Aircraft Tugs Market Outlook and Growth Scenario: Forecast Study by Fact.MR

The global aircraft tugs market is projected to expand at a steady CAGR of more than 4% over the 2021 to 2031 assessment period. Though diesel aircraft tugs are the most widely used, emergence of electric aircraft tugs is lending impetus to market growth.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Aircraft Tugs market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Aircraft Tugs market.

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Key findings of the Aircraft Tugs market study:

• Regional breakdown of the Aircraft Tugs market based on predefined taxonomy.
• Innovative manufacturing processes implemented by Aircraft Tugs vendors in detail.
• Region-wise and country-wise fragmentation of the Aircraft Tugs market to grasp the revenue, and growth outlook in these areas.
• Changing preferences among consumers across various regions and countries.
• Factors (Positive and Negative) impacting the growth of the global Aircraft Tugs market.

Key Companies Profiled

• Textron GSE
• JBT Corporation
• TREPEL Aircraft Equipment GmbH
• TLD Group SAS
• Kalmar Motor AB
• Mulag Fahrzeugwerk Heinz Wössner GmbH u. Co. KG
• Tronair Inc.
• Mototok International GmbH
• Airtug LLC
• Goldhofer AG

Competitive Landscape

The worldwide aircraft tugs market is moderately competitive in nature, with the presence of a large number of players operating in the landscape. Major players are taking steps to expand their businesses and their market share. During the forecast period, foreign players are expected to expand their presence through acquisitions.

Improvements in the global economic situation and expanding aviation industry in emerging economies are expected to drive market growth, encouraging players to launch new products across regions.
Targeted acquisitions and improved product offerings with advanced technology are key for sustaining in the market.

• JBT Corporation teamed up with ADVEEZ to provide improved ground support equipment monitoring and location tracking on its GSE products. Through this merger, JBT offers factory-installed ADVEEZ FAMA systems on many of its products such as pushback tractors, loaders, deicers, and others.
• TREPEL Aircraft Equipment GmbH acquired Towbarless Technology from GHH for growing its position to offer customers the whole range of aircraft tractors - conventional aircraft tugs as well as towbarless aircraft tugs. All kinds of aircraft moving, from pushback to high speed maintenance towing, can be performed by a TREPEL tractor.
• TLD announced a partnership with EasyMile to develop TractEasy, which is the first autonomous baggage tractor. JET-16 is a standard in zero-emission ramp solution suiting a wide range of applications, from airport baggage handling to industrial uses. It offers a drawbar pull ranging from 3,500 lb to 4,400 lb. It allows progressive acceleration, high speeds over long distances, and overall excellent towing performances.

Key Segments in Aircraft Tugs Industry Research

• By Product :
o Conventional/Towbar Aircraft Tugs
o Towbarless Aircraft Tugs

• By Handling Capacity :
o Up to 50 Ton Power Aircraft Tugs
o 51-150 Ton Power Aircraft Tugs
o 151-260 Ton Power Aircraft Tugs
o More than 260 Ton Power Aircraft Tugs

• By Fuel :
o Diesel Aircraft Tugs
o Gas Aircraft Tugs
o Electric Aircraft Tugs

• By Aircraft :
o Tugs for Civil Aircraft
o Tugs for Cargo Aircraft
o Tugs for Military Aircraft
o Tugs for Executive Jets

• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia & Pacific
o Middle East & Africa

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Queries addressed in the Aircraft Tugs market report:

• Why are the Aircraft Tugs market players targeting region for increased product sales?
• What patented technologies are the players utilizing in the global Aircraft Tugs market?
• Which regions are displaying the fastest growth in the Aircraft Tugs market?
• What are the underlying micro- macroeconomic factors affecting the global Aircraft Tugs market?

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This release was published on openPR.