Airport ground support equipment Market Size to Grow by USD 1630.63 Million From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation - Technavio

NEW YORK, Nov. 3, 2022 /PRNewswire/ -- The Global Airport Ground Support Equipment Market share is set to increase by USD 1630.63 million from 2022 to 2027. In addition, the market's growth momentum will accelerate at a CAGR of 4.27% as per the latest market forecast report by Technavio. The market will also record a 3.28% Y-O-Y growth rate during the forecast period.

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Global Airport Ground Support Equipment Market - Parent Market Analysis

Technavio categorizes the Global Airport Ground Support Equipment (GSE) Market as a part of the global aerospace and defense market within the global capital goods market. The parent, global aerospace and defense market covers products and companies engaged in the production of aerial platforms used under commercial and general aviation; defense platforms used under naval, land, and air domains; arms and ammunition; defense electronics; defense logistics equipment; and space platforms, equipment, and launch vehicles. The aerospace and defense market also encompasses maintenance, overhaul, and repair (MRO) activities related to commercial and general aviation and defense sectors. Technavio calculates the global capital goods market size based on the combined revenue generated by the manufacturers/providers for industries such as aerospace and defense, building, construction and engineering, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors. 

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Global Airport Ground Support Equipment Market Characteristics with Five Forces–

The Global Airport Ground Support Equipment Market is fragmented and the five forces analysis by Technavio gives the accurate vision –

• Bargaining Power of Buyers
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
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   Global Airport ground support equipment Market – Customer Landscape  
• The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence. 
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Global Airport Ground Support Equipment Market - Segmentation Assessment

Geography Segment Overview

Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Airport Ground Support Equipment Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Airport Ground Support Equipment Market size and actionable market understandings.

Regional Highlights:

• North America is the fastest-growing region in the global airport ground support equipment market compared to other regions. 31% growth will originate from North America. The presence of various notable players from the aircraft manufacturing supply chain supports aircraft and airport GSE manufacturing activities across North America. Also, the recovery of the US economy has resulted in increased domestic air travel, which has contributed significantly to the demand for airport GSE. Moreover, commercial airlines operating in the region are increasingly inclining toward inducting new-generation aircraft. This is creating numerous opportunities for airport GSE providers, as effective handling of the new-generation aircraft becomes vital for airline companies to ensure effective performance and maximum uptime.

Type Segment Overview

• The Global Airport Ground Support Equipment Market as per type segmentation is categorized into Powered airport GSE and Non-powered airport GSE.
• Revenue Generating Segment - The segment includes towing tractors, lifts and loaders, ground power units, refuelers, buses, air start units, portable water trucks, lavatory service vehicles, catering vehicles, and de-icing vehicles. The adoption of powered airport GSE is expected to increase during the forecast period, as they are easy to use and contribute significantly to the efficiency and productivity of airport operations. The increasing air traffic and cargo transportation worldwide is the major driver for the growing adoption of powered airport GSE. In addition, the demand for regional aircraft is constantly growing due to the commercialization of new routes and point-to-point connections. This will lead to a rise in the adoption of powered airport GSE in regional airports.

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Global Airport Ground Support Equipment Market – Market Dynamics

Major Driver Boosting the Market

• The rise in the construction and upgrades of airports is one of the major factors driving the growth of the market. The number of air passengers has increased over the years owing to economic development in emerging countries such as India, China, and Indonesia.
• Also, countries such as Spain, China, Italy, the UK, Germany, and Thailand had observed an increase in the number of tourist arrivals in 2019. Such an increase in the number of international tourists has surged investments in new airport construction and upgrades.
• Airport GSE is necessary for effective airport operations. With the proliferation of air travel passengers, the demand for airport GSE has increased as it facilitates efficient airport operations.

Major Trends influencing the growth of the market

• The growing adoption of GSE pooling is identified as one of the key trends in the market. GSE pooling is an efficient ground-handling procedure adopted by airport operators to increase efficiency and reduce costs.
• GSE pooling is the supply of GSE or GSE solutions for use by several airline ground handlers of a specific airport. This reduces the congestion in the terminals and, subsequently, improves airport passenger capacity. GSE pooling reduces the need for airport GSE by about 24% at a specific airport, which, in turn, reduces the cost associated with purchasing new airport GSE and maintenance costs.
• Major airports across the world are adopting the GSE pooling concept. For instance, in 2017, London Luton Airport launched the GSE pooling program in collaboration with the airport's two ground handling agents, Menzies Aviation plc and Swissport International AG. Technavio expects the popularity of GSE pooling to grow across the world as the rising air traffic is leading to a shortage of space at airport terminals.

Major Challenges interrupting the market growth

• The cost pressure on airport GSE manufacturers will challenge the growth of the market during the forecast period. Intense competition among manufacturers and surging consumer demand require OEMs to operate within strict cost parameters while remaining profitable.
• Additionally, as the supply base is small due to consolidation, suppliers diversify by manufacturing various components. This diversification is capital-intensive and comes with new services such as the design and development of new parts.
• Hence, suppliers find it difficult to keep costs low. Airport GSE consists of various elements that are combined into one single unit, and this unit demands high costs due to its components and quality requirements.

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19-impacted market research reports.

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Airport ground support equipment Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist airport ground support equipment market growth during the next five years
• Estimation of the airport ground support equipment market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the airport ground support equipment market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of airport ground support equipment market vendors

Related Reports:

• The airport non-aeronautical revenue market share is expected to increase by USD 46.93 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9.1%. The airport non-aeronautical revenue market is segmented by product (concessionaries, parking and car rentals, land rentals, terminal rent by airlines, and other services) and geography (APAC, North America, Europe, South America, APAC, North America, Europe, and South America).
• The airport smart baggage handling solutions market share is expected to increase by USD 676.8 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.16%. The airport smart baggage handling solutions market is segmented by product (smart baggage and tracking devices and smart baggage screening devices) and geography (APAC, North America, Europe, MEA, and South America).

Table Of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Power Rating
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global airport ground support equipment market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global airport ground support equipment market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Power rating Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Power rating Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Powered airport GSE - Market size and forecast 2022-2027
• Exhibit 34: Chart on Powered airport GSE - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Powered airport GSE - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Powered airport GSE - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Powered airport GSE - Year-over-year growth 2022-2027 (%)

• 6.4 Non-powered GSE - Market size and forecast 2022-2027
• Exhibit 38: Chart on Non-powered GSE - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Non-powered GSE - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Non-powered GSE - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Non-powered GSE - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type
• Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Power Rating

• 7.1 Market segments
• Exhibit 43: Chart on Power Rating - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Power Rating - Market share 2022-2027 (%)

• 7.2 Comparison by Power Rating
• Exhibit 45: Chart on Comparison by Power Rating
• Exhibit 46: Data Table on Comparison by Power Rating

• 7.3 Electric - Market size and forecast 2022-2027
• Exhibit 47: Chart on Electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Electric - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Electric - Year-over-year growth 2022-2027 (%)

• 7.4 Non-electric - Market size and forecast 2022-2027
• Exhibit 51: Chart on Non-electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Non-electric - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Non-electric - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Non-electric - Year-over-year growth 2022-2027 (%)

• 7.5 Hybrid - Market size and forecast 2022-2027
• Exhibit 55: Chart on Hybrid - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Hybrid - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Hybrid - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Hybrid - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Power Rating
• Exhibit 59: Market opportunity by Power Rating ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors
• Exhibit 111: Matrix on vendor position and classification

• 12.3 AERO Specialties Inc.
• Exhibit 112: AERO Specialties Inc. - Overview
• Exhibit 113: AERO Specialties Inc. - Product / Service
• Exhibit 114: AERO Specialties Inc. - Key offerings

• 12.4 Alvest SAS
• Exhibit 115: Alvest SAS - Overview
• Exhibit 116: Alvest SAS - Product / Service
• Exhibit 117: Alvest SAS - Key news
• Exhibit 118: Alvest SAS - Key offerings

• 12.5 Cavotec SA
• Exhibit 119: Cavotec SA - Overview
• Exhibit 120: Cavotec SA - Business segments
• Exhibit 121: Cavotec SA - Key offerings
• Exhibit 122: Cavotec SA - Segment focus

• 12.6 Curtis Instruments Inc.
• Exhibit 123: Curtis Instruments Inc. - Overview
• Exhibit 124: Curtis Instruments Inc. - Product / Service
• Exhibit 125: Curtis Instruments Inc. - Key offerings

• 12.7 ITW GSE ApS
• Exhibit 126: ITW GSE ApS - Overview
• Exhibit 127: ITW GSE ApS - Product / Service
• Exhibit 128: ITW GSE ApS - Key news
• Exhibit 129: ITW GSE ApS - Key offerings

• 12.8 John Bean Technologies Corp.
• Exhibit 130: John Bean Technologies Corp. - Overview
• Exhibit 131: John Bean Technologies Corp. - Business segments
• Exhibit 132: John Bean Technologies Corp. - Key offerings
• Exhibit 133: John Bean Technologies Corp. - Segment focus

• 12.9 Mallaghan GA Inc.
• Exhibit 134: Mallaghan GA Inc. - Overview
• Exhibit 135: Mallaghan GA Inc. - Product / Service
• Exhibit 136: Mallaghan GA Inc. - Key news
• Exhibit 137: Mallaghan GA Inc. - Key offerings

• 12.10 MULAG Fahrzeugwerk GmBH u Co. KG
• Exhibit 138: MULAG Fahrzeugwerk GmBH u Co. KG - Overview
• Exhibit 139: MULAG Fahrzeugwerk GmBH u Co. KG - Product / Service
• Exhibit 140: MULAG Fahrzeugwerk GmBH u Co. KG - Key offerings

• 12.11 Rheinmetall AG
• Exhibit 141: Rheinmetall AG - Overview
• Exhibit 142: Rheinmetall AG - Business segments
• Exhibit 143: Rheinmetall AG - Key news
• Exhibit 144: Rheinmetall AG - Key offerings
• Exhibit 145: Rheinmetall AG - Segment focus

• 12.12 Sojitz Aerospace Corp.
• Exhibit 146: Sojitz Aerospace Corp. - Overview
• Exhibit 147: Sojitz Aerospace Corp. - Product / Service
• Exhibit 148: Sojitz Aerospace Corp. - Key offerings

• 12.13 TCR International N.V.
• Exhibit 149: TCR International N.V. - Overview
• Exhibit 150: TCR International N.V. - Product / Service
• Exhibit 151: TCR International N.V. - Key offerings

• 12.14 Textron Inc.
• Exhibit 152: Textron Inc. - Overview
• Exhibit 153: Textron Inc. - Business segments
• Exhibit 154: Textron Inc. - Key offerings
• Exhibit 155: Textron Inc. - Segment focus

• 12.15 Tronair Inc.
• Exhibit 156: Tronair Inc. - Overview
• Exhibit 157: Tronair Inc. - Product / Service
• Exhibit 158: Tronair Inc. - Key offerings

• 12.16 Vestergaard Co.
• Exhibit 159: Vestergaard Co. - Overview
• Exhibit 160: Vestergaard Co. - Product / Service
• Exhibit 161: Vestergaard Co. - Key news
• Exhibit 162: Vestergaard Co. - Key offerings

• 12.17 Weihai Guangtai Airport Equipment Co. Ltd
• Exhibit 163: Weihai Guangtai Airport Equipment Co. Ltd - Overview
• Exhibit 164: Weihai Guangtai Airport Equipment Co. Ltd - Product / Service
• Exhibit 165: Weihai Guangtai Airport Equipment Co. Ltd - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations
• Exhibit 172: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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