Ground Support Equipment Market Size, Share, Growth Analysis, By Type(Aircraft Tractors, Passenger Boarding Bridges, Aircraft Tugs, Cargo Loaders and Others.), By Application(Commercial Airports, Military Airports, and Private Airports), By Region - Industry Forecast 2024-2031

Ground Support Equipment Market size was valued at USD 4.07 billion in 2021 and is poised to grow from USD 4.39 billion in 2022 to USD 8.07 billion by 2030, growing at a CAGR of 7.9% in the forecast period (2023-2030).

This market's growth can be attributed to various factors, including the increasing air passenger traffic, rising demand for efficient airport operations, and technological advancements in GSE. One of the key drivers behind the growth of the global ground support equipment market is the exponential growth in air passenger traffic worldwide. The aviation industry has been experiencing a steady rise in the number of air travelers, driven by factors such as increasing disposable incomes, tourism activities, and globalization of businesses. As airports strive to accommodate this surge in passenger numbers, the demand for ground support equipment, such as aircraft tugs, baggage handling systems, and passenger boarding bridges, has surged. Efficiency and safety are crucial aspects of airport operations, and this has further fueled the demand for advanced ground support equipment. Airlines and airport authorities are increasingly investing in modern GSE to enhance their operational capabilities, reduce turnaround times, and improve overall passenger experience. Automated and electric-powered ground support equipment are gaining traction due to their ability to reduce emissions, noise levels, and operating costs. Moreover, regulatory initiatives aimed at reducing carbon footprints and promoting sustainable practices have also played a significant role in shaping the global ground support equipment market. Airlines and airport operators are under increasing pressure to adopt eco-friendly technologies, which has led to the adoption of electric and hybrid GSE. Manufacturers in the industry are focusing on developing innovative and sustainable GSE solutions to meet these environmental demands. The market for ground support equipment is also witnessing technological advancements, which are further propelling its growth. Advancements in data analytics, telematics, and Internet of Things (IoT) have enabled the development of smart ground support equipment. These intelligent systems can collect and analyze real-time data, allowing operators to make data-driven decisions, optimize equipment performance, and minimize downtime.

US Ground Support Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.