Press release
Aircraft Towing Equipment Market: 2019 Share, Size, Analysis, Value Forecast, Ongoing Trends and Competitive Analysis By Major Key Players Like Equipment, Aero Specialties, Cavotec, Douglas Equipment, Flightline Support, Gate GSE, Weihai Guangtai Airport
The global aircraft towing equipment market is estimated to register a CAGR of more than 7% during the forecast period of 2018 to
The key players in the global aircraft towing equipment market are Avia Equipment Pte Ltd (Singapore), Aero Specialties, Inc. (US), Cavotec SA (Switzerland), Douglas Equipment Ltd (UK), Flightline Support Ltd (UK), Gate GSE (Belgium), Imai Aero-Equipment Mfg Co. Ltd (Japan), JBT Corporation (US), MULAG Fahrzeugwerk GmbH (Germany), and Weihai Guangtai Airport Equipment Co., Ltd (China).
The global aircraft towing equipment market is estimated to register a CAGR of more than 7% during the forecast period of 2018 to 2023.
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Global Aircraft Towing Equipment Market: Information by Equipment Type (Towbar Tractors and Towbarless Tractors), Mode of Propulsion (Non-Electric, Electric, and Hybrid Propulsion), End User (Commercial and Military), and Region—Forecast till 2023
Market Scenario
Aircraft towing equipment is ground support equipment used to move aircraft. It is used to decrease fuel consumption when an aircraft is on ground. The major drivers for the growth of the global aircraft towing equipment market are the rising demand for hybrid and electric aircraft towing equipment, technological developments, increase in air passenger and cargo traffic, and the growing number of airlines and airports.
The global aircraft towing equipment market has been segmented by equipment type, mode of propulsion, end user, and region. Based on equipment type, the market has been divided into towbar tractors and towbarless tractors. In 2017, the towbar tractors segment accounted for the larger market share. However, the towbarless tractors segment is estimated to be the faster-growing market during the forecast period as these tractors offer increased efficiency and are cost-effective as compared to towbar tractors.
The global aircraft towing equipment market has also been studied for four regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to account for the largest market share during the review period owing to the presence of major aircraft towing equipment manufacturers such as JBT Corporation and Tug Technologies Corporation in the region. Asia-Pacific is estimated to be the fastest-growing regional market during the forecast period due to a rise in the number of airports in the region.
Intended Audience
• Distributors and suppliers
• End users
• Research organizations
• Original equipment manufacturers
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Aircraft Towing Equipment Market Scope of the Report
This study provides an overview of the global aircraft towing equipment market has three market segments across five regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume, and share in North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The study segments the global aircraft towing equipment market by equipment type, mode of propulsion, end user, and region.
Equipment Type
Towbar Tractors
Towbarless Tractors
Mode of Propulsion
Non-Electric
Electric
Hybrid
End User
Commercial
Military
By Region
North America
Europe
Asia-Pacific
Middle East & Africa
Latin America
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