Aircraft Tugs Market Overview:
The Aircraft Tugs market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses’ competitive impact on the Aircraft Tugs market.
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Global 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:
This Aircraft Tugs market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, categorical market growth, application niches, and dominance, product approvals, product launches, and geographic expansion.
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.
Additionally, each type of plane needs its own tow bar, which eliminates the chance of impromptu manoeuvres. The fact that conventional aeroplane tugs offer improved operator visibility, more secure control, and flexibility in terms of airline application makes them advantageous as well.
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: The key players 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:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technological trends, porter’s five forces analysis, and case studies are only a few of the indicators used to forecast the market situation for various countries’ growth.
COVID-19 Impact Analysis on Aircraft Tugs Market:
The report also discusses how COVID-19 impacted the Aircraft Tugs market.
Key Questions Answered in the Aircraft Tugs Market Report are:
- Which segment had the largest share in the Aircraft Tugs market?
- How is the competitive landscape of the Aircraft Tugs market?
- Which are the key factors impacting the Aircraft Tugs market growth?
- Which region has the maximum share in the Aircraft Tugs market?
- What will be the CAGR of the Aircraft Tugs market during the forecast period (2021-2027)?
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