Airport Ground Support Vehicles Market Size

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’s growth during the forecast period.