Aircraft Tugs Market Insights, Forecast to 2031Posted by Divakar on April 23rd, 2021 Growing availability of aircraft tugs and their accessories in the aviation space, rising consumer preference for air travel, increasing focus on expansion of fleet size, especially in Asia Pacific, and rising number of manufacturing facilities, distributors, and suppliers in emerging countries are driving demand for aircraft tugs. Aircraft pushback tugs, which serve as towing equipment, are also expected to contribute to market growth. Due to the COVID-19 outbreak, global sales of aircraft tugs declined in 2020 because of a slowdown in the aviation industry. However, the market is getting back on its feet gradually with things opening up. Electric aircraft tugs are more reliable and easy to handle, leading to increased demand for them across regions. Growing concerns regarding emissions have shifted the focus towards the use of electric-powered ground vehicles. Improvements in battery technology, ranging from low-density lead-acid batteries to high-flux lithium ion batteries with SiC films, have led to the aviation industry’s gradual shift to electric ground support equipment such as electric towbarless tugs. As per Fact.MR’s analysis, the global aircraft tugs market is expected to expand steadily at a CAGR of over 4% from 2021 to 2031. To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=2366 Key Takeaways from Market Study
For critical insights on this market, request for Methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2366 “Rising demand for electric aircraft tugs will have a positive impact on market growth over the coming years,’’ says a Fact.MR analyst. Targeted Acquisitions and Mergers by Key Players Key players such as Textron GSE and JBT Corporation are hinging their growth strategies on enhancing connectivity with a wide market outreach through targeted acquisitions so as to capture substantial market presence.
About Fact.MR Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner. Contact: Corporate Headquarter: Like it? Share it!More by this author |