Ground Support Equipment Market To Reach US$ 23.9 Billion By 2028 And Industry Growth (CAGR of 8.6%) | IMARC Group

What is the Market Size of Ground Support Equipment ? :

IMARC Group’s latest report, titled “Ground Support Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global ground support equipment market size reached US$ 14.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.6% during 2023-2028.

Ground Support Equipment ( Using Tool in Aircraft):

Ground support equipment (GSE) represent auxiliary tools that are specifically designed for supporting and optimizing aircraft operations. They comprise airplane push-backs, hook-ups, forklifts, carts, air-conditioning, container loaders, light-duty trucks, etc., that are used for towing, powering, and servicing purposes. In line with this, ground support equipment enable technician and ground crew to check the condition of the aircraft before the take-off, ensure mobility, handle baggage, etc. They help in enhancing operational efficiency, addressing and resolving aircraft-related issues instantly, generating a long-term return of investments (ROI) by minimizing additional expenses, etc. Presently, ground support equipment rely on non-electric, electric, and hybrid power sources.

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Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 

  • Aero Specialties Inc
  • Aeroservices Ltd
  • Cavotec SA
  • Curtis Instruments Inc
  • ITW GSE
  • Jalux Inc.,
  • John Bean Technologies Corporation
  • Mallaghan
  • Rheinmetall Aktiengesellschaft
  • Textron Ground Support Equipment Inc. (Textron Inc.)
  • TLD Group (Alvest Group) 
  • Weihai Guangtai Airport Equipment Co. Ltd

Ground Support Equipment Market Management, Technology and Development: 

The growing warehouse operations and the development of new terminals, gates, passenger service, etc., are primarily driving the ground support equipment market. Additionally, the rising consumer environmental consciousness has led government bodies across countries to invest extensively in maintenance, repair, and overhaul (MRO) to inhibit the release of greenhouse gas (GHG) emissions, which is further catalyzing the market growth. Besides this, the increasing number of air travels and the refurbishment of GSE products to fuel aircraft turnaround, eliminate additional costs, mitigate congestion and overall delays, etc., are acting as significant growth-inducing factors. Moreover, the widespread adoption of fleet management technology systems that aid in identifying detrimental operating behaviors and allow capturing of digital reports is positively influencing the global market. Apart from this, extensive R&D activities by key market players for introducing improved and efficient ground support equipment are also propelling the market growth. Furthermore, the escalating demand for collaborative decision-making (CDM) tools to enhance planning process is anticipated to fuel the ground support equipment market over the forecasted period.

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Key Market Segmentation: 

Breakup by Type:

  • Powered Ground Support Equipment
  • Non-Powered Ground Support Equipment 

Breakup by Power Source:

  • Electric
  • Non-Electric
  • Hybrid 

Breakup by Application:

  • Aircraft Handling 
  • Passenger Handling
  • Cargo Handling 

Key Highlights of the Report: 

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape 

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About Us: 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. 

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. 

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