The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Aircraft 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 Hangar Equipment Industry (2023-2028):
According to the latest report, TheAircraft Hangar Equipment Market is projected 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 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 Hangar Equipment industry?
Strengthening Airports Expansion Worldwide: The Global Aircraft Hangar Equipment market saw a considerable rise in the historical years, owing to the construction of new airports in different regions such as the Middle East & Africa, South-East Asia, etc. Besides, the rapid downpour of air passengers worldwide and the urge to connect tourist destinations also calls for more new airports. As such, new airports would automatically require new hangars to sustain the aircraft fleets for maintenance, repair, and overhaul purposes, thereby driving the demand for hangar equipment during the forecast period. For instance,
In November 2022, Saudi Arabia, in a bid to diversify its economy away from petrodollars, revealed its plans for a new airport in Riyadh, seemingly capable of receiving 180 million passengers a year.
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Aircraft Hangar Equipment Market Segmentation
The Aircraft 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
- 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.)
- By Aircraft Type
- Commercial Aircraft
- Passenger Aircraft
- Cargo Jets
- Helicopters
- Military Aircraft
- Fighter Jets
- Cargo Jets
- Helicopters & Others (Special Mission Aircraft)
- Commercial Aircraft
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific
As per the regional aspect, the Aircraft 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 Hangar Equipment Market
JBT AeroTech, All Metal Maintenance Stands, Sagar Asia, AERO Specialties, Inc., CTI Systems S.à r.l., SafeSmart Aviation, Safe Structure Designs, LLC, HYDRO SYSTEMS KG, Tronair, Semmco Limited, Wilcox Bodies Ltd.
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Recent Developments in the Global Aircraft Hangar Equipment Market
In 2022, Safe Structure Designs, LLC Supplied customized wing access platform for the United States Coast Guard Leonardo C27J Spartan. Earlier in 2020, the US Army awarded the contract of around USD1 million to the company to supply fall protection platforms for the Boeing Chinook CH-46 and CH-47 aircraft.
In March 2022, Denver International Airport received Southwest Airlines’ major infrastructure investment into the completion of a modern Technical Operations hangar facility at the airport.
On July 7, 2022, Katowice Airport inaugurated the third aircraft maintenance hangar, the biggest building of its kind.
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