Ground Support Equipment Market Future Prospects Details for Industry Forecast 2018-2023

Global Ground Support Equipment Market involves the study of various GSE applications such as aircraft handling, passenger handling, and cargo handling. For instance, GSE such as deicers, ground power units, fuel trucks, pre-conditioned air (PCA) units, and hydrant trucks are especially deployed for aircraft handling. Equipment such as belt loaders/conveyors, cabin service vehicles, boarding stairs, lavatory service vehicles, and passenger buses serve the purpose of passenger handling. In addition, cargo/container loaders, pushback tractors, and forklifts are used for cargo handling application. Powered equipment consist of refuelers, ground power equipment, tugs & tractors, portable water truck, generators, baggage conveyor/belt loader, passenger buses, catering truck, passenger boarding stairs, air compressors, portable floodlights, air conditioners, container loaders, lavatory service vehicles, and de-icing vehicles. The equipment studied under non-powered GSE are chocks baggage carts, trestles, intake exhaust cover, oil cart, air cart, dollies, sling cables, ladders, and aircraft jacks.

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Over the years, the aviation industry has witnessed continuous growth in the development of ground support equipment. The ground support equipment market is widely driven by increase in air-traffic; upsurge in terminal expansions & modernization; increasing number of passengers; and increase in the number of aircraft deliveries across the world. However, the need for huge initial investments is the possible hindrances to the growth of the market.

The report focuses on the growth prospects and restraints of the GSE market based on the analysis of regional trends. The study provides Porters five forces analysis of the market to understand the impact of factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the market.

Some of the significant players in the GSE market that are profiled in the report are Tug Technologies Corporation, GATE GSE, Weihai Guangtai Airports Equipment Co., Ltd., Imai Aero-Equipment Mfg. Co. Ltd., Mallaghan Engineering, Ltd., AERO Specialties, Inc., Cavotec SA, Flightline Support Ltd., JBT Corporation, and Douglas Equipment Ltd.

Segment Overview

The ground support equipment market is categorized under type, application, and geography. Powered and non-powered equipment are the types of GSE. Further, the applications analyzed in the study are aircraft handling, passenger handling, and cargo handling.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA) including country-level analysis for each region.

Top Impacting Factors

According to the current and the future impact of the various factors impacting the global ground support equipment market, increased focus of airports on enhancing operational efficiency, increase in air traffic and cargo, and increased focus towards procurement of green GSE are projected to have a positive influence on the market during the forecast period. In addition, emerging use of wireless technology and high service standards are expected to boost the market growth. However, the impact of factors such as high costs involved is expected to diminish during the forecast period.

Increased Focus of Airports on Enhancing Operational Efficiency

Airports are making large and significant improvements to increase their operating efficiency and decrease the turnaround time. The emergence of underground GSE has helped enhance the speed of operations and has reduced the congestion of equipment on the airport. In 2012, Auckland airport deployed the Cisco IP Interoperability and Collaboration System (IPICS) solution, a solution that simplifies daily radio dispatch operations and allows organizations to rapidly respond to incidents, emergencies, and facility events, to improve its communication system and operational efficiency. The benefit of enhancing operational efficiency is that it helps in the reduction in the operational cost and increases profit. Therefore, it is important for the airport authorities to have competent ground support equipment.

Increase in Air Traffic and Cargo

Significant increase in the number of air passengers and cargo transportation has been witnessed across the globe. In addition, this growth is projected to continue throughout the forecast period, which is anticipated to increase the adoption of advanced GSE by airports. For instance, according to the World Bank, the number of air passengers worldwide increased by 6.9% in 2015 as compared to that in 2014. According to International Air Transport Association (IATA), 52.2 million metric tons of cargo was transported in 2015 and is predicted to increase at a 4.1% CAGR for the next 5 years. Thus, growing number of passengers as well as cargo has augmented the demand for ground support equipment.

Increased Focus Towards Procurement of Greener Gse

Clean and green environment is the need of the hour. Authorities presently focus on procurement of greener GSE that conforms to the stringent emission norms imposed by governments. Greener GSE would insure the reduction in the carbon footprint. Use of power coating paint instead of liquid painted GSE, manufacturing design equipment that can be folded or taken apart to maximize shipping size, use of electric vehicles, recycling of equipment are some examples of how airports can focus on greener GSE. Huge investment in research & development are made to accomplish the same.

Key Benefits

  • This study comprises analytical depiction of the global ground support equipment market with current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
  • The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2014 to 2022, which is provided to highlight the financial competency of the market.
  • Porters five forces analysis illustrates the potency of the buyers and suppliers in the ground support equipment industry.

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