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3. Ground Support Equipment Companies - Oshkosh Corporation (US) and TCR Group (Belgium) are the Key Players

The market for Ground Support Equipment is expected to grow rapidly, reaching USD 7.4 billion by 2029, from USD 6.1 billion in 2024, at a CAGR of 3.9%. The total ground support equipment volume is expected to grow from 38,592 units in 2024 to 44,761 units in 2029.

The Airport Ground Support Equipment (GSE) market encompasses diverse specialized equipment and vehicles crucial for supporting aircraft operations on the ground. From loading and unloading cargo and passengers to refueling, towing, and de-icing, GSE plays a pivotal role in ensuring the efficiency, safety, and smooth functioning of airports and airlines globally. This market segment covers a wide range of tasks essential for ground handling activities, addressing the intricate needs of aircraft maintenance and servicing.

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Major Ground Support Equipment companies include:

• Oshkosh Corporation (US)
• China International Marine Containers (Group) Ltd.  (China)
• TCR Group (Belgium)
• Weihai Guangtai Airport Equipment Co., Limited (China)
• Textron Ground Support Equipment Inc. (US).

Several key drivers fuel the growth of the Aircraft Ground Equipment market. Firstly, the exponential growth in air traffic worldwide propels the demand for GSE, necessitating efficient handling during aircraft loading, unloading, and servicing procedures. Additionally, as airports undergo expansions and upgrades to accommodate increasing passenger and cargo volumes, the need for new and advanced GSE escalates. Technological advancements further contribute to market growth, with innovations such as electric and hybrid vehicles, autonomous systems, and telematics offering more sustainable and cost-effective solutions.

Efficiency and cost savings remain paramount for airports striving to optimize their operations. Investing in cutting-edge GSE streamlines processes and minimizes downtime, leading to significant efficiency gains. Moreover, the surge in air cargo traffic, propelled by the rise of e-commerce and global trade, fuels demand for specialized GSE tailored to handle cargo aircraft and freight efficiently. In essence, the GSE market is dynamic and responsive to the evolving needs of the aviation industry, driven by a relentless pursuit of efficiency, safety, and sustainability in ground handling operations.

Key players in the market are focusing on developing sustainable and efficient ground support equipment that are capable of delivering comfort and safety. These players are Oshkosh Corporation (US), China International Marine Containers (Group) Ltd.  (China), TCR Group (Belgium), Weihai Guangtai Airport Equipment Co., Limited (China), Textron Ground Support Equipment Inc. (US) among others.

Oshkosh Corporation

Oshkosh Corporation, a renowned industrial leader, pioneers advancements in multiple industries by designing and implementing cutting-edge technologies. Through its diverse family of brands, Oshkosh Corporation delivers innovative solutions that redefine industry standards, including AI-enabled products, autonomous vehicles driven by machine learning, and advanced analytics capabilities. The company designs, manufactures, and services technologically sophisticated systems and products for its customers.

In May 2023, Oshkosh Corporation acquired John Bean Technologies (JBT) Corporation’s Aerotech business segment. JBT AeroTech segment delivers services to ground support equipment, airport gate equipment, airport authorities, airlines, airfreight, military, and other industries. The company is a leading supplier of gate equipment.
China International Marine Containers (Group) LTD.

China International Marine Containers (Group) Ltd. (CIMC) is a world-leading equipment and solution provider in the logistics and energy industries and principally engaged in the manufacturing of containers, road transportation vehicles, energy, chemicals, liquid food equipment, offshore engineering equipment, and airport facilities equipment. The company is also involved in the provision of relevant services, including the design and manufacturing of international standard dry containers, reefer containers, special-purpose containers, tank containers, wooden container floorboards, road tank trucks, natural gas processing equipment & static tanks, road transportation vehicles, heavy trucks, jack-up drilling platforms, semi-submersible drilling platforms, special vessels, passenger boarding bridges & bridge-mounted equipment, airport ground support equipment, fire safety & rescue vehicles, and the design, manufacturing, and service of automated logistics system and intelligent parking systems. In addition, the Group is also engaged in logistics services, industrial city development, finance and asset management, and other businesses.

The Group’s airport facilities, fire safety, and automated logistics equipment business principally includes airport facilities equipment (including GSE), fire & rescue vehicles, automated logistics systems, and smart parking business. The company is globally the largest supplier of passenger boarding bridges, with its products in the service of over 300 civil aviation airports across the world. In addition to passenger boarding bridges, the company offers other airport facilities and automatic storage products, such as seaport passenger boarding bridges, airport baggage handling systems, special vehicles for airport ground, air cargo handling systems, automatic warehouse logistics systems, and automatic parking systems.

TCR Group

TCR Group is a pioneering and globally recognized leader in Ground Support Equipment (GSE) solutions, catering to the aviation industry worldwide. With extensive offerings and services, TCR specializes in Full-Service Rental, Maintenance & Ramp Assistance, and Fleet Services for major ground handlers, airlines, and airports. Committed to environmental sustainability, TCR provides rental solutions and offers meticulously maintained refurbished second-hand GSE equipment for sale globally. The company's transparent approach ensures a reduction in GSE-related total cost of ownership by providing only the necessary and fully operational equipment precisely when and where it's needed. TCR's unwavering priority lies in delivering timely, dedicated, reliable, and high-value-added GSE solutions in the safest environment, reaffirming its position as a trusted partner in the aviation ground handling industry.

Weihai Guangtai Airport Equipment Co., Ltd.

Weihai Guangtai Airport Equipment Co. Ltd. is an industry trailblazer specializing in the development, manufacturing, and distribution of ground support equipment. With a comprehensive product lineup, the company offers a wide array of solutions including GPU (Ground Power Units), solid-state power units, tow tractors, passenger boarding stairs, potable water service vehicles, lavatory service vehicles, catering trucks, and container/pallet loaders. Additionally, Weihai Guangtai provides baggage conveyor belts, jet start units, baggage & cargo handling systems, transporters, aircraft refuelers, air conditioning units, pushback tractors, snow removers, and airport houses. The ground support equipment segment represents the cornerstone of the company's operations, characterized by robust competitiveness and market leadership. Weihai Guangtai caters to diverse customer needs, offering services such as aircraft ground handling, cargo handling, runway maintenance, aircraft refueling, and passenger facilitation. The company's flagship products command a substantial market share, ranging from 40% to 60% of China's ground support equipment market. Demonstrating global reach, Weihai Guangtai 's products are exported to over 60 countries across Asia, Europe, South America, and Oceania & Africa. With a commitment to innovation, quality, and customer satisfaction, Weihai Guangtai is a trusted partner in the worldwide aviation industry.

Textron Specialized Vehicles

Textron Specialized Vehicles, previously known as Tug Technologies Corporation, is a subsidiary of Textron Inc. that manufactures and provides ground support equipment for the aviation sector. It offers air conditioners, aircraft tow tractors, air starts, baggage tow tractors, belt loaders, GPUs, heaters, cargo & electric tractors, and pushbacks. Their portfolio encompasses a well-regarded family of brands, including E-Z-GO (golf cars and utility vehicles), Cushman (utility vehicles and industrial carts), Arctic Cat (all-terrain vehicles and snowmobiles), TUG Technologies (electric utility vehicles) and Douglas Equipment (work trucks and aerial lifts). These innovative vehicles cater to a wide range of applications, serving consumers, commercial entities and government agencies across various industries. The company has service centers in Atlanta, Chicago, Dulles, Fort Lauderdale, Houston, Kansas City, Las Vegas, Los Angeles, Memphis, Milwaukee, Orlando, Palm Beach, Reno, Rochester, Tampa, St. Louis, and Seattle.

Related Reports:

Ground Support Equipment Market by Platform (Commercial, Military), Point of Sale (Equipment, Maintenance), Type (Mobile, Fixed), Autonomy (Manned, Remotely Operated, Autonomous), Power Source, Ownership and Regions - Global Forecast to 2029

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