Middle East Ground Support Equipment Market Size, Share, and COVID-19 Impact Analysis, By Type (Powered Ground Support Equipment, Non-Powered Ground Support Equipment), By Application (Aircraft Handling, Passenger Handling, Cargo Handling), and Middle East Ground Support Equipment Market Insights Forecasts to 2033

Industry: Aerospace & Defense

RELEASE DATE Feb 2024
REPORT ID SI3655
PAGES 200
REPORT FORMAT PathSoft

Middle East Ground Support Equipment Market Insights Forecasts to 2033

  • The Middle East Ground Support Equipment Market Size was valued at USD XX Billion in 2023.
  • The Market Size is Growing at a CAGR of 6.52% from 2023 to 2033.
  • The Middle East Ground Support Equipment Market Size is Expected to Hold a Significant Share by 2033.

 

Middle East Ground Support Equipment Market

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The Middle East Ground Support Equipment Market Size is expected to hold a significant share by 2033, at a CAGR of 6.52% during the forecast period 2023 to 2033.

 

Market Overview

The term aircraft ground support equipment refers to the service and maintenance equipment used at airports to support aeronautical operations and related activities. Ground support equipment is typically stored on a ramp close to the terminal for convenient access when not in use. GSE is primarily used for aircraft mobility, ground power operations, and cargo and passenger loading. Its main purpose is to support the safe operation of aircraft after landing and prior to takeoff again. A few of the most well-liked GSE devices in which we are experts are aircraft tugs and ground power units. Furthermore, the Middle East market is expanding due in large part to an increase in demand for air freight. In recent years, the benefits of air freight have persisted, including the quickest delivery times, enhanced security, and a lower chance of theft and damage. Reliable departure and arrival times and affordable premiums are in high demand. Furthermore, given the uncertainties of life, the relaxation of restrictions following a decline in the COVID-19 virus has allowed people all over the world to travel more than they did prior to the pandemic. Therefore, it is anticipated that a rise in travel and tourism in the area will increase the Middle East's market share for ground support equipment during the projected period.

 

Report Coverage

This research report categorizes the market for Middle East ground support equipment market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Middle East 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-segments of the middle east ground support equipment market.

 

Middle East Ground Support Equipment Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023 - 2033
Forecast Period 2023 - 2033 CAGR:6.52%
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Type, By Application, and COVID-19 Impact Analysis.
Companies Covered: Siemens AG, Cavotec SA, High Dam, JBT, DENGE - Ground Support Equipment Manufacturer (GSE), Dnata, Excel Industries, Guangtai, and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The Middle East ground support equipment market is also experiencing technological advancements, which are accelerating its growth. Developments in telematics, Internet of Things (IoT), and data analytics have made it possible to create intelligent ground support equipment. Real-time data collection and analysis capabilities of these intelligent systems enable operators to minimize downtime, maximize equipment performance, and make data-driven decisions. Furthermore, governments in the region have begun initiatives to support companies that manufacture ground support equipment. For instance, in January 2020, SATS Saudi Arabia was awarded a 25-year concession for a cargo terminal at King Khalid International Airport in Riyadh, Saudi Arabia. The project will be built in two stages, with the first stage expected to be finished by mid-2022. The cargo terminal can accommodate up to 600,000 metric tons of cargo annually once it is completed.

 

Restraining Factors

Modern ground support equipment frequently requires specialized maintenance and operators. The rate at which airports and airlines adopt new equipment can be impacted by the associated maintenance and training costs, which can be difficult to manage. Thus, such factor is hampering the market growth in Middle East.

 

Market Segment

  • In 2023, the powered ground support equipment segment accounted for the largest revenue share over the forecast period.

Based on the type, the Middle East ground support equipment market is segmented into powered ground support equipment, and non-powered ground support equipment. Among these, the powered ground support equipment segment has the largest revenue share over the forecast period. Powered ground support equipment is essential in modern aviation, allowing for more efficient and faster aircraft maintenance. These include motor-driven vehicles and equipment like loaders, tow trucks, and fueling trucks. They are necessary for tasks requiring a lot of power, such as loading luggage and towing aircraft. Reduced operating times and increased efficiency are benefits of powered equipment innovation and advancement. The growing market for these indispensable tools is highlighted by their crucial role in the day-to-day operations of airports.

 

  • In 2023, the passenger handling segment accounted for the largest revenue share over the forecast period.

On the basis of application, the Middle East ground support equipment market is segmented into aircraft handling, passenger handling, and cargo handling. Among these, the passenger handling segment has the largest revenue share over the forecast period. Passenger handling entails the use of equipment and services aimed at improving passenger movement and comfort within the airport. This covers baggage handling, boarding bridges, buses, and helping passengers with special needs. Continuous innovation and investment in this segment are driven by the emphasis on improving the passenger experience. The need for effective and efficient passenger handling grows as air travel continues to rise. The market for passenger handling services and equipment reflects the airline industry's emphasis on operational effectiveness and customer satisfaction.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Middle East 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

  • Siemens AG
  • Cavotec SA 
  • High Dam 
  • JBT
  • DENGE - Ground Support Equipment Manufacturer (GSE)
  • Dnata
  • Excel Industries
  • Guangtai
  • 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, Using Tica's BlueSky program, Etihad Cargo, a Middle Eastern company, is now verified for sustainability. As one of the initial participants in the program's live operations, Etihad Cargo is the first Middle Eastern company to ever succeed in the pilot program.

 

Market Segment

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

 

Middle East Ground Support Equipment Market, By Type

  • Powered Ground Support Equipment
  • Non- Powered Ground Support Equipment

 

Middle East Ground Support Equipment Market, By Application

  • Aircraft Handling
  • Passenger Handling
  • Cargo Handling

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