Some Key Factors Expected to Drive The Global Ground Support Equipment Market !!!

The ground support equipment market is projected to grow from USD 14.16 Billion in 2017 to USD 24.69 Billion by 2022, at a CAGR of 11.76% during the forecast period. This growth can be attributed to the increasing demand for electric and hybrid ground support equipment to cater the increasing air passenger and freight traffic, increase in warehouse operations at airports, and increasing number of airport expansions and development projects.

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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. 

Key manufacturers and suppliers of ground support equipment include JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), Tug Technologies Corporation (US), Tronair Inc. (US), and AMSS GSE (UK), among others.

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