The global aircraft ground support equipment market is poised for substantial growth, with an anticipated valuation of USD 9,351.7 Million by 2024. Projected to achieve a 7% CAGR from 2024 to 2034, the market is expected to reach a remarkable USD 18,316.2 Million by 2034, representing a 1.9x expansion in sales. This growth underscores the sector’s robust potential and its increasing importance in the aviation industry’s evolving landscape.
Aircraft ground support equipment (GSE) includes essential tools and vehicles that support aircraft operations on the ground, such as tugs for towing, power units, and de-icing machines. These tools ensure efficient aircraft servicing, maintenance, and turnaround, contributing to the safety and smooth flow of airport operations.
GSE is used for various critical tasks, including aircraft mobility, cargo loading, fueling, and providing ground power. It also supports aircraft maintenance, ensuring safety and operational efficiency, making GSE vital to the performance of airlines and airports.
The demand for aircraft ground support equipment (GSE) is driven by the rapid growth in global air travel, the expansion of airport infrastructure, and the increasing need for efficient turnaround times. Trends in the sector include a shift towards electrification and sustainability, with airports and airlines seeking to reduce carbon footprints by adopting electric and hybrid GSE. Additionally, there is a growing emphasis on automation and smart technologies, such as telematics and IoT, to enhance operational efficiency and safety. The rise of low-cost carriers and regional airports is also contributing to a steady demand for versatile and cost-effective GSE solutions.
The growth of aircraft ground support equipment (GSE) is driven by several key factors. The increasing global air traffic, especially in emerging markets, demands more advanced and efficient GSE to manage the higher volume of flights. Airport expansion and the modernization of existing facilities also require updated equipment, including advanced aircraft sequencing systems, to streamline operations and ensure smooth, orderly movement on the ground. Additionally, technological advancements, such as electric and autonomous GSE, are propelling the market forward as airports and airlines focus on reducing carbon emissions and enhancing efficiency. The emphasis on safety and regulatory compliance is further boosting the adoption of sophisticated GSE solutions, while the need for quick aircraft turnaround times to optimize operations continues to drive demand.
Top of Form
Key Takeaways from Report:
- The market witnessed a CAGR of 4.4% over the historical period of 2019 to 2023.
- The United States is anticipated to remain at the forefront in North America, with a value share of 62.9% in 2034.
- In South Asia, India is projected to witness a CAGR of 8.5% through 2034.
- In terms of equipment type, the airport service segment will likely dominate and exhibit a CAGR of around 7.3% in 2024.
- Based on power, the electric segment is projected to account for a share of 37.9% in 2024.
- Based on equipment type, the aircraft service segment is projected to dominate, showcasing around 7.3% CAGR through 2034.
“Long-term investment decisions are crucial in extending the life of Ground Support Equipment (GSE). Instead of replacing outdated or malfunctioning equipment, firms are investing in maintenance programs that include regular inspections, preventive maintenance, and upgrades to enhance efficiency and reliability.” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Competition Outlook:
The global market is currently dominated by a few large players, but there’s a growing opportunity for smaller entrants to make an impact. A notable trend in emerging markets is the strategy of renting out equipment to airports, offering greater operational adaptability. The sector also includes numerous producers who are increasingly forming partnerships with major airlines, aiming to enhance service quality and streamline their operations.
Key Players Operating in the Industry:
- JBT AeroTech
- Textron GSE
- Charlatte Manutention
- Tronair (Eagle Brand Only)
- Kalmar Motor AB
- Mulag
- Weihai Guangtai Airport Equipment Co. Ltd
- Mallaghan
- China International Marine Containers (Group) Co., Ltd.
- Cavotec SA
- TLD
- Goldhofer
- Tiger
- Trepel Airport Equipment
- Vestergaard Company
- Global Ground Support
- Wollard International
- Bliss-Fox
- Quinault (Air Starts Only)
- Toyota
Aircraft Ground Support Equipment Market Segmentation Analysis:
By Equipment Type:
- Passenger Services
- Boarding steps and stairs
- Airport buses and transport
- Bed/chair lifts
- Cargo Loading
- Container loaders
- Belt loaders
- Cargo transporters
- Cargo dollies
- Airport Service
- Refuelers
- Tractors
- Towbarless pushback
- Ground power units
- Air start units
- Lavatory service vehicles
- De/anti-icing vehicles
- Rescue and firefighting
By Power:
- Non-electric
- Electric
- Hybrid
By Application:
- Owned GSE
- Leased GSE
- Rental GSE
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia
- The Middle East and Africa
Access Report Details for More In-Depth Information!
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
