About Luggage Tractor
Luggage tractor used to move bag carts, ground power units, and lav and water serviceing carts. Luggage tractors come in a wide variety of sizes and models, typically ranging from 3,000 to 8,000 LBS drawbar pull (DBP). The larger capacity baggage tugs are also used as pushback tugs for commuter aircraft up to 90,000Lb in weight.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Luggage Tractor is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aeromax GSE Inc. (Canada), DJ Products, Inc. (United States), TLD (France), SOVAM (France), Logicair Group Inc. (United States), Charlatte America (United States), Brookville Equipment Corporation (United States), ATAP, Inc. (United States) and Mark C. Pope Associates (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Harlan (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Luggage Tractor market by Type (Electric-Powered, Diesel-Powered and Gasoline-Powered) and Region.
On the basis of geography, the market of Luggage Tractor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Size, the sub-segment i.e. 3,000 LBS will boost the Luggage Tractor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type, the sub-segment i.e. Diesel will boost the Luggage Tractor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Airplane Travellers
Market Growth Drivers:
Increasing Demand for Airport Transport and Population Preference for Less Expensive Transport
Challenges:
Maintenance and repair cost.
Restraints:
Concerns Related to the Safety Feature of the Baggage Tractors
Opportunities:
Growing Implementation and demand for Luggage tractor
Market Leaders and their expansionary development strategies
In August 2019, Skyway Aviation Handling Company PLC (SAHCO) has acquired a fleet of brand new Baggage tow tractors. The tow tractors which has the capacity to convey up to 40 tonnes of baggage or cargo, is the best of its kind in aviation ground handling equipment in Nigeria.
In April 2020, Velodyne Lidar, Inc. announced the three-year agreement with TLD. TLD uses Velodyne lidar sensors for the production of its TractEasy autonomous electric baggage tractor that allows a substantial increase in productivity, efficiency, and labor savings in the airport and industrial operations.
Key Target Audience
Luggage Tractor Manufacturers, Luggage Tractor Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.