The Aircraft Ground Support Equipment (GSE) Market report, released by Future Market Insights—a recognized ESOMAR Certified Market Research and Consulting Firm—provides detailed insights and comprehensive analysis of the sector. The report delves into the driving factors, market size, and forecast data for Aircraft Ground Support Equipment, offering an in-depth examination of revenue and shipment segmentations with projections extending through 2033. It also includes an analysis of major industry players, market distribution, competitive dynamics, and regional perspectives.
The Aircraft Ground Support Equipment market is currently experiencing robust growth, driven by the rising demand for air travel and the consequent increase in air traffic. As passenger numbers and flight frequencies climb, airports are increasingly in need of efficient and reliable ground support equipment for critical functions such as aircraft servicing, luggage handling, refueling, and other essential operations. This demand is further propelled by the expansion of airline fleets and the introduction of new routes.
The global aircraft ground support equipment market is projected to reach approximately USD 11.0 billion by 2023, reflecting substantial growth driven by ongoing airport expansion and modernization efforts. By 2033, the market is expected to achieve a notable valuation of USD 21.2 billion, representing a Compound Annual Growth Rate (CAGR) of 6.8% from 2023 to 2033.
The surge in air travel and rising air traffic are key factors contributing to the increased need for ground support equipment. As passenger volumes and flight frequencies grow, airports depend more on advanced and reliable ground support equipment to manage various operations efficiently. Additionally, the expansion of airline fleets and route networks underscores the necessity for state-of-the-art equipment in the aviation sector.
The global trend of airport expansion and modernization underscores the demand for advanced ground support equipment. With airports undertaking major infrastructure projects—such as runway extensions, terminal expansions, and new facility constructions—there is a growing need for cutting-edge ground support equipment. This includes the adoption of automated systems, electric-powered machinery, and other advanced technologies aimed at improving efficiency and enhancing the passenger experience.
The Asia-Pacific region is experiencing notable growth in the aviation sector, driven by increased air travel demand and expanding airport infrastructure. Countries such as China, India, and various Southeast Asian nations are seeing significant rises in air traffic, highlighting the urgent need for advanced ground support equipment. This equipment is crucial for maintaining efficient ground operations and ensuring smooth aircraft servicing in rapidly growing aviation markets.
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Key Takeaways from the Market Study
- From 2018 to 2022, the aircraft ground support equipment market demand expanded at a CAGR of 6.4%
- Based on equipment, the aircraft service segment accounts for a CAGR of 6.7%
- By ownership, the rental segment is expected to expand at a CAGR of 6.5% during the forecast period
- North America to emerge as a promising aircraft ground support equipment market, capturing a CAGR of 6.7%
- The aircraft ground support equipment market in the United Kingdom is predicted to capture a market share of 35.2%
- Asia Pacific to be an opportunistic aircraft ground support equipment market, expected to capture a CAGR of 6% during the forecast period.
Competitive Landscape
The global aircraft ground-supporting equipment market exhibits a notable degree of fragmentation, characterized by the presence of numerous significant players ranging from large corporations to medium-sized enterprises. Within this competitive landscape, industry leaders are actively engaging in strategic partnerships and agreements as part of their concerted efforts to secure and expand their market share.
Key Players
- Air T, Inc.
- Textron, Inc.
- China International Marine Containers (Group) Co., Ltd
- Weihai Guangtai Airport Equipment Co., Ltd.
- Cavotec SA,
- ALVEST Group
- MulagFahrzeugwerk Heinz Wössner GmbH u. Co. KG
- Tronair, Inc.
- Lektro Inc.
Textron ground support equipment has focused on developing electric ground support equipment to meet sustainability goals. They have introduced electric towbarless aircraft tractors, electric belt loaders, and electric ground power units (GPU) that provide cleaner and quieter operations.
JBT Corporation has been investing in advanced technologies for their ground support equipment products. They have developed automated guided vehicles (AGVs) for baggage handling, autonomous tow tractors, and intelligent ramp management systems that optimize aircraft parking and movement on the ground.
TLD Group has been actively involved in developing electric ground support equipment solutions. They have introduced electric aircraft pushback tractors, electric baggage tractors, and electric GPUs to reduce emissions and noise levels. They also offer advanced GSE management systems that enable real-time monitoring and optimization of ground operations.
Know More About What the Aircraft Ground-Supporting Equipment Market Report Covers
Future Market Insights offers an unbiased analysis of the global aircraft ground-supporting equipment market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the aircraft ground-supporting equipment market, the market is segmented based on equipment, power, application, and application across five major regions.
Aircraft Ground Support Equipment Market by Category
By Equipment:
- Passenger Service
- Boarding Steps & Stairs
- Airport Buses & Transport
- Beds/Chairs Lifts
- Aircraft 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 Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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