"Smart Market Solutions to Help Your Business Gain Edge over Competitors"

Europe Ground Support Equipment Market Size, Share & COVID-19 Impact Analysis, By Type (Tugs & Tractors, Pushback Tractors, Passenger Boarding Lift & Steps, Belt Loader, Hi-Lift Loader, De/Anti Icing Vehicle, Water Service Vehicle, Lavatory Service Vehicle, and Others) By Power Source (Non-Electric GSE, Electric GSE, Hybrid GSE, Fuel Cell Vehicle, and Advanced GSE) By Ownership (New Sales, Used Sales, and Rental/Lease), and Regional Forecast, 2023-2031

Published On : July 03, 2023 | Format: PDF | Report ID: FBI107694

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

Europe is a significant region in the global ground support equipment market. It is anticipated to rise at a CAGR of 5.59% during the forecast period. The global ground support equipment market size is projected to grow from USD 7.14 Billion in 2022 to USD 13.32 Billion by 2031.

WE ARE IN THE PROCESS OF REVAMPING Europe Ground Support Equipment Market WITH RESPECT TO RUSSIA-UKRAINE CONFLICT

Request Sample

Europe is predicted to witness significant growth in the forecast period since more people travel by plane in nations like Germany, the U.K., France, and others. The investment and formation of smart airports and the demand for sustainable ground support equipment are associated with market expansion in the rest of the world. The Europe region’s growing tourism industry is predicted to aid market growth in the forecast period. Additionally, Increased spending in the aviation industry is expected to spur market expansion across Europe.


Our report on the European market share covers the following countries/regions – U.K., Germany, France, Russia, and the Rest of Europe.


LATEST TRENDS


Rise in Automated Ground Support Equipment to Boost Market Growth 


The recent industry trends show automated, unmanned ground support equipment such as tow trucks and cargo carriers. After the insurgence of the COVID-19 pandemic, the aerospace industry took a major hit following the lockdown of operations; there was a need for remote operations creating demand for unmanned automated ground support equipment. As the number of patients went down, followed by the ease in travel restrictions, and an upsurge in the number of passenger services in the region, the demand for automated ground support equipment rose and is expected to maintain its position in the market during the forecast period. For instance, Aviogei, an Italian GSE manufacturer, displayed a prototype of a hydrogen hybrid powertrain for advanced ground support equipment.


DRIVING FACTORS


Presence and Growing Initiatives by Key Market Players to Drive Market Growth


A major driving factor is the profound presence of key market players that constitute a majority of the global market share in the region. The presence of companies such as Cavotec SA, Rheinmetall AG, and TLD drives the market in the forecast period. Key players regularly indulge in launches, investments, mergers, acquisitions, and partnership activities to grow in a competitive market, hence proving to drive the market. For instance, in May 2022, Cavotec Group, a ground aircraft service equipment manufacturer from Europe, launched their new 400Hz operations management system at the Dubai Airport show.  Additionally, growing initiatives are ultimately leading the market towards added air traffic, leading to an increase in the number of air travelers, which will benefit the market in the forecast period. These factors augment the Europe ground support equipment market growth.


RESTRAINING FACTORS


Request a Free sample to learn more about this report.


Raging Russia-Ukraine War to Limit the Market Growth


Despite high demand and increased investments in the market, a raging war between Russia and Ukraine is anticipated to cause hindrances in the global market. The war has greatly impacted NATO members and countries outside the NATO pact- such as Finland, Japan, and Sweden. Additionally, countries have started to spend heavily and allocate higher amounts in the annual country budget to produce and procure the latest defense equipment. Rising government expenditure and focus on war conditions lead to decreased aviation-related budget allocation and reduced travel. Hence, a rise in the Russia-Ukraine war and raging cross-border tensions in countries of the region will hamper the overall market growth.


KEY INDUSTRY PLAYERS


Regarding the competitive landscape, Rheinmetall AG is the key player in the Europe market. Its presence is due to strong service offerings and active involvement in R&D investments to accelerate service launches and approvals in the forecast period.


Other prominent players, such as Cavotec SA and Mallaghan, are leading the market due to their strong distribution network and diverse aesthetic indications for their product portfolio. Some of the other major players are TLD and others. These companies are focused on strengthening their service portfolio and distribution network through strategic collaboration and partnerships to increase their market share in the Europe market.


LIST OF KEY COMPANIES PROFILED:





KEY INDUSTRY DEVELOPMENTS:



  • December 2021 – Mallaghan, an Ireland-based ground support equipment manufacturer, launched an all-electric airport bus. The electric bus 50W is the longest battery range of any airport bus in the market and is easily chargeable with existing airport infrastructure.

  • November 2021- Mallaghan, an Ireland-based ground support equipment manufacturer, launched a new fire rescue stair to aid airport ground support. The 6x6 fire rescue stair was launched at Dubai Airshow. The equipment was handed over to Naffco Aviation as their first customer.  

  • September 2022 – Rheinmetall AG partnered with Air Canada to type-trial 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 has become their development partner and plan to incorporate eMSU by Rheinmetall into their fleet of mobile air start units on the ground.


REPORT COVERAGE


To gain extensive insights into the market, Request for Customization


The market report provides quantitative and qualitative insights on the market and a detailed analysis of the Europe growth rate & market size for all possible segments in the market. Along with the Europe ground support equipment market forecast, the research report provides an elaborative analysis of the competitive landscape, porter’s five forces analysis and market dynamics. Numerous key insights given in the report are overview of the number of airports covered, an overview of price analysis of types of services, an overview of the regulatory scenario by key countries, pipeline analysis, new product launches, key industry developments – mergers, acquisitions & partnerships and, the impact of COVID-19 on the market.



Report Scope & Segmentation


























































  ATTRIBUTE



  DETAILS



Study Period



2019-2031



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2031



Historical Period



2019-2021



Growth Rate



CAGR of 5.59% from 2023 to 2031



Unit



Value (USD million)



Segmentation



Type; Power Source; Ownership; and Geography



By Type




  • Tugs & Tractors (TT)

  • Pushback Tractors (WT)

  • Passenger Boarding Lift & Steps (PBS)

  • Belt Loader (BL)

  • Hi-Lift Loader (HL)

  • De/Anti-Icing Vehicle (H)

  • Water Service Vehicle (PW)

  • Lavatory Service Vehicle (LS)

  • Others



By Power Source




  • Non-Electric GSE

  • Electric GSE

  • Hybrid GSE

  • Fuel Cell Vehicle (FCV)

  • Advanced GSE



ByOwnership




  • New sales

  • Used Sales

  • Rental/Lease



By Country/ Sub-Region




  • U.K. (By Type, By Power Source and By Ownership)

  • Germany (By Type, By Power Source and By Ownership)

  • France  (By Type, By Power Source and By Ownership)

  • Russia (By Type, By Power Source and By Ownership)

  • Rest of Europe (By Type, By Power Source and By Ownership)






Frequently Asked Questions

Growing at a CAGR of 5.59%, the market will showcase steady growth in the forecast period (2023-2031).

The presence of key companies in the region and increased spending on the aviation sector by authorities will be the major factor driving the market's growth.

Rheinmetall AG, Cavotec SA and Mallaghan are the major market players in Europe.

Rest of Europe dominated the market in 2022.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2030
  • 2022
  • 2019-2021
  • 120

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X