Aircraft Towbar Market is segmented by Type (Conventional, Electric Twobars Towbar), By Application (Civil & Commercial, Military & Defense) by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Aircraft Towbar Market size was estimated at $39 Million in 2020 and is expected to reach $48 Million by 2027, growing at a CAGR of 3% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
The Aircraft Owners and Pilots Association (AOPA) defines aircraft towbar as a GSE tool that hooks or clamps onto nosewheel of tricycle-gear airplane.
Conventional tugs use a tow bar to connect the tug to the nose landing gear of the aircraft. The tow bar is fixed laterally at the nose landing gear, but may move slightly vertically for height adjustment. At the end that attaches to the tug, the tow bar may pivot freely laterally and vertically. In this manner the tow bar acts as a large lever to rotate the nose landing gear. Each aircraft type has a unique tow fitting so the towbar also acts as an adapter between the standard-sized tow pin on the tug and the type-specific fitting on the aircrafts landing gear. The tow bar must be long enough to place the tug far away enough to avoid hitting the aircraft and to provide sufficient leverage to facilitate turns. On heavy tow bars for large aircraft the towbar rides on its own wheels when not connected to the aircraft. The wheels are attached to a hydraulic jacking mechanism which can lift the towbar to the correct height to mate to both the airplane and the tug, and once this is accomplished the same mechanism is used in reverse to raise the tow bar wheels from the ground during the pushback process.
Aircraft Towbar Market Growth and Trends
There has been a continuous growth in the number of low-cost carriers which is a key contributing factor to the aircraft towbar market. The rapid increase in the population has increased the number of air passengers rising the demand for flight increasing the aircraft towbars market growth. An increase in the tourism and travel industry has exhibited an increase in domestic travel increasing the aircraft towbars market demand. The low-cost carriers incur fewer charges in comparison to the others and this plays a pivotal role in its increased demand contributing to the surge in the aircraft towbar market trend.
The technological advancements in the aircraft towbars are all said to accelerate the increase in the market revenue. Moreover, the developments in battery technology and the sharp reductions in the cost of batteries has boosted the aircraft towbar market demand. Also, the increasing shift towards electric vehicles has increased the usage of electric aircraft towbars resulting in the high market trend. Electric tow-bars are extensively utilized in airport support vehicles and other ground support vehicles. The increase in electric tow-bar is rising, due to the increase in the demand for vehicles with automatic components and this is a major contributing factor to the increase in the demand. Aircraft towbars provide high reliability and ease of handling thus resulting in its high market demand and growth.
The limitations to the aircraft towbar market growth would be the high cost and longer installation time along with the risk of causing accidents.
Aircraft Towbar Industry Regional Analysis
Towbars have the highest demand in the USA, China, UAE, and Germany. The high market is attributable to the rising numbers of aircrafts in these markets due to their above-average military and defense aircrafts operations. The market has promising potential in Japan, UK, Ireland and Turkey thanks to population increase in these countries, which has precipitated more air travels. Studies show that air travel is on the verge of an unprecedented uptake, which means that aircraft towbars’ demand will most likely skyrocket in coming years. The key players at the center of the growing market include Witter Towbar Systems-UK, Brackett Aircraft Company Inc.-USA and Westphalia Automotive Company-Germany.
Aircraft Towbar Market Share and Competition
Key companies operating in this industry are: Тrоnаіr, Аеrо Ѕресіаlіtіеѕ, Вrасkеtt Аіrсrаft, АGЅЕ, К&М Аіrроrttесhnіk, Dеdіеnnе Аеrоѕрасе, Тесhmаn-Неаd Grоuр, Lаngа Іnduѕtrіаl, Техtrоn GЅЕ, Маkrо Аеrо
Aircraft Towbar Market Research Report Analysis Highlights
● Historical data available (as per request)
● Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
● Data breakdown for every market segment (2020 – 2027)
● Gross margin and profitability analysis of companies
● Price analysis of each product type
● Business trend and expansion analysis
● Import and export analysis
● Competition analysis/market share
● Supply chain analysis
● Client list and case studies
● Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
● Conventional Towbars
● Electric Towbars
Application Analysis (Revenue, USD Million, 2020 - 2027)
● Civil & Commercial
● Military & Defense
Region Analysis (Revenue, USD Million, 2020 - 2027)
● United States
● United Kingdom
● South Korea
● Middle East
● Rest of World
Aircraft Towbar Industry Companies
● Аеrо Ѕресіаlіtіеѕ
● Вrасkеtt Аіrсrаft
● К&М Аіrроrttесhnіk
● Dеdіеnnе Аеrоѕрасе
● Тесhmаn-Неаd Grоuр
● Lаngа Іnduѕtrіаl
● Техtrоn GЅЕ
● Маkrо Аеrо
Available Versions: -
United States Aircraft Towbar Market Research Report
Europe Aircraft Towbar Market Research Report
Asia Pacific Aircraft Towbar Market Research Report
India Aircraft Towbar Market Research Report
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