Ground Support Equipment Market Size Study, by Type, by Application, by Power Source, and Regional Forecasts 2022-2032

Description

The global ground support equipment (GSE) market, valued at USD 5.87 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2032, reaching a market value of USD 8.28 billion by 2032. This growth is primarily driven by the surge in air travel and cargo operations, ongoing airport modernization, and the adoption of sustainable GSE technologies.

Ground support equipment refers to the various tools and machinery used at airports to facilitate the efficient operation of aircraft during turnaround times. These include tugs, cargo loaders, passenger boarding stairs, ground power units (GPUs), and baggage handling systems. With increasing air passenger traffic and e-commerce growth, the demand for GSE continues to rise.

One key trend in the market is the shift toward electric and hybrid GSE solutions, aligning with the aviation industry's focus on reducing its carbon footprint. For instance, in February 2024, the New Terminal One at JFK Airport initiated a plan to procure an all-electric GSE fleet as part of its $19 billion transformation project. Such developments highlight the growing importance of sustainable operations in the sector.

North America dominated the market in 2022, supported by mature aviation infrastructure and substantial airline activity. However, the Asia-Pacific region is expected to experience the fastest growth during the forecast period, fueled by increasing aircraft deliveries, expanding tourism, and significant investments in airport infrastructure.

Despite the high initial costs associated with GSE procurement, the market benefits from strong demand for innovative solutions that enhance operational efficiency, particularly in cargo handling and passenger management. The adoption of advanced technologies and ongoing regional airport expansions present significant opportunities for market players.

Major Market Players Included in This Report:

1. AERO SPECIALTIES, INC.
2. Illinois Tool Works Inc.
3. Textron GSE
4. Flightline Support Ltd.
5. GATE GSE
6. Imai Aero-Equipment Mfg. Co., Ltd.
7. JBT Corporation
8. Mallaghan
9. TLD
10. Guangtai
11. Cavotec SA
12. Tug Technologies Corporation
13. Weihai Guangtai Airports Equipment Co., Ltd.
14. Douglas Equipment Ltd.
15. Mercury GSE

The Detailed Segments and Sub-Segments of the Market are Explained Below:

By Type:

Powered Ground Support Equipment
Non-Powered Ground Support Equipment

By Application:

Aircraft Handling
Passenger Handling
Cargo Handling

By Power Source:

Electric
Non-Electric
Hybrid

By Region:

North America:

U.S.
Canada
Mexico

Europe:

UK
Germany
France
Russia
Rest of Europe

Asia-Pacific:

China
Japan
India
Australia
Rest of Asia-Pacific

LAMEA:

Latin America
Middle East
Africa

Years Considered for the Study:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024-2032

Key Takeaways:

Market Estimates & Forecast for 10 years (2022 to 2032).
Annualized revenues and regional-level analysis for each market segment.
Comprehensive geographical landscape analysis with country-level insights.
Detailed competitive landscape and market share analysis of key players.
Recommendations and strategic guidance for future market approaches.
Demand-side and supply-side market dynamics analysis.

Chapter 1. Global Ground Support Equipment Market Executive Summary

1.1. Global Ground Support Equipment Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
- 1.3.3. By Power Source
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Ground Support Equipment Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Ground Support Equipment Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Air Traffic and Cargo Handling Demand
- 3.1.2. Rising Adoption of Electric and Hybrid GSE Solutions
- 3.1.3. Expansion and Modernization of Airports Globally
3.2. Market Challenges
- 3.2.1. High Initial Costs of Equipment Investment
- 3.2.2. Infrastructure and Maintenance Challenges
3.3. Market Opportunities
- 3.3.1. Adoption of Sustainable and Smart GSE Technologies
- 3.3.2. Growth in Emerging Markets and Regional Airports

Chapter 4. Global Ground Support Equipment Market Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies

Chapter 5. Global Ground Support Equipment Market Size & Forecast by Type (2022-2032)

5.1. Segment Dashboard
5.2. Powered Ground Support Equipment
5.3. Non-Powered Ground Support Equipment

Chapter 6. Global Ground Support Equipment Market Size & Forecast by Application (2022-2032)

6.1. Segment Dashboard
6.2. Aircraft Handling
6.3. Passenger Handling
6.4. Cargo Handling

Chapter 7. Global Ground Support Equipment Market Size & Forecast by Power Source (2022-2032)

7.1. Segment Dashboard
7.2. Electric
7.3. Non-Electric
7.4. Hybrid

Chapter 8. Global Ground Support Equipment Market Size & Forecast by Region (2022-2032)

8.1. North America
- 8.1.1. U.S.
- 8.1.2. Canada
- 8.1.3. Mexico
8.2. Europe
- 8.2.1. UK
- 8.2.2. France
- 8.2.3. Germany
- 8.2.4. Russia
- 8.2.5. Rest of Europe
8.3. Asia-Pacific
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. India
- 8.3.4. Australia
- 8.3.5. Rest of Asia-Pacific
8.4. LAMEA
- 8.4.1. Latin America
- 8.4.2. Middle East
- 8.4.3. Africa

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. JBT Corporation
- 9.1.2. Textron GSE
- 9.1.3. Mallaghan
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Key Information
- 9.3.2. Overview
- 9.3.3. Financial (Subject to Data Availability)
- 9.3.4. Product Summary
- 9.3.5. Market Strategies

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes