The global ground support equipment market was valued at USD 9.17 billion in 2024 and is expected to grow from USD 9.67 billion in 2025 to USD 17.44 billion by 2032, registering a CAGR of 8.79% during the forecast period. North America led the market in 2024 with a 30.10% share, driven by strong demand in the U.S., where the market is projected to reach USD 3,204.3 million by 2032.
The global ground support equipment market is poised for significant growth, fueled by rising air passenger traffic, expanding airport infrastructure projects, and the increasing need for efficient aircraft handling and maintenance operations. Technological advancements, such as the integration of electric and automated ground support equipment, are further enhancing operational efficiency and reducing environmental impact. North America remains a leading regional market, supported by robust investments in airport modernization and fleet upgrades, with the U.S. playing a key role in driving demand through large-scale infrastructure initiatives and the adoption of advanced equipment solutions.
Fortune Business Insights™ displays this information in a report titled, "Ground Support Equipment Market Size, Share, Forecast, and 2025-2032."
Aero Specialties Inc. (U.S.)
Cavotec SA (Switzerland)
ITW GSE (U.S.)
JBT Corporation (U.S.)
Rheinmetall AG (Germany)
Textron Ground Support Equipment Inc. (U.S.)
Weihai Guangtai Airport Equipment (China)
Kalmar Motor AB (Sweden)
Mallaghan (Ireland)
SINFONIA TECHNOLOGY CO. LTD. (Japan)
Sojitz Aerospace Corporation (Japan)
TLD (France)
Tronair (U.S.)
https://www.fortunebusinessinsights.com/industry-reports/ground-support-equipment-market-101823
Hi-Lift Loader Segment to Record Highest CAGR Due to Increasing R&D to Develop Advanced Loaders
Based on type, the ground support equipment market is classified into tugs & tractors (baggage and cargo), pushback tractors (conventional tractors and tow-bar less tractor), passenger boarding lifts & steps, hi-lift loaders, de/anti-icing vehicles, belt loaders, water service vehicles, lavatory service vehicles, air start unit, and others. The hi-lift loader segment is expected to record the highest CAGR during the forecast period as market players are increasing their investments in various research and development programs to launch advanced high-capacity lift loaders.
Growing Demand for Low-Carbon Products to Boost Adoption of Electric GSE
Based on power source, the market is segmented into non-electric, electric, hybrid, fuel cell vehicles (FCV), and advanced GSE. The electric GSE segment is expected to record the highest growth rate during the forecast period owing to the increasing demand for products that have a low carbon footprint.
Increasing Programs Focused on Airport Modernization Boosted New Sales Segment Dominance
By ownership, the market is segmented into new sales, used sales, and rental/lease. The new sales segment dominated the market in 2024 due to the rising focus on introducing programs that can help modernize the airport infrastructure.
With respect to region, the market covers North America, Europe, Asia Pacific, and the rest of the world.
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading types, power sources, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Growing Use of Electric Ground Support Equipment to Propel Market Growth
Companies are focusing on reducing their carbon emissions by launching ground support equipment that are energy efficient and eco-friendly. For instance, Swissport, a Swiss aviation service provider, announced its plans to expand its existing fleet of electric vehicles, such as electric Ground Support Equipment (eGES) by 50%. Such initiatives will positively impact the market’s expansion.
However, the ground support equipment market growth might be restrained by the lack of robust airport infrastructure, especially in developing countries.
North America Led Market Growth Due to High Presence of Airports
North America held a dominant global ground support equipment market share in 2024 as the region has rising number of investments in R&D for aviation GSE and presence of airports. Moreover, the region’s aviation industry is expanding at a robust pace, which will further help the regional market grow.
Europe might also show commendable growth as the region is witnessing an incredible rise in the number of air travelers.
Leading Market Players to Implement Business Growth Strategies to Help Them Remain Dominant
Some of the key players operating in the ground support equipment market are increasing their focus on expanding their business operations by engaging in strategic partnerships and collaborations with other companies. These decisions will help them expand their existing product range, thereby helping them maintain their dominance in the market.
In July 2024, CVC DIF—the infrastructure arm of global private markets manager CVC, operating through its CIF III fund—reached a definitive agreement to acquire HiSERV, Germany’s leading aviation ground support equipment (GSE) leasing provider, from AVECO Holding.