Expected development of the Electric GSE sector, leadership position in the North American market

Global Ground Support Equipment Market

Dublin, June 04, 2024 (GLOBE NEWSWIRE) — “Global Ground Support Equipment Market by Platform (Commercial, Military), Point of Sale (Equipment, Maintenance), Type (Mobile, Fixed), Autonomy (Manned, Remotely Piloted, Autonomous ), Energy Source, Ownership and Regions – Forecast until 2029. report added to ResearchAndMarkets.com offering.

The Ground Support Equipment (GSE) market is poised for significant growth, forecast to grow from $6.1 billion in 2024 to $7.4 billion by the end of 2029, at a CAGR of 3.9% during this forecast period . With this financial surge, the market size is expected to increase from 38,592 units in 2024 to 44,761 units in 2029, which will underpin the growth and vitality of this sector in the global aerospace industry.

In 2024, the commercial segment, depending on the platform, is expected to maintain dominant market share. This dominance correlates with the growing demand for commercial aviation and associated requirements for fast and efficient ground services, which increases the need for ground support equipment. Commercial airports, facing enormous pressure to optimize aircraft and baggage handling, consider GSEs to be an essential element of their operations.

Electric GSE sector expected to grow

The electric segment of the GSE market, defined by energy source, is forecast to record the highest growth rate during this period. Operating cost savings combined with increased energy efficiency make the electric GSE the best choice for profitable and sustainable airport operations around the world.

North American market leader

The North America region is expected to maintain the highest market share in 2024, driven by strong economic growth that is driving demand for air travel and consequently underpinning significant investment in airport infrastructure. North American airports are taking advantage of a healthy economic environment to invest in maintaining and modernizing GSE fleets.

Dynamics of industry participants

The ground support equipment market has an eclectic mix of stakeholders, with key players representing various tiers and designations spread across multiple geographic regions. These key players play a role in shaping the competitive landscape and developing the GSE domain.

Research insights and strategic implications

Broad market segmentation provides perspective on various aspects of the GSE industry, from types and levels of autonomy to energy sources and ownership structures. This detailed analysis facilitates a deeper understanding of market dynamics and emerging trends. It also highlights the strategic rationale for stakeholders to support market penetration, support product development, explore market diversification, and engage in competitive benchmarking.

The collective research insights provided offer a comprehensive analysis of the business environment and equip industry stakeholders with essential information to help them make informed decisions and strategic planning. The ground support equipment market trajectory represents a pivotal role in the evolution of the aviation sector, highlighting the interdependencies between market forces and industry development.

Key Features:

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Featured companies

• Oshkosh Company

• China International Marine Containers (Group) Ltd.

• Tcr Group

• Weihai Guangtai Airport Equipment Co. Limited

• Textron Specialty Vehicles

• Jungheinrich AG

• Tronair Inc.

• Elevator Tk

• Teleflex Lionel-Dupont (Tld)

• This is Gse

• Toyota Material Handling, Inc.

• Rheinmetall AG

• Jalux sp.

• Sinfonia Technology Co. Ltd.

• Malaghan

• Solutions for Dabico airports

• Aviramp limited liability company

• Cobus Industries GmbH

• Adelte Sl. Group

• Mulag Fahrzeugwerk

• Xcēd Gse

• Aero kit

• Wilcox Gse

• Agse

• Advanced charging technologies

More information about this report can be found at https://www.researchandmarkets.com/r/z90gqg

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