Aircraft Hangar Equipment Market Size, Share, Growth Insight – 4.6% Estimated CAGR Growth By 2028

How big is the Global Aircraft Hangar Equipment market?

According to MarkNtel Advisors study, the Global Aircraft Hangar Equipment market is projected to grow at a CAGR of around 4.6% during the forecast period, i.e., 2023-28.

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Key Driver: Strengthening Airports Expansion Worldwide

The Global Aircraft Hangar Equipment market saw a considerable rise in the historical years, owing to the construction of new airports in different regions such as the Middle East & Africa, South-East Asia, etc. Besides, the rapid downpour of air passengers worldwide and the urge to connect tourist destinations also calls for more new airports. As such, new airports would automatically require new hangars to sustain the aircraft fleets for maintenance, repair, and overhaul purposes, thereby driving the demand for hangar equipment during the forecast period. For instance,

• In November 2022, Saudi Arabia, in a bid to diversify its economy away from petrodollars, revealed its plans for a new airport in Riyadh, seemingly capable of receiving 180 million passengers a year.

Leading Companies in the Global Aircraft Hangar Equipment market:

• JBT AeroTech
• All Metal Maintenance Stands
• Sagar Asia
• AERO Specialties, Inc.
• CTI Systems S.à r.l.
• SafeSmart Aviation
• Safe Structure Designs, LLC
• HYDRO SYSTEMS KG
• Tronair
• Semmco Limited
• Wilcox Bodies Ltd.

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Global Aircraft Hangar Equipment Market Segmentation:

By Equipment Type

• Aircraft Maintenance Access Stand
• Aircraft Multi-Purpose Platform Stand
• Tripod-Jacks
• Axle-Jacks
• Axle-Jack Hose pressure kit
• Tow-bars
• Helicopter Blade Rack
• Aviation Chock Trolley
• Fuselage Wash Stand
• Aircraft Wheel and Brake Change Trailer
• Hydraulic Ground Power Units
• Aircraft Wheel & Tyre Handling
• Fuselage Shelter
• Mobile Elevated Work Platform (MEWP) Shelter
• Engine Dolly / Engine Cradle
• Others (WIFI Antenna Shelter, Custom Door Racks, Cowling Parts Rack, etc.)

By Aircraft Type

• Commercial Aircraft
• Passenger Aircraft
• Cargo Jets
• Helicopters
• Military Aircraft
• Fighter Jets
• Cargo Jets
• Helicopters & Others (Special Mission Aircraft)

Between the two, Military aircraft acquired a noticeable market growth in the historical period.

Regional/ Countries Insight:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Of them all, North America holds a sizable market share in the historical period and is foreseen to prevail in the same trend in the coming years.

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