The Global Ground Support Equipment Market size is expected to reach $12.1 billion by 2031, rising at a market growth of 6.0% CAGR during the forecast period.
Europe places a strong emphasis on safety and security in aviation operations. The Europe region will consume 3,696.7 million revenues in 2031. Therefore, the market includes various safety equipment such as aircraft marshalling wands, safety cones, barriers, fire extinguishers, and security screening devices to maintain safety standards and comply with regulations. Therefore, these aspects will pose lucrative growth prospects for the segment.
In the dynamic landscape of modern air travel, passenger comfort, convenience, and efficiency have emerged as paramount priorities. Deicing trucks equipped with specialized spraying equipment and deicing fluids remove ice and snow accumulation from aircraft surfaces, ensuring optimal aerodynamic performance and preventing safety hazards. Hence, these aspects will spur the demand for GSE in the upcoming years. Additionally, Safety regulations mandate specific standards for the design, manufacturing, and operation of GSE to ensure the safety of airport personnel, passengers, and aircraft. Therefore, stringent safety and environmental regulations play a significant role in shaping the market.
However, the initial cost of purchasing GSE can be substantial, especially for specialized or technologically advanced equipment. Aircraft tugs, baggage loaders, and ground power units (GPUs) are examples of GSE that can require significant investment. The high upfront investment required for technology upgrades may deter organizations from embracing new GSE solutions. Therefore, these factors can hamper the growth of the market.
Europe places a strong emphasis on safety and security in aviation operations. The Europe region will consume 3,696.7 million revenues in 2031. Therefore, the market includes various safety equipment such as aircraft marshalling wands, safety cones, barriers, fire extinguishers, and security screening devices to maintain safety standards and comply with regulations. Therefore, these aspects will pose lucrative growth prospects for the segment.
In the dynamic landscape of modern air travel, passenger comfort, convenience, and efficiency have emerged as paramount priorities. Deicing trucks equipped with specialized spraying equipment and deicing fluids remove ice and snow accumulation from aircraft surfaces, ensuring optimal aerodynamic performance and preventing safety hazards. Hence, these aspects will spur the demand for GSE in the upcoming years. Additionally, Safety regulations mandate specific standards for the design, manufacturing, and operation of GSE to ensure the safety of airport personnel, passengers, and aircraft. Therefore, stringent safety and environmental regulations play a significant role in shaping the market.
However, the initial cost of purchasing GSE can be substantial, especially for specialized or technologically advanced equipment. Aircraft tugs, baggage loaders, and ground power units (GPUs) are examples of GSE that can require significant investment. The high upfront investment required for technology upgrades may deter organizations from embracing new GSE solutions. Therefore, these factors can hamper the growth of the market.
Driving and Restraining Factors
Drivers- Increasing demand for passenger comfort and efficiency
- Stringent safety and environmental regulations
- Rising tourism trends and global trade pattern
- High cost of acquiring, operating, and maintaining
- Limited availability of infrastructure
- Growing fleet expansion and modernization activities
- Increasing airport infrastructure maintenance and ground transportation
- Lack of appropriate training and maintenance
- Complexities in integrating newer technologies
Type Outlook
Based on type, the market is characterized by powered GSE and non-powered GSE. In 2023, the non-powered GSE segment recorded 28.8% revenue share in the market. Non-powered GSE facilitates ground handling operations at airports, military airbases, and cargo terminals. Non-powered GSE is essential for ground personnel to ensure the efficient and safe movement of aircraft, passengers, and cargo on the ground.Application Outlook
Based on application, the market is fragmented into aircraft handling, passenger handling, and cargo handling. The passenger handling segment recorded 36.3% revenue share in the market in 2023. Passenger handling encompasses a wide range of equipment, vehicles, and services aimed at ensuring a smooth, comfortable, and efficient passenger experience from arrival at the airport to boarding the aircraft.
Power Source Outlook
By power source, the market is classified into non-electric, hybrid, and electric. In 2023, the hybrid segment acquired 11.3% revenue share in the market. Using hybrid technology in GSE offers several benefits, including increased efficiency, reduced emissions, and improved performance. One notable area of advancement is seen in hybrid-electric aircraft tugs, which seamlessly integrate electric motors with conventional combustion engines.Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment garnered 35%, revenue share in the GSE market in 2023. The adoption of advanced technology for ground handling operations within the North American market includes integrating automated baggage handling systems, sophisticated cargo handling equipment, and state-of-the-art aircraft servicing vehicles.Recent Strategies Deployed in the Market
- Sep-2022: Textron Inc. launched the TUG EnduranceTM baggage tractor, built on a foundation of customer insights and future-facing technology. Through this launch, the company will provide a new level of efficiency to customer operations.
- Sep-2022: Textron, Inc. launched IntellimixTM technology for its SafeaeroTM 220 single-operator deice. This new technology will increase customers’ operating efficiencies while strengthening the sustainability of the company.
- Mar-2022: Textron Inc. collaborated with General Motors (GM) and Powertrain Control Solutions (PCS) to electrify its diverse product line. Through this collaboration, the company is looking forward to bringing the technology that is revolutionizing the on-highway vehicle market into GSE.
- May-2023: JBT Corporation has entered into a definitive agreement to sell its AeroTech business to Oshkosh Corporation, a leading innovator of purpose-built vehicles and equipment. Through this agreement, the company will ensure the AeroTech business remains a market leader for critical airport equipment and infrastructure.
- Feb-2022: Alvest Equipment Services collaborated with Millennium Aero Dynamics, a provider of services to the Indian aviation industry, to announce its joint venture, Alvest Millennium Aviation Leasing IFSC Private Limited (AMAL). This collaboration will expand GSE's offerings in the dynamic Indian subcontinental market.
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)
- Aircraft Handling
- Passenger Handling
- Cargo Handling
- Non-Electric
- Electric
- Hybrid
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Global Ground Support Equipment Market by Type
Chapter 6. Global Ground Support Equipment Market by Application
Chapter 7. Global Ground Support Equipment Market by Power Source
Chapter 8. Global Ground Support Equipment Market by Region
Chapter 9. Company Profiles
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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