Press release
Aircraft Hangar Market to reach USD 1.62 Bn by 2029, emerging at a CAGR of 6.5 percent and forecast 2023-2029
Aircraft Hangar Market
The Aircraft Hangar Market is poised to reach an estimated value of US$ 1.62 billion by 2029, showcasing significant growth from US$ 1.04 billion in 2022. This robust expansion is expected to maintain a Compound Annual Growth Rate (CAGR) of 6.5% throughout the forecast period.
Aircraft hangars, closed structures made of metal, wood, and concrete, serve as essential facilities for the weather protection, maintenance, assembly, and storage of aircraft and aircraft carriers. The report delves into the diverse aspects of this market, from basic "shade" structures to state-of-the-art, environmental-controlled repair facilities.
Maximize Market Research Pvt Ltd's report employs a rigorous research methodology, ensuring the accuracy and reliability of the data presented. This includes comprehensive market analysis, data collection, and industry expert insights.
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Aircraft Hangar Market Dynamics:
Modernization of Airports: The aviation industry is witnessing airport modernization initiatives in developed and emerging economies, boosting the demand for aircraft hangars.
Rising Commercial Aircraft Orders: Increased orders for commercial aircraft contribute to the growth of the aircraft hangar market.
Energy-Efficient Hangars: The need for relocatable and energy-efficient fabric aircraft hangars is on the rise, stimulating market expansion.
Despite the positive outlook, the report acknowledges the presence of challenges in the market, such as strict aircraft hangar design guidelines that may hinder growth.
Aircraft Hangar Market Regional Insights:
The Aircraft Hangar Market exhibits varying dynamics across regions:
North America: In 2022, North America held the largest share in the market due to increased airport renovation investments and the presence of renowned enterprises. The United States' Aircraft Hangar market is projected to reach US$ 1.7 billion in 2022.
Asia Pacific: The Asia Pacific region is expected to witness significant growth, driven by new airport construction projects and increased air passenger traffic. This region's demand for commercial airplanes will also fuel market growth.
Europe: Europe boasts prominent aircraft hangar suppliers like Fulfab Inc. and Rubb Buildings Ltd., contributing to market expansion. Germany is expected to grow at a CAGR of approximately 0.6%.
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Aircraft Hangar Market Segmentation:
by Product
Fixed Installation Hangar
Portable Installation Hangar
by Construction
Steel construction
Wood construction
Fabric construction
by Application
Personal Aircraft
Commercial Aircraft
Military aircraft
Others
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Aircraft Hangar Market Key Players:
1.Rubb Buildings Ltd
2. Diuk Arches
3. HTS tentiQ
4.Fulfab
5. JOHN REID & SONS (STRUCSTEEL) LTD
6. BlueScope Buildings North America, Inc.
7. J&M Steel Solutions
8. Big Top Manufacturing
9. AECOM
10.Alaska Structures
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Table of content for the Aircraft Hangar Market includes:
1. Global Aircraft Hangar Market: Research Methodology
2. Global Aircraft Hangar Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Aircraft Hangar Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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