Global Aircraft Towbars Market 2019-2023

Global Aircraft Towbars Market 2019-2023

About Aircraft Towbars

Aircraft towbars are often used for tugging or towing aircrafts at airports. They comprise both conventional and electric aircraft towbars.

Technavio’s analysts forecast the global aircraft towbars market to grow at a CAGR of 2.50% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global aircraft towbars market for 2019-2023. To calculate the market size, the report considers the revenue generated from the sales of electric and conventional towbars sold across different geographies.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Technavio's report, Global Aircraft Towbars Market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Brackett Aircraft Company
• HYDRO SYSTEMS
• K&M Airporttechnik
• Techman-Head Group
• Tronair

Market driver

• Rise in demand from developing countries
• For a full, detailed list, view our report

Market challenge

• Safety issues related with towbars
• For a full, detailed list, view our report

Market trend

• Expansion of new aircraft production facilities
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Aircraft Towbars Market 2019-2023

Technavio recognizes the following companies as the key players in the global aircraft towbars market: Brackett Aircraft Company, HYDRO SYSTEMS, K&M Airporttechnik, Techman-Head Group, Tronair.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing demand for electric aircraft towbars. With the increasing environmental concerns, there has been a shift to electric towbars from conventional towbars.”

According to the report, one of the major drivers for this market is the rise in demand from developing countries. To address the rising air traffic and enable seamless travel for people, governments in developing countries are planning to build new airports, in turn, creating the demand for more aircrafts further propelling the demand for aircraft towbars.

Further, the report states that one of the major factors hindering the growth of this market is the increasing threat from substitutes. For instance, the tug-less towbar is one of the major substitutes of aircraft towbars as it helps in picking up the wheel of the aircraft hydraulically.

Companies Mentioned

Brackett Aircraft Company
HYDRO SYSTEMS
K&M Airporttechnik
Techman-Head Group
Tronair