Ground Support Equipment Market Trends, Size, Share, Key Players and Forecast 2024-2032

IMARC Group’s latest report, titled “Ground Support Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the ground support equipment market trends. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. the global ground support equipment market size reached US$ 15.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.8% during 2024-2032. 

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Ground Support Equipment Market Trends:

The global market is primarily driven by the rapid expansion of airport infrastructure to accommodate increasing air traffic. Furthermore, the growing emphasis on sustainable and eco-friendly operations is driving the adoption of electric and hybrid ground support equipment and is supporting market expansion. Moreover, continual technological advancements in automation and digitization are improving operational efficiency and safety, which is impelling the market.

In addition to this, some of the other factors, like the increase in low-cost carriers and regional airline operations, are contributing to the demand for ground support equipment, thereby accelerating the market growth. In line with this, the shifting preferences towards airport privatization and public-private partnerships as private investors prioritize the adoption of state-of-the-art ground support technologies are stimulating market expansion. 

Leading key Players Operating in the Ground Support Equipment Industry:

• 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) 
• Weihai Guangtai Airport Equipment Co. Ltd

Ground Support Equipment Market Scope & Growth Analysis:

The scope of the market is significantly expanding due to the integration of innovative technologies and sustainable practices which are enhancing operational efficiency and minimizing human error. Furthermore, the rising focus on reducing aircraft turnaround time is pushing airlines and airports to invest in efficient ground handling systems and is broadening market scope. Additionally, enhancing the global push for greener airport operations is propelling demand for electric ground support equipment, which further enhances the market scope.

In addition to this, growing multi-modal transport hubs that integrate air, rail, and road transport are also creating lucrative opportunities for the deployment of more versatile and adaptable ground support systems, thereby enhancing the scope of the market. Moreover, the scope of the market is broadened by the expansion of airports in emerging markets unlocking new opportunities for ground support equipment manufacturers. As per the market analysis, with continual technological advancements and efficiency in aviation operations, the market is sustaining growth in the coming years.

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Key Market Segmentation: 

Breakup by Type:

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

Powered ground support equipment currently exhibits a clear dominance in the market.

Breakup by Power Source:

• Electric
• Non-Electric
• Hybrid 

On the basis of power source, the market has been divided into electric, non-electric, and hybrid to cater to various operational needs and environmental concerns.

Breakup by Application:

• Aircraft Handling 
• Passenger Handling
• Cargo Handling 

Passenger handling accounts for the majority of the total ground support equipment market share.

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

North America currently dominates the market.

Key Highlights of the Report: 

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape 

About Us: 

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. 

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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