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Aircraft Towbars Market Report 2023-2032: Trend Analysis, Size, Scope, Statistics And Forecast | Makro Aero, John Bean Technologies Corporation, Textron Ground Support Equipment Inc., Weihai Guangtai Airport Equipment Co. Ltd., Tronair Inc
Aircraft Towbars Market
The Business Research Company's Aircraft Towbars Global Market Report 2023 identifies increasing air traffic as the major driver for the Aircraft Towbars market's growth in the forecast period. Air traffic refers to aircraft movement in airspace, including takeoffs, landings, and end-route flights. Aircraft towbars encompass the management and control of aircraft operations to ensure safe and efficient air transportation.
The global aircraft towbars market is expected to grow from $2.71 billion in 2022 to $2.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft towbars market is expected to reach $3.42 billion in 2027 at a CAGR of 4.5%.
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Major competitors in the Aircraft Towbars market are Makro Aero, John Bean Technologies Corporation, Textron Ground Support Equipment Inc., Weihai Guangtai Airport Equipment Co. Ltd., Tronair Inc.
A key trend in the Aircraft Towbars market includes Strategic partnerships. Major companies operating in the aircraft towbars market are forming partnerships and collaborative relationships to sustain their position in the market. For instance, in March 2023, Barfield Inc., a US aviation company, partnered with Dedienne Aerospace., a France-based aerospace maintenance tooling company. This partnership aims to provide services and distribute ground support test equipment. Also, it is expected to strengthen both companies' positions in the US. Furthermore, in April 2021, Menzies Aviation Limited., a UK-based logistics and airport services company, partnered with Emirates Group, a United Arab Emirates-based aviation company. With this partnership, they aim to provide ground-handling services. It will cover all aspects of ground handling, including passenger handling, ramp handling, cargo handling, and fueling, using such equipment as aircraft towbars and more.
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The Aircraft Towbars market is segmented -
1. By Product Type: Multi-Head, Standard And Universal
2. By Towbar Mechanism: Conventional Towbars, Towbarless Aircraft Tractors, Electric Towbars
3. By Material Type: Aluminum, Steel
4. By Tow-Head Type: Shear Pin, Clamp
5. By End-User: Airlines, Ground Handling Service Providers, Military And Defense
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Aircraft Towbars market.
The Business Research Company's "Global Aircraft Towbars Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aircraft Towbars Market Include:
1. Executive Summary
2. Aircraft Towbars Market Characteristics
3. Aircraft Towbars Market Trends And Strategies
4. Aircraft Towbars Market - Macro Economic Scenario
……
32. Global Aircraft Towbars Market Competitive Benchmarking
33. Global Aircraft Towbars Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aircraft Towbars Market
35. Aircraft Towbars Market Future Outlook and Potential Analysis
36. Appendix
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