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North America Ground Support Equipment Market Size, Share & Trends Analysis Report By Type (Powered (GSE) and Non-powered (GSE)), By Application (Aircraft Handling, Passenger Handling and Cargo Handling), By Power Source), By Country and Growth Forecast, 2024 - 2031

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    Report

  • May 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5976196
The North America Ground Support Equipment Market would witness market growth of 5.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Ground Support Equipment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,910.3 million by 2031. The Canada market is experiencing a CAGR of 7.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.9% during (2024 - 2031).



The market stands as a critical pillar in the aviation industry, facilitating the efficient operation and maintenance of aircraft on the ground. At the center of this market lie various types of equipment designed to handle diverse tasks, including aircraft towing and maneuvering, ground power supply, air start assistance, baggage and cargo handling, passenger boarding, refueling operations, deicing, and maintenance support.

These essential functions ensure seamless and safe ground operations, improving air travel’s efficiency and reliability. Furthermore, the market for GSE is characterized by its broad scope and diverse range of applications. Equipment types encompass powered and non-powered vehicles, ranging from aircraft tugs and pushback tractors to ground power units, baggage loaders, passenger boarding bridges, and deicing vehicles.

The growth of tourism in North America stimulates demand for air travel, which drives growth in the aerospace industry. According to the Government of Mexico statistics, in 2022, 66 million international visitors arrived in Mexico, which is 10 million 695 thousand more visitors compared to 2021, which represents an increase of 19.3%. During 2022, 20.6 million international visitors arrived by air, 46.3% higher than in 2021. the growth of North America’s aerospace industry drives demand for a wide range of GSE to support aircraft manufacturing. According to the International Trade Administration (ITA), in 2023, Canada’s aerospace industry contributed over C$27 billion (approximately US$20.8 billion) in GDP in 2022. Montréal was the world’s third largest aerospace hub after Seattle, Washington, and Toulouse, France, and contributes to over 75% of Canadian aerospace research and development (R&D). Thus, the growth of North America’s aerospace industry and the remarkable increase in tourism drive the demand for the market.

Based on Type, the market is segmented into Powered (GSE) and Non-powered (GSE). Based on Application, the market is segmented into Aircraft Handling, Passenger Handling and Cargo Handling. Based on Power Source, the market is segmented into Non-Electric, Electric and Hybrid. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Textron, Inc.
  • Weihai Guangtai Airport Equipment Co., Ltd.
  • Aero Specialties, Inc.
  • John Bean Technologies Corporation
  • Illinois Tool Works, Inc.
  • IAC Corporation
  • Aeroservices Ltd.
  • Flofuel Support Ltd. (Argent Industrial Limited)
  • Alvest Equipment Services (TLD Group)
  • Mallaghan HQ

Market Report Segmentation

By Type
  • Powered ground support equipment (GSE)
  • Non-powered ground support equipment (GSE)
By Application
  • Aircraft Handling
  • Passenger Handling
  • Cargo Handling
By Power Source
  • Non-Electric
  • Electric
  • Hybrid
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Ground Support Equipment Market, by Type
1.4.2 North America Ground Support Equipment Market, by Application
1.4.3 North America Ground Support Equipment Market, by Power Source
1.4.4 North America Ground Support Equipment Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Recent strategies deployed in Ground Support Equipment Market
Chapter 5. North America Ground Support Equipment Market by Type
5.1 North America Powered ground support equipment (GSE) Market by Country
5.2 North America Non-powered ground support equipment (GSE) Market by Country
Chapter 6. North America Ground Support Equipment Market by Application
6.1 North America Aircraft Handling Market by Country
6.2 North America Passenger Handling Market by Country
6.3 North America Cargo Handling Market by Country
Chapter 7. North America Ground Support Equipment Market by Power Source
7.1 North America Non-Electric Market by Country
7.2 North America Electric Market by Country
7.3 North America Hybrid Market by Country
Chapter 8. North America Ground Support Equipment Market by Country
8.1 US Ground Support Equipment Market
8.1.1 US Ground Support Equipment Market by Type
8.1.2 US Ground Support Equipment Market by Application
8.1.3 US Ground Support Equipment Market by Power Source
8.2 Canada Ground Support Equipment Market
8.2.1 Canada Ground Support Equipment Market by Type
8.2.2 Canada Ground Support Equipment Market by Application
8.2.3 Canada Ground Support Equipment Market by Power Source
8.3 Mexico Ground Support Equipment Market
8.3.1 Mexico Ground Support Equipment Market by Type
8.3.2 Mexico Ground Support Equipment Market by Application
8.3.3 Mexico Ground Support Equipment Market by Power Source
8.4 Rest of North America Ground Support Equipment Market
8.4.1 Rest of North America Ground Support Equipment Market by Type
8.4.2 Rest of North America Ground Support Equipment Market by Application
8.4.3 Rest of North America Ground Support Equipment Market by Power Source
Chapter 9. Company Profiles
9.1 Textron, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Weihai Guangtai Airport Equipment Co., Ltd.
9.2.1 Company Overview
9.3 AERO Specialties, Inc.
9.3.1 Company Overview
9.3.2 SWOT Analysis
9.4 John Bean Technologies Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Illinois Tools Works, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 IAC Corporation
9.6.1 Company Overview
9.6.2 SWOT Analysis
9.7 Aeroservices Ltd.
9.7.1 Company Overview
9.8 Flofuel Support Ltd. (Argent Industrial Limited)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.9 Alvest Equipment Services (TLD Group)
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Acquisition and Mergers:
9.9.3 SWOT Analysis
9.10. Mallaghan HQ
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:

Companies Mentioned

  • Textron, Inc.
  • Weihai Guangtai Airport Equipment Co., Ltd.
  • Aero Specialties, Inc.
  • John Bean Technologies Corporation
  • Illinois Tool Works, Inc.
  • IAC Corporation
  • Aeroservices Ltd.
  • Flofuel Support Ltd. (Argent Industrial Limited)
  • Alvest Equipment Services (TLD Group)
  • Mallaghan HQ

Methodology

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