Press release
Airport Fueling Equipment Market Demand, Supply, Growth Factors, Latest Rising Trends and Forecast to 2030
The demand for airport fueling equipment is also increasing with the rapidly growing aviation industry over the last few years. Emerging economies in APAC are showcasing a significant rise in the adoption of airport fueling equipment for commercial and military airport applications. The upcoming or pipelined airport projects in India, Singapore, Malaysia, and Thailand, among others, produce large revenue generation opportunities for the market players.
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Top Players of Global Airport Fueling Equipment market:-
Garsite
Titan Aviation
Fuel Proof Ltd
Esterer GmbH & Co
BETA Fueling Systems
Stokota
Air BP
Total Energies
Gaussin Emerson Electric Co.
Dr Ing. Ulrich Esterer GmbH & Co Fahrzeugaufbauten und Anlagen KG
Similarly, pipelined and under-progress airport project of Changi Airport's Terminal 5 (T5) in Singapore is expected to start in 2025. Also, Thailand is accelerating expansion plans of airports in three locations: Suvarnabhumi, Don Mueang and U-Tapao, and Bangkok-area airports.
Thus, the growth in the number of airports and increased aircraft fleet volumes in APAC is creating a favorable business environment for the airport fueling equipment market players and driving the market growth.
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North America heavily invests in commercial and defense sectors to address the increasing demand for aircraft fleets for international travel and defense strengthening. Additionally, as North America attracts numerous technological developments due to presence of prominent manufacturers, the demand for airport fueling equipment is growing rapidly in the region. With an increasing number of airports and aircraft, the demand for airport fueling equipment and services is also rising to ensure safe flight operations. Most of the countries in the region have a significant number of air flights and airports. The US dominates with ~13,513 airports, followed by Mexico with ~1,714 airports and Canada with ~1,467.
North America has the largest number of aircraft manufacturing companies and service providers, leading to strong competition in the market. The rising competition in the region has encouraged market players to provide enhanced integration of advanced systems such as electrically powered equipment and hydrogen-based vehicles through continuous development at competitive pricing.
The aviation industry is also enhancing airport fueling equipment operations to ensure flights are ready to fly within the minimum required time for fueling. Furthermore, there is a rise in investments in airport expansion and new projects. For instance, in 2022, Federal Aviation Administration announced an investment of US$ 1 billion in 2023 for airport expansions. Also, in June 2022, Tucson International Airport (TUS) formed a partnership with Burns & McDonnell to introduce a new 500,000-gallon bulk jet fuel storage facility project worth US$ 28.8 million. It includes a trio of 168,000 above-ground jet fuel tanks and the replacement of eight underground single-walled tanks. The increasing number of flights and airports in the region contributes heavily to the market growth, and it is expected to create a lucrative opportunity for market players to make more advancements in airport fueling equipment solutions.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc
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