The global airport ground equipment and airport systems market is expected to observe a strong growth rate of more than 7.8% during the period 2019-2028. This includes equipment such as baggage handling systems, ground power units, aircraft tugs, air conditioning units, de-icing trucks, and passenger boarding bridges, among others.
The market is driven by several factors, including the growth of the aviation industry, increasing air traffic, and the need for efficient and safe airport operations. The demand for airport ground equipment and airport systems is also driven by the increasing focus on passenger experience and airport security.
The market is expected to grow significantly in the coming years due to the increasing number of airports being built and upgraded in emerging economies, such as China, India, and the Middle Eastern countries. In addition, the need for modernization and automation of airport operations is expected to drive the market growth in the forthcoming years.
In addition, increasing airport development worldwide, growing air traffic and cargo transportation, increasing focus on the enhancement of operational efficiency, and ongoing technology development are some of the key drivers expected to help the global airport ground equipment and airport systems market to grow at a significant pace.
However, improper airport infrastructure for charging electric GSE is one of the key restraint that are hampering the growth of the global airport ground equipment market. Moreover, the cost of these equipment are also very high which many times results in renting of these equipment by airports this is also anticipated to be one of the major challenge faced by the global airport ground equipment and airport systems market.
Electric and hybrid-based airport ground equipment to generate significant revenue in the upcoming years
On the basis of power, electric and hybrid airport ground equipment are dominating the global market. The reason behind the rapid increase in the demand for electric and hybrid airport ground equipment is the low maintenance and high-performance of the airport ground equipment and components.
With the growth of the aviation industry, the demand for airport ground equipment and airport systems is also increasing. More passengers result in more flights, which in turn requires more ground handling equipment and systems to manage airport operations.
Moreover, many existing airports are undergoing modernization and expansion projects to improve their capacity and efficiency. This often requires new equipment and systems to be installed or upgraded, driving significant demand in the market.
In addition, new technologies are being developed to make airport operations more efficient and sustainable. These include advanced baggage handling systems, automated check-in and security systems, and electric and hybrid airport ground support equipment.
- In the wake of increasing security threats, airports are investing in new airport systems and airport ground equipment to ensure the safety and security of passengers and employees. This includes advanced security screening systems, perimeter security, and fire and rescue equipment.
- Also, with growing concerns about the environmental impact of aviation, airports are looking for ways to reduce their carbon footprint. This is driving the development of new, more sustainable equipment and systems, such as electric or hybrid ground support equipment and energy-efficient building systems.
- Government rules and regulations also helped the electric and hybrid ground equipment market to grow at a pace. Additionally, due to the increasing air traffic across the globe, airports are moving towards renting equipment, which helps them to expand at a low cost. Renting and leasing airport ground equipment is convenient for airports as it helps and provides flexibility for their spending and ensures to have up-to-date ground support equipment without the risk of ownership.
- However, on the basis of type, tractors and loaders are dominating the global airport ground equipment and airport systems market in terms of revenue. Tractors and loaders are expected to grow significantly during the forecast period, in addition, the adoption of high-capacity tractors is expected to boost the demand for the global market.
Rapid Aviation expansion leads North America to dominate the global airport ground equipment and airport system market
On the basis of region, the global airport ground equipment and airport systems market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and Middles East & Africa. North America is dominating the global airport ground equipment and airport systems market owing to the growing investment in the aviation industry.
The US is playing a crucial role in the development of the regional airport ground equipment market with more than 13,100 airports. However, Asia Pacific is speculated to grow at a strong rate in the upcoming years. China and India are the leading countries, helping the regional market to grow due to rapid urbanization.
In Europe, the growth of the airport ground equipment market is projected at a significant rate. Furthermore, Germany is known for advanced manufacturing capabilities and the aviation expansion in Germany is notable and helped the regional airport ground equipment market to grow.
Market Structure and Competitive Landscape
The global airport ground equipment and airport systems market is fragmented in nature with various players operating in the market, some of the prominent players that contribute significantly to the global airport ground equipment and airport systems market include JBT Corporation, Air T Inc., Textron Inc., AERO Specialities Inc., Curtis Instruments Inc, China International Marine Containers (Group) Co., Ltd., Kalmar Motor AB, Weihai Guangtai Airport Equipment Co., Ltd., Mallaghan, Cavotec SA, ALVEST Group, MulagFahrzeugwerk Heinz Wössner GmbH u. Co. KG, Tronair, Inc., and Lektro Inc., Sojitz Aerospace Corporation, Sojitz Aerospace Corporation, and TLD among Others.
Key players engaged in providing and manufacturing airport ground equipment and airport systems adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations are some of the strategies followed by industry players. Some of the key developments in the global smart meters market include,
- In March 2022, Agility Public Warehousing acquired John Menzies Plc, a U.K based logistics, and Airport Service company to expand its public offering.
- In November 2021, OEM Group announced its acquisition of AMS GSE, a global supplier of ground support equipment in Tasmania.
Key Market Segmentation
RationalStat has segmented the global airport ground equipment and airport systems market on the basis of type, End User, power, and region.
- By Type
- Aircraft Pushback Tractors
- Baggage & Cargo Tractors
- Deck Loaders
- Conveyor Belt Loaders
- Cargo Dollies
- Container Dollies
- Passenger Steps Self Propelled
- Passenger Steps Towable
- AMBULIFT Units
- Air Star Units
- Aircraft Refuellers
- Aircraft Towbars
- Baggage Carts
- Airport Buses
- Aircraft Deicing Units
- Aircraft Firefighting
- Runway Deicing
- Catering High lift trucks
- Fuel Tanker
- Others (Pallet Container Transporters)
- Baggage Handling Technology
- Critical Systems Facilities Support
- Ground Power Units
- Water Service Units
- Air Condition Units
- Others (Lavatory Service Units)
- By Power
- By Sector
- Aviation (Public & Cargo)
- By Sales Channel
- New Sales
- By End User
- Government Owned Airports
- Privately Operated Airports
- Airport Systems Market: By Product
- Navigation & Surveillance Equipment
- High Frequency Antenna
- Broadcast Systems
- Landing Systems
- Airfield Ground Lighting
- Passenger Handling Systems
- Airport Operations System
- Flight Information Display Systems (FIDS)
- Stand Management Systems
- Resource Management System (RMS)
- Baggage Handling Systems
- Check-in Conveyor
- Self-Bag Drop Systems
- Early Baggage Storage
- Security Screening and Sortation Systems
- By Region
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- South Korea
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
- North America
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecast, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for global airport ground equipment manufacturers and suppliers, government organizations, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption pattern, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.