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2020
Ground Support Equipment Market

Ground Support Equipment Market

by Type (Powered GSE and Non-powered GSE), Application (Aircraft Handling, Passenger Handling, and Cargo Handling), and Power Source (Electric, Non-Electric, and Hybrid): Global Opportunity Analysis and Industry Forecast, 2020-2027
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Report Code: A01844
Pages: 215
Apr 2020 | 35923 Views
Author(s) : Akshay J
Tables: 100
Charts: 53
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Ground Support Equipment Market Statistics - 2027

The global ground support equipment market was valued at $13.02 billion in 2019, and is projected to reach $22.0 billion by 2027, registering a CAGR of 6.7% from 2020 to 2027.

Ground support equipment (GSE) is designed to support the operations of an aircraft whilst it is at the airport. GSE comprises airplane push-back & hook-up, forklifts & lifts, carts, vehicles, air-conditioning tugs, belt & container loaders, light-duty trucks, and other equipment that serve the purpose of powering, towing, and servicing. Further, such equipment enable passenger handling, baggage handling, aircraft mobility, repair, service, and maintenance functions. Many airlines either own/ maintain GSE or possess full service leasing from equipment management companies.

Ground-Support-Equipments-Market-2020-2027

The major companies profiled in the ground support equipment market include AERO SPECIALTIES, INC., Cavotec SA, Textron GSE, Flightline Support Ltd., GATE GSE, Imai Aero-Equipment Mfg. Co., Ltd., JBT Corporation, Mallaghan, TLD, and Guangtai.

The ground support equipment market is segmented into type, application, power source and region. By type, it is segmented into powered and non-powered GSE segments. Further, by application, it is divided into handling, passenger handling, and cargo handling. Based on power source it is segmented into electric, non-electric, and hybrid. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA including country-level analysis for each region.

Top Impacting Factors

The significant factors impacting the growth of the ground support equipment market include increase in air traffic and cargo, rise in focus of airports on enhancing operational efficiency, high service standards, and leasing of ground support equipment. Further, high initial investments, surge in focus toward procurement of greener GSE, outsourcing of maintenance, repair, and overhaul (MRO) to third party, and rise inuse of wireless technology have strong impact on the market. 

Increase in air traffic and cargo

Significant increase in the number of air passengers and cargo transportation has been witnessed across the globe. In addition, this growth is projected to continue throughout the forecast period, which is anticipated to increase the adoption of advanced GSE by airports. For instance, according to the International Air Transport Association (IATA), 52.2 million metric tons of cargo was transported in 2015 and is predicted to increase at a CAGR of 4.1% for the next 5 years. In addition, as per IATA’s 20-year air passenger forecast, the number of air traveler could double to 8.2 billion by end of 2037. This, in turn, is expected to drive the growth of the ground support equipment market. Thus, surge in number of passengers as well as cargo has augmented the demand for ground support equipment.

Ground Support Equipment Market
By Type

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Non-powered GSE is projected as the most lucrative segments

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Rise infocus of airports on enhancing operational efficiency

Airports are making large and significant improvements to increase their operating efficiency and decrease turn around time. The emergence of underground GSE has helped enhance the speed of operations and reduced the congestion of equipment on airports. Various tools are being developed to improve the overall operational efficiency. For instance, airports in Latin America and the Caribbean are using Collaborative Decision Making (CDM) tool for their operational efficiency since June 2019. Airport-CDM increases the predictability of operating by improving the quality of planning and increasing the situational awareness, which is based on real time information exchange. The benefit of enhancing operational efficiency is that it helps in the reduction of operational cost and increases profit. Therefore, it is important for airport authorities to have competent ground support equipment. This drives the growth of the ground support equipment market.

Ground Support Equipment Market
By Application

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Cargo handling is projected as the most lucrative segments

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Outsourcing maintenance, repair, and overhaul (MRO) to third party

Airport authorities can outsource maintenance, repair, and overhaul of GSE (expenditure of 13 to 15% of total revenue according to an India Brand Equity Foundation (IBEF) report) so that they can focus on key business strategy. It is anticipated to increase the speed and improve quality of service delivery. This, in turn, is opportunistic for the ground support equipment market expansion.

Ground Support Equipment Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

LAMEA would exhibit the highest CAGR of 8.6% during 2019-2027.

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High service standards

High performance standards consist of high on-time performance by airlines, professional services to customers, which means proper customer handling from check-in to boarding. Thus, many airports have taken the initiative of having high service standards by deploying motorized and non-motorized service equipment such as carts, towable passenger stairs, belt loaders, and refuelers.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the ground support equipment market trends with current trends and future estimations to depict the imminent investment pockets.
  • The overall potential is determined to understand the profitable trends to gain a stronger foot hold.
  • The ground support equipment market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current growth and ground support equipment industry forecast is quantitatively analyzed from 2019to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the ground support equipment market share.
  • The study also comprises the ground support equipment market opportunity which help key players in decision making.
  • The leading players in the industry are expecting high revenue margin from ground support equipment market returns.

Ground Support Equipment Market Report Highlights

Aspects Details
By Type
  • POWERED GROUND SUPPORT EQUIPMENT (GSE)
  • NON-POWERED GROUND SUPPORT EQUIPMENT (GSE)
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)
Key Market Players AERO SPECIALTIES, INC, CAVOTEC SA, TEXTRON GROUND SUPPORT EQUIPMENT INC., FLIGHTLINE SUPPORT LTD., GATE GSE, IMAI AERO-EQUIPMENT MFG. CO. LTD, JBT CORPORATION, MALLAGHAN, TLD, GUANGTAI
 

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In accordance with insights by CXOs of leading companies, the ground support equipment market is projected to witness moderate growth rate, owing to growth in population along with increase in disposable income. Companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative feature offerings. According to them, the electrically powered vehicles segment possesses higher potential for growth in the global market. However, non-electric vehicles dominated the global market in 2019. 

By application, the aircraft handling segment witnessed highest growth rate during the forecast period, due to increase in air traffic worldwide. However, the cargo handling segment is expected to grow, owing to increase in number of travelers and faster operations of passengers at airports.

The market is consolidated by the presence of major key players such as AERO SPECIALTIES, INC., Cavotec SA, Textron GSE, Flightline Support Ltd., GATE GSE, Imai Aero-Equipment Mfg. Co., Ltd., JBT Corporation, Mallaghan, and Guangtai. These players have adopted efficient techniques to develop innovative offerings. LAMEA is expected to witness the highest growth during the forecast period, due to lucrative opportunities offered by underlying countries.
 

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FREQUENTLY ASKED QUESTIONS?

A. AERO SPECIALTIES, INC. launched Gulfstream G280, to provide flawless start and continuous power to the corporate jets. JBT Corporation signed an agreement to acquire LEKTRO, Inc., a private manufacturer of electric aviation GSE based in Warrenton, Oregon.

A. The global ground support equipment market, by application, was valued at $13,018.00 million in 2019, and is projected to reach $21,966.40 million by 2027, registering a CAGR of 6.7% from 2020 to 2027.

A. The sample for global ground support equipment market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. The potential customers of the ground support equipments include all the upcoming airports across the globe. The majority of the upcoming airports are from the developing countries from regions such as Asia-pacific, Middle East, Africa.

A. Key players operating in the market include AERO SPECIALTIES, INC., Cavotec SA, Textron GSE, Flightline Support Ltd., GATE GSE, Imai Aero-Equipment Mfg. Co., Ltd., JBT Corporation, Mallaghan, TLD, and Guangtai

A. The company profiles of the top market players of global GSE industry can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the GSE industry.

A. Based on the regional analysis, LAMEA is expected to create lucrative opportunities for the key players operating in the global ground support equipment market durign the forecasted period (2020-2027).

A. The service providers in the global GSE industry are the different GSE manufacturers who are developing better and advanced electric vehicles which are equipped with better and efficient system thus propelling the growth of the global market.

A. Acquisition, expansion, product launch are the key growth strategies adopted by the majority of the key players operating in the global ground support equipment market in order to expand their bussiness.

A. Air transport sector is one of the badly affected sector due to the COVID-19 crisis. Also, most of the flights are cancelled due to the imposed lockdowns across various countries.

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