Future Aircraft Hangar Equipment Market: Key Dynamics, Size & Share Analysis
The Global Aircraft Hangar Equipment Market is projected to grow at a CAGR of around 4.6% during the forecast period, i.e., 2023-28. The market for aircraft hangars has attained a swift growth pace with the sudden surge in the number of airbuses worldwide. With the increased number of aircraft, the need to ensure their safety and storage has also arisen, which in turn, has enabled the production of hangar equipment like aircraft multi-purpose platform stand, aircraft maintenance access stand, tripod-jacks, axle-jacks, axle-jack hose pressure kit, among others, ramp up in recent years. The utility of these hangars in terms of building aircraft, storing and also repairing, if and when needed, has furthered the market expansion. Moreover, with substantial funding from government authorities, the Aircraft Support Industries (ASI) is likely to enthrall in the coming years.
Top Market Challenges Impacting the Aircraft Hangar Equipment Market Growth
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.
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Understanding the Core Segments in the Aircraft Hangar Equipment Market
Aircraft Hangar Equipment Market Size, Share & Industry Trends Analysis- 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)),
Geographical Analysis of the Aircraft Hangar Equipment Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific.
North America holds a sizable market share in the historical period and is foreseen to prevail in the same trend in the coming years.
Who Dominates the Aircraft Hangar Equipment Market Insights on Key Industry Players?
Companies are strengthening their presence in the Aircraft Hangar Equipment market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- 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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