Market Research Report

Global Aircraft Hangar Equipment Market Research Report: Forecast (2023-2028)

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)), By Region (North America, South America, Europe, The Middle East & Africa, Asia Pacific), By Company (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.) Read more

  • Aerospace & Defense
  • Apr 2023
  • 193
  • PDF, Excel, PPT

Market Definition

Aircraft hangars are buildings or structures intended to hold spacecraft or aircraft and ensure their safety from adverse weather conditions or heists. Such hangars are often built using metal, wood, or concrete. These are often custom-made based on the type of aircraft, the purpose of the hangar along with its location and costs.

Market Insights & Analysis: Global Aircraft Hangar Equipment Market (2023-28)

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. The market for aircraft hangars has attained a swift growth pace with the sudden surge in the number of airbuses worldwide. With the increased number of aircraft, the need to ensure their safety and storage has also arisen, which in turn, has enabled the production of hangar equipment like aircraft multi-purpose platform stand, aircraft maintenance access stand, tripod-jacks, axle-jacks, axle-jack hose pressure kit, among others, ramp up in recent years. The utility of these hangars in terms of building aircraft, storing and also repairing, if and when needed, has furthered the market expansion. Moreover, with substantial funding from government authorities, the Aircraft Support Industries (ASI) is likely to enthrall in the coming years. 

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 4.6%
Regions Covered North America: The US, Canada, Mexico
South America: Brazil, Rest of South America
Europe: Germany, The UK, France, Russia, Spain, Italy, Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Rest of Asia Pacific
Middle East & Africa: Saudi Arabia, The UAE, Israel, Turkey, Rest of The Middle East & Africa
Key Companies Profiled 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.
Unit Denominations USD Million/Billion

 

In addition, the rising number of air passengers in regions such as Europe, Asia-Pacific, the Middle East & Africa, etc., has been necessitating the requirement for new airports in order to meet the air traffic growth. According to the International Air Transport Association, the total traffic in March 2022 (measured in revenue passenger kilometers or RPKs) increased to 76.0% in comparison to March 2021. Moreover, due to the growing number of air passengers in the countries such as India, Vietnam, China, etc., the airport authorities in the respective countries are strengthening their air passenger handling capacities by expanding runways, developing new airports, enhancing aircraft fleet sizes, etc. As a result, the design and construction of hangars have been uplifted to cater to the growing capacities of the airport. For instance,

  • In 2019, England’s Heathrow Airport announced its third runway construction, which is expected to be completed by 2026. The expansion of the runway would increase the passenger capacity from nearly 85.5 million to about 130 million annually.

Key Trends in the Market

  • The Growing Propensity for Inflatable Hangars across developing countries

Inflatable aspect have gained traction in recent years predominantly due to their ability to get built in a shorter time compared to traditionally constructed aircraft barracks. Another factor backing such inclination demonstrated by the airport facilities is the lesser cost of installation associated with it. Moreover, the solidifying airport initiatives in developing countries further amplifies the demand for such advanced aircraft barracks. The ability to withstand adverse weather conditions alongside being sustainable has led to an increase in its installation. The integration of inflatable technology and technical textiles has paved the way for the utilization of inflatable hangars in all kinds of aircraft, from commercial, military, drones, and private jets to general aviation aircraft. For instance,

  • In Feb 2021, GMR Hyderabad received India’s first inflatable hangar, becoming the only MRO in Asia to have installed such a hangar to date. This hanger can house up to an Airbus A320/Boeing 737 size aircraft.

Global Aircraft Hangar Equipment Market Research Report: Forecast (2023-2028)

Market Segmentation

Based on Aircraft Type,

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

Between the two, Military aircraft acquired a noticeable market growth in the historical period. It owes principally to the escalating geopolitical tension worldwide, such as the ongoing Russia-Ukraine War and the land dispute between the nations such as China, India, Pakistan, Greece, Turkey, etc. The increased agreements between the governments of several countries for the purchase of military aircraft in order to boost their military base have fostered the demand for aircraft maintenance facilities like hangars worldwide. Further, the increasing sales of fighter jets, cargo jets, etc., worldwide due to rising warfare tensions would likely require hangars for maintenance, repair, etc. These aspects are predicted to soar the demand for aircraft hangar equipment in the forecast years.

Based on 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.)

The types of equipment, such as aircraft maintenance access stand, fuselage shelter, washstand, and aircraft multi-purpose platform stand, among others, witnessed notable growth in the historical years. The diversified functionality of the aircraft's multi-purpose platform stand has made it one of the most desirable hangar equipment. The aircraft multi-purpose platform stand has been used for a variety of applications in hangars, such as static port inspections or replacements, pitot probe tube inspections or replacements, trailing edge actuator inspections, etc. Key features of the dedicated hangar include temperature and humidity control, optimization of hangar volume followed by energy consumption, and environment friendly via regulated waste management and air emissions. Therefore, the demand for aircraft hangar equipment is likely to augment in the forthcoming years owing to their broad range of applications relating to aircraft maintenance at hangars.

Regional Projection

Geographically, the Global Aircraft Hangar Equipment Market expands across:

  • North America
  • South America
  • Europe
  • 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. This growth primarily attributes to the substantial presence of renowned enterprises, the large influx of funds by the government relating to airport renovation activities, and the expansion of airports across the region. Skyservice Business Aviation, a North American aviation company, acquired a heavy-body aircraft hangar and an office facility from Bombardier in Montréal, Canada. The project is expected to fold the company’s presence at Montréal-Trudeau International Airport (YUL) in Canada. The growing number of commercial aircraft orders in countries like the USA and Canada is likely to push the aircraft hangar market forward during the forecast period. Besides, the mounting need for relocatable and energy-efficient fabric aircraft hangars is anticipated to drive the market across the region. The modernization of aircraft fleets and airports, rise in commercial aviation & increasing fleet capacity, and rising procurement of new aircraft elevated the demand for fixed-installed aircraft hangars and, in turn, fostered market expansion.

Recent Developments in the Global Aircraft Hangar Equipment Market

  • In 2022, Safe Structure Designs, LLC Supplied customized wing access platform for the United States Coast Guard Leonardo C27J Spartan. Earlier in 2020, the US Army awarded the contract of around USD1 million to the company to supply fall protection platforms for the Boeing Chinook CH-46 and CH-47 aircraft.
  • In March 2022, Denver International Airport received Southwest Airlines’ major infrastructure investment into the completion of a modern Technical Operations hangar facility at the airport.
  • On July 7, 2022, Katowice Airport inaugurated the third aircraft maintenance hangar, the biggest building of its kind.

Market Dynamics

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.

Potential Challenge: High initial Investments Allied with Aircraft Hangars Hamper the Market Growth

Aircraft Hangar building includes considerable assembly costs, especially for the large-scale facilities that are able to accommodate several aircraft. Aircraft hangar's importance is increasing in commercial flights and aviation fleets. Nevertheless, the required substantial costs for the hangar construction, equipping facility, and land acquisition are anticipated a challenge for the Global Aircraft Hangar Equipment Market. The construction costs involve labor, material, and specialized engineering proficiency. Additionally, compliance with aviation guidelines and security can further add to the initial investments. This challenging factor may limit the Global Aircraft Hangar Equipment Market during forecast period. For instance, 

  • In 2023, a new aircraft hangar for the Indian Air Force constructed by the SML Group. The hangar has the ability to accommodate a variability of aircraft, including transport aircraft, helicopters, and fighter jets. This development will help the company to cater a variety of customers and to expand its existence in the Asia-Pacific region.

Gain a Competitive Edge with Our Global Aircraft Hangar Equipment Market Report

  1. Global Aircraft Hangar Equipment Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Global Aircraft Hangar Equipment Market aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations. 

Frequently Asked Questions

   A. The Aircraft Hangar Equipment Market is projected to grow at a CAGR of around 4.6% during 2023-28.

   A. Strengthening airport expansion worldwide is anticipated to drive the Aircraft Hangar Equipment Market during 2023-28.

   A. The top market players are 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, Others.

   A. Military Aircraft is anticipated to emerge as an area of remunerative opportunities for the leading players in the Aircraft Hangar Equipment Market during the forecast period.

   A. Globally, North America would provide lucrative prospects for the Aircraft Hangar Equipment Market in the years ahead.

   A. The growing propensity for inflatable hangars across developing countries is shaping the growth of the Aircraft Hangar Equipment Market during 2023-28.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Impact of COVID-19 on Global Aircraft Hangar Equipment Market
  5. Global Aircraft Hangar Equipment Market: Key Insights
    1. Planned New Airports/Expansion Projects
    2. Upcoming Aircraft Purchases
    3. Others
  6. Global Aircraft Hangar Equipment Market Trends & Insights
  7. Global Aircraft Hangar Equipment Market Dynamics
    1. Drivers
    2. Challenges
  8. Global Aircraft Hangar Equipment Market Porters Five Forces Analysis
  9. Global Aircraft Hangar Equipment Market Regulations & Policies
  10. Global Aircraft Hangar Equipment Market Hotspots & Opportunities
  11. Global Aircraft Hangar Equipment Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type
        1. Aircraft Maintenance Access Stand
        2. Aircraft Multi-Purpose Platform Stand
        3. Tripod-Jacks
        4. Axle-Jacks
        5. Axle-Jack Hose pressure kit
        6. Tow-bars
        7. Helicopter Blade Rack
        8. Aviation Chock Trolley
        9. Fuselage Wash Stand
        10. Aircraft Wheel and Brake Change Trailer
        11. Hydraulic Ground Power Units
        12. Aircraft Wheel & Tyre Handling
        13. Fuselage Shelter
        14. Mobile Elevated Work Platform (MEWP) Shelter
        15. Engine Dolly / Engine Cradle
        16. Others (WIFI Antenna Shelter, Custom Door Racks, Cowling Parts Rack, etc.)
      2. By Aircraft Type
        1. Commercial Aircraft
          1. Passenger Aircraft
          2. Cargo Jets
          3. Helicopters
        2. Military Aircraft
          1. Fighter Jets
          2. Cargo Jets
          3. Helicopters & Others (Special Mission Aircraft)
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia Pacific
      4. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies
  12. North America Aircraft Hangar Equipment Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type
      2. By Aircraft Type
        1. Commercial Aircraft
        2. Military Aircraft
      3. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    4. Canada Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    5. Mexico Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
  13. South America Aircraft Hangar Equipment Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type
      2. By Aircraft Type
        1. Commercial Aircraft
        2. Military Aircraft
      3. By Country
        1. Brazil
        2. Rest of South America
    3. Brazil Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
  14. Europe Aircraft Hangar Equipment Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type
      2. By Aircraft Type
        1. Commercial Aircraft
        2. Military Aircraft
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Russia
        5. Spain
        6. Italy
        7. Rest of Europe
    3. Germany Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    4. The UK Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    5. France Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    6. Russia Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    7. Spain Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    8. Italy Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
  15. The Middle East & Africa Aircraft Hangar Equipment Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type
      2. By Aircraft Type
        1. Commercial Aircraft
        2. Military Aircraft
      3. By Country
        1. Saudi Arabia
        2. The UAE
        3. Israel
        4. Turkey
        5. Rest of The Middle East & Africa
    3. Saudi Arabia Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    4. The UAE Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    5. Israel Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    6. Turkey Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
  16. Asia Pacific Aircraft Hangar Equipment Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type
      2. By Aircraft Type
        1. Commercial Aircraft
        2. Military Aircraft
      3. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Rest of Asia Pacific           
    3. China Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    4. Japan Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    5. India Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
    6. South Korea Aircraft Hangar Equipment Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Aircraft Type
  17. Global Aircraft Hangar Equipment Market Key Strategic Imperatives for Growth & Success
  18. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. JBT AeroTech
      2. All Metal Maintenance Stands
      3. Sagar Asia
      4. AERO Specialties, Inc.
      5. CTI Systems S.à r.l.
      6. SafeSmart Aviation
      7. Safe Structure Designs, LLC
      8. HYDRO SYSTEMS KG
      9. Tronair
      10. Semmco Limited
      11. Wilcox Bodies Ltd.
  19. Disclaimer


Aircraft Hangar Equipment Market Segmentation Slide