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Aircraft Towing Equipment Market Insights
According to MRFR analysis, the global aircraft towing equipment market is expected to register a CAGR of 7% from 2022 to 2030 and hold a value of over USD xx billion by 2030.
The aircraft towing equipment market refers to the market for machinery and tools used for towing aircraft on the ground. This equipment is essential for the movement of aircraft in airports and maintenance facilities. They include towbars, tugs, tractors, and dollies, among others. The COVID-19 pandemic has had a significant impact on the aircraft towing equipment market. The aviation industry has been severely affected by the pandemic, with reduced air travel leading to decreased demand for aircraft towing equipment. Many airlines have also deferred or cancelled their aircraft orders, further impacting the market.
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Regional Analysis
North America: One of the largest markets due to established aviation industries and a large number of airports. Demand is driven by aircraft movements and the need for maintenance and repairs.
Europe: Major market with established aviation industries, large number of airports and airlines, and increasing focus on improving airport infrastructure.
Asia-Pacific: Expected to witness significant growth due to increasing air travel, expanding aviation infrastructure, and the need for maintenance and repairs of aircraft.
Rest of the World: Expected to witness steady growth due to the expansion of the aviation industry and increasing focus on improving airport infrastructure.
Market Segmentation
The Global aircraft towing equipment market has been segmented into Equipment type, Mode of Propulsion and End-User.
Based on Equipment Type: Towbar Tractors and Towbarless Tractors
Based on Mode of Propulsion: Non-Electric, Electric and Hybrid
Based on End-User: Commercial and Military
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Key Players
Some of the market key players are Avia Equipment Pte Ltd (Singapore), Aero Specialties, Inc. (US), Cavotec SA (Switzerland), Douglas Equipment Ltd (UK), Flightline Support Ltd (UK), Gate GSE (Belgium), Imai Aero-Equipment Mfg Co. Ltd (Japan), JBT Corporation (US), MULAG Fahrzeugwerk GmbH (Germany), and Weihai Guangtai Airport Equipment Co., Ltd (China).
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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