Global Airport Tugs Market Size By Product (Conventional/Towbars, Towbarless), By Application (Civil, Military), By Geographic Scope and Forecast

Report ID: 14261|No. of Pages: 202

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Global Airport Tugs Market Size By Product (Conventional/Towbars, Towbarless), By Application (Civil, Military), By Geographic Scope and Forecast

Report ID: 14261|Published Date: Jun 2024|No. of Pages: 202|Base Year for Estimate: 2024|Format:   Report available in PDF formatReport available in Excel Format

Airport Tugs Market Size And Forecast

Airport Tugs Market size was valued at USD 4.74 Billion in 2024 and is projected to reach USD 8.26 Billion by 2031, growing at a CAGR of 7.20% from 2024 to 2031.

The aviation sector is one of the main factors propelling business expansion. Therefore aircraft tugs are essential. There is an increasing need for additional airport ground handling vehicles and equipment as the fleet expands to accommodate the rising passenger volume. Ground handlers are heavily investing in modern tugs to improve their ground operations since aircraft tugs play a crucial role in pushing and towing aircraft in the airport’s hangar, ramp, and terminal sectors. Manufacturers of airplane tugs are strongly emphasizing innovative green technology and eco-friendliness in their products in response to the rising need for pollution control and safety measures in the aviation sector. The Global Airport Tugs Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Airport Tugs Market is estimated to grow at a CAGR of 7.20% & reach US$ 8.26 Bn by the end of 2031

Global Airport Tugs Market Definition

A vehicle that uses an external power to push an airport back from an airport gate is known as an aviation tug. The constructions of these vehicles are designed to move an airplane back and forth, pull an airplane between a hangar and a gate, and drag an airplane for repair. Tractors explicitly designed for this purpose may tow a wide variety of minor to enormous planes. Additionally, the market for self-driving aircraft tugs is anticipated to expand rapidly.

Incorporating innovative immerging technologies in aircraft towing vehicles is anticipated to fuel market expansion throughout the projected period. At numerous airports and aviation locations, electric aircraft tugs that are automatically operated with the support of remote-enabled gadgets are becoming more common. More cutting-edge features from established and up-and-coming enterprises are projected to draw more airline companies and airports, boosting demand and sales for aircraft tugs. Companies worldwide are using this new trend to stay up with the quickly changing business environment.

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Global Airport Tugs Market Overview

The market for aircraft tugs is increasing in many nations because of a rising focus on sustainable solutions, modern technology, and towing tugs with efficient operations. Worldwide demand for electric aircraft tugs is high, which will continue to boost overall aircraft tug sales. Due to their operational effectiveness and timesavings, electric aircraft tugs are growing in popularity throughout regions. With more aviation companies producing aircraft towing tugs, the market is anticipated to expand quickly in a variety of emerging sectors. Government efforts to support the aviation industry have benefited manufacturers of aircraft tugs.

Aircraft tugs play a vital role in the aviation sector. There is an increasing need for additional airport ground handling vehicles and equipment as the fleet expands to accommodate the rising number of passengers. Ground handlers are heavily investing in modern tugs to improve their ground operations since aircraft tugs play a crucial role in pushing and towing aircraft in the airport’s hangar, ramp, and terminal sectors. Moreover, the requirement for a separate tow bar for each plane eliminates the possibility of spontaneous changes.

Additionally helpful are traditional aviation tugs since they provide better operator visibility, more secure control, and airline flexibility. Manufacturers of aeroplane tugs are strongly emphasizing innovative green technology and eco-friendliness in their products in response to the rising need for pollution control and safety measures in the aviation sector. In various nations, the market for aircraft tugs is rising because of an increased focus on environmentally friendly solutions, cutting-edge technology, and towing tugs with efficient operations.

It is anticipated that the popularity of electric aircraft tugs will increase globally, increasing sales of aircraft tugs as a whole. Electric aeroplane tugs are becoming increasingly common worldwide due to their operational effectiveness and timesaving’s. The market for aeroplane towing tugs is predicted to expand quickly in some developing nations due to increased aviation industry suppliers. Additionally, makers of aircraft tugs have benefited from the government’s emphasis on expanding the aviation industry.

Global Airport Tugs Market Segmentation Analysis

The Global Airport Tugs Market is Segmented on the basis of Product, Application, and Geography.

Airport Tugs Market Segmentation Analysis

Airport Tugs Market, By Product

  • Conventional/Towbars
  • Towbarless

Based on the Product, the market is bifurcated into Conventional/Towbars and Towbarless. The Towbarless tugs segment accounted for the largest market share in 2022 and is projected to grow at a significant CAGR during the forecast period. Towbarless tugs are significant in income as airline companies and airports develop faster. The need for effective electric towbarless tugs with remote control technology is also rising, offering end users better operational performance and efficiency.

Airport Tugs Market, By Application

  • Civil
  • Military

Based on Application, the Global Airport Tugs Market has been segmented Civil and Military. The Military segment accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. Military aviation facilities have made considerable use of tugs to move helicopters and planes between ports.  The sector is expected to develop in the following years due to increasing investment, OEM aircraft tug manufacturer’s growth, and significant usage of aircraft tugs at both civilian and military airbases.

Airport Tugs Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Based on regional analysis, the Global Airport Tugs Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific  accounted for the largest market share and is projected to grow at a significant CAGR during the forecast period. A rapidly expanding market for aircraft tugs in Asia-Pacific includes China, Japan, and South Korea. India has been strongly incorporating contemporary digital technology in manufacturing as it broadens the scope of its activities. In addition Increased sales of aircraft tugs and recent developments by industry participants in new dimensions and designs with added features, and a forecasted significant increase in demand for the product.

Key Players

The “Global Airport Tugs Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are MULAG, DJ Products (Lindbergh Aircraft Tug), Mototok International, Flyer-Truck, Goldhofer, NMC-Wollard, TowFLEXX, Textron GSE, Tronair, JBT Corporation, Trepel Airport Equipment, TLD Group, LEKTRO, Airtug LLC, Kalmar Motor.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

Airport Tugs Market Key Developments And Mergers

  • In November 2021, Rushlift GSE and Menzies Aviation have agreed to a six-year worldwide framework agreement to supply ground support equipment for the cargo handling business. A fleet of pushback tugs and HI loaders from Trepel, mobile conveyor belts, electric baggage and pushback tugs from TLD, and trailers from a UK company TBD are all included in the agreement.
  • In January 2021, the latest update to Munich Airport’s ground handling equipment was a new electric-powered tug that can pull wide-body aircraft and travel at 32 km/h. The tug is outfitted with the most recent 700V lithium-ion battery technology and may be utilized for airplane towing and de-icing at the Munich Airport.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Ace Matrix Analysis of Airport Tugs Market

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Airport Tugs Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Geographical Representation of Airport Tugs Market

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Airport Tugs Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Porter\'s Five Forces Framework of Airport Tugs Market

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

MULAG, DJ Products (Lindbergh Aircraft Tug), Mototok International, Flyer-Truck, Goldhofer, NMC-Wollard, TowFLEXX, Textron GSE.

SEGMENTS COVERED
  • By Product
  • By Application
  • By Geography
CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Verified Market Research:

Research Methodology VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Airport Tugs Market was valued at USD 4.74 Billion in 2024 and is projected to reach USD 8.26 Billion by 2031, growing at a CAGR of 7.20% from 2024 to 2031.

The aviation sector is one of the main factors propelling business expansion. Therefore aircraft tugs are essential. There is an increasing need for additional airport ground handling vehicles and equipment as the fleet expands to accommodate the rising passenger volume.

The Major players MULAG, DJ Products (Lindbergh Aircraft Tug), Mototok International, Flyer-Truck, Goldhofer, NMC-Wollard, TowFLEXX, Textron GSE.

The Global Airport Tugs Market is Segmented on the basis of Product, Application, and Geography.

The sample report for Airport Tugs Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1 INTRODUCTION OF THE GLOBAL AIRPORT TUGS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL AIRPORT TUGS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porter’s Five Force Model
4.4 Value Chain Analysis

5 GLOBAL AIRPORT TUGS MARKET, BY PRODUCT
5.1 Overview
5.2 Conventional/Towbars
5.3 Towbarless

6 GLOBAL AIRPORT TUGS MARKET, BY APPLICATION
6.1 Overview
6.2 Civil
6.3 Military

7 GLOBAL AIRPORT TUGS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 The U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 The U.K.
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Latin America
7.5.1 Brazil
7.5.2 Argentina
7.5.3 Rest of LATAM
7.6 Middle East and Africa
7.6.1 UAE
7.6.2 Saudi Arabia
7.6.3 South Africa
7.6.4 Rest of the Middle East and Africa

8 GLOBAL AIRPORT TUGS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies

9 COMPANY PROFILES

9.1 Textron GSE
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments

9.2 Tronair
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments

9.3 JBT Corporation
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments

9.4 Trepel Airport Equipment
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments

9.5 TLD Group
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments

9.6 LEKTRO
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Development

9.7 Airtug LLC
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments

9.8 Kalmar Motor
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Development

9.9 Mototok International
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Development

9.10 Flyer-Truck
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Development

10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations

11 Appendix
11.1 Related Research

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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