Aircraft Tugs Market Overview:
The purpose of this research is to provide a detailed analysis of the Aircraft Tugs market by segment and geography. The report goes into great detail about the primary factors influencing the Aircraft Tugs market's growth. The research also includes a comprehensive assessment of the market's value chain.
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Aircraft Tugs Market was valued at US$ 3935.51 Mn. in 2020 and is expected to reach US$ 6788.61 Mn. by 2027, at a CAGR of 8.1%.
Market Scope:
To get the final quantitative and qualitative data, all possible components influencing the markets covered by this research study were studied, thoroughly researched, validated by primary research, and evaluated. Market size is predicted for top-level markets and sub-segments, and the influence of inflation, economic downturns, regulatory and policy changes, and other variables is taken into account when estimating market size. This data is collated and presented in this study, together with comprehensive contributions and analysis from companies.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
Drivers:
Aircraft tugs are crucial to the aviation industry. The need for cutting-edge ground handling vehicles and equipment at airports is rising as the fleet size enlarges to accommodate the rising passenger volume. As aircraft tugs are essential for pushing and towing aircraft in the hangar, ramp, and terminal sectors of the airport, ground handlers are making significant investments in modern tugs to enhance their ground operations.
Segmentation:
With a greater focus on electric vehicles because of their significantly less harmful impact on the environment, replacing diesel tugs with electric tugs is advantageous from an economic and environmental standpoint. Airbus recently received an electric aircraft tug from LEKTRO Inc. at their German manufacturing facility. The second-largest pushback product from the American company, the tug is an LEKTRO type AP8950SDB-AL-200 and can handle all single-aisle Airbus aircraft up to and including the A321 Neo. To develop a new interior layout for the tug, LEKTRO worked with Walter Mauser GmbH of Breitenau am Steinfelde, Austria, and Oliver Voss, Manager for Flight line/Delivery Maintenance Support at Airbus in Hamburg.
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Key Players:
Market leaders are identified through primary and secondary research, and market revenue is calculated by primary and secondary research. Primary research included in-depth interviews with important thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing managers, while secondary research included an analysis of the top manufacturers' quarterly and financial performance. Secondary data is used to establish worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then cross-checked against primary data.
The major players covered in the Aircraft Tugs market report are
• Textron GSE
• JBT Corporation
• TREPEL Aircraft Equipment GmbH
• TLD Group SAS
• Kalmar Motor AB
• Mulag Fahrzeugwerk Heinz Wössner GmbH u. Co. KG
• Tronair Inc.
• Mototok International GmbH
• Airtug LLC
• Goldhofer AG
• Tinka Resources Limited (TLD)
• John Bean Technologies Corp
• LEKTRO, Inc.
• GOLDHOFER
• Fresia SPA
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Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Aircraft Tugs Market:
The COVID-19 pandemic has impacted industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Aircraft Tugs market as a whole, as well as the growth rate in 2019-2020, as the impact of COVID-19 has spread. Our most recent questions, views, and market information are vital to the Aircraft Tugs industry's firms and associations.
Key Questions Answered in the Aircraft Tugs Market Report are:
- Which segment grabbed the largest share in the Aircraft Tugs market?
- What was the competitive scenario of the Aircraft Tugs market in 2021?
- Which are the key factors responsible for the Aircraft Tugs market growth?
- Which region held the maximum share in the Aircraft Tugs market in 2021?
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