Aircraft Tugs Market Scope
Aircraft Tugs are used by sing ground tugs to move airplanes on the ground and do save fuel. It also allows for precise parking as the tug driver can see the area around the airplane better than the pilot can from the flight deck. Leading airports are joining forces for the development of remotely-operated aircraft tugs. The rise in airport expansion worldwide continue to the growth of aircraft tugs. Self-driving aircraft tugs are expected to be the key focus area of ground service equipment manufacturers in the near future.
The market of solutions for Aircraft Tugs is expected to grow with rising demand from number of end use industries. Numerous companies are operating in the market to provide Aircraft Tugs in different market. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. In addition, market profitability is attracting new entrant which is turn impacted on competitive rivalry. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Aircraft Tugs market throughout the predicted period.
Textron GSE (United States), Tronair (United States), JBT Corporation (United States), Trepel Airport Equipment (Germany), TLD Group (France), LEKTRO (United States), Airtug LLC (United States), Kalmar Motor (Sweden) and MULAG (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Mototok International (Germany), Flyer-Truck (Germany), Goldhofer (Germany), NMC-Wollard (United States) and TowFLEXX (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Aircraft Tugs market by Type (Conventional Aircraft Tugs and Towbarless Aircraft Tugs), by Application (Military Aircraft and Civil Aircraft) and Region with country level break-up.
On the basis of geography, the market of Aircraft Tugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
LEKTRO, Inc. is pleased to announce that an agreement is in place for its acquisition by Chicago-based JBT Corporation.LEKTRO’s family of all-electric towbarless vehicles is a great complement to JBT AeroTech’s line-up of diesel tow tractors and other Ground Support Equipment (GSE) products that include deicers, cargo loaders, belt loaders, mobile stairs, pre-conditioned air carts, and ground power units.
Market Trend
- Availability of Electric Aircraft Tugs
Market Drivers
- Rising Aircraft Traffic in Developing Countries
- Technological Advancement in Aircraft Instruments
Opportunities
- Rising Demand of Electric Aircraft Tugs Which Reduces the Service Time
- Growth in the Manufacturers to Focus on Investments Associated with Design & Development of Aircraft Tugs
Restraints
- Availability Of Substitutes and Innovation related to New Products
Challenges
- Hige Investment Cost for Construction
Key Target Audience
Aircraft Tugs Manufacturer, Supplier and Distributor, Raw Material Supplier, Aircraft Industry, Government Bodies Such As Regulating Authorities and Policy Makers, Government Agencies and Others