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

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. 

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.

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.
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