The rise in air travel worldwide has led to increased demand for ground handling services, including baggage handling, catering, and aircraft cleaning. New airport construction and expansion projects are creating demand for new ground support equipment (GSE) equipment. As airports expand, modernize, and increase their capacity, there is a corresponding need for additional and upgraded GSE to support the increased operations, creating significant growth opportunitiesThe Ground Support Equipment (GSE) industry plays a crucial role in aviation, providing the tools and machinery needed to service aircraft between flights. This equipment ensures smooth operations at airports, supporting tasks like aircraft mobility, cargo and passenger handling, and ground power operations.
Key Driving Factors:
1. Technological Advancements: Innovations such as electric and hybrid vehicles, autonomous systems, and telematics are transforming the market. These advancements aim to improve efficiency, sustainability, and cost-effectiveness.
2. Environmental Focus: The introduction of eco-friendly GSE, including electric and hybrid vehicles, is gaining traction due to environmental concerns and operational cost savings.
3. Airport Expansion: Increasing air traffic and airport modernization programs are creating demand for new and upgraded GSE.
4. Defense Sector: The defense sector is also driving demand for GSE, particularly for military aircraft operations and security measures.
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Key Ground Support Equipment Companies:
Oshkosh Aerotech LLC
Textron Inc.
TCR Group
Tronair
Weihai Guangtai Airport Equipment Co., Ltd.
China International Marine Containers (Group) Co., Ltd.
TLD Group
Cavotec Group
Toyota Material Handling, Inc.
TREPEL Airport Equipment GmbH
Global Ground Support LLC
Mallaghan
Jalux Inc.
Rheinmetall AG
Recent Developments
In August 2024, TLD Group announced the opening of its first manufacturing facility in India in collaboration with Millennium Aero Dynamics Private Limited and the Maini Group. This facility has been built to manufacture ground support equipment is are Leaner & Greener for Indian as well as export markets, representing the company’s strong environmental commitment.
In July 2024, Mallaghan signed an agreement to deliver 85 catering trucks to CATRION, an aircraft catering company over the next four years and to be used by the latter at airports across Saudi Arabia. This move comes as a part of its comprehensive in-flight catering strategy aimed at providing enhanced customer experience while ensuring sustainability and operational efficiency.
In May 2024, Oshkosh Aerotech LLC acquired AUSACORP S.L., a privately held company manufacturing wheeled dumpers, telehandlers, and rough terrain forklifts for the construction, material handling, agriculture, landscape, and specialty equipment industries. Under this deal, the latter is expected to become a part of the Oshkosh Access segment.