Ground Support Equipment Market to Record CAGR of 8.79% Over 2025-2032; Rising Need to Improve Operational Efficiency to Boost Product Adoption

The ground support equipment market size was valued at USD 9.17 billion in 2024 and is expected to reach USD 9.67 billion in 2025. The market is projected to reach USD 17.44 billion by 2032, recording a CAGR of 8.79% during the forecast period.

Fortune Business Insights™ presents this information in its latest report titled “Ground Support Equipment Market Size, Share & Industry Analysis, By Type (Tugs & Tractors (Baggage and Cargo), Pushback Tractors (Conventional Tractors and Tow-Bar Less Tractor), Passenger Boarding Lift & Steps, Belt Loader, Hi-Lift Loader, De/Anti Icing Vehicle, Water Service Vehicle, Lavatory Service Vehicle, Air Start Unit, 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, 2025-2032”

Ground support equipment is a service-providing equipment, which includes refueling, towing airplanes, cleaning, de-icing, portable water storage, freight carts, passenger service, fire-fighting, and emergency services. This equipment is utilized at airports to service the aircraft after touchdown and before takeoff and consists of cargo loading, mobility, and passenger loading operations. The increasing volume of air traffic is expected to fuel the demand for this equipment, thereby accelerating the market growth.

The COVID-19 pandemic had a negative impact on the progress of this market as the frequency of air travel declined considerably due to nationwide lockdowns and other movement restrictions. This scenario forced many airlines to either operate at reduced capacity or shut down completely to mitigate their financial losses. This decreased the demand for this equipment.

Mallaghan Launched Advanced Belt Loader, Signifying Advancements in GSE Innovation

Mallaghan, one of the most prominent producers of airport Ground Support Equipment (GSE), announced the launch of a cutting-edge conventional belt loader named SkyBelt. The Mallaghan SkyBelt, which will be made at the company’s factories in Atlanta, Georgia and Dungannon, North Ireland, is a revolutionary aircraft baggage loader that will signify a major improvement in GSE innovation.

Rising Need to Improve Operational Efficiency to Boost Product Adoption

Air carriers are increasing their focus on reducing their average turnaround and boost their overall operational efficiency to better serve their customers. These factors have accelerated the construction of underground ground support equipment, which has helped airlines decrease their operational time and congestion of equipment at airports. These advantages offered by the equipment will enhance its adoption.

However, many emerging countries do not have a proper airport infrastructure, which can hinder the ground support equipment market growth.

Key Companies to Focus On Business Expansion to Remain Competitive

Some of the key companies operating in this market are increasing their focus on expanding their business operations by signing a wide range of long-term contracts with airlines from different countries. They are also engaging in partnerships and acquisitions to assert their dominance in the market.

Notable Industry Development:

• May 2024 – Dnata, one of the leading global air and travel services provider, signed some major contracts with key manufacturers, establishing five-year global framework deals for new Ground Support Equipment (GSE) at the Dubai Airport Show. These deals are valued at more than USD 210 million throughout their duration.

List of the Companies Profiled in the Report:

• Aero Specialties Inc. (U.S.)


• Cavotec SA (Switzerland)


• ITW GSE (U.S.)


• JBT Corporation (U.S.)


• Rheinmetall AG (Germany)


• Textron Ground Support Equipment Inc. (U.S.)


• Curtis Instruments Inc. (U.S.)


• Weihai Guangtai Airport Equipment (China)


• Kalmar Motor AB (Sweden)


• Mallaghan (Ireland)


• SINFONIA TECHNOLOGY CO. LTD. (Japan)


• Sojitz Aerospace Corporation (Japan)


• TLD (France)


• Tronair (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/ground-support-equipment-market-101823

Further Report Findings

• North America dominated the global ground support equipment market share in 2023 as the region is witnessing strong growth in its aviation sector. Also, many market players across North America are boosting their research & development investments to develop advanced equipment for the aviation industry.


• Asia Pacific will also showcase promising growth in the global market as many emerging economies across the region, such as China and India are increasing their investments in their aviation industries. Moreover, rapid urbanization has also increased the volume of air travel, which will further spur the regional market’s growth.


• Based on ownership, the new sales segment held a dominant position in the market in 2024. The segment’s dominance is due to a considerable rise in the number of air travelers and increased expenditure on modernizing the airports across the world.

Table of Segmentation