Ground Support Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Ground support equipment are the equipment installed at the airports for the purpose of providing maintenance and other aircraft related services and passenger & cargo transport within the airport. GSE are electric, non-electric, and hybrid. The equipment such as ground power units, deicers, fuel trucks, hydrant trucks, and others are installed to serve the purpose of aircraft handling. Further, GSE including cabin service vehicles, passenger bus, loaders/conveyors, lavatory service equipment, and others are used for passenger handling. Likewise, pushback tractors, forklifts, loaders, and other equipment are deployed for cargo handling application.

MARKET SCOPE

The "Global Ground Support Equipment Market Analysis to 2031" is a specialized and in-depth study of the Ground Support Equipment market with a special focus on the global market trend analysis. The report aims to provide an overview of Ground Support Equipment market with detailed market segmentation by equipment, power source, application, and geography. The global Ground Support Equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Ground Support Equipment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on equipment, the market is segmented into tugs and tractors, ground power unit, hydraulic power unit, aircraft jacks, belt loader, de-iceing vehicles, and others.
  
•   Based on power source, the market is segmented as electric and non-electric.
  
•   Based on application, the market can be bifurcated into business aviation and military aviation.
  

MARKET DYNAMICS
Drivers:

•   increasing number of airports
  
•   Advancements in technology, growing need for operational efficiency, and compactness.
  

Restraints:

•   high initial investments
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Ground Support Equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Ground Support Equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Ground Support Equipment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors affecting the Ground Support Equipment market in these regions.

IMPACT OF COVID-19 ON GROUND SUPPORT EQUIPMENT MARKET

The COVID-19 pandemic has led to one of the biggest challenges to the sustainability of the aviation industry at the global level. There is a tremendous shift in the airport operations and several other passenger processing changes due to the fast-spreading nature of this disease. The aviation industry, particularly the airport sector, is focusing on providing the passenger a different quality level of service in comparison to the previous norms. There is a steep fall in demand for air transport as a result of the cross-border travel restrictions imposed by governments to restrict the virus's transmission. Many steps have been taken by air companies and the International Air Transport Association (IATA) to prevent the spread of COVID-19. According to IATA, flights are categorized into three levels: (1) high-risk flights, (2) medium-risk flights, and (3) low-risk flights, and differentiated prevention and control measures are applied after a comprehensive evaluation of the outbreak at the place of origin of the flights. Thus, the airport management is bound to be more proactive and capable of implementing digital transformation to ensure the passengers safe and healthy air travel. Therefore, though there has been a slowdown in the growth of Ground Support Equipment market due to the impact of COVID-19, the changes and shifts in airport management due to the "new normal" will bolster the growth of Ground Support Equipment market.

Ground Support Equipment Market Report Analysis

Ground Support Equipment Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• AERO SPECIALTIES, INC.
• Avro GSE
• HYDRO SYSTEMS KG
• ITW GSE
• JMS AG Jet Maintenance and Service
• LEKTRO, Inc
• Meyer Hydraulics Corporation
• MRCCS
• TowFLEXX Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Equipment

• Tugs and Tractors
• Ground Power Unit
• Hydraulic Power Unit
• Aircraft Jacks
• Belt Loader
• De-iceing Vehicles

By Power Source

• Electric
• Non-electric

By Application

• Business Aviation
• Military Aviation
• Commercial Aviation

MARKET PLAYERS

The reports cover key developments in the Ground Support Equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Ground Support Equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for Ground Support Equipment market. Below mentioned is the list of few companies engaged in the Ground Support Equipment market.

The report also includes the profiles of key Ground Support Equipment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   JBT Corporation
  
•   Tug Technologies Corporation
  
•   Tronair Inc.
  
•   Gate GSE
  
•   Mallaghan
  
•   Weihai Guangtai Airports Equipment Co. Ltd.
  
•   Cavotec SA
  
•   Douglas Equipment Ltd.
  
•   Aero Specialties, Inc.
  
•   Flightline Support Ltd.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Ground Support Equipment Market Report Scope