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Airport Ground Support Vehicles Market Size (2024 - 2029)

The airport ground support vehicles market is experiencing growth driven by the increasing demand for enhanced operational efficiency at airports, which are seeing a rise in cargo and passenger traffic. The market's expansion is further supported by the modernization and expansion of airports globally, creating opportunities for businesses that offer efficient and safe airport operations. The shift towards electric and hybrid vehicles presents additional opportunities, despite the challenges posed by the significant investment required for research and development.

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Market Size of Airport Ground Support Vehicles Industry

Airport Ground Support Vehicles Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 8.94 Billion
Market Size (2029) USD 11.96 Billion
CAGR (2024 - 2029) 5.99 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Airport Ground Support Vehicles Market Major Players

*Disclaimer: Major Players sorted in no particular order

Airport Ground Support Vehicles Market Analysis

The Airport Ground Support Vehicles Market size is estimated at USD 8.94 billion in 2024, and is expected to reach USD 11.96 billion by 2029, growing at a CAGR of 5.99% during the forecast period (2024-2029).

Airport ground vehicles are normally used for various operations between aircraft flights. The towbarless tractors used at airports tow aircraft on the aircraft. Passenger stairs are used for onboarding and offboarding passengers to and from the aircraft. The market is driven by the increasing demand for such systems to enhance the operational efficiency of airports, which is witnessing an increase in cargo and passenger traffic. In addition, major airlines and GSE suppliers focus on refurbishing old equipment to increase its lifespan and save operational costs.

Developing new and innovative airport ground support vehicles requires significant investment in research and development. This can be a significant challenge for businesses, especially small and medium-sized enterprises. However, there is a growing demand for electric and hybrid ground support vehicles that are more environment-friendly and sustainable than traditional vehicles. Businesses that can offer innovative electric and hybrid vehicles have a significant opportunity in the market.

The expansion and modernization of airports around the world are driving the demand for airport ground support vehicles. Businesses that can offer efficient and safe airport operations have a significant opportunity in the market. Such factors are expected to drive the market鈥檚 growth during the forecast period.

Airport Ground Support Vehicles Industry Segmentation

Airport ground vehicles include passenger buses, refuelers, tugs and tractors, lavatory service vehicles, deicers, ground power units, pre-conditioned air units, fuel trucks, and other ground handling systems in airports.

The airport ground vehicles market is segmented based on type, power source, and geography. By type, the market is segmented into refuelers, tugs and tractors, passenger buses, de-icing vehicles, ground power units, and others. By power source, the market is segmented into electric, non-electric, and hybrid. The report also covers the market sizes and forecasts for the airport ground support vehicles market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Type
Refuelers
Tugs and Tractors
Passenger Buses
De-icing Vehicles
Ground Power Units
Others
Power Source
Electric
Non-Electric
Hybrid
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East and Africa
Saudi Arabia
United Arab Emirates
Qatar
South Africa
Rest of Middle East and Africa
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Airport Ground Support Vehicles Market Size Summary

The airport ground support vehicles market is poised for significant growth, driven by the increasing demand for efficient and sustainable operations at airports worldwide. As air passenger traffic continues to rise, the need for advanced ground support equipment, such as tugs, tractors, and electric vehicles, is becoming more pronounced. The market is characterized by a shift towards electrification and automation, with innovations like electric towbar-less tractors and autonomous baggage handling systems gaining traction. This transition is supported by substantial investments in research and development, as well as the modernization and expansion of airport infrastructure globally. Companies that can offer innovative, eco-friendly solutions are well-positioned to capitalize on the growing market opportunities.

The market landscape is fragmented, with several key players, including JBT Corporation, Textron GSE, Vestergaard Company, Tronair Inc., and Mallaghan Group, leading the charge in developing new technologies. These companies are focusing on electric and hybrid vehicles to meet stringent regulatory standards and reduce carbon emissions. The demand for such vehicles is further bolstered by initiatives from major airports and airport operators to replace aging fleets and enhance operational efficiency. As urbanization and air travel continue to rise, the market for airport ground support vehicles is expected to expand, with significant investments in electrification and advanced technologies driving future growth.

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Airport Ground Support Vehicles Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Refuelers

      2. 2.1.2 Tugs and Tractors

      3. 2.1.3 Passenger Buses

      4. 2.1.4 De-icing Vehicles

      5. 2.1.5 Ground Power Units

      6. 2.1.6 Others

    2. 2.2 Power Source

      1. 2.2.1 Electric

      2. 2.2.2 Non-Electric

      3. 2.2.3 Hybrid

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 France

        3. 2.3.2.3 Germany

        4. 2.3.2.4 Spain

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of Latin America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 United Arab Emirates

        3. 2.3.5.3 Qatar

        4. 2.3.5.4 South Africa

        5. 2.3.5.5 Rest of Middle East and Africa

Airport Ground Support Vehicles Market Size FAQs

The Airport Ground Support Vehicles Market size is expected to reach USD 8.94 billion in 2024 and grow at a CAGR of 5.99% to reach USD 11.96 billion by 2029.

In 2024, the Airport Ground Support Vehicles Market size is expected to reach USD 8.94 billion.

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Airport Ground Vehicles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)