The ground support equipment market is projected to grow from USD 5.6 Billion in 2022 to USD 7.0 Billion by 2027, at a CAGR of 4.5% from 2022 to 2027. The requirement for ground support equipment (GSE) has increased in airports, owing to an increase in air passenger traffic, air cargo traffic, and aircraft movements across the globe. The steady increase in the global aircraft traffic has resulted in the expansion as well as the upgradation of existing airports and the development of new ones.
John Bean Technologies (JBT) Corporation (US), Jungheinrich AG (Germany), Weihai Guangtai Airport Equipment Co., Ltd. (China), Tronair (US), and TK Elevators (Germany) 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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John Bean Technologies (JBT) Corporation (US)
John Bean Technologies (JBT) Corporation is a global technology solutions provider for the air transportation and food processing industries. The company designs, manufactures, and services technologically sophisticated systems and products for its customers. JBT is segmented into two reportable segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures, and provides services to the food processing industry, while the 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. Its Jetway PBBs have been used by airlines and airport authorities to transport passengers since 1959. Jetway PBBs are available in a variety of configurations: A380, steel or glass truss, corrugated, teleradial, pedestal, electro-mechanic, or hydraulic lift systems. Major competitors of the company include CIMC Group Ltd. (China), ThyssenKrupp AG (Germany), and Adelte Group S.L. (Spain).
Jungheinrich AG (Germany)
Jungheinrich AG (Jungheinrich) is a pioneer in the manufacturing of material handling equipment and warehousing technology. It offers a wide range of solutions, such as order pickers, counterbalanced forklift trucks, tow tractors, shuttle and pallet carriers, automatic high-rack silo conveyors, driverless transport systems, rack servicing cranes, high rack stackers, reach trucks, and materials handling system. It provides electric pedestrian trucks, electric pedestrian stackers, explosion-proof forklifts, batteries, and related accessories. It also offers after-sale services, such as maintenance and repair, and spare parts. The company has 13 production facilities, subsidiaries in 41 countries, and customers across the world. It has operations in the Americas, Europe, Asia Pacific, and the Middle East & African regions.
Weihai Guangtai Airport Equipment Co., Ltd. (China)
Weihai Guangtai Airport Equipment Co., Ltd. is a pioneer in the development, manufacturing, and distribution of ground support equipment. The company offers GPUs, solid-state power units, tow tractors, passenger boarding stairs, potable water service vehicles, lavatory service vehicles, catering trucks, and container/pallet loaders. It also offers baggage conveyor belts, jet start units, baggage & cargo handling trailers, transporters, aircraft deicers, handicapped vehicles, refuelers, air conditioning units, towbarless tractors, snow removers, and airport buses. The ground support equipment is the largest and the most competitive business segment of the company. Guangtai offers a range of ground support equipment to its customers. It also offers aircraft, ground handling, air cargo, runway maintenance, aircraft refueling, and passenger cabin services. 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.
Tronair Inc. manufactures, designs, and supplies ground support equipment for both commercial and military aircraft. It offers towbars; electric towbarless tugs with a capacity ranging from 30,000 to 100,000 pounds; tripod & axle jacks; hydraulic power units; GPUs; deicers; and nitrogen & oxygen transport carts, among other types of ground support equipment. The company also offers landing gear services. Moreover, Tronair Inc. generated USD 7.83 million revenue in the fiscal year 2020/2021.
TK Elevators (Germany)
TK Elevator GmbH is the world’s leading elevator company. The company established itself as one of the leading players and became independent after its separation from Thyssenkrupp AG in August 2020. TK Airport Solutions, S.A., a subsidiary of TK Elevator GmbH, offers a range of airport ground support equipment. The company’s product portfolio includes commodity elevators for commercial and residential buildings, passenger boarding bridges, stair, and platform lifts, ground support equipment, monitor and control gate management systems, remote control systems, and digital solutions, and moving walks. TK Elevator GmbH has customers in over 100 countries and a presence in over 1,000 locations worldwide.
Ground Support Equipment Market by Point of Sale (Equipment, Maintenance), Type (Mobile, Fixed), Power Source (Non-Electric, Electric, Hybrid), Platform (Commercial, Military), Autonomy, Ownership and Region- Global Forecast to 2027
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