Aircraft Pushback Tugs Market Size will reach a value of US$ 6.5 Billion by 2032

The global aircraft pushback tugs market size is projected to reach a value of US$ 6.5 Billion by 2032, with sales growing at a reasonable CAGR of 5.4% from the forecast period of 2022 to 2032. The progress and advances witnessed by the global aviation industry will likely fuel the growth of the aircraft pushback tugs market during the forecast period.

Aircraft pushback tugs are essential equipment used in the aviation industry for moving aircraft from gates or parking stands to taxiways or runways. These tugs are designed to push or pull aircraft safely and efficiently, ensuring that they are in the correct position for takeoff or landing.

In terms of growth in the future, it is expected that the demand for aircraft pushback tugs will continue to increase in line with the growth of the aviation industry.

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The growth of the aviation industry, particularly in developing countries, is a major factor driving the demand for aircraft pushback tugs. With the increasing number of airports and airlines, there is a growing need for efficient and reliable ground support equipment, including pushback tugs, to ensure smooth and timely aircraft movement.

Moreover, the development of advanced technologies such as electric and hybrid pushback tugs is expected to fuel the growth of the market. These technologies offer several advantages over traditional diesel-powered tugs, such as reduced emissions, lower maintenance costs, and quieter operations, making them more environmentally friendly and cost-effective.

As per the International Air Transport Association (IATA), internationally, total air travelers are likely to reach 4.0 billion in 2024. This will likely generate profitable opportunities for the aircraft pushback tugs manufacturers during the assessment period.

Likewise, surging investments by governments across the world for the development of new airports will foster an environment of growth for aircraft pushback tugs market during the next few years. Due to the growing preference for air travel, different governments are concentrating on not only developing new airports but also upgrading the older ones. Again, the availability of remotely controlled aircraft pushback tugs also creates lucrative opportunities for the target market during the forecast period.

“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.  

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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.

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.

Key Segments Profiled in the Aircraft pushback tugs Industry Survey
By Product Type:

  • Conventional Pushback Tugs
  • Towbarless Pushback Tugs

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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

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.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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