Global Ground Support Equipments (GSE) Market Size, Share, Trends, Demand analysis till 2022
Global Ground Support Equipments (GSE) Market Overview:
The aviation industry has grown tremendously over the past few years. The overall growth in the industry means that its partner and support industries play a pivotal role in helping it grow. One such support industry is the ground support equipment market or the more colloquially abbreviated GSE. GSE is the support equipment found at the servicing area by the terminals at airports. GSE includes tools for handling passengers and cargo, ensuring maintenance, refuelling and other activities that are encapsulated from the time the aircraft is at the hangar, until it’s take-off.
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Global Ground Support Equipments (GSE) Market Size Analysis:
The GSE market is segmented into powered and non-powered equipment. The non-powered include dollies, chocks, service stairs etc. dealing with transportation of people and cargo. The powered equipment includes refuellers, tractors, buses, container loaders, catering vehicles and many more. The market can broadly also be classified as commercial cargo service, passenger service, military cargo service and military aircraft service, with the commercial cargo service and passenger service being expected to grow the highest in the coming years. Growing at a rate of 10.3% CAGR, the GSE industry is touted to reach USD 24 billion by 2022.
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Growing focus on developing airports around the country, increase in population with rise in the average spending limit of an individual coupled with low airfares are bound to augment air traffic. New emerging technology also boosts GSE’s growth contributing to better operational efficiency and safer flying patterns. This growth has also stimulated the foray into greener GSE that reduces carbon footprint. Recycling of equipment and investment in R&D for the same are being encouraged. However, because of the huge investments involved, not many players have a level playing field.
Global Ground Support Equipments (GSE) Market- Geographical Analysis:
Geographically, the global market for GSE is ruled by with North America owing to the fully advanced and largest air travel network. Governed by strict government regulations, the GSE industry is tightly monitored to ensure safety of passengers as well as employees at the airport. These regulations can be anything from quality of the equipment being used to the vehicle energy consumption.
Global Ground Support Equipments (GSE) Market Key players: This ensures large multinational manufacturers in this field like AERO Specialties, Inc., Aviapartner, TUG Technologies Corporation, Mallaghan Engineering, Ltd., DENGE Airport Equipment, Transtec Overseas Pvt. Ltd., John Bean Technologies Corporation, NEPEAN ENGINEERING & INNOVATION PTY LTD etc.
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