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The airport ground support equipment market size is forecast to increase by USD 1.37 billion, at a CAGR of 3.52% between 2024 and 2028. Market growth hinges on various factors, notably the expansion and renovation of airports worldwide. As air travel continues to surge, there's a corresponding need for upgraded infrastructure to accommodate growing passenger volumes. Moreover, the construction of cargo terminals is on the rise, reflecting the increasing demand for efficient freight handling and logistics. Additionally, the modernization of Ground Support Equipment at airports is a key driver, as operators seek to enhance operational efficiency and safety standards. These factors collectively contribute to the growth trajectory of the market, fueling demand for advanced airport equipment and technologies. As the aviation industry evolves to meet evolving needs and standards, investments in airport development and GSE modernization remain pivotal for sustained market expansion. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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The market encompasses a range of technologies and equipment essential for efficient air travel. Key components include aircraft handling systems such as Maintenance Platform Lifts, Autonomous Baggage Vehicles, and Automated Guided Vehicles. Airports rely on Electric Ground Support Equipment for passenger and cargo handling, including Freight Carts, Portable Water Storage, and Refueling. Airport simulation software and Vertiport management solutions optimize airport operation, ensuring seamless passenger and cargo movement. Ground support also involves essential services like De-icing, Cleaning, and Fire Fighting. Towing airplanes and Lavatory tank drainage are other critical functions. Airspace incursion sensors and towering airplanes ensure safety during ground operations. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rise in the construction and upgrades of airports is a key factor driving the market growth. Air travel has experienced significant growth, with the global air passenger count increasing by approximately 4% in 2019 compared to the previous year. This expansion is largely attributed to the economic development in emerging nations like India, China, and Indonesia, as well as the rise in international tourism in countries such as Spain, China, Italy, the UK, Germany, and Thailand. Consequently, airports have seen increased investments in new infrastructure and upgrades to accommodate the growing number of aircraft and passengers. Airport Ground Support Equipment (GSE) plays a crucial role in ensuring operational efficiency in airport operations. This includes various systems for passenger and cargo handling, such as baggage handling systems, passenger service vehicles, and automated guided vehicles.
Additionally, electric ground support equipment, like Maintenance Platform Lifts and Autonomous baggage vehicles, are becoming increasingly popular for their eco-friendly processes. Airport GSE also encompasses essential services like fuel cell refueling, de-icing, cleaning, and freight carts. Safety regulations and post pandemic travel restrictions have led to the adoption of advanced technologies like airport simulation software, Vertiport management solutions, and airspace incursion sensors. Furthermore, greener products and guidelines are being implemented to enhance operational efficiency and reduce environmental impact. Air carriers and airport authorities are focusing on capacity expansion and safety regulations to cater to the growing demand for air travel. This includes investments in equipment like tow trucks, refueling vehicles, and firefighting equipment. Lithium batteries and other advanced technologies are being integrated into GSE to improve operational efficiency and reduce reliance on traditional fuel sources. Such investments in airports provide significant growth opportunities for companies in the market during the forecast period.
The growing adoption of GSE pooling will fuel the market growth. Air travel demand and increasing air passenger traffic necessitate airports and airlines to optimize ground handling procedures for improved efficiency and cost savings. One such approach is GSE pooling, where multiple airline ground handlers at an airport share Ground Support Equipment (GSE). This includes electric ground support, maintenance platform lifts, autonomous baggage vehicles, and more. Airports benefit from reduced congestion, enhanced passenger and cargo handling, and lower costs for purchasing and maintaining GSE. Key components of airport ground support include towing airplanes, refueling, de-icing, cleaning, freight carts, and portables water storage. Safety regulations, eco-friendly processes, and guidelines from authorities are essential considerations in the market. Post-pandemic travel and travel restrictions have further emphasized the need for operational efficiency enhancement.
Further, key components include baggage handling systems, passenger handling, cargo handling, and emergency services. Aircraft ground support equipment includes lithium battery-powered equipment, automated guided vehicles, airport simulation software, and vertiport management solutions. Low altitude microweather and airspace incursion sensors are crucial for ensuring safe operations. Other essential services include firefighting, passenger service, and lavatory tank drainage. However, the adoption of advanced airport GSE will grow as efficiency is a paramount factor in GSE pooling, which may drive revenue growth in the market in focus during the forecast period.
The cost pressure on airport GSE manufacturers is a major challenge to the market growth. In the Air travel industry, airports face the challenge of manufacturing high-quality Airport Ground Support Equipment (GSE) while keeping costs low. This is due to intense competition among manufacturers and increasing consumer demand. The GSE market includes various components such as baggage handling systems, passenger handling, cargo handling, electric ground support, maintenance platform lifts, autonomous baggage vehicles, airport simulation software, automated guided vehicles, and more. These elements demand high costs due to their complex nature and stringent quality requirements. Airports serve multiple functions, including the handling of cargo, baggage, and passengers for airlines. Essential GSE includes Electric operated GSEs, electric ground support equipment like Maintenance Platform Lifts, Autonomous Baggage Vehicles, and Airport Simulation Software.
Moreover, aircraft ground support requires eco friendly processes and greener products to meet guidelines and safety regulations. Capacity expansion and operational efficiency enhancement are crucial post-pandemic travel considerations. Authorities impose travel restrictions and safety regulations, necessitating the use of Lithium battery and other advanced technologies. Overall, the market is a significant sector that requires continuous innovation and cost optimization. Such factors are expected to hinder the growth of the market in focus during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Moreover, low-altitude micro weather monitoring systems help maintain optimal conditions for air travel. Cargo handling involves various equipment like Aircraft Loaders and Cargo Containers. Airport operations require a well-equipped terminal service area, with Air Carriers relying on reliable and efficient GSE to ensure on-time departures and arrivals. Overall, the market plays a vital role in the aviation industry, ensuring smooth and safe air travel experiences.
The market share growth by the powered airport GSE segment will be significant during the forecast period. The powered airport GSE segment accounts for the major share of the global airport GSE market. The segment includes towing tractors, lifts and loaders, ground power units, refuelers, buses, air start units, portable water trucks, lavatory service vehicles, Fuel cell vehicle, catering vehicles, and de icing vehicles. The adoption of powered airport GSE is expected to increase during the forecast period, as it is easy to use and contributes significantly to the efficiency and productivity of airport operations. The increasing air traffic and cargo transportation activities worldwide are the major drivers for the growing adoption of powered airport GSE. This is driving the growth of the powered airport GSE segment of the market.
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The powered airport GSE segment showed a gradual increase in market share from USD 4.81 billion in 2018. Advancements in the fuel efficiency and safety of powered airport GSE are resulting in improved air quality in airports and are making airports less hazardous than before. Commercial airlines and airport operators are shifting from traditional diesel-powered airport GSE to electricity-powered airport GSE. The Birmingham-Shuttlesworth International Airport (BHM) plans to install 27 electric charging stations on its premises to support electricity-powered airport GSE. The national and international initiatives toward making airports environment-friendly are leading to the adoption of electricity-powered airport GSE. This is driving the growth of the powered airport GSE segment of the market.
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North America is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Air traffic in North America is experiencing growth, driven by the recovery of the US economy and increased domestic air travel. This trend is leading to significant investment in airport infrastructure upgrades, totaling approximately USD 128 billion by 2023. New terminals are being constructed as a result, generating demand for airport Ground Support Equipment (GSE). The airport GSE market includes various types of equipment, such as electric-operated High Lift Loaders, Passenger Boarding Lifts, and Electric and Non electric vehicles. Cargo transportation is another sector benefiting from the increased air traffic, with the need for fuel-cell vehicles to support the growing demand. The acquisition cost of these GSEs, including fleet size and ownership considerations, varies depending on the specific equipment and international air transport regulations.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
The market plays a crucial role in ensuring the efficient and seamless operation of airports. The market encompasses various types of equipment, such as airbridge, Terminal's service area, passenger boarding bridges, baggage handling systems, and aircraft towing vehicles. These equipment are essential for the safe and timely handling of passengers and cargo. The market is driven by several factors, including increasing air traffic, growing demand for automation in airport operations, and the need for improved passenger experience. The market is also witnessing the adoption of advanced technologies such as RFID, IoT, and AI to enhance the functionality and efficiency of ground support equipment.
Moreover, the market is witnessing a trend towards the integration of multiple systems to create a unified airport operations management system. This integration is expected to streamline airport operations and reduce operational costs. The market is expected to grow at a significant CAGR during the forecast period. The major players in the market include companies such as ThyssenKrupp AG, TLD Group, Daifuku Co. Ltd, and Bombardier Transportation. These companies are focusing on innovation and product development to gain a competitive edge in the market and improve Inadequate Airport Infrastructure.
Industry Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.52% |
Market Growth 2024-2028 |
USD 1.37 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.35 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 30% |
Key countries |
US, China, Germany, UK, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AERO Specialties Inc., Aeroservices Ltd., Alvest SAS, Avia Equipment Pte Ltd., Cavotec SA, China International Marine Containers Group Ltd., Curtis Instruments Inc., ITW GSE ApS, John Bean Technologies Corp., Kalmar Motor AB, Mallaghan GA Inc., MULAG Fahrzeugwerk GmBH u Co. KG, Rheinmetall AG, Sojitz Aerospace Corp., STANGCO Industrial Equipment Inc., Swati Airport Support Services Pvt. Ltd., TCR International N.V., Textron Inc., Tronair Inc., Vestergaard Co., and Weihai Guangtai Airport Equipment Co. Ltd |
Market dynamics |
Parent market analysis, Market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Power Rating
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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