The aircraft ground support equipment (GSE) market in Korea is on a trajectory of significant growth, with both the South Gyeongsang and North Jeolla regions expected to witness a steady rise at a CAGR of 5.9% through 2034.
In Korea, the aircraft ground support equipment industry has transitioned into a pivotal sector, showing remarkable promise for the future. By 2024, it is projected to achieve a valuation of approximately US$ 117.7 million. Fueled by the burgeoning reliance on e-commerce platforms among consumers, this industry is forecasted to soar to an impressive US$ 208.6 million by 2034, reflecting the robust demand for GSE solutions.
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Growth Factors
Companies can enhance their foothold in burgeoning industries by tailoring ground support equipment (GSE) offerings to align with specific regional requirements and regulations, thereby strategically positioning themselves for growth.
To address the escalating demand for streamlined fleet management in the aviation sector, businesses can provide comprehensive, integrated solutions that optimize GSE utilization, maintenance, and tracking, thereby capitalizing on evolving industry needs.
Stakeholders within the GSE sector can forge strategic partnerships and collaborations to capitalize on airport development initiatives, delivering tailored solutions geared towards augmenting operational efficiency and performance.
In response to shifting industry dynamics and regulatory imperatives, businesses can differentiate themselves by prioritizing the development and promotion of sustainable GSE solutions, thereby aligning with emerging trends and fostering greater market traction.
Key Companies
- Hankook Samgong Co., Ltd.
- TBD Korea Co., Ltd.
- Incheon Airport Aviation Industry Co., Ltd.
- Korean Air Aerospace Division
- Daeyang Electric Co., Ltd.
- Gaussin Korea Co., Ltd.
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Segmentation
By Equipment:
- Passenger Service
- Boarding Steps & Stairs
- Airport Buses & Transport
- Beds/Chairs Lifts
- Airport Service
- Refuelers
- Tugs & Tractors
- Ground Power Unit (GPU)
- Air Start Units (ASU)
- Lavatory Service Vehicles
- De-icing Vehicles
- Rescue & Firefighting
- Air Conditioners
- Others
- Cargo Loading
- Container Loaders
- Belt Loaders
- Cargo Transporters
- Cargo Dollies
By Power:
- Electric
- Non-electric
- Hybrid
By Ownership:
- New Sales
- Rental/Lease
By Application:
- Commercial
- Defense
By Province:
- South Gyeongsang
- North Jeolla
- South Jeolla
- Jeju
