The North America Ground Support Equipment Market would witness market growth of 5.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Ground Support Equipment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,910.3 million by 2031. The Canada market is experiencing a CAGR of 7.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.9% during (2024 - 2031).
The market stands as a critical pillar in the aviation industry, facilitating the efficient operation and maintenance of aircraft on the ground. At the center of this market lie various types of equipment designed to handle diverse tasks, including aircraft towing and maneuvering, ground power supply, air start assistance, baggage and cargo handling, passenger boarding, refueling operations, deicing, and maintenance support.
These essential functions ensure seamless and safe ground operations, improving air travel’s efficiency and reliability. Furthermore, the market for GSE is characterized by its broad scope and diverse range of applications. Equipment types encompass powered and non-powered vehicles, ranging from aircraft tugs and pushback tractors to ground power units, baggage loaders, passenger boarding bridges, and deicing vehicles.
The growth of tourism in North America stimulates demand for air travel, which drives growth in the aerospace industry. According to the Government of Mexico statistics, in 2022, 66 million international visitors arrived in Mexico, which is 10 million 695 thousand more visitors compared to 2021, which represents an increase of 19.3%. During 2022, 20.6 million international visitors arrived by air, 46.3% higher than in 2021. the growth of North America’s aerospace industry drives demand for a wide range of GSE to support aircraft manufacturing. According to the International Trade Administration (ITA), in 2023, Canada’s aerospace industry contributed over C$27 billion (approximately US$20.8 billion) in GDP in 2022. Montréal was the world’s third largest aerospace hub after Seattle, Washington, and Toulouse, France, and contributes to over 75% of Canadian aerospace research and development (R&D). Thus, the growth of North America’s aerospace industry and the remarkable increase in tourism drive the demand for the market.
Free Valuable Insights: The Ground Support Equipment Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
By Type
By Application
By Power Source
By Country
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