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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Ground Support Equipment Market Analysis
Rising importance of ground support for aircraft to aid the market
Ground Support Equipment (GSE) plays a vital role in ensuring efficient and safe aircraft handling. According to ground support equipment market analysis, with increasing number air travels and rising investment from defence organisation for Airforce development, the demand for support equipment is likely to surge.
Ground power units provide electrical power to the aircraft while it's on the ground, enabling maintenance activities and systems checks without using the onboard power. For passenger aircraft, support equipment such as mobile staircases or bridges allow passengers to board and disembark from the aircraft safely.
Ground support equipment (GSE) also aid in passenger handling, making them crucial for efficient operations and thus, contributing to the ground support equipment market growth. GSE like jet bridges and mobile stairs provide safe and convenient pathways for passengers to embark and disembark from aircraft. They ensure smooth transitions between terminals and planes, accommodating different aircraft sizes and configurations.
Ground Support Equipment Market Report Snapshots
Ground Support Equipment Market Size
Ground Support Equipment Market Analysis
Ground Support Equipment Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global ground support equipment market attained a value of nearly USD 16.88 billion.
The market is projected to grow at a CAGR of 6.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 30.39 billion by 2032.
The major market drivers include the surging air traffic, the increasing focus to improve operational efficiency at airports, and the growing adoption of electric and hybrid GSE.
Technological advancements and innovations and increasing cargo transportation are the key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of ground support equipment include powered ground support equipment and non-powered ground support equipment.
The significant applications of the product are aircraft handling, passenger handling, and cargo handling.
The major segments based on power source of ground support equipment considered in the market report are electric, non-electric, and hybrid.
The key ground support equipment market players include Aero Specialties Inc., Cavotec SA, Textron Ground Support Equipment Inc., Flightline Support Ltd., Gate GSE, and Mallaghan, among others.
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