Aircraft Ground Support Equipment Market Forecasted to Reach USD 21.2 Billion by 2033, Expanding at a 6.8% CAGR | FMI Reports

Aircraft Ground Support Equipment Market
Aircraft Ground Support Equipment Market

The Aircraft Ground Support Equipment (GSE) Market report, published by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—provides a detailed and comprehensive analysis of the sector. The report explores the key drivers, market size, and future outlook for Aircraft Ground Support Equipment, offering in-depth insights into revenue and shipment trends with projections extending to 2033. It also examines the major players in the industry, market distribution, competitive landscape, and regional insights.

The Aircraft Ground Support Equipment market is currently experiencing strong growth, fueled by the increasing demand for air travel and the resulting rise in air traffic. As the number of passengers and flight frequencies continue to climb, airports are increasingly reliant on efficient and reliable ground support equipment to handle critical functions such as aircraft servicing, baggage handling, refueling, and other essential ground operations. This growing demand is further driven by the expansion of airline fleets and the introduction of new routes.

Globally, the aircraft ground support equipment market is expected to reach approximately USD 11.0 billion by 2023, driven by ongoing airport expansion and modernization efforts. By 2033, the market is projected to grow significantly to USD 21.2 billion, reflecting a Compound Annual Growth Rate (CAGR) of 6.8% from 2023 to 2033.

The increasing demand for air travel and rising air traffic are major contributors to the heightened need for ground support equipment. As passenger numbers and flight frequencies rise, airports require more advanced and reliable equipment to efficiently manage a range of operations. Additionally, the expansion of airline fleets and the growth of route networks underscore the need for state-of-the-art equipment in the aviation industry.

The global trend towards airport expansion and modernization is further driving demand for advanced ground support equipment. With airports investing in major infrastructure projects—such as extending runways, expanding terminals, and constructing new facilities—the need for cutting-edge ground support equipment is becoming more pronounced. This includes the adoption of automated systems, electric-powered machinery, and other advanced technologies designed to enhance operational efficiency and improve the passenger experience.

The Asia-Pacific region, in particular, is seeing significant growth in the aviation sector due to increased demand for air travel and expanding airport infrastructure. Countries like China, India, and various Southeast Asian nations are experiencing substantial increases in air traffic, underscoring the urgent need for advanced ground support equipment. Such equipment is essential for maintaining efficient ground operations and ensuring smooth aircraft servicing in these 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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