The aircraft hangar market share is expected to increase by USD 1.04 billion from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 3.47%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (fixed installed hangar and portable installed hangar) and geography (APAC, Europe, North America, MEA, and South America).
The aircraft hangar market report also offers information on several market vendors, including AECOM, Alaska Structures, Allied Steel Buildings Inc., ClearSpan Fabric Structures Inc., DIUK ARCHES Ltd., FulFab Inc., JOHN REID and SONS STRUCSTEEL Ltd., Pfeifer Holding GmbH, Rubb Buildings Ltd, and The Korte Co. among others.
AECOM - The company provides professional planning, architectural, engineering, interior design services, and construction management for aircraft hangar construction. The design and consulting services segment offer planning, consulting, architectural, and engineering design services to commercial and government clients.
What will the Aircraft Hangar Market Size be During the Forecast Period?
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Parent Market Analysis
Technavio categorizes the global aircraft hangar market as part of the global aerospace and defense market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aircraft hangar market during the forecast period.
Aircraft Hangar Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The rise in the construction of airports is notably driving the aircraft hangar market growth, although factors such as design and construction-related constraints may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Aircraft Hangar Market Driver
- The rise in the construction of airports is a major factor driving the global aircraft hangar market share growth.
- The economic development in emerging countries such as India, China, and Indonesia is the primary reason for the increase in the number of air passengers. The increase in the number of international tourists has resulted in a surge in investments in new airport constructions and upgrades. Therefore, the growth of tourism would increase the need for the construction of aircraft hangars in airports. Airport authorities across the world are building large hangars to accommodate large aircraft such as Airbus.
- In January 2018, the Airports Authority of India (AAI) allocated a budget of USD 4.8 billion for the enhancement of airports in Northeast India. Such investments are providing significant growth opportunities for the vendors in the global aircraft hangar market.
Key Aircraft Hangar Market Trend
- The growing preference for rental models is another factor supporting the global aircraft hangar market share growth. In order to achieve flexibility and adapt to the prevailing economic conditions, airlines prefer renting aircraft hangars for a time period based on project requirements. This helps in saving the costs of construction and maintenance of aircraft hangars.
- The penetration of aircraft hangar rentals is high in developed countries of Europe and North America. The trend of renting aircraft hangars is rapidly gaining momentum in developing countries as well. The growing number of air passengers and the increase in the procurement of new aircraft in Asia will drive the demand for aircraft hangar rentals during the forecast period.
Key Aircraft Hangar Market Challenge
- The rise in the design and construction-related constraints will be a major challenge for global aircraft hangar market share growth during the forecast period.
- Modern hangars are complicated due to the installation of a large number of advanced technologies, shortened project schedules, and increasing regulatory norms. There are diverse fundamental design and critical construction elements that are crucial for the delivery of hangar projects.
- All these designs- and construction-related challenges directly affect the overall project time and increase the overall cost incurred by airline and airport authorities. Such reasons are expected to limit the growth of the global aircraft hangar market during the forecast period.
This aircraft hangar market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Aircraft Hangar Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the aircraft hangar market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Aircraft Hangar Market?
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38% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for aircraft hangars in APAC. Market growth in this region will be faster than the growth of the market in all other regions.
The increasing number of new aircraft orders and the maintenance opportunities resulting from them will facilitate the aircraft hangar market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing Product Segment in the Aircraft Hangar Market?
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The aircraft hangar market share growth by the fixed installed hangar segment will be significant during the forecast period. The rise in commercial aviation, modernization of aircraft fleets and airports, increasing fleet capacity, and rising procurement of new aircraft are a few of the factors fueling the demand for fixed-installed aircraft hangars.
This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft hangar market size and actionable market insights on the post-COVID-19 impact on each segment.
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Aircraft Hangar Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 3.47% |
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Market growth 2021-2025 |
USD 1.04 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.26 |
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Regional analysis |
APAC, Europe, North America, MEA, and South America |
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Performing market contribution |
APAC at 38% |
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Key countries |
China, US, India, UK, and Brazil |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AECOM, Alaska Structures, Allied Steel Buildings Inc., ClearSpan Fabric Structures Inc., DIUK ARCHES Ltd., FulFab Inc., JOHN REID and SONS STRUCSTEEL Ltd., Pfeifer Holding GmbH, Rubb Buildings Ltd, and The Korte Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Aircraft Hangar Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive aircraft hangar market growth during the next five years
- Precise estimation of the aircraft hangar market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the aircraft hangar industry across APAC, Europe, North America, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of aircraft hangar market vendors
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