Aircraft Hangar Equipment Market Poised for Robust Growth, forecasted to Expand at 4.6% CAGR from 2023-28

MarkNtel Advisors has released its latest report highlighting strong growth in 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.

Report Coverage

This report offers a comprehensive analysis of the Aircraft Hangar Equipment Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

  • Base Year: 2022
  • Forecast Years: 2023-28
  • Historical Years: 2018-21

Aircraft Hangar Equipment Market Overview

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.

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Aircraft Hangar Equipment Market Segmentation Outlook

The Aircraft Hangar Equipment is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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)

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia Pacific

Aircraft Hangar Equipment Market Trend

The Growing Propensity for Inflatable Hangars across developing countries- Inflatable aspect have gained traction in recent years predominantly due to their ability to get built in a shorter time compared to traditionally constructed aircraft barracks. Another factor backing such inclination demonstrated by the airport facilities is the lesser cost of installation associated with it. Moreover, the solidifying airport initiatives in developing countries further amplifies the demand for such advanced aircraft barracks. The ability to withstand adverse weather conditions alongside being sustainable has led to an increase in its installation. The integration of inflatable technology and technical textiles has paved the way for the utilization of inflatable hangars in all kinds of aircraft, from commercial, military, drones, and private jets to general aviation aircraft.

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Top Aircraft Hangar Equipment Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies 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.Others as key players shaping the market landscape.

Aircraft Hangar Equipment Market News

  • 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.

Key Questions Answered in the Report

  • What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
  • How the industry has been evolving, and which segments would dominate the market during the forecast period?
  • What are the key opportunity areas that companies foresee in the coming years 2028?
  • Who are the key players in the market, and what are their competitive strengths?
  • What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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