HOME Research Insight Market Leader - Ground Support Equipment Market

Market Leader - Ground Support Equipment Market

The ground support equipment market is expected to reach USD 24.69 Billion by 2022, at a CAGR of 11.76% from 2017 to 2022. The focus towards procurement of greener GSE which conform to the latest emission norms and the outsourcing of maintenance, repair, and overhaul (MRO) services to third party service providers PROVIDE potential growth opportunities for the ground support equipment market. Another factor contributing to the growth of the market is the rise in air traffic and increasing focus of airports towards enhancing their operational efficiency.

Key players in the ground support equipment market include JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), TUG Technologies Corporation (US), Tronair Inc. (US), and AMSS GSE (UK), among others. Stakeholders in this market, such as ground support equipment manufacturers, OEMs, and suppliers are focusing on the development of clean, green, and energy efficient technologies.

Teleflex Lionel-Dupont (TLD) Group is one of the leading players in the ground support equipment market. The company offers a wide range of ground support equipment (GSE) to airlines, airports, cargo airlines, ground handlers, and military organizations. In 2017, TLD developed a new fully electric powered vacuum lavatory servicing vehicle TLD LSP-900-V-E. This vehicle does not emit any exhaust gas, thus reducing its environmental impact.

JBT Corporation is another leading player in the ground support equipment market. JBT Corporation has two major divisions: JBT FoodTech and JBT AeroTech. JBT AeroTech’s product offerings include ground support equipment for cargo loading, aircraft towing, and aircraft deicing; gate equipment for passenger boarding and de-boarding, on-ground power units, and aircraft cooling; military equipment and airport services such as maintenance and technical services. In 2016, JBT Corporation received a 5-year contract for building maintenance of Terminal D Dallas - Fort Worth International Airport (US). The contract includes Mechanical, Electrical, Plumbing, Building/Structural, and Ramp Services (MEPS&R) at the airport.

Another leading player in the ground support equipment market is TUG Technologies Corporation (US). The company’s product offerings include air conditioners, aircraft tow tractors, air starts, baggage tow tractors, belt loaders, ground power units, heaters, cargo and electric tractors, and pushbacks. In 2016, the company launched a new electric tractor M7. The tractor has a centralized console, improved driving capabilities, a redesigned hydraulic system, automotive-style feedback steering with a tilt steering wheel, a spring-applied, hydraulically released parking brake, and optional sliding doors.

Related Reports:

Ground Support Equipment Market by Type (Electric, Non-Electric, Hybrid), Application (Passenger Service, Commercial & Military Cargo, Aircraft Service), End Use (Commercial, Defense), Component (Equipment, MRO), and Region - Global Forecast to 2022

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