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Press Release:

Global Ground Support Equipment Market to Reach US$ 22.0 Billion by 2027, Impelled by Significant Growth in Aviation Industry

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Ground Support Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global ground support equipment market reached a value of US$ 13.11 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 22.0 Billion by 2027, exhibiting a CAGR of 8.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Ground support equipment (GSE) refers to an advanced support equipment, which is specifically designed for supporting and optimizing aircraft operations at airports. It comprises airplane push-back, hook-up, forklifts, carts, air-conditioning, container loaders, and light-duty trucks that are used for towing, powering, and servicing purposes. GSE enables technician and ground crew to check the condition of the aircraft before the take-off, ensuring mobility, and handling baggage. This, in turn, aids in enhancing operational efficiency, addressing and resolving aircraft-related issues instantly, and generating a long-term return of investments (ROI) by minimizing additional operational expenses. At present, GSE relies on non-electric, electric, and hybrid power sources. 

 

 
 

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Ground Support Equipment Market Trends:

The increasing warehouse operations, along with the constant upgradations at airports, such as the establishment of new terminals, gates, and passenger service equipment, is primarily driving the ground support equipment market growth. This can be attributed to the rising air passenger traffic and the growing need to support safer aircraft operations.  In line with this, the rising environmental consciousness has led governments of various countries to considerably invest in green initiatives, such as the procurement of maintenance, repair, and overhaul (MRO) and green GSE for inhibiting the release of greenhouse gas (GHG) emissions. This, in turn, is acting as another major growth-inducing factor. Additionally, significant technological advancements, including the introduction of collaborative decision-making (CDM) tools to enhance operational efficiency and improve the planning process are contributing to the market growth. Other factors, such as escalating number of air travels and the refurbishment of GSE products to fuel aircraft turnaround, eliminate additional costs, and mitigate congestion and overall delays, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ground support equipment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, power source and application.

Breakup by Type:

  • Powered Ground Support Equipment
  • Non-Powered Ground Support Equipment
     

Breakup by Power Source:

  • Electric
  • Non-Electric
  • Hybrid
     

Breakup by Application:

 

 
 

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  • Aircraft Handling 
  • Passenger Handling
  • Cargo Handling 
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aero Specialties Inc., Aeroservices Ltd., Cavotec SA, Curtis Instruments Inc., ITW GSE, Jalux Inc., John Bean Technologies Corporation, Mallaghan, Rheinmetall Aktiengesellschaft, Textron Ground Support Equipment Inc. (Textron Inc.), TLD Group (Alvest Group) and Weihai Guangtai Airport Equipment Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Power Source, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aero Specialties Inc., Aeroservices Ltd., Cavotec SA, Curtis Instruments Inc., ITW GSE, Jalux Inc., John Bean Technologies Corporation, Mallaghan, Rheinmetall Aktiengesellschaft, Textron Ground Support Equipment Inc. (Textron Inc.), TLD Group (Alvest Group) and Weihai Guangtai Airport Equipment Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global ground support equipment market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global ground support equipment market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the power source?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global ground support equipment market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Ground Support Equipment Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Powered Ground Support Equipment
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Non-Powered Ground Support Equipment
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Power Source
    7.1    Electric
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Non-Electric
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Hybrid
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Application
    8.1    Aircraft Handling 
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Passenger Handling
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Cargo Handling 
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Aero Specialties Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Aeroservices Ltd.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Cavotec SA
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Curtis Instruments Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    ITW GSE
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Jalux Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
        14.3.7    John Bean Technologies Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    Mallaghan
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Rheinmetall Aktiengesellschaft
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    Textron Ground Support Equipment Inc. (Textron Inc.)
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    TLD Group (Alvest Group)
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Weihai Guangtai Airport Equipment Co. Ltd
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials

List of Figures

Figure 1: Global: Ground Support Equipment Market: Major Drivers and Challenges
Figure 2: Global: Ground Support Equipment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Ground Support Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Ground Support Equipment Market: Breakup by Type (in %), 2021
Figure 5: Global: Ground Support Equipment Market: Breakup by Power Source (in %), 2021
Figure 6: Global: Ground Support Equipment Market: Breakup by Application (in %), 2021
Figure 7: Global: Ground Support Equipment Market: Breakup by Region (in %), 2021
Figure 8: Global: Ground Support Equipment (Powered Ground Support Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Ground Support Equipment (Powered Ground Support Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Ground Support Equipment (Non-Powered Ground Support Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Ground Support Equipment (Non-Powered Ground Support Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Ground Support Equipment (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Ground Support Equipment (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Ground Support Equipment (Non-Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Ground Support Equipment (Non-Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Ground Support Equipment (Hybrid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Ground Support Equipment (Hybrid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Ground Support Equipment (Aircraft Handling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Ground Support Equipment (Aircraft Handling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Ground Support Equipment (Passenger Handling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Ground Support Equipment (Passenger Handling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Ground Support Equipment (Cargo Handling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Ground Support Equipment (Cargo Handling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia-Pacific: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia-Pacific: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: Ground Support Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: Ground Support Equipment Market: Breakup by Country (in %), 2021
Figure 72: Middle East and Africa: Ground Support Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Global: Ground Support Equipment Industry: SWOT Analysis
Figure 74: Global: Ground Support Equipment Industry: Value Chain Analysis
Figure 75: Global: Ground Support Equipment Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Ground Support Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Ground Support Equipment Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Ground Support Equipment Market Forecast: Breakup by Power Source (in Million US$), 2022-2027
Table 4: Global: Ground Support Equipment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Ground Support Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Ground Support Equipment Market: Competitive Structure
Table 7: Global: Ground Support Equipment Market: Key Players

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