Ground Support Equipment Market

JBT Corporation (US) and Teleflex Lionel-Dupont (TLD) (France) are Leading Players in the Ground Support Equipment Market

The ground support equipment market is projected to grow from USD 4.0 billion in 2020 to USD 10.2 billion by 2025, at a CAGR of 20.7% from 2020 to 2025. Some of the factors that are expected to fuel the growth of the ground support equipment market are rising demand for electric ground support equipment, increasing warehouse operations at airports, and ongoing expansions of airports to cater to the rising global air passenger traffic.

JBT Corporation (US), Teleflex Lionel-Dupont (TLD) (France), Mallaghan (UK), Tug Technologies Corporation (Textron GSE) (US), Tronair (US), MULAG Fahrzeugwerk (Germany), Guangtai (China), Rheinmetall AG (Germany), ITW GSE (Denmark), and Cavotec (Switzerland) are the leading players operating in the ground support equipment market. These players have adopted various growth strategies such as contracts, acquisitions, expansions, new product launches, partnerships & agreements, and research & development (R&D) activities to further expand their presence in the ground support equipment market.

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JBT Corporation is one of the largest manufacturers of ground support equipment across the globe. The company has a strong global distribution and service network. It has been receiving numerous contracts from major international airports. In January 2019, JBT Corporation signed an agreement to acquire LEKTRO, Inc., a privately held manufacturer of electric aviation ground support equipment based in Warrenton, Oregon. LEKTRO provides JBT AeroTech with comprehensive and compelling offerings of commercial aviation ground support equipment by expanding its range of products into electric towbarless aircraft pushback tractors for narrow-body and small aircraft.

.Teleflex Lionel-Dupont (TLD) focuses on the development of cost-optimized electric ground support equipment and green technologies. In 2018, TLD developed a new Regional Belt Loader (RBL) for regional/narrow-body aircraft up to A320 series and B737. This RBL is a self-propelled unit, which offers enhanced features and additional versatility to the currently available towable and walk behind belt loader models.

Weihai Guangtai Airport Equipment Co., Ltd. is one of the global leaders offering GPUs, solid-state power units, tow tractors, passenger boarding stairs, lavatory service vehicles, catering trucks, and container/pallet loaders. Major products offered by the company account for a share of 40% to 60% of the ground support equipment market in China. Its products are exported to over 60 countries in Asia, Europe, South America, and Oceania & Africa. In 2018, Weihai Guangtai Airport Equipment Co., Ltd. and China Aviation Research Institute signed a strategic cooperation framework agreement for the implementation of a civil-military integration strategy.

Tug Technologies Corporation (Textron GSE) is one of the leading manufacturers and distributors of ground support equipment. The company has a strong distribution network with its distributors present in the Middle East, Southeast Asia, Europe, Africa, and North America. In 2018, Textron Ground Support Equipment (Tug Technologies) launched a new TUG ALPHA 4, the first pushback in the new ALPHA series of conventional pushbacks. The TUG ALPHA 4 is ideal for moving aircraft up to the Airbus A340 and Boeing 747, with a maximum gross vehicle weight of 120,000 pounds (60 tons) and a maximum drawbar pull of 72,000 pounds (36 tons).

Cavotec SA is a specialist in ground support equipment and engineers a wide range of state-of-the-art systems for contact gates, remote aprons, and maintenance, repair, and overhaul (MRO) hangars for commercial and military applications. In 2018, Cavotec received a contract worth USD 9.6 million from the Bahrain International Airport to provide next-generation aircraft ground cooling systems. The contract also includes designing, engineering, installing, testing, and commissioning of Cavotec Sub-freezing Dual Blower DX Arctic PCA units as well as the delivery of in-ground pit systems that reduce the number of vehicles required to service an aircraft.

Related Reports:

Ground Support Equipment Market by Type (Mobile, Fixed), Power Source (Non-Electric, Electric, Hybrid), Platform (Commercial, Military), Point of Sale (Equipment, Maintenance Services), Mode of Operation, Region - Global Forecast to 2025

Mr. Aashish Mehra
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