Ground Support Equipment Market Analysis and Global Forecast 2023-2033

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Ground Support Equipment Market Research Report: Information By Point of Sale (Equipment, Maintenance Services), By Mode of Operation (Conventional GSE, Remotely Operated GSE, Autonomous GSE), By Type (Mobile, Fixed), and by Region — Forecast till 2033

Page: 165

Report Published on: November 8, 2024
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Description

Ground Support Equipment Market Overview

The Ground Support Equipment Market Size is expected to reach USD 14.25 Billion by 2033. The Ground Support Equipment Market industry size accounted for USD 3.84 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.21% from 2023 to 2033. The Ground Support Equipment (GSE) Market refers to the industry that produces and supplies equipment used to support the operations of aircraft while on the ground. This equipment is essential for aircraft maintenance, servicing, and logistics operations that occur between flights.

The GSE market is driven by factors such as the growth of the aviation industry, increasing air traffic, the need for efficient and quick turnaround times, and advancements in technology. Environmental regulations and the push for greener, more sustainable solutions also influence the development of new GSE.

Global Ground Support Equipment Market Synopsis

Ground Support Equipment MarketCOVID-19 Impact Analysis

The COVID-19 pandemic had a significant impact on the Ground Support Equipment (GSE) Market. The sharp decline in passenger air travel led to reduced flights, which in turn decreased the demand for ground support services and equipment. While passenger flights decreased, there was some offsetting increase in cargo flights, particularly for medical supplies and e-commerce goods. Airlines faced severe financial challenges, leading to cost-cutting measures, including delayed or cancelled purchases of new GSE. GSE manufacturers faced disruptions in their supply chains, affecting the production and delivery of equipment. Shortages and delays in the supply of raw materials and components impacted production timelines. The pandemic highlighted the need for automation to minimize human contact, leading to increased interest in automated and remotely operated GSE. There was a rise in demand for equipment that ensures the health and safety of ground personnel, such as disinfection units and personal protective equipment (PPE). The pandemic accelerated trends towards more sustainable and efficient GSE, with airlines and airports looking to optimize operations and reduce costs.

Ground Support Equipment Market Dynamics

The major factors that have impacted the growth of Ground Support Equipment Market are as follows:

Drivers:

Ø  Increasing Air Traffic and Passenger Travel

The steady increase in global air passenger traffic drives demand for efficient ground support equipment to manage the higher volume of flights. Rapid economic growth and rising middle-class populations in emerging markets boost air travel, leading to higher demand for GSE. Innovations in automation and robotics improve the efficiency and effectiveness of ground support operations, driving demand for advanced GSE. The development and adoption of electric and hybrid GSE reduce carbon emissions and operational costs, aligning with sustainability goals. Airlines’ focus on reducing turnaround times to improve operational efficiency and profitability drives the demand for reliable and efficient GSE.

Restraint:

  • Perception of High Initial Investment and Maintenance Costs

The high initial cost of purchasing advanced GSE can be a significant barrier for airlines and airports, particularly smaller operators. Regular maintenance, repairs, and part replacements add to the overall cost of ownership, potentially deterring investment in new equipment. Airlines and airports are often price-sensitive, leading to pressure on GSE providers to offer competitive pricing, which can affect profitability.

Opportunity:

⮚      Growing demand for Electric and Hybrid GSE

The shift towards environmentally friendly equipment, such as electric and hybrid GSE, offers opportunities for manufacturers to develop and market green technologies that meet regulatory requirements and reduce carbon footprints. The development of smart airports with integrated digital systems provides opportunities for GSE manufacturers to supply smart equipment that can seamlessly interact with airport management systems. Leveraging data analytics to optimize ground operations and improve the efficiency and lifespan of GSE can offer a competitive edge. GSE that includes enhanced security features to protect against theft and unauthorized access can address growing security concerns at airports.

Ground Support Equipment Market Segment Overview

By Point of Sale

Ground Support Equipment Market Point of Sale AnalysisBased on Point of Sale, the market is segmented based on Equipment and Maintenance Services. The Equipment segment dominant the market. This segment is critical for ensuring the efficient and safe handling, maintenance, and servicing of vehicles before and after their flights. The cost of acquiring and maintaining advanced ground support equipment can be substantial, posing a challenge for budget-conscious operators.

By Mode of Operation

Based on Mode of Operation, the market segment has been divided into Conventional GSE, Remotely Operated GSE and Autonomous GSE.  The Autonomous GSE segment dominant the market. Autonomous GSE improves efficiency by reducing human error, optimizing operations, and minimizing delays caused by manual handling. Lower operational costs due to reduced need for manual labor and improved utilization of ground support resources.

By Type

Based on Type, the market segment has been divided into Mobile and Fixed. The Mobile segment dominant the market. The mobile segment dominant the market. The mobile ground support equipment is those types of equipment that are not restricted to one installed location and can be used from anywhere without any need to be connected to airport terminals. Mobile GSEs usually comprise ramp service equipment and cargo loading. Moreover, rapidly growing advancements and innovations in technology results in new features and facilities that encourage airport vendors to opt for these kinds of devices in their systems.

Global Ground Support Equipment Market Regional Analysis

Based on region, the global Ground Support Equipment Market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Ground Support Equipment Market followed by the Asia-Pacific and Europe regions.

Global Ground Support Equipment Market Regional AnalysisGlobal Ground Support Equipment North America Market

North America holds a dominant position in the Ground Support Equipment Market. This region Dominates the global GSE market due to the presence of major airlines and airports. It has strong focus on technological advancements and R&D and increasing adoption of electric and hybrid GSE to reduce emissions.

Global Ground Support Equipment Asia-Pacific Market

The Asia-Pacific region has indeed emerged as the fastest-growing market for the Ground Support Equipment Market industry. It’s fastest-growing region due to rapid urbanization and increasing air travel. Huge potential for market expansion, especially in countries like China and India and focus on cost-effective and reliable GSE solutions.

Competitive Landscape

The global Ground Support Equipment Market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.

Prominent Players:

  • JBT Corporation
  • Teleflex Lionel-Dupont
  • Mallaghan
  • Tug Technologies Corporation
  • Tronair
  • MULAG Fahrzeugwerk
  • Guangtai
  • Rheinmetall AG
  • ITW GSE
  • Cavotec SA

Key Development

In February 2023, Aurrigo International plc signed an agreement with Changi Airport Group (Singapore). It provide continued joint testing and development of the company’s advanced autonomous, electric baggage vehicles, Auto-Dolly, Auto-DollyTug, and Auto-Sim, an airport simulation software platform.

In March 2023, WFS and Aena announced that it has launch trial of automated guided vehicles at Barcelona Airport to move cargo between the warehouse and apron.

Scope of the Report

Global Ground Support Equipment Market, by Point of Sale
  • Equipment
  • Maintenance Services
Global Ground Support Equipment Market, by Mode of Operation
  • Conventional GSE
  • Remotely Operated GSE
  • Autonomous GSE
Global Ground Support Equipment Market, by Type
  • Mobile
  • Fixed
Global Ground Support Equipment Market, by Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Benelux
    • Nordic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Indonesia
    • Austalia
    • Malaysia
    • India
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of Middle East & Africa

 

Parameters Indicators
Market Size 2033: $14.25 Billion
CAGR 6.21% CAGR (2023-2033)
Base year 2022
Forecast Period 2023-2033
Historical Data 2021
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations Point of Sale, Mode of Operation, Type
Geographies Covered North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors JBT Corporation, Teleflex Lionel-Dupont, Mallaghan, Tug Technologies Corporation, Tronair, MULAG Fahrzeugwerk, Guangtai, Rheinmetall AG, ITW GSE and Cavotec SA
Key Market Opportunities • The growing demand for Electric and Hybrid GSE
• Digitalization and Smart Solutions
Key Market Drivers • Increasing Air Traffic and Passenger Travel
• Technological Advancements

 

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future Ground Support Equipment Market trends and opportunities
  • Detailed analysis of current market drivers, restraining factors, and opportunities in the future
  • Ground Support Equipment Market historical market size for the year 2021, and forecast from 2023 to 2033
  • Ground Support Equipment Market share analysis at each product level
  • Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
  • To identify and understand the various factors involved in the global Ground Support Equipment Market affected by the pandemic
  • To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

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Frequently Asked Questions (FAQ)

The global Ground Support Equipment Market is growing at a CAGR of 6.21% over the next 10 years

Asia Pacific is expected to register the highest CAGR during 2023-2033

North America holds the largest share in 2022

JBT Corporation, Teleflex Lionel-Dupont, Mallaghan, Tug Technologies Corporation, Tronair, MULAG Fahrzeugwerk, Guangtai, Rheinmetall AG, ITW GSE and Cavotec SA are the major companies operating in the market.

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Table of Content

Table of Content

Chapter 1.   Executive Summary

Chapter 2.   Scope Of The Study

                     2.1.   Market Definition

                     2.2.   Scope Of The Study

                               2.2.1.   Objectives of Report

Chapter 3.   Evolve BI Methodology

Chapter 4.   Market Insights and Trends

                     4.1.   Supply/ Value Chain Analysis

                     4.2.   Porter’s Five Forces Analysis

                               4.2.1.   Threat Of New Entrants

                               4.2.2.   Bargaining Power Of Buyers

                               4.2.3.   Bargaining Power Of Suppliers

                               4.2.4.   Threat Of Substitutes

                               4.2.5.   Industry Rivalry

                     4.3.   Impact of COVID-19 on Ground Support Equipment Market

                               4.3.1.   Impact on Market Size

                               4.3.2.   End User Trend, Preferences and Budget Impact

                               4.3.3.   Regulatory Framework/Government Policies

                               4.3.4.   Key Players Strategy to Tackle Negative Impact

                               4.3.5.   Opportunity Window

Chapter 5.   Market Dynamics

                     5.1.   Introduction

                     5.2.   DRO Analysis

                               5.2.1.   Drivers

                               5.2.2.   Restraints

                               5.2.3.   Opportunities

Chapter 6.   Global Ground Support Equipment Market, By Point of Sale

                     6.1.   Introduction

                     6.2.   Equipment

                     6.3.    Maintenance Services

Chapter 7.   Global Ground Support Equipment Market, By Mode of Operation

                     7.1.   Introduction

                     7.2.   Conventional/Manned GSE

                     7.3.   Remotely Operated GSE

                     7.4.   Autonomous GSE

Chapter 8.   Global Ground Support Equipment Market, By Type

                     8.1.   Introduction

                     8.2.   Mobile

                     8.3.   Fixed

Chapter 9.   Global Ground Support Equipment Market, By Region

                     9.1.   Introduction

                     9.2.   North America

                               9.2.1.   Introduction

                               9.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.2.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.2.4.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                               9.2.5.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                               9.2.6.   Market Size and Forecast, By Type, 2020 – 2028

                               9.2.7.   US

                                              9.2.7.1.   Introduction

                                              9.2.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.2.7.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.2.7.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.2.7.5.   Market Size and Forecast, By Type, 2020 - 2028

                               9.2.8.   Canada

                                              9.2.8.1.   Introduction

                                              9.2.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.2.8.4.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.2.8.5.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.2.8.6.   Market Size and Forecast, By Type, 2020 - 2028

                     9.3.   Europe

                               9.3.1.   Introduction

                               9.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.3.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.3.4.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                               9.3.5.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                               9.3.6.   Market Size and Forecast, By Type, 2020 – 2028

                               9.3.7.   Germany

                                              9.3.7.1.   Introduction

                                              9.3.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.7.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.3.7.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.3.7.5.   Market Size and Forecast, By Type, 2020 - 2028

                               9.3.8.   France

                                              9.3.8.1.   Introduction

                                              9.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.8.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.3.8.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.3.8.5.   Market Size and Forecast, By Type, 2020 - 2028

                               9.3.9.   UK

                                              9.3.9.1.   Introduction

                                              9.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.9.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.3.9.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.3.9.5.   Market Size and Forecast, By Type, 2020 - 2028

                               9.3.10.   Italy

                                              9.3.10.1.   Introduction

                                              9.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.10.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.3.10.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.3.10.5.   Market Size and Forecast, By Type, 2020 - 2028

                               9.3.11.   Rest Of Europe

                                              9.3.11.1.   Introduction

                                              9.3.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.3.11.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.3.11.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.3.11.5.   Market Size and Forecast, By Type, 2020 - 2028

                     9.4.   Asia-Pacific

                               9.4.1.   Introduction

                               9.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.4.3.   Market Size and Forecast, By Country, 2020 - 2028

                               9.4.4.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                               9.4.5.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                               9.4.7.   Market Size and Forecast, By Type, 2020 - 2028

                               9.4.8.   China

                                              9.4.8.1.   Introduction

                                              9.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.8.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.4.8.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.4.8.5.   Market Size and Forecast, By Type, 2020 - 2028

                               9.4.9.   India

                                              9.4.9.1.   Introduction

                                              9.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.9.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.4.9.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.4.9.5.   Market Size and Forecast, By Type, 2020 - 2028

                               9.4.10.   Japan

                                              9.4.10.1.   Introduction

                                              9.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.10.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.4.10.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.4.10.5.   Market Size and Forecast, By Type, 2020 - 2028

                               9.4.11.   South Korea

                                              9.4.11.1.   Introduction

                                              9.4.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.11.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.4.11.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.4.11.5.   Market Size and Forecast, By Type, 2020 - 2028

                               9.4.12.   Rest Of Asia-Pacific

                                              9.4.11.1.   Introduction

                                              9.4.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.4.12.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.4.12.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.4.12.5.   Market Size and Forecast, By Type, 2020 - 2028

                     9.5.   Rest Of The World (RoW)

                               9.5.1.   Introduction

                               9.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                               9.5.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                               9.5.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                               9.5.5.   Market Size and Forecast, By Type, 2020 - 2028

                               9.5.6.   Market Size and Forecast, By Region, 2020 - 2028

                               9.5.7.   South America

                                              9.5.7.1.   Introduction

                                              9.5.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.5.7.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.5.7.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.5.7.5.   Market Size and Forecast, By Type, 2020 - 2028

                               9.5.8.   Middle East & Africa

                                              9.5.8.1.   Introduction

                                              9.5.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                              9.5.8.3.   Market Size and Forecast, By Point of Sale, 2020 - 2028

                                              9.5.8.4.   Market Size and Forecast, By Mode of Operation, 2020 – 2028

                                              9.5.8.5.   Market Size and Forecast, By Type, 2020 - 2028

Chapter 10.   Competitive Landscape

                     10.1.   Introduction

                     10.2.   Vendor Share Analysis, 2020/Key Players Positioning 2020

Chapter 11.   Company Profiles

                     11.1.    JBT Corporation

                               11.1.1.   Business Overview

                               11.1.2.   Financial Analysis

                               11.1.3.   Product Portfolio

                               11.1.4.   Recent Development and Strategies Adopted

                               11.1.5.   SWOT Analysis

                     11.2.    Teleflex Lionel-Dupont

                               11.2.1.   Business Overview

                               11.2.2.   Financial Analysis

                               11.2.3.   Product Portfolio

                               11.2.4.   Recent Development and Strategies Adopted

                               11.2.5.   SWOT Analysis

                     11.3.   Mallaghan

                               11.3.1.   Business Overview

                               11.3.2.   Financial Analysis

                               11.3.3.   Product Portfolio

                               11.3.4.   Recent Development and Strategies Adopted

                               11.3.5.   SWOT Analysis

                     11.4.   Tug Technologies Corporation

                               11.4.1.   Business Overview

                               11.4.2.   Financial Analysis

                               11.4.3.   Product Portfolio

                               11.4.4.   Recent Development and Strategies Adopted

                               11.4.5.   SWOT Analysis

                     11.5.    Tronair

                               11.5.1.   Business Overview

                               11.5.2.   Financial Analysis

                               11.5.3.   Product Portfolio

                               11.5.4.   Recent Development and Strategies Adopted

                               11.5.5.   SWOT Analysis

                     11.6.    MULAG Fahrzeugwerk

                               11.6.1.   Business Overview

                               11.6.2.   Financial Analysis

                               11.6.3.   Product Portfolio

                               11.6.4.   Recent Development and Strategies Adopted

                               11.6.5.   SWOT Analysis

                     11.7.    Guangtai

                               11.7.1.   Business Overview

                               11.7.2.   Financial Analysis

                               11.7.3.   Product Portfolio

                               11.7.4.   Recent Development and Strategies Adopted

                               11.7.5.   SWOT Analysis

                     11.8.    Rheinmetall AG

                               11.8.1.   Business Overview

                               11.8.2.   Financial Analysis

                               11.8.3.   Product Portfolio

                               11.8.4.   Recent Development and Strategies Adopted

                               11.8.5.   SWOT Analysis

                     11.9.   ITW GSE

                               11.9.1.   Business Overview

                               11.9.2.   Financial Analysis

                               11.9.3.   Product Portfolio

                               11.9.4.   Recent Development and Strategies Adopted

                               11.9.5.   SWOT Analysis

                     11.10.     Cavotec SA

                               11.10.1.   Business Overview

                               11.10.2.   Financial Analysis

                               11.10.3.   Product Portfolio

                               11.9.4.   Recent Development and Strategies Adopted

                               11.9.5.   SWOT Analysis

Chapter 12.   Key Takeaways

 

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Smart Shipping Containers Market Analysis and Global Forecast 2023-2033

$ 1,390.00 – $ 5,520.00
Smart Shipping Containers Market Research Report: Information By Technology Type (GPS, Cellular, LoRa WAN, BLE, Others), By Vertical (Food & Beverages, Pharmaceutical, Oil & Gas, Chemicals, Others), and by Region — Forecast till 2033
Page: 118
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