFONIA TECHNOLOGY CO. LTD. (Japan)
• Sojitz Aerospace Corporation (Japan)
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
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Exploratory data mining
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
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- Raw material scenario and supply v/s price trends
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- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
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Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
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The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
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Industry Analysis Matrix
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