Market Overview:
The global aircraft tow tugs market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018-2030), according to a new study by Persistence Market Research. The global aircraft tow tugs market is segmented on the basis of type, application and region. On the basis of type, the global aircraft tow tugs market is segmented into towbarless tractors and conventional tractors. Towbarless tractors are expected to account for a larger share in terms of value as compared to conventional tractors during the forecast period owing to their high efficiency levels and low maintenance requirements.
Product Definition:
An aircraft tow tug is a vehicle used to move airplanes around airports. They are important because they allow planes to be moved without the need for a runway.
Towbarless Tractors:
Towbarless tractors are a group of specialized farm equipment that is designed to assist farmers in agricultural operations. The term towbarless can be used interchangeably with self-propelled or motorized. These tools are equipped with implements such as cultivators, plows, harrows and others which make them ideal for farming activities.
The global towbarless tractors market size was valued at USD 1,64,000 thousand in 2016.
Conventional Tractors:
Conventional tractors are the most basic type of tow vehicles. They are used to pull other vehicles or aircraft in case of emergencies and for maintenance operations. Conventional tractors can be utilized by any company that requires a tow vehicle with low operating costs, simple operation, and minimal maintenance requirements.
The global conventional tractors.
Application Insights:
The civil aviation segment dominated the global aircraft tow tug market in 2017 and is expected to witness significant growth over the forecast period. The growing demand for air travel owing to rising disposable income levels, coupled with increasing investments by governments in developing airports, is anticipated to drive the segment growth. Furthermore, a rise in air passenger traffic has led to an increase in aircraft operations which has further driven demand for tow tugs at airports.
Military applications are expected to witness steady growth over the forecast period as these products are widely used by armed forces around the world. Governments across countries use military aircraft for various purposes including transportation of dignitaries, supplies and troops etc., which boosts product demand from military application segments globally. Moreover, countries such as India have been focusing on enhancing their armed forces¢â‚¬â„¢ capabilities particularly their aerial fleet thereby driving product demand from this region globally over the projected period of time.
Regional Analysis:
North America dominated the global aircraft tow tug market in 2016 with a revenue share of over 40%. The region is expected to continue its dominance over the forecast period. This growth can be attributed to increasing air travel and military operations across North America. In addition, growing trade activities between Asia Pacific and North America are anticipated to fuel product demand in this region.
The U.S Air Force has been using tractors for more than 50 years for moving aircraft from one place to another as well as performing maintenance tasks such as refueling, re-fuelling, cleaning etc., thereby driving the overall industry growth in this region. Furthermore, rising investments by manufacturers such as Caterpillar Inc.; Kubota Corporation; John Deere & Company; and Case IHractor Diesel are expected to drive demand further over the next eight years or so.
Asia Pacific is estimated to witness significant growth during the forecast period owing high aviation activity across countries such China.
Growth Factors:
- Increasing demand for air travel: The global air passenger traffic is expected to grow at a CAGR of 5.4% from 2016 to 2036, according to the International Air Transport Association (IATA). This will result in the need for more aircraft tow tugs as well.
- Proliferation of low-cost carriers: The growth of low-cost carriers (LCCs) is another major driver for the aircraft tow tug market. LCCs are expanding rapidly and are increasingly becoming popular among passengers due to their affordable fares. This is resulting in an increase in the number of aircraft being operated by these airlines, which in turn is fueling demand for aircraft tow tugs.
- Stringent safety regulations: Stringent safety regulations governing the aviation industry are leading airlines and airport operators to increasingly rely on ground support equipment such as aircraft tow tugs for safe operations. This is driving demand for these vehicles globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Tow Tugs Market Research Report
By Type
Towbarless Tractors, Conventional Tractors
By Application
Military, Civil Aviation
By Companies
Eagle Tugs, Entwistle Co., ATA Modena Trattori per Traino, Beijing Golden Wheel Special Machine Co. Ltd., BelAZ, JBT AeroTech, Kalmar Motor AB, Camel Aerotech Co., Ltd., Charlatte Manutention, Douglas Equipment Ltd., BEML
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Tow Tugs Market Report Segments:
The global Aircraft Tow Tugs market is segmented on the basis of:
Types
Towbarless Tractors, Conventional Tractors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Civil Aviation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eagle Tugs
- Entwistle Co.
- ATA Modena Trattori per Traino
- Beijing Golden Wheel Special Machine Co. Ltd.
- BelAZ
- JBT AeroTech
- Kalmar Motor AB
- Camel Aerotech Co., Ltd.
- Charlatte Manutention
- Douglas Equipment Ltd.
- BEML
Highlights of The Aircraft Tow Tugs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Towbarless Tractors
- Conventional Tractors
- By Application:
- Military
- Civil Aviation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aircraft Tow Tugs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aircraft tow tugs are used to move aircraft by towing them along a designated route.
Some of the major players in the aircraft tow tugs market are Eagle Tugs, Entwistle Co., ATA Modena Trattori per Traino, Beijing Golden Wheel Special Machine Co. Ltd., BelAZ, JBT AeroTech, Kalmar Motor AB, Camel Aerotech Co., Ltd., Charlatte Manutention, Douglas Equipment Ltd., BEML.
The aircraft tow tugs market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Tow Tugs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aircraft Tow Tugs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Tow Tugs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aircraft Tow Tugs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aircraft Tow Tugs Market Size & Forecast, 2020-2028
4.5.1 Aircraft Tow Tugs Market Size and Y-o-Y Growth
4.5.2 Aircraft Tow Tugs Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Towbarless Tractors
5.2.2 Conventional Tractors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Military
6.2.2 Civil Aviation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Tow Tugs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aircraft Tow Tugs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Towbarless Tractors
9.6.2 Conventional Tractors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Military
9.10.2 Civil Aviation
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Towbarless Tractors
10.6.2 Conventional Tractors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Military
10.10.2 Civil Aviation
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Towbarless Tractors
11.6.2 Conventional Tractors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Military
11.10.2 Civil Aviation
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Towbarless Tractors
12.6.2 Conventional Tractors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Military
12.10.2 Civil Aviation
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Towbarless Tractors
13.6.2 Conventional Tractors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Military
13.10.2 Civil Aviation
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aircraft Tow Tugs Market: Competitive Dashboard
14.2 Global Aircraft Tow Tugs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eagle Tugs
14.3.2 Entwistle Co.
14.3.3 ATA Modena Trattori per Traino
14.3.4 Beijing Golden Wheel Special Machine Co. Ltd.
14.3.5 BelAZ
14.3.6 JBT AeroTech
14.3.7 Kalmar Motor AB
14.3.8 Camel Aerotech Co., Ltd.
14.3.9 Charlatte Manutention
14.3.10 Douglas Equipment Ltd.
14.3.11 BEML
