The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Aircraft Ground Support & Hangar Equipment Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Aircraft Ground Support & Hangar Equipment Industry (2023-2028):
According to the latest report, The Aircraft Ground Support & Hangar Equipment Market is anticipated to grow at a CAGR of around 4.6% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Aircraft Ground Support & Hangar Equipment industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2023-28
- CAGR (2023-2028): 4.6%
What are the major Driver the Aircraft Ground Support & Hangar Equipment industry?
Ever-Increasing Airport Expansion Activities Worldwide – With the rapid downpour of air passengers worldwide and the urge to connect tourist destinations, there are ever-increasing construction activities associated with new airports & expansions across different regions. In view of this, airlines are also expanding their fleets, adding new routes, & operating more flights. Consequently, it is instigating the demand for new GSE & hangars to sustain the aircraft fleet for maintenance, repair, & overhaul (MRO) purposes and driving the Global Aircraft Ground Support & Hangar Equipment Market.
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Aircraft Ground Support & Hangar Equipment Market Segmentation
The Aircraft Ground Support & Hangar Equipment Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Equipment Type
- Ground Support
- Tugs & Tractors
- Pushback Tractors
- Passenger Boarding Lifts & Steps
- Belt Loader
- High-Lift Loader
- De-Anti Icing Vehicle
- Water Services Vehicle
- Lavatory Services Vehicle
- Others (Baggage Cart, etc.)
- Hangar Equipment
- Aircraft Maintenance Access Stand
- Aircraft Multi-Purpose Platform Stand
- Tripod-Jacks
- Axle-Jacks
- Axle-Jack Hose pressure kit
- Tow-bars
- Helicopter Blade Rack
- Aviation Chock Trolley
- Fuselage Wash Stand
- Aircraft Wheel and Brake Change Trailer
- Hydraulic Ground Power Units
- Aircraft Wheel & Tyre Handling
- Fuselage Shelter
- Mobile Elevated Work Platform (MEWP) Shelter
- Engine Dolly / Engine Cradle)
- Others (WIFI Antenna Shelter, Custom Door Racks, Cowling Parts Rack, etc.)
- Ground Support
- By Power Usage
- Electric
- Non-Electric
- Hybrid
- Fuel Cell Vehicle & Advanced GSE
- By Aircraft Type
- Commercial Aircraft
- Military Aircraft
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific
As per the regional aspect, the Aircraft Ground Support & Hangar Equipment Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Aircraft Ground Support & Hangar Equipment Market
JBT AeroTech, All Metal Maintenance Stands, Tronair, Semmco Limited, Wilcox Bodies Ltd., TLD Group, Textron GSE, Safe Structure Designs, LLC, Fast Global Solutions, Mallaghan, MULAG, Global Ground Support, Toyota Industries Corp, DOLL, Guangtai Airports Equipment, Shenzhen TECHKING, Sagar Asia , AERO Specialties, Inc., CTI Systems S.à r.l., SafeSmart Aviation
Recent Developments in the Aircraft Ground Support & Hangar Equipment Market
On 9 March 2023, Safe Structure Designs (S.A.F.E.) announced it had delivered custom wrap-around ergonomic maintenance stands and a cowling rack set to CalFire for its Sikorsky S-70i Firehawk. The SAFETY FIRST ergonomic stands allow technicians SAFE access to perform maintenance on the engines, transmissions, main rotor head, flight controls, exhausts, tail boom, and tail rotor systems of their S-70i aircraft.
On 20 September 2022, Skyservice Business Aviation, a leader in business aviation, acquired a heavy-body aircraft hangar and office facility from Bombardier in Montréal, Canada.
On 13 September 2022, Textron Ground Support Equipment Inc. announced its new CE-certified TUG Endurance™ baggage tractor, which features a modular design that prioritizes performance, safety, ease of service, and sustainability and is available in configurations with cab-forward or cab-aft driving positions to fit the needs of customer operations.
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