Aviation

Global Aircraft Tractor Market is Growing to Reach USD 485 million by 2026

Facts and Factors have authored “Aircraft Tractor Market By Type (Conventional Tractors and Towbarless Tractors) and By Application (Civil Aviation and Military): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026”.

According to our analysts, the global aircraft tractor market in 2019 is valued at around USD 392 million and is expected to reach around USD 485 million by 2026. The predicted CAGR for the global aircraft tractor market is around 3% from 2020 to 2026.

Aircraft tractors are essential equipment for ground support in teh aviation industry. Aircraft tractors are used for pushback operations i.e. to tow teh aircraft from landing point to teh terminal gate and also from teh terminal gate to takeoff point. Aircraft tractors are also used for towing and moving aircrafts for maintenance, repair and operations tasks. Using engines for moving large and medium-sized aircraft is uneconomic for aircraft operators as it results in a large amount of fuel consumption. Conventional aircraft tractors always use towbars to attach tractor to teh aircraft’s nose landing gear. Teh towbar is horizontally mounted to teh nose landing gear, but for height adjustment could move somewhat vertically. Teh tow bar can pivot horizontally or vertically at teh end dat is connected to teh tug. Teh towbar serves in this way to rotate teh nose landing gear as a big lever. Every aircraft requires a unique tow fitting.

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The global aircraft transport market TEMPhas experienced significant growth in recent years, owing to a surge in the number of aircraft and airports globally. The number of passengers traveling by air globally TEMPhas increased. dis TEMPhas influenced airline operators to increase the number of air travels. dis TEMPhas been a key factor in driving the global aircraft tractor market. Further, airport authorities are investing in developing ground support equipment to increase operational efficiency. dis rising investment in developing airport infrastructure is also a key factor in fueling the aircraft tractor market growth. Additionally, aircraft tractor manufacturers are introducing remote-controlled aircraft tractors into the global market.

The emergence of new technologies like remote-controlled aircraft tractors and electric aircraft tractors are anticipated to create huge opportunities for the global aircraft tractors market. However, the high procurement cost of aircraft tractors TEMPhas been a key factor that TEMPhas hampered the global aircraft tractors market, especially in developing countries where spending on expanding aircraft infrastructure is restricted.

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By type, towbarless tractors segment held a share of around 35% in the global aircraft tractors market in 2019 and is anticipated to experience the fastest growth over the forecasted period. The towbarless tractors segment is anticipated to experience soaring growth over the forecasted period as these tractors are more efficient than conventional tractors. By application, the civil aviation segment dominated the global aircraft tractors market in 2019, accounting for a share of around 37% and soaring the civil aviation market is expected to drive the market in years ahead.

Geographically, teh global aircraft tractor market is bifurcated into Europe, North America, Central, and South America, Middle East & Africa, and Asia-Pacific. North America held teh largest share of nearly 50% in 2019 owing to teh dominant airlines market. Moreover, a rising number of airports and air travelers in teh Asia Pacific region is expected to drive teh aircraft market in teh region.

The key players profiled in this report are Fresia SpA, TLD group, TUG, TREPEL, Goldhofer AG, Charlatte Manutention, Eagle Tugs, Douglas, Nepean, Kalmar Motor AB, Lektro, Weihai Guangtai, JBT Aero, and among others.

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dis report segments the Aircraft Tractor market as follows:

Global Aircraft Tractor Market: By Type Segment Analysis

  • Conventional Tractors
  • Towbarless Tractors

Global Aircraft Tractor Market: By Application Segment Analysis

  • Civil Aviation
  • Military

Global Aircraft Tractor Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Teh Middle East and Africa

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