Product Code: PM3016
The global ground support equipment market size is expected to reach USD 8,082.14 million by 2032, according to a new study by Polaris Market Research. The report "Ground Support Equipment Market Share, Size, Trends, Industry Analysis Report, By Power Source (Non-Electric, Electric, Hybrid, Fuel Cell Vehicle, and Advanced GSE); By Ownership; By Platform; By Type; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Globally, there has been considerable growth in the number of air passengers and cargo flights, which is likely to grow continuously throughout the coming years, which results in higher adoption of advanced GSE and is expected to boost the growth of the global market. Moreover, several airports across the globe are undertaking significant upgrades to their system to improve operational efficiency and shorten turnaround times. Increased operation effectiveness has numerous advantages, including lowering operating costs and raising profit margins fueling market expansion.
For instance, in October 2022, UL Solutions, a global safety science company, introduced its new service and standard for evaluating lithium-ion battery-powered electric ground equipment at airports. UL 5840 provides higher safety standards that address the risk of electric shock, fire, and explosion hazards and further help to mitigate several issues related to those batteries in GSE.
The rapidly increasing warehouse operations, coupled with the constant modernization and development activities like the establishment of new terminals, gates, and passenger service equipment, are gaining high traction and are likely to impact the market during the forecast period positively. Along with this, the rising environmental consciousness that has led governments of many countries to invest considerably in greener equipment and the introduction of collaborative decision-making tools will create new market growth opportunities at a significant pace.
Ground Support Equipment Market Report Highlights:
- Non-electric segment accounted for considerable global market share in 2022 owing to rising cargo movement and easy availability of various equipment like belt loaders, lavatory vehicles, and tractors
- New sales segment dominated the market in 2022 which is mainly accelerated by increased spending on airports modernization and industry expansion
- Commercial segment is anticipated to hold a significant market share over the forecast period due to the wide range of cargo services applications at airports
- Mobile segment is projected to witness the fastest CAGR during the anticipated period, as a result of higher technological advancements and the introduction of advanced features
- Asia Pacific region is expected to grow significantly over the coming years on account of the rapid increase in the tourism industry and various favorable initiatives that have been taken by government authorities such as subsidies and land benefits
- The global key market players include: John Beam Technologies Corporation, TK Elevators, Textron Ground Support Equipment Inc., Aerospace Corporation, and Curtis Instruments
Polaris Market Research has segmented the ground support equipment market report based on power source, ownership, platform, type, and region:
Ground Support Equipment, Power Source Outlook (Revenue - USD Million, 2019 - 2032)
- Non-Electric
- Electric
- Hybrid
- Fuel Cell Vehicle
- Advanced GSE
Ground Support Equipment, Ownership Outlook (Revenue - USD Million, 2019 - 2032)
- New Sales
- Used Sales
- Rental/Lease
Ground Support Equipment, Platform Outlook (Revenue - USD Million, 2019 - 2032)
Ground Support Equipment, Type Outlook (Revenue - USD Million, 2019 - 2032)
Ground Support Equipment, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Ground Support Equipment Market Insights
- 4.1. Ground Support Equipment - Industry Snapshot
- 4.2. Ground Support Equipment Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increased focus of airports on enhancing operational efficiency
- 4.2.1.2. Leasing of ground support equipment
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High initial investment
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Ground Support Equipment Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Ground Support Equipment Market, by Power Source
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 5.3. Non-Electric
- 5.3.1. Global Ground Support Equipment Market, by Non-Electric, by Region, 2019-2032 (USD Million)
- 5.4. Electric
- 5.4.1. Global Ground Support Equipment Market, by Electric, by Region, 2019-2032 (USD Million)
- 5.5. Hybrid
- 5.5.1. Global Ground Support Equipment Market, by Hybrid, by Region, 2019-2032 (USD Million)
- 5.6. Fuel Cell Vehicle
- 5.6.1. Global Ground Support Equipment Market, by Fuel Cell Vehicle, by Region, 2019-2032 (USD Million)
- 5.7. Advanced GSE
- 5.7.1. Global Ground Support Equipment Market, by Advanced GSE, by Region, 2019-2032 (USD Million)
6. Global Ground Support Equipment Market, by Ownership
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 6.3. New Sales
- 6.3.1. Global Ground Support Equipment Market, by New Sales, by Region, 2019-2032 (USD Million)
- 6.4. Used Sales
- 6.4.1. Global Ground Support Equipment Market, by Used Sales, by Region, 2019-2032 (USD Million)
- 6.5. Rental/Lease
- 6.5.1. Global Ground Support Equipment Market, by Rental/Lease, by Region, 2019-2032 (USD Million)
7. Global Ground Support Equipment Market, by Platform
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 7.3. Commercial
- 7.3.1. Global Ground Support Equipment Market, by Commercial, by Region, 2019-2032 (USD Million)
- 7.4. Military
- 7.4.1. Global Ground Support Equipment Market, by Military, by Region, 2019-2032 (USD Million)
8. Global Ground Support Equipment Market, by Type
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 8.3. Mobile
- 8.3.1. Global Ground Support Equipment Market, by Mobile, by Region, 2019-2032 (USD Million)
- 8.4. Fixed
- 8.4.1. Global Ground Support Equipment Market, by Fixed, by Region, 2019-2032 (USD Million)
9. Global Ground Support Equipment Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Ground Support Equipment Market Assessment, By Geography, 2019-2032 (USD Million)
- 9.3. Ground Support Equipment Market - North America
- 9.3.1. North America: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.3.2. North America: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.3.3. North America: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.3.4. North America: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.3.5. Ground Support Equipment Market - U.S.
- 9.3.5.1. U.S.: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.3.5.2. U.S.: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.3.5.3. U.S.: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.3.5.4. U.S.: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.3.6. Ground Support Equipment Market - Canada
- 9.3.6.1. Canada: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.3.6.2. Canada: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.3.6.3. Canada: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.3.6.4. Canada: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.4. Ground Support Equipment Market - Europe
- 9.4.1. Europe: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.4.2. Europe: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.4.3. Europe: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.4.4. Europe: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.4.5. Ground Support Equipment Market - UK
- 9.4.5.1. UK: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.4.5.2. UK: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.4.5.3. UK: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.4.5.4. UK: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.4.6. Ground Support Equipment Market - France
- 9.4.6.1. France: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.4.6.2. France: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.4.6.3. France: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.4.6.4. France: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.4.7. Ground Support Equipment Market - Germany
- 9.4.7.1. Germany: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.4.7.2. Germany: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.4.7.3. Germany: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.4.7.4. Germany: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.4.8. Ground Support Equipment Market - Italy
- 9.4.8.1. Italy: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.4.8.2. Italy: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.4.8.3. Italy: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.4.8.4. Italy: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.4.9. Ground Support Equipment Market - Spain
- 9.4.9.1. Spain: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.4.9.2. Spain: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.4.9.3. Spain: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.4.9.4. Spain: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.4.10. Ground Support Equipment Market - Netherlands
- 9.4.10.1. Netherlands: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.4.10.2. Netherlands: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.4.10.3. Netherlands: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.4.10.4. Netherlands: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.4.11. Ground Support Equipment Market - Russia
- 9.4.11.1. Russia: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.4.11.2. Russia.: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.4.11.3. Russia: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.4.11.4. Russia: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.5. Ground Support Equipment Market - Asia Pacific
- 9.5.1. Asia Pacific: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.5.2. Asia Pacific: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.5.3. Asia Pacific: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.5.4. Asia Pacific: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.5.5. Ground Support Equipment Market - China
- 9.5.5.1. China: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.5.5.2. China.: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.5.5.3. China: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.5.5.4. China: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.5.6. Ground Support Equipment Market - India
- 9.5.6.1. India: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.5.6.2. India.: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.5.6.3. India: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.5.6.4. India: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.5.7. Ground Support Equipment Market - Japan
- 9.5.7.1. Japan: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.5.7.2. Japan.: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.5.7.3. Japan: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.5.7.4. Japan: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.5.8. Ground Support Equipment Market - Malaysia
- 9.5.8.1. Malaysia: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.5.8.2. Malaysia.: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.5.8.3. Malaysia: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.5.8.4. Malaysia: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.5.9. Ground Support Equipment Market - Indonesia
- 9.5.9.1. Indonesia: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.5.9.2. Indonesia.: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.5.9.3. Indonesia: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.5.9.4. Indonesia: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.5.10. Ground Support Equipment Market - South Korea
- 9.5.10.1. South Korea: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.5.10.2. South Korea.: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.5.10.3. South Korea: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.5.10.4. South Korea: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.6. Ground Support Equipment Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.6.2. Middle East & Africa: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.6.3. Middle East & Africa: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.6.4. Middle East & Africa: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.6.5. Ground Support Equipment Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.6.5.2. Saudi Arabia: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.6.5.3. Saudi Arabia: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.6.5.4. Saudi Arabia: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.6.6. Ground Support Equipment Market - South Africa
- 9.6.6.1. South Africa: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.6.6.2. South Africa: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.6.6.3. South Africa: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.6.6.4. South Africa: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.6.7. Ground Support Equipment Market - Israel
- 9.6.7.1. Israel: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.6.7.2. Israel: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.6.7.3. Israel: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.6.7.4. Israel: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.6.8. Ground Support Equipment Market - UAE
- 9.6.8.1. UAE: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.6.8.2. UAE: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.6.8.3. UAE: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.6.8.4. UAE: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.7. Ground Support Equipment Market - Latin America
- 9.7.1. Latin America: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.7.2. Latin America: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.7.3. Latin America: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.7.4. Latin America: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.7.5. Ground Support Equipment Market - Mexico
- 9.7.5.1. Mexico: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.7.5.2. Mexico: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.7.5.3. Mexico: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.7.5.4. Mexico: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.7.6. Ground Support Equipment Market - Brazil
- 9.7.6.1. Brazil: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.7.6.2. Brazil: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.7.6.3. Brazil: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.7.6.4. Brazil: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
- 9.7.7. Ground Support Equipment Market - Argentina
- 9.7.7.1. Argentina: Ground Support Equipment Market, by Power Source, 2019-2032 (USD Million)
- 9.7.7.2. Argentina: Ground Support Equipment Market, by Type, 2019-2032 (USD Million)
- 9.7.7.3. Argentina: Ground Support Equipment Market, by Ownership, 2019-2032 (USD Million)
- 9.7.7.4. Argentina: Ground Support Equipment Market, by Platform, 2019-2032 (USD Million)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. John Bean Technologies Corporation
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Type Benchmarking
- 11.1.4. Recent Development
- 11.2. Jungheinrich AG
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Type Benchmarking
- 11.2.4. Recent Development
- 11.3. Weihai Guangtai Airport Equipment Co. Ltd
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Type Benchmarking
- 11.3.4. Recent Development
- 11.4. Tronair
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Type Benchmarking
- 11.4.4. Recent Development
- 11.5. TK Elevators
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Type Benchmarking
- 11.5.4. Recent Development
- 11.6. Sinfonia Technology
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Type Benchmarking
- 11.6.4. Recent Development
- 11.7. Textron Ground Support Equipment Inc
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Type Benchmarking
- 11.7.4. Recent Development
- 11.8. Mallaghan
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Type Benchmarking
- 11.8.4. Recent Development
- 11.9. Kalmar Motor
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Type Benchmarking
- 11.9.4. Recent Development
- 11.10. Sojitz Aerospace Corporation
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Type Benchmarking
- 11.10.4. Recent Development
- 11.11. AERO SPECIALTIES INC
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Type Benchmarking
- 11.11.4. Recent Development
- 11.12. Curtis Instruments Inc
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Type Benchmarking
- 11.12.4. Recent Development
- 11.13. Cavotec SA
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Type Benchmarking
- 11.13.4. Recent Development