| The global ground support equipment market was valued at USD 9.17 billion in 2024 and is projected to reach USD 9.67 billion in 2025. By 2032, the market is expected to grow significantly, reaching USD 17.44 billion at a CAGR of 8.79% during the forecast period. The expansion of airports worldwide has driven the demand for GSE, which includes essential equipment such as aircraft tugs, cargo loaders, and emergency response vehicles. These systems play a crucial role in ensuring the safety and efficiency of airport operations, both before takeoff and after landing. A key factor fueling market growth is the rapid development of the global aviation industry. However, the COVID-19 pandemic significantly impacted the aviation sector, leading to a sharp decline in air travel due to lockdowns and movement restrictions imposed by governments. This downturn resulted in reduced demand for ground support equipment, temporarily slowing market growth. Fortune Business Insights™ displays this information in a report titled, “Ground Support Equipment Market, 2025-2032.” LIST OF KEY COMPANIES PROFILED IN THE REPORT Aero Specialties Inc. (U.S.) Cavotec SA (Switzerland) ITW GSE (U.S.) JBT Corporation (U.S.) Rheinmetall AG (Germany) Textron Ground Support Equipment Inc. (U.S.) Curtis Instruments Inc. (U.S.) Weihai Guangtai Airport Equipment (China) Kalmar Motor AB (Sweden) Mallaghan (Ireland) SINFONIA TECHNOLOGY CO. LTD. (Japan) Sojitz Aerospace Corporation (Japan) TLD (France) Tronair (U.S.) Information Source: https://www.fortunebusinessinsights.com/industry-reports/ground-support-equipment-market-101823 Segmentation: Hi-Lift Loader Segment to Record Highest CAGR Due to Increasing R&D to Develop Advanced Loaders Based on type, the ground support equipment market is classified into tugs & tractors (baggage and cargo), pushback tractors (conventional tractors and tow-bar less tractor), passenger boarding lifts & steps, hi-lift loaders, de/anti-icing vehicles, belt loaders, water service vehicles, lavatory service vehicles, air start unit, and others. The hi-lift loader segment is expected to record the highest CAGR during the forecast period as market players are increasing their investments in various research and development programs to launch advanced high-capacity lift loaders. Growing Demand for Low-Carbon Products to Boost Adoption of Electric GSE Based on power source, the market is segmented into non-electric, electric, hybrid, fuel cell vehicles (FCV), and advanced GSE. The electric GSE segment is expected to record the highest growth rate during the forecast period owing to the increasing demand for products that have a low carbon footprint. Increasing Programs Focused on Airport Modernization Boosted New Sales Segment Dominance By ownership, the market is segmented into new sales, used sales, and rental/lease. The new sales segment dominated the market in 2024 due to the rising focus on introducing programs that can help modernize the airport infrastructure. With respect to region, the market covers North America, Europe, Asia Pacific, and the rest of the world. Report Coverage: The report has conducted a detailed study of the ground support equipment marketand highlighted several critical areas, such as leading types, power sources, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow. Drivers and Restraints: Growing Use of Electric Ground Support Equipment to Propel Market Growth Companies are focusing on reducing their carbon emissions by launching ground support equipment that are energy efficient and eco-friendly. For instance, Swissport, a Swiss aviation service provider, announced its plans to expand its existing fleet of electric vehicles, such as electric Ground Support Equipment (eGES) by 50%. Such initiatives will positively impact the market’s expansion. However, the ground support equipment market growth might be restrained by the lack of robust airport infrastructure, especially in developing countries. Regional Insights: North America Led Market Growth Due to High Presence of Airports North America held a dominant global ground support equipment market share in 2024 as the region has rising number of investments in R&D for aviation GSE and presence of airports. Moreover, the region’s aviation industry is expanding at a robust pace, which will further help the regional market grow. Europe might also show commendable growth as the region is witnessing an incredible rise in the number of air travelers. Competitive Landscape: Leading Market Players to Implement Business Growth Strategies to Help Them Remain Dominant Some of the key players operating in the ground support equipment marketare increasing their focus on expanding their business operations by engaging in strategic partnerships and collaborations with other companies. These decisions will help them expand their existing product range, thereby helping them maintain their dominance in the market. Notable Industry Development: March 2023 – Institut Teknologi Sepuluh Nopember (ITS) collaborated with PT GMF AeroAsia to launch two environmentally friendly Ground Support Equipment (GSE) products: Electric Vehicle RC Pushback Tug and Material Handling Car. |
