Global Ground Support Equipment Market Growth Analysis - Forecast Trends and Outlook (2024-2032)

Ground Support Equipment Market Size

The global ground support equipment market size reached approximately USD 16.88 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.8% to reach USD 30.39 billion by 2032.

Ground support equipment (GSE) is defined as the type of equipment which is located at airports in the maintenance area near the terminal. These equipment refer to vehicles and machinery used at airports and aerospace facilities to service aircraft during layovers, turnarounds, and maintenance. They are also used to assist aircraft operations while they are on the ground/runway.

They are operated by qualified technicians and the ground crew to ensure that the aircraft is safe to take-off before the next flight. The major role of this equipment includes ground power operations, aircraft mobility, and cargo or passenger loading operations. They contribute significantly to maintaining flight schedules, ensuring passenger safety and comfort, and aiding in the overall operational efficiency of airlines.

Key Trends in the Market

Rising air traffic and the increasing demand for efficient cargo handling to bolster the growth of the market

The global ground support equipment market demand is being driven by a sudden increase in the number of airlines, owing to the rising number of passengers and cargo transportation across the globe. This has led to the expansion of operations at airports, which has resulted in the addition of new terminals, gates, passenger service equipment, and other infrastructure. Each airport gate requires ground support equipment to serve aircraft parked at the gate or apron, thereby augmenting the demand for GSE. Over the forecast period, the growing adoption of ground support equipment and the advancements in the aviation sector are expected to significantly contribute to the market growth.

Rising emphasis on sustainability in the aviation sector to accelerate the integration of sustainable practices and technologies

The aviation sector is increasingly prioritising the adoption of environmentally sustainable practices. It is one of the major ground support equipment market trends propelling regulatory bodies worldwide to engage in formulating and implementing directives aimed at promoting eco-friendly technologies. The escalating consciousness regarding environmental impact is poised to generate substantial demand for the integration of eco-conscious processes and technologies within aircraft ground support equipment (AGSE) across the aviation sector.

Increasing demand for electrical ground support equipment (eGSE) at airports to augment the market growth

Based on power source, the electric GSE segment is expected to hold a significant share of the market in the forecast period due to petroleum price volatility and the increasing focus to reduce emissions. The adoption of eGSE at airports is being driven by the need to preserve operational efficiency and cut-down operating costs. Because of its low-end torque, frequent start or stops, idle time, and limited required ranges, GSE is particularly well-suited for electrification.

Some auxiliary loads, such as hydraulic lifts and refrigeration (catering), can be more efficiently met by electric power sources as compared to an idling diesel motor vehicle. These factors are expected to significantly contribute to the growth of the segment.

Ground Support Equipment Market Report Snapshots

Ground Support Equipment Market Size

Ground Support Equipment Market Analysis

Ground Support Equipment Companies