Europe Ground Support Equipment Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 4.7% from 2023 to 2033.
• The Europe Ground Support Equipment Market Size is Expected to Hold a Significant Share by 2033.

The Europe Ground Support Equipment Market Size is expected to hold a significant share by 2033, at a CAGR of 4.7% during the forecast period 2023 to 2033. 

Market Overview

The term "ground support equipment" (GSE) refers to equipment that assists aircraft operations on the ground. GSE is commonly used for ground power operations, aircraft mobility, and cargo/passenger loading operations. Ground support equipment (GSE) is used at airports to service aircraft between flights. Ground support equipment (GSE) at an airport includes a variety of vehicles and equipment used to assist aircraft during passenger and cargo loading and unloading, maintenance, and other ground-based activities. The enormous variety of tasks associated with aircraft ground operations necessitates an equally diverse fleet of GSE. During a typical aircraft gate period, passengers are loaded and unloaded, potable water is stored, lavatory waste tanks are drained, the aircraft is refueled, the engine and fuselage are examined and maintained, and food and beverage catering is provided. It also enables passenger and baggage handling, aircraft mobility, repair, service, and maintenance. Many airlines either own their own GSE or lease it from equipment management companies. Europe is expected to experience significant growth over the forecast period as more people travel by plane in countries such as Germany, the United Kingdom, France, and others. The investment and development of smart airports, as well as the demand for sustainable ground support equipment, are all associated with global market expansion. The expanding tourism industry in Europe is expected to help drive market growth during the forecast period. Furthermore, increased spending in the aviation industry is expected to drive market growth throughout the forecast period in Europe.

Report Coverage

This research report categorizes the market for the Europe ground support equipment market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe ground support equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe ground support equipment market.                 

Driving Factors

A major driving factor is the strong presence of key market players in the Europe, which account for the vast majority of global market share. The presence of companies such as Cavotec SA, Rheinmetall AG, and TLD drives the market during the forecast period. Furthermore, growing initiatives are eventually leading the market to increased air traffic, increasing the number of air travelers, which will benefit the market over the forecast period. These factors contribute to the Europe ground support equipment market's growth. To grow in a competitive market, key players frequently engage in launches, investments, mergers, acquisitions, and partnership activities, demonstrating their ability to drive the market.

Restraining Factors

Rising government spending and a focus on wartime conditions cause decreased aviation-related budget allocation and travel. As a consequence, the escalation of the Russia-Ukraine conflict and raging cross-border conflict in the region will hamper overall market growth.

Market Segment

• In 2023, the powered GSE products segment accounted for the largest revenue share over the forecast period.

Based on type, the Europe ground support equipment market is segmented into powered GSE and non-powered GSE. Among these, the powered GSE segment has the largest revenue share over the forecast period. Refuelers, ground power equipment, tugs and tractors, portable water trucks, generators, baggage conveyor/belt loaders, passenger buses, catering trucks, passenger boarding stairs, air compressors, portable floodlights, air conditioners, container loaders, lavatory service vehicles, and de-icing vehicles are a few instances of powered ground support. The deployment of energy-efficient ground support equipment propels the market for powered GSE.

• In 2023, the non-electric segment accounted for a significant revenue share over the forecast period.

Based on the power source, the Europe ground support equipment market is segmented into electric, non-electric, and hybrid. Among these, the non-electric segment has a significant revenue share over the forecast period. Non-electric ground support equipment (ICE) typically uses conventional energy sources such as gasoline, diesel, and compressed natural gas (CNG). Non-electric GSE is more widely adopted around the Europe because it uses traditional energy sources. The non-electric GSE segment leads the market due to ongoing airport projects and an increase in aircraft transport in developing countries. However, the scenario is expected to change shortly, with the market moving to e-mobility solutions.

• In 2023, the aircraft handling segment is witnessing significant growth over the forecast period.

Based on application, the Europe ground support equipment market is segmented into aircraft handling, passenger handling, and cargo handling. Among these, the aircraft handling segment is witnessing significant growth over the forecast period. GSE for aircraft handling includes deicers, fuel trucks, ground power units, pre-conditioned air (PCA) units, and hydrant trucks. Aircraft handling is the servicing of an aircraft while it is parked at an airport's terminal gates. It addresses an aircraft's service requirements from the moment it arrives at the terminal entrance until it departs. The Europe market for aircraft handling is being driven by an increase in the number and frequency of flights. Furthermore, the outsourcing of GSE by airlines, as well as significant advancements and investments in efficient GSE, are expected to drive market growth. Quick provision of services to reduce turnaround time drives overall market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe ground support equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cavotec SA
• Kalmar Motor AB
• Mallaghan
• Rheinmetall AG
• TLD
• Charlatte Manutention SA
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development:

• In September 2022, Rheinmetall AG collaborated with Air Canada to test their all-electric air-start unit. Following the launch of the world's first all-electric, zero-emission air start unit, Air Canada and Rheinmetall have formed a development partnership and intend to incorporate Rheinmetall's eMSU into their fleet of mobile air start units on the ground.

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Europe Ground Support Equipment Market based on the below-mentioned segments:

Europe Ground Support Equipment Market, By Type

• Powered GSE
• Non-powered GSE

Europe Ground Support Equipment Market, By Power Source

• Electric
• Non-electric
• Hybrid

Europe Ground Support Equipment Market, By Application

• Aircraft handling
• Passenger handling
• Cargo handling

Europe Ground Support Equipment Market, By Country

• Germany
• UK
• France
• Italy
• Spain
• Russia, Rest of Europe