Ground Support Equipment Market is expected to grow at a CAGR of 20.68% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Ground Support Equipment Market size was valued at USD 18.42 billion in 2028 growing at a CAGR of 20.68% from 2021 to 2028.
• North America dominated the market in 2028
• Asia Pacific is expected to grow at the highest CAGR from 2021 to 2028

As per the study initiated by Evolve Business Intelligence, the global Ground Support Equipment Market size accounted for USD 18.42 Billion in 2028, growing at a CAGR of 20.68% from 2021 to 2028. Ground Support Equipment (GSE) refers to the equipment and machinery used to support the operations of aircraft on the ground. These are essential tools and vehicles that help in the servicing, maintenance, and turnaround of aircraft between flights. GSE plays a crucial role in ensuring the efficiency and safety of airport and airline operations.

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The increasing number of air travelers and flights globally leads to a higher demand for GSE to handle the growing air traffic. New airport construction and the expansion of existing airports create a demand for additional GSE to support the increased operational needs. Airlines and airports continually invest in modern GSE to improve efficiency, reduce turnaround times, and meet environmental regulations. Advancements in technology lead to the development of more efficient and advanced GSE, attracting the interest of airlines and ground handling service providers. Stringent safety and environmental regulations drive the need for compliant GSE, encouraging the replacement of older equipment with newer, more environmentally friendly options.

Key Players
Some of the major Ground Support Equipment Market players holding high market shares include JBT Corporation, Teleflex Lionel-Dupont, and Mallaghan. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Tug Technologies Corporation, Tronair, MULAG Fahrzeugwerk, Guangtai, Rheinmetall AG, ITW GSE, Cavotec SA

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Segmental Analysis
Based on point of sale, the Ground Support Equipment market is segmented into Equipment, and Maintenance Services. The largest segment of the GSE market based on point of sale is equipment. This is due to the high demand for new GSEs to meet the needs of the growing aviation industry. Equipment sales are expected to continue to grow in the coming years, driven by factors such as the increasing number of aircraft in operation, the expansion of airport infrastructure, and the adoption of new technologies.
Based on the mode of operation, the Ground Support Equipment market is Conventional/Manned GSE, Remotely Operated GSE and Autonomous GSE. The largest segment of the GSE market based on mode of operation is conventional/manned GSE. This is because conventional GSE is less expensive and more reliable than remotely operated or autonomous GSE. However, the demand for remotely operated and autonomous GSE is expected to grow in the coming years, as these technologies offer several advantages, such as improved safety, reduced labor costs, and increased efficiency.
Based on type, the Ground Support Equipment market is a Mobile, Fixed. The largest segment of the GSE market based on type is mobile GSE. This is because mobile GSE is more versatile and can be used to support a wider range of aircraft operations than fixed GSE. However, the demand for fixed GSE is expected to grow in the coming years, as this type of GSE is more efficient and can be used to support larger aircraft

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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