Aircraft Hangar Equipment Market Size 2023-2028: JBT AeroTech, All Metal Maintenance Stands, Sagar Asia, AERO Specialties, Inc., CTI Systems S.à r.l.

According to MarkNtel Advisors study 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.

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Key Findings of the Study: Aircraft Hangar Equipment market

Key Driver: 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.

Potential Challenge: High initial Investments Allied with Aircraft Hangars Hamper the Market Growth

Aircraft Hangar building includes considerable assembly costs, especially for the large-scale facilities that are able to accommodate several aircraft. Aircraft hangar's importance is increasing in commercial flights and aviation fleets. Nevertheless, the required substantial costs for the hangar construction, equipping facility, and land acquisition are anticipated a challenge for the Global Aircraft Hangar Equipment Market. The construction costs involve labor, material, and specialized engineering proficiency. Additionally, compliance with aviation guidelines and security can further add to the initial investments. This challenging factor may limit the Global Aircraft Hangar Equipment Market during forecast period. For instance,

In 2023, a new aircraft hangar for the Indian Air Force constructed by the SML Group. The hangar has the ability to accommodate a variability of aircraft, including transport aircraft, helicopters, and fighter jets. This development will help the company to cater a variety of customers and to expand its existence in the Asia-Pacific region.

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Scope of the Report and Aircraft Hangar Equipment Market Segmentation:

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)

Between the two, Military aircraft acquired a noticeable market growth in the historical period.

Aircraft Hangar Equipment Market Competitive Landscape

• 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.

Aircraft Hangar Equipment Market Development:

• 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.

Geographical Analysis:

By Region

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

Of them all, North America holds a sizable market share in the historical period and is foreseen to prevail in the same trend in the coming years.

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