The global aircraft pushback tugs market is projected to reach a value of USD 6.5 billion by 2032, growing at a steady CAGR of 5.4% from 2022 to 2032. This growth is driven by the advancements and expansion in the global aviation industry, which are expected to significantly boost the demand for aircraft pushback tugs during the forecast period.
Aircraft pushback tugs are specialized vehicles used to push or tow aircraft on the ground, playing a critical role in efficient airport management. These vehicles are essential for moving aircraft between various locations within an airport, ensuring smooth ground operations.
The market’s growth is largely attributed to the rapid increase in air passenger traffic, substantial investments in aviation infrastructure development, and technological innovations in aircraft pushback tugs. As aviation enterprises face increasing ground handling challenges, the demand for these vehicles is rising.
Unlock growth potential with industry expertise. Request our market sample report:
The aviation industry has seen a surge in air passenger numbers due to rising disposable incomes and a growing preference for safer and more comfortable travel. These factors are fueling the expansion of the aircraft pushback tugs market.
According to the International Air Transport Association (IATA), global air travelers are expected to reach 4.0 billion by 2024, creating lucrative opportunities for aircraft pushback tug manufacturers during this period.
Additionally, increasing government investments in new airport development and the upgrading of existing ones will further drive market growth. The rising preference for air travel has prompted governments worldwide to focus on enhancing airport infrastructure. The introduction of remotely controlled aircraft pushback tugs also presents new growth opportunities for the market in the coming years.
Key Takeaways:
- Increasing government support from all over the world will improve market prospects.
- Safety concerns and dearth of adequate aviation infrastructure in developing countries will stunt market growth.
- The Asia Pacific region will emerge as the most profitable market for aircraft pushback tugs.
- North America’ aircraft pushback tugs market will account for major share of the global market.
“Incline in air passenger traffic in recent years along with the expanding aviation industry will augment the sales of the global aircraft pushback tugs market over the forecast period,” – says an FMI analyst.
Competitive Landscape
TUG Technologies Corporation, Aero Specialties, Inc., NMC-Wollard, Inc., Goldhofer Airport Technology GmbH, Eagle Tugs, Mototok International GmbH, Lektro Inc., Charlatte of America Inc., Victory Ground Support Equipment, Nepean Engineering & Innovation Pty Ltd., and TLD among others are some of the major players in the aircraft pushback tugs market profiled in the full version of the report.
Leading market players are keen on expanding their product portfolios by incorporating innovative, energy efficient and eco-friendly aircraft pushing tugs into their product line. These firms employ strategic partnerships and collaborations to improve their sales in the global market.
More Insights into Aircraft Pushback Tugs Market Report
In its latest report, FMI offers an unbiased analysis of the global aircraft pushback tugs market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (conventional pushback tugs, towbarless pushback tugs), power source (electric, fuel), mode of operation (manually operated, remotely operated), and region.
According to the latest FMI reports, based on region, the aircraft pushback tugs market in the Asia Pacific region will exhibit impressive growth over the projected period. The target market in this region will be offered several lucrative opportunities during 2022-2032. The advancing aviation industry in countries like China, India, and Japan as well as the strong presence of major market participants will drive the growth of the aircraft pushback tugs market in this region. Surging aircraft sales, availability of rent option for aircraft pushback tugs, and a growth in warehouse operations at airports is aiding the target market growth in China which, in turn, positively influences Asia Pacific’s aircraft pushback tugs market.
The aircraft pushback tugs market in North America will also present substantial growth during 2022-2032. The regional market will hold a major portion of the global market shares. This growth can be attributed to the rise in air passenger traffic, increasing government support and strong presence of key aircraft ground support equipment manufacturers. Thus, Asia Pacific and North America will present strong growth in the aircraft pushback tugs market during the forecast period.
Contact Our Sales Team Now to Discuss How You Can Acquire This Report and Gain Valuable Insights for Your Business.
Key Segments Profiled in the Aircraft pushback tugs Industry Survey
By Product Type:
- Conventional Pushback Tugs
- Towbarless Pushback Tugs
By Power Source:
- Electric
- Fuel
By Mode of Operation:
- Manually Operated
- Remotely Operated
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube