The Europe Ground Support Equipment Market would witness market growth of 5.7% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Ground Support Equipment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $801.3 million by 2031. The UK market is exhibiting a CAGR of 4.8% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.5% during (2024 - 2031).
Despite growth opportunities, the market faces challenges, including budget constraints for airport infrastructure investments, environmental concerns related to emissions and noise pollution, from fragmented equipment fleets and maintenance practices. As airports evolve and modernize to meet the growing demands of air travel, the market is poised to play an indispensable role in supporting the future of aviation ground operations.
On the other hand, governments collaborate with industry stakeholders, including GSE manufacturers, airlines, and airport operators, to develop strategies and initiatives that support sustainable growth in the aviation sector. This collaboration fosters innovation, investment, and technological advancement in the market to meet the evolving needs of airports.
Increasing passenger traffic necessitates the expansion of ground transportation services, such as shuttle buses, passenger vans, and taxis, to transport passengers between airport terminals, parking lots, and public transportation hubs. This creates demand for GSE used in passenger transport operations, including vehicles equipped with wheelchair ramps, luggage compartments, and passenger amenities. According to Eurostat, in 2023, for intra-EU transport, in 2022, Finland recorded the greatest increase of +231.4%, transporting 8.6 million passengers, while Spain carried the most passengers with 94 million. Therefore, growing passenger numbers in the Europe region stimulate demand in the market.
Free Valuable Insights: The Global Ground Support Equipment Market will Hit USD 12.1 Billion by 2031, at a CAGR of 6%
Based on Type, the market is segmented into Powered (GSE) and Non-powered (GSE). Based on Application, the market is segmented into Aircraft Handling, Passenger Handling and Cargo Handling. Based on Power Source, the market is segmented into Non-Electric, Electric and Hybrid. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type
By Application
By Power Source
By Country
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