Asia Pacific Ground Support Equipment Market Size, Share & COVID-19 Impact Analysis, By Type (Tugs & Tractors, Pushback Tractors, Passenger Boarding Lift & Steps, Belt Loader, Hi-Lift Loader, De/ Anti Icing Vehicle, Water Service Vehicle, Lavatory Service Vehicle, and Others) By Power Source (Non-Electric GSE, Electric GSE, Hybrid GSE, Fuel Cell Vehicle, and Advanced GSE) By Ownership (New Sales, Used Sales, and Rental/ Lease), and Regional Forecast, 2023-2031

The Asia Pacific is the fastest-growing region in the global ground support equipment market. The region is anticipated to grow at a CAGR of 6.75% during the forecast period. The global ground support equipment market is projected to grow from USD 7.14 billion in 2022 to USD 13.32 billion by 2031.

The growing adoption of ground support equipment has led key market players in the region to increase their R&D investments for introducing new services. A large investment in a new airport project in developing countries like India will drive demand for improved GSE. A rise in demand for the automation of GSE in airports for better and smooth operations is driving the equipment market by application in the Asia Pacific. Additionally, increased domestic and international passenger transport is anticipated for the rest of the ground support equipment market and aviation industry.

Our Asia Pacific ground support equipment market share covers the following countries/regions: Japan, East Asia, South-east Asia, and the Rest of Asia Pacific.

LATEST TRENDS

Rise in Technological Advancements Toward Green Airport Development and Investments by the Governments is the Prominent Market Trend

A recent trend of growing adoption of technologically advanced GSE enabled with low emission rates creates green airports, which are gaining popularity. The GSE is cost- and energy-efficient and runs at a variable speed to reduce emissions such as NOx. Additionally, technological advancements, such as autonomous driving and electrification of towing vehicles and aircraft pushback tugs, are anticipated to reduce occupational hazards and ground emissions. For instance, in May 2021, New Delhi Airport in India became the world’s first airport operators to operate with over 1,000 taxi boats, reducing carbon emissions significantly. Numerous initiatives are being taken by regulatory authorities around the region, thereby propelling the demand for aircraft handling systems during the forecast period.

DRIVING FACTORS

Increase in Number of Airports leading to Market Growth

A continuous increase in air travel in developing countries such as China and India is expected to increase demand for new airports in major countries due to surge in air passengers. The Ministry of Civil Aviation's Vision 2040 report mentions that by 2040 there will be over 200 operating airports in India. Hence, as the number of airports increases, the demand for ground support equipment is anticipated to increase, driving the growth of GSE. Additionally, the emergence of green airports will aid the growth of sustainable GSE demand adding to the sustainable initiatives by the government. Numerous businesses and governments are anticipated to invest heavily in GSEs owing to the growing number of airports in the region. These factors drive Asia Pacific ground support equipment market growth.

RESTRAINING FACTORS

Inadequate Airport Infrastructure to Limit Market Growth 

Despite the growing demand for ground support equipment in the market owing to an increasing number of airports, the absence of adequate infrastructure, such as charging ports for electric vehicles, is expected to cause a hindrance in the growth of the market. Airports need to be enhanced to provide adequate infrastructure to support GSE with new technological advancements.      

KEY INDUSTRY PLAYERS

In terms of the competitive landscape, Sojitz Aerospace Corporation is the key player in the Asia Pacific market, owing to its wide area of operation and strong service offerings, as active involvement in R&D investments to accelerate product launches and approvals in the forecast period. Other prominent players, such as Gungtai, lead the market due to their strong distribution network and diverse aesthetic indications for their services portfolio. Other major players are Sinfonia Technology Co. Ltd. and others. These companies are focused on strengthening their service portfolio and distribution network through strategic collaboration and partnerships to increase their market share in the Asia Pacific market.

LIST OF KEY COMPANIES PROFILED:

• Weihai Guangtai Airport Equipment (China)


• SINFONIA TECHNOLOGY CO. LTD. (Japan)


• Sojitz Aerospace Corporation (Japan)


• Air India Air Transport Services Ltd. (India)


• Air India SATS Ltd. (India)


• Bhadra International Pvt. Ltd. (India)


• Australian Airport Services (Australia)


• GSE Services Pty Ltd. (Australia)

KEY INDUSTRY DEVELOPMENTS:

• April 2023: The Inter Airport Southeast Asia (IASA) unveiled the closure of Exhibit 2023, held in Singapore. The two-day exhibition showcased high-level technically equipped ground support equipment by companies and key players around the world. After a four-year hiatus, IASEA saw 150 exhibitors and 3,131 trade attendees to congregate at the biennial event.


• June 2021: India’s leading domestic carrier, Indigo, announced that they had automated ground support equipment solutions last year and successfully reduced emissions by over 1200 tonnes, which amounted to about a 5% decrease. Some eco-friendly solutions the company took are portable baggage transfer belts, battery-operated baggage freight, battery swapping using monorail cranes, and others.  


• August 2022: Telangana, a state in India, planned to revitalize three old airports and create three Greenfield airports. The airports are expected to be made in Adilabad, Nizamabad, and Warangal. Shamshabad International Airport, situated on Hyderabad's outskirts, is Telangana's major civil aviation facility.

REPORT COVERAGE

The market report provides quantitative and qualitative insights on the market and a detailed analysis of the Asia pacific growth rate and market size for all possible segments in the market. Along with the Asia pacific ground support equipment market forecast, the research report provides a descriptive analysis of the competitive landscape porter’s five forces analysis and market dynamics. Various key insights presented in the report are overview of the number of procedures, an overview of price analysis of types of products and services offered, overview of the regulatory scenario by key countries, pipeline analysis, new service launches, key industry developments – mergers, acquisitions & partnerships and, the impact of COVID-19 on the market.