Key factors influencing growth of the Ground Support Equipment Market

This report provides an in-depth analysis of the Ground Support Equipment (GSE) market from 2017 to 2022. It discusses industry and technological trends prevailing in the market. Furthermore, the report analyzes factors that are anticipated to drive or restrain the growth of the market in the near future. The ground support equipment market is projected to grow at a CAGR of 11.76% from 2017 to 2022.

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Ground support equipment are an integral part of airport operations and include all equipment that are used at airport to cater aircraft between flights for handling of passengers, cargo, and aircraft at ground level. Ground support equipment majorly comprises aircraft pushback, tow tractors, container loaders, passenger buses, cabin service vehicles, deicers, ground power units (GPU), aerial lifts, test units, forklifts, belt loaders, and boarding stairs, among others.

Innovations in the ground support equipment market have led to the development of operationally efficient, environmentally clean, and economically viable solutions. Various airports have also been undertaking initiatives to reduce their carbon emissions, thereby leading to an increase in the procurement of GSE which comply with the latest emission norms.

Based on type, the electric GSE segment is expected to register the highest CAGR during the forecast period. This growth can be attributed to the revised emission norms by countries to reduce greenhouse gases emissions at the airports.

Based on application, the ground support equipment market has been segmented into passenger service, commercial cargo service, commercial aircraft service, military cargo service, and military aircraft service. The passenger service segment is expected to account for the largest market share in 2017. This growth is mainly attributed to the higher investments in infrastructure, expansion of existing airports, and upcoming new airports.

The ground support equipment market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the region’s focus on enhancing its airport infrastructure, which also entails procurement of GSE to cater the increasing passenger and freight cargo traffic.
For instance, according to the China Civil Aviation, China’s yearly demand for ground support equipment is estimated to be worth USD 644 million.

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