The global ground support equipment market revenue was evaluated at USD 7.4 billion in 2022 and is expected to attain around USD 10.90 billion by 2032, growing at a CAGR of 4% from 2023 to 2032.
Ground support equipment helps to support the operations in the aircraft activities that generally take place at the airport. Ground support equipment include forklifts & lifts, push-back & hook-up, belt & container loaders, air-conditioning tugs, light-duty trucks, and several other equipment that are used for the towing, servicing, and powering. Several other types of equipment enable aircraft mobility, passenger handling, baggage handling, maintenance functions, and repairs & services. There are several other aircraft companies are possess their ground support equipment. Increasing air traffic and cargo management for the efficiency of the operation of the aircraft is escalating the demand for the ground support equipment market.
Technological advancements, modernization of airline fleets, increasing air travel demand, and strict regulation in the safety and environment are driving the growth of the ground support equipment market. The ground support equipment is one of the crucial parts of the aviation industry, it supports the overall safety and efficiency of the operations. The adoption of modern ground support equipment for fulfilling the specific needs of the modern aircraft model results in a higher demand for the GSE market. Increasing investment by the major players in the development of the aviation industry is driving the growth of the ground support equipment market.
North America dominated the ground support equipment market with the largest market size in 2022. The region will continue its dominance due to the rising prevalence of major market players in countries such as the United States and Canada is driving the growth of the ground support equipment market. It is the major manufacturer of ground support equipment and exports to the region like Asia Pacific, Europe, South America, etc. The region is focusing on the development of more eco-friendly ground support equipment for minimizing carbon footprints and adopting the electric alternative to ground support equipment manufacturing, all factors are contributing to the growth of the ground support equipment market across the region.
Being the busiest country in terms of air traffic, the United States contributes the dominating share for the ground support equipment market in North America. The United States passenger airline reported an after-tax net profit of $1.6 billion and a pre-tax operating profit of $7.9 billion in the year 2022. The total operating revenue is $211.2 billion in 2022.
| Report Coverage | Details |
| Market Revenue in 2023 | USD 7.66 Billion |
| Projected Forecast Revenue by 2032 | USD 10.90 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Drivers:
Warehouse operations
The ongoing development in the aviation industry is resulting in the growth of passenger-carrying aircraft and cargo. Increasing passenger capacities directly impacts the increased size of the cargo that is stored in the warehouses before shipping. The increased number of cargos in the warehouse demand higher efficiency in the operations. The ground support equipment is used for transporting the cargo and inventory from aircraft to the warehouses and vice versa in the airport premises. Thus, the higher demand for transporting cargos is driving the growth of the ground support equipments market.
Advancements in the ground support equipment
Technological advancement in the efficiency of the operation of the ground support such as the construction of underground ground support equipment aims to decrease the time and equipments congestion in the airports. In addition, the emergence of advanced technologies to manage equipment operations with the Adoption of technically advanced ground support equipment also supports the growth of the market.
Restraints
Higher cost
Acquisition and installation of the ground support equipment have a substantial upfront cost, which may be a financial burden for many of the stakeholders of the aircraft industry. Additionally, the higher cost of GSE maintenance is also restraining the growth of the ground support equipment market.
Unavailability of the infrastructure
Higher use of electric or battery-used ground support equipment and the need for adequate infrastructure for charging and maintaining the electric GSE, unavailability of appropriate infrastructure is restraining the growth of the ground support equipment market.
Opportunities
Eco-friendly ground support equipment in the airport
Increasing environmental concerns and emphasis on aviation regularity authorities on implementing the eco-friendly alternative on the ground support equipment for minimizing the carbon emission in the environment are observed to promote the growth of the market in the upcoming years. Increasing environmental concern is driving the demand for the greener variant of the ground support equipment in the aviation industry. Many of the world-class airports have adopted the greener version of ground support equipment for environmental safety. Increasing support for the eco-friendly GSE is a major opportunity for the growth of the ground support equipment market.
Modernization of the aircraft
Most of the airports continue to operate with the older version which is less efficient and obsolete GSE. In recent times, there are several airports have adopted modernization by adopting technological advancements such as the latest aircraft models employed with the advanced system. Modernization of aircraft includes sophisticated electrical systems, latest safety features, and larger sizes. Modernization needs an updated ground support equipment system for efficient operational support to the aircraft, and airports.
Recent Developments
In November 2023, a major service provider to the global airline and airports Menzies Aviation collaborated with Europe’s most sustainable and fastest-growing airline worldwide “Wizz Air” and announced its fully electric turns at Budapest Airport.
In March 2023, Altaport collaborated with Electro. Aero, 1200.aero, ResilienX, TruWeather, Moonware Fortem, and ResilienX to provide a vertiport management solution that supports data inputs like Automatic Dependent Surveillance-Broadcast (ADS-B), airspace incursion sensors, low altitude micro-weather, and foreign object debris (FOD) detection at the time of handling ground activities like vehicle charging and ground support equipment (GSE) movement and allocation.
In March 2023, WFS collaborated with Aena to launch the automated guided vehicle trail at the Barcelona Airport for transporting the cargo between apron and warehouses.
In February 2023, Aurrigo International plc announced its partnership with the Changi Airport Group (Singapore). The collaboration provides continued joint testing and development of the organization's Auto-Dolly, advanced autonomous, Auto-Sim, Auto-DollyTug, and electric baggage vehicles an airport simulation software platform.
In February 2023, Envirotech Vehicles announced the collaboration with Garsite to provide its latest electric aircraft refueled at Atlantic Aviation in Colorado.
Market Segmentation
By Type
By Application
By Power Source
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