Ground Support Equipment Market Size Study, by Type (Powered Ground Support Equipment, Non-Powered Ground Support Equipment), by Application (Aircraft Handling, Passenger Handling, Cargo Handling), by Power Source (Electric, Non-Electric, Hybrid), and Reg

Ground Support Equipment Market Size Study, by Type (Powered Ground Support Equipment, Non-Powered Ground Support Equipment), by Application (Aircraft Handling, Passenger Handling, Cargo Handling), by Power Source (Electric, Non-Electric, Hybrid), and Regional Forecasts 2022-2032

The global ground support equipment (GSE) market, valued at USD 5.87 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2032, reaching a market value of USD 8.28 billion by 2032. This growth is primarily driven by the surge in air travel and cargo operations, ongoing airport modernization, and the adoption of sustainable GSE technologies.

Ground support equipment refers to the various tools and machinery used at airports to facilitate the efficient operation of aircraft during turnaround times. These include tugs, cargo loaders, passenger boarding stairs, ground power units (GPUs), and baggage handling systems. With increasing air passenger traffic and e-commerce growth, the demand for GSE continues to rise.

One key trend in the market is the shift toward electric and hybrid GSE solutions, aligning with the aviation industry’s focus on reducing its carbon footprint. For instance, in February 2024, the New Terminal One at JFK Airport initiated a plan to procure an all-electric GSE fleet as part of its $19 billion transformation project. Such developments highlight the growing importance of sustainable operations in the sector.

North America dominated the market in 2022, supported by mature aviation infrastructure and substantial airline activity. However, the Asia-Pacific region is expected to experience the fastest growth during the forecast period, fueled by increasing aircraft deliveries, expanding tourism, and significant investments in airport infrastructure.

Despite the high initial costs associated with GSE procurement, the market benefits from strong demand for innovative solutions that enhance operational efficiency, particularly in cargo handling and passenger management. The adoption of advanced technologies and ongoing regional airport expansions present significant opportunities for market players.

Major Market Players Included in This Report:

1. AERO SPECIALTIES, INC.

2. Illinois Tool Works Inc.

3. Textron GSE

4. Flightline Support Ltd.

5. GATE GSE

6. Imai Aero-Equipment Mfg. Co., Ltd.

7. JBT Corporation

8. Mallaghan

9. TLD

10. Guangtai

11. Cavotec SA

12. Tug Technologies Corporation

13. Weihai Guangtai Airports Equipment Co., Ltd.

14. Douglas Equipment Ltd.

15. Mercury GSE

The Detailed Segments and Sub-Segments of the Market are Explained Below:

By Type:
• Powered Ground Support Equipment
• Non-Powered Ground Support Equipment

By Application:
• Aircraft Handling
• Passenger Handling
• Cargo Handling

By Power Source:
• Electric
• Non-Electric
• Hybrid

By Region:

North America:
• U.S.
• Canada
• Mexico

Europe:
• UK
• Germany
• France
• Russia
• Rest of Europe

Asia-Pacific:
• China
• Japan
• India
• Australia
• Rest of Asia-Pacific

LAMEA:
• Latin America
• Middle East
• Africa

Years Considered for the Study:
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024–2032

Key Takeaways
• Market Estimates & Forecast for 10 years (2022 to 2032).
• Annualized revenues and regional-level analysis for each market segment.
• Comprehensive geographical landscape analysis with country-level insights.
• Detailed competitive landscape and market share analysis of key players.
• Recommendations and strategic guidance for future market approaches.
• Demand-side and supply-side market dynamics analysis.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.