Ground Support Equipment Market Is Expected To Grow At a CAGR Of 11.0% FROM 2018-2027.

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According to Stratistics MRC, the Global Ground Support Equipment Market is accounted for $11.8 billion in 2015 and is expected to reach $20.06 billion by 2022 growing at a CAGR of 11.0%. Increasing number of air passengers and high expenditure by airport authorities on eco-friendly ground support equipment to improve their operational efficiency are some of the factors driving the market. However, the usage of worn equipment is restricting market growth. The availability of Just-In-Time Spares is the key challenge to the market.

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Ground support equipment (GSE) is designed to support the operations of an aircraft whilst it is at the airport. GSE comprises airplane push-back & hook-up, forklifts & lifts, carts, vehicles, air-conditioning tugs, belt & container loaders, light-duty trucks, and other equipment that serve the purpose of powering, towing, and servicing. Further, such equipment enables passenger handling, baggage handling, aircraft mobility, repair, service, and maintenance functions. Many airlines are either own/maintain GSE or possess full service leasing from equipment management companies.

Opportunity: Outsourcing maintenance, repair, and overhaul (MRO) to third party and Focus on efficiency and reduction of time lag would provide ample opportunities for the market growth.

Airport authorities can outsource maintenance, repair, and overhaul of GSE (expenditure of 13 to 15% of total revenue according to an India Brand Equity Foundation (IBEF) report) so that they can focus on key business strategy. It is anticipated to increase the speed and improve quality of service delivery. This, in turn, is opportunistic for the ground support equipment market expansion. Necessity of high optimization and efficiency define high recital of the equipment. High rate of growth of air traffic with a relatively low rate of development of airports and the construction of new ones leads to decrease in the time of service per flight. To do so, equipment which is previously used are being replaced by new and more efficient ones. Any bottleneck in the line of process will delay other flights in line and augment the operational cost as well. Moreover, the preference towards utilization of ground support equipment market will increase because of its efficacy to reduce time lag.

Driver: Rise in focus of airports on enhancing operational efficiency will drive the market growth

Airports are making large and significant improvements to increase their operating efficiency and decrease turnaround time. The emergence of underground GSE has helped enhance the speed of operations and reduced the congestion of equipment on airports. Various tools are being developed to improve the overall operational efficiency. For instance, airports in Latin America and the Caribbean are using Collaborative Decision Making (CDM) tool for their operational efficiency since June 2019. Airport-CDM increases the predictability of operating by improving the quality of planning and increasing the situational awareness, which is based on real time information exchange. The benefit of enhancing operational efficiency is that it helps in the reduction of operational cost and increases profit. Therefore, it is important for airport authorities to have competent ground support equipment.

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Depending on the equipment type, electric ground support equipment segment is anticipated to grow at the significant rate during the forecast period, due to the benefits offered including lower noise, no emissions, and higher efficiency. Moreover, compliance to stringent regulatory norms along with reduced maintenance requirements further accentuates the segment growth. This equipment comprises all the towing tractors, lifts and loaders, power units and other aircraft utilities and services. Electric equipment helps a faster and efficient management of aircraft passengers and cargo services. The power supplying equipment with generators and lighting equipment are also used widely for aircraft service and management. With consistent rise in air traffic and cargo transportation, electric ground support equipment is also expected to maintain its dominance in the future.

By geography, North America is expected to have considerable market growth during the forecast period, owing to the presence of multiple airports across the region. Additionally, increasing frequency of aircraft landing and take-off operations along with increasing adoption of electric GSE in such airports for reducing carbon footprint are further expected to support the industry growth over the projected timeframe. A consistent rise in the aviation industry has been observed in the past few years in North America especially in the U.S. increasing trade activities and passenger transportation has encouraged the growth of aviation industry in this region. Therefore, the demand for ground support equipment has also shown considerable growth along with the aviation industry. The U.S. contributes the majority of market share in overall GSE market in terms of revenue.

Some of the key players in global ground support equipment market include Weihai Guangtai Airports Equipment Co., Ltd., Gate GSE, Tug Technologies Corporation, IMAI Aero-Equipment Mfg.Co. Ltd., Mallaghan Engineering, Ltd., Aviapartner, Nepean Transport Pty Ltd., Teleflex Lionel-DuPont (TLD), John Bean Technologies Corporation, Cavotec SA and Toyota Industries Corp.  

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John Bean Technologies Corporation: In June, 2017, JBT Corporation has signed an agreement to acquire Aircraft Maintenance Support Services, Ltd. (AMSS), a privately held manufacturer of military aviation equipment based in the United Kingdom. AMSS provides AeroTech segment a focused strategic investment that will enhance our military offerings and provide with expanded access to foreign militaries with JBT’s existing products.

Cavotec SA: In Oct, 2015, Cavotec has introduced its innovative Series 2500+ ground power unit. The system, readily combined with a 400Hz modular coiler (PowerPack I-connect), has been designed for the global market and to meet airlines’ growing environmental and operational requirements. The Series 2500+ meets the growing power load requirements of new generation passenger aircraft, as well as operational efficiency demands. While the maximum power load many existing converters deliver is around 400%, the 2500+ is a 90kW solid state frequency converter that guarantees 500% overload. The Series 2500+ is compatible with Europe’s 50Hz power standard, as well as North America’s 60Hz. It also incorporates dual output facilitating MARS gates and MRO hangars, and has also been designed for operation in ambient conditions of up to 60 degrees Celsius.

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