According to a new report, published by KBV research, The Global Ground Support Equipment Market size is expected to reach $12.1 billion by 2031, rising at a market growth of 6.0% CAGR during the forecast period.
The Powered ground support equipment (GSE) segment is experiencing a CAGR of 5.7 % during the forecast period. Powered ground support equipment supports various cabin service operations, including catering, cleaning, and passenger boarding. Catering trucks deliver meals and beverages to aircraft while cleaning vehicles to remove waste and debris from cabins. Passenger boarding bridges (jet bridges) provide a secure and convenient bridge between the terminal gate and aircraft door for passenger embarkation and disembarkation. Hence, these aspects will boost the demand in the segment.
The Aircraft Handling segment is leading the Global Ground Support Equipment Market by Application in 2023, thereby achieving a market value of $5.3 billion by 2031. The aircraft handling segment of the ground support equipment market is integral to the safe, efficient, and reliable operation of airports and air transportation infrastructure worldwide. By providing essential equipment and services for aircraft handling, maintenance, and passenger services, this segment plays a vital role in supporting the aviation industry and ensuring the smooth flow of air traffic. Thus, owing to these factors, the segment will witness enhanced demand in the coming years.
The non-electric segment is registering a CAGR of 5.7 % during the forecast period. Non-electric segments play important roles in airport operations, providing essential support services for aircraft handling, maintenance, and ground transportation without relying on electric power sources. For example, manual baggage carts manually transport luggage and cargo around airports without any electric propulsion. Conventional aircraft tugs push back, tow, and reposition aircraft on the ground. While electric tugs are becoming more common, many airports still use conventional, non-electric tugs powered by diesel or other fuel types. Therefore, these factors will help in the expansion of the segment.
Full Report: https://www.kbvresearch.com/ground-support-equipment-market/
The North America region dominated the Global Ground Support Equipment Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4 billion by 2031. The Europe region is poised to grow at a CAGR of 5.7% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 6.6% during (2024 - 2031).
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