Fixed-Base Operator Market is Estimated to Grow at a Promisable CAGR During Forecast Period 2030

The global Fixed-Base Operator Market is expected to grow from US$ 25,194.55 million in 2022 to US$ 37,177.46 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2022 to 2028.

The fixed-base operators (FBO) offer a diversified range of services such as hangaring, fuelling, flight instructions, aircraft maintenance, and aircraft rental. Of these, fuelling is the highest revenue generating segments in the fixed-base operator market. FBOs across the world offer fuelling services of AVGAS to the piston engine aircraft and/or Jet Fuel to the turbine-powered aircraft. The fuelling services involve selling fuel to plane owners as well as offering them places to park their planes. Since, the business aviation sector has been growing strongly over the past few years (pre-COVID), the demand for fuelling service provider also surged.

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The List of Companies -
1. Abilene Aero
2. Avemex Sa De Cv
3. Deer Jet Co. Ltd.
4. Dnata Corporation
5. Jet Aviation (General Dynamics Corporation)
6. Jetex
7. Luxaviation Sa
8. Signature Aviation Plc
9. Swissport
10. Atlantic Aviation Fbo Inc.
11. Execujet Aviation Group Ag
12. Universal Weather And Aviation Inc.

The rising demand for business and private jets, including both small and large aircraft, is one of the significant factors driving the business growth of hangaring service providers. The steady rise in general aviation air traffic has created a need for new general aviation aircraft fleet with higher seating capacity. The general aviation aircraft OEMs are also focusing on the development of new-generation aircraft with reduced fuel consumption, large size, and low noise and carbon emissions. As a result, the demand for hangars has increased in the fixed-base operator market. The design of aircraft hangars has also undergone significant changes to suit the changing aircraft sizes and technologies, with modern aircraft hangars being fitted with temperature control and security devices.

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Impact of COVID-19 Pandemic on Fixed-Base Operator Market

Owing to the impact of COVID-19 pandemic, the rise in fuel prices and the decline in number of flights in 2020 and so far, 2021 showcased significant negative impact on the market globally. The constant decrease in the aviation market globally due to this pandemic has made several FBOs to cut their operational costs and laying off employees. To sustain through the pandemic, the FBO service providers have taken an array of initiatives including business expansion to different geographies and partnering with other FBOs or ground handling companies. These initiatives have facilitated several fixed-base operator market players to continue their business.

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