Competitive Analysis
The global aircraft jack market has an intensely competitive landscape. The players in the market are adopting several new strategies such as partnerships, mergers, and acquisitions to strengthen their global market footprint. The leading players in the global aircraft jack market include GSE Composystem, ColumbusJACK/Regent, Langa Industrial, S.A., HYDRO SYSTEMS KG, Semmco Limited, Chiarlone Officine, Makro Aero, SOLAIR GROUP, LLC., Stertil-Koni, Malabar International, Dedienne Aerospace, and several others.
Aircraft Jack Market To Record A CAGR Of 3.2% By 2027
As per the MRFR reports, the global aircraft jack market is projected to record a healthy CAGR of over 3.2% during the review timeframe from 2020 to 2027.
Aircraft jacks are utilized for ground support for inspections and routine maintenance. The most used jacks are axle jacks and tripod jacks. Generally, aircraft jacks are utilized to maintain wheels, struts, and tires. The global aircraft jack market has recorded massive growth in recent years. The market’s growth is being driven by the growing focus on aircraft maintenance, the rise in the number of aircraft, and rising investment by MRO providers and original equipment manufacturers in technology. On the other hand, the complexity involved in the deployment is likely to have an adverse impact on the growth of the aircraft jack market over the review timeframe.
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Segment Analysis
The global aircraft jack market has been divided into several segments based on type, application, and region.
The aircraft jack market is divided into pneumatic and hydraulic based on type.
The aircraft jack market is split into military and civil aviation by application.
Regional Analysis
The global aircraft jack market is studied across five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
According to the research reports by MRFR, the North American region is projected to acquire the largest market size in the global aircraft jack market over the review timeframe. The presence of major market leaders such as Solair Group LLC, Malabar International, and others is the primary aspect causing an upsurge in the regional market’s growth. Furthermore, the growth in commercial and military aircraft across the region is another crucial factor propelling the regional market’s growth.
The European region contributed to a substantial share in the global aircraft jack market in 2019. The growth in commercial air transportation in nations such as France, Germany, Spain, and the U.K. is the primary aspect propelling the regional market’s growth. Moreover, the significant rise in spending on military aircraft procurement is also projected to fuel the regional aircraft jack market’s growth.
The aircraft jack market for the Asia-Pacific region is anticipated to record the highest growth over the assessment era. The regional market’s growth is being driven by the increasing defense expenditure and increasing demand for new aircraft. Furthermore, the growth in spending on military aircraft procurement across the region is also projected to impact the regional aircraft jack market positively.
The Latin American region is anticipated to record substantial growth during the assessment period due mainly to civil aviation growth. Furthermore, the growth in demand for MRO services is another prime aspect boosting the regional market’s growth.
Recent Developments
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