Aircraft Ground Support Equipment Market Size to grow by USD 1662.3 million between 2024-2028
According to a research report “ Aircraft Ground Support Equipment Market” by Application (Passenger aircraft, Cargo aircraft, Military aircraft) Type (Powered ground support equipment, Non-powered ground support equipment) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1662.3 million, at a CAGR of 6.36% during the forecast period. The surge in air travel, driven by economic development in emerging markets like India, China, and Indonesia, as well as the global tourism boom, necessitates significant investments in Aircraft Ground Support Equipment (AGSE) market. Countries such as Spain, China, Italy, the UK, Germany, and Thailand, which experienced a rise in tourist arrivals in 2021, are prime markets for AGSE due to the increasing demand for efficient and reliable ground handling solutions..
Browse market data tables, figures, and in-depth TOC on “Aircraft Ground Support Equipment Market” by Application (Passenger aircraft, Cargo aircraft, Military aircraft) Type (Powered ground support equipment, Non-powered ground support equipment) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Application, the Passenger aircraft segment is projected to dominate the market size in 2024
The Aircraft Ground Support Equipment (AGSE) market plays a crucial role in ensuring the efficient and effective operation of aircraft. AGSE encompasses a range of equipment, including power units, air start units, de-icing equipment, and cargo handling systems. These tools facilitate the safe and timely preparation, maintenance, and boarding of aircraft, thereby enhancing overall aviation industry productivity.
By Type, Powered ground support equipment segment is expected to hold the largest market size for the year 2024
The Aircraft Ground Support Equipment (AGSE) market plays a crucial role in ensuring the efficient and effective operation of aircraft. AGSE encompasses a range of equipment, including power units, air start units, de-icing equipment, and cargo handling systems. These tools facilitate the safe and timely preparation, maintenance, and boarding of aircraft, thereby enhancing overall aviation industry productivity.
APAC is forecasted to hold the largest market size by region in 2024
The Aircraft Ground Support Equipment (AGSE) market plays a crucial role in ensuring the efficient and effective operation of aircraft. AGSE encompasses a range of equipment, including power units, air start units, de-icing equipment, and cargo handling systems. These tools facilitate the safe and timely preparation, maintenance, and boarding of aircraft, thereby enhancing overall aviation industry productivity.
The Aircraft Ground Support Equipment Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
In the dynamic realm of air travel and aviation industry, the significance of Airport infrastructure continues to expand. A crucial component of this infrastructure is Aircraft Ground Support Equipment (GSE), which plays a vital role in servicing aircraft during airline turnaround time. Telematics and autonomous systems are revolutionizing GSE operations, ensuring efficient and eco-friendly equipment utilization. Airport authorities oversee the rental services of these essential tools, catering to the demands of international air transport and tourism sectors. Advances in technology have led to the development of sustainable equipment, reducing the aviation industry's carbon footprint. GSE encompasses a wide range of machinery, from cargo handling equipment to aircraft maintenance tools. The defense sector also relies on these systems for military aircraft servicing. Passenger numbers and cargo transportation continue to soar, necessitating the need for a robust and technologically advanced GSE market. The market's growth is driven by the increasing air traffic and the constant pursuit of reducing turnaround time. The rental aircraft ground equipment segment is expected to witness significant growth due to its flexibility and cost-effectiveness. Aviation infrastructure's evolution is incomplete without the integration of advanced GSE systems.
Market Research Overview
The Aircraft Ground Support Equipment (GSE) market encompasses a range of alternative energy sources, including hydrogen fuel cells, for powering various equipment such as catering trucks, air conditioning units, ground power units, aircraft deicing trucks, and baggage loaders. The electric GSE segment is gaining traction as a power source due to its operational efficiency, maintenance needs, and fleet utilization. Airport operators, retailers, distributors, private enterprises, and GSE equipment providers form the market ecosystem, with safety requirements and regulatory standards being paramount. Decarbonization efforts are driving the adoption of eGSE chargers, airport e buses, and green innovation in the aviation industry. The market is also witnessing advances in technology such as telematics, autonomous systems, electrification, and automation, transforming transportation infrastructure in emerging economies and modernizing airport expansions. The military aviation sector and commercial segment rely on ground handlers for aircraft service, cargo loading, passenger service, and turnaround time. The reputation of airlines hinges on prompt delivery, trusted partnerships, and reliable technology, while air quality, carbon emissions, and environmental impact are key concerns.
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