Ground Support Equipment Market:
Growth opportunities in the Ground Support Equipment market look promising over the next six years. This is attributed to the expansion and the development of airport infrastructure, along with the constant technological innovation and the growing emphasis on enhancing the operational efficiency of the airports.
Ground Support Equipment Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The significant drivers that are boosting the growth of the global ground support equipment market include the expansion and development of airport infrastructure. According to The World Bank, in 2019, the overall number of passengers carried in air transport accounts for 4.39 billion out of which 4.24 billion for the year 2018. Therefore, the increasing global air traffic, owing to the growing number of people who are choosing air travel is further surging the market growth. Airports are increasing their operation, with each gate of airports requires ground support equipment to meet the increasing requirement for aircraft parked at the gate or apron.
Various technological innovations used in the ground support equipment is further boosting the market growth. The introduction of hybrid ground support equipment, new batteries, fast charging port, and enhanced electric ground support equipment with low maintenance costs is further responsible for the market growth. Moreover, the increasing emphasis on enhancing the operational efficiency of the airports which is further surging the market growth. The underground ground support equipment enhances the speed of operations and reduces the congestion of equipment in airports. Airports in Latin America and the Caribbean are increasingly using Collaborative Decision Making (CDM) tools for their operational efficiency since 2019. Therefore, all these factors will further boost the growth of the ground support equipment market share.
According to the ground support equipment market analysis, the high acquisition cost of electric ground support equipment is hindering the market growth. The cost of this equipment is 50% higher as compared to the conventional ground support equipment.
Type Segment Drivers
Based on the type, the mobile ground support equipment is projected to grow at a faster CAGR during the forecast period. The mobile GSE has a crucial role in airport operations as they enable airlines to reach on-time performance. The increasing number of airport expansion projects is driving the market growth. The mobile GSE such as forklifts, baggage tractors, container pallet transporters, boarding stairs, passenger buses, among others.
Ground Support Equipment Market’s leading Manufacturers:
- JBT
- TLD
- Mallaghan
- Textron Ground Support Equipment Inc.
- Tronair
- Cavotec SA
- Advanced Charging Technologies
- Minit-Charger
- Exide Technologies
- ENERSYS
Ground Support Equipment Market Segmentation:
Segmentation by Point of Sale:
- Equipment
- Maintenance Services
Segmentation by Platform:
- Mobile Ground Support Equipment
- Fixed ground Support Equipment
Segmentation by Power Source:
- Non-Electric Ground Support Equipment
- Electric Ground Support Equipment
- Hybrid Ground Support Equipment
Segmentation by Mode of Operation:
- Conventional/Manned Ground Support Equipment
- Remotely Operated Ground Support Equipment
- Autonomous Ground Support Equipment
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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