Global sales of aircraft pushback tugs are slated to rise at a steady CAGR of 5.4% during the forecast period between 2022 and 2032, totaling around USD 6.5 Billion by 2032. Growth in the global aircraft pushback tugs market is driven by rapid expansion of aviation industry worldwide.
| Report Attribute | Details |
|---|---|
| Aircraft Pushback Tugs Market Projected Growth Rate (2022 to 2032) | 5.4% CAGR |
| Aircraft Pushback Tugs Market Projected Size (2032) | USD 6.5 Billion |
Aircraft pushback tugs are special vehicles or ground support equipment used for pushing towing aircraft on ground. These ground support vehicles play a key role in proper airport management. They are extensively used for maneuvering aircraft between different locations at airports.
Over the years, demand for aircraft pushback tugs has risen at a substantial pace and the trend is likely to continue during the forecast period, owing to the rise in the number of air passengers and rapid expansion of aviation infrastructure across both developed and developing regions.
Similarly, growing popularity of new technologies such as remotely operated aircraft pushback tugs is expected to boost the growth of the global aircraft pushback tugs market during the forthcoming years. These remotely operated aircraft pushback tugs allow for safe and efficient management of airports.
There are generally two types of aircraft pushback tugs available in the market i.e., conventional pushback tugs and towbarless pushback tugs. Conventional tugs use a towbar for pushing and towing procedures while towbarless tugs connect to aircraft by scooping up the nose wheel and lifting it from the ground.
Currently conventional pushback tugs hold the largest share of the global aircraft pushback tugs market. However, sales of towbarless pushback tugs are expected to outpace the conventional ones during the forecast period, owing to their better control, higher speed, and safe nature.
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The robust expansion of aircraft pushback tugs market is attributable to the rapid surge in air passenger traffic, increasing investments in developing and expanding aviation infrastructure, and technological innovations in aircraft pushback tugs.
Aircraft pushback tugs have become highly sought-after ground support equipment used for moving aircraft between different locations within airports. They are being increasingly employed by aviation companies to meet ground handling challenges at airports.
Robust increase in air passenger numbers due to rising disposable income and growing need for a safer and comfortable way of travelling is providing a strong thrust to the growth of aircraft pushback tugs market.
According to the International Air Transport Association (IATA), globally overall air travelers are expected to reach 4.0 billion in 2024. This will create lucrative opportunities for the aircraft pushback tugs manufacturers during the forecast period.
Similarly, increasing investments by government for developing new airports will create a conducive environment for the growth of aircraft pushback tugs market during the forthcoming years. As the preference for air travel continues to rise, various governments are focusing on developing new airports as well as upgrading older ones. For instance, in 2021, the Indian government launched the country's biggest international airport project at Jewar (Uttar Pradesh).
Another factor stimulating the growth of aircraft pushback tugs market is the availability of remotely controlled aircraft pushback tugs.
Despite its optimistic stance, the global aircraft pushback tugs market is facing various challenges that are limiting its growth to some extent. Some of these factors include safety issues related to pushback tugs, high investment requirements, and lack of adequate aviation infrastructure across low emerging economies.
Many low economic regions of the world, especially African countries lack proper aviation facilities. These countries rely mostly on road and water transport. As a result, there is very little demand for aircraft pushback tugs across these regions.
Asia Pacific is expected to emerge as the most lucrative market for aircraft pushback tugs during the forecast period between 2022 and 2032, owing to the rapidly expanding aviation industry in countries like India, Japan, and China, large presence of aircraft pushback tug manufacturers, and growing presence for air travel.
China is gradually becoming a global leader in aircraft pushback tugs market. The country has a well-established aviation industry. Factors such as rising sales of aircrafts, availability of rental aircraft pushback tugs and increase in the warehouse operations at airports are driving the growth in China.
As per FMI, North America is projected to hold a significant share of the global aircraft pushback tugs market during the forecast period, owing to the increasing air passenger traffic, rising government support, and strong presence of leading aircraft ground support equipment manufacturers.
Demand for aircraft pushback tugs is particularly rising across countries like the USA, Canada, and Mexico due to flourishing tourism industry, surge in number of airports, growing consumer preference for air travel, and favorable government support. According to WorldAtlas, the USA has the highest number of recognized airports (13,513) in the world.
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Some of the key participants present in the global aircraft pushback tugs market include TUG Technologies Corporation, Aero Specialties, Inc., NMC-Wollard, Inc., Goldhofer Airport Technology GmbH, Eagle Tugs, Mototok International GmbH, Lektro Inc., Charlatte of America Inc., Victory Ground Support Equipment, Nepean Engineering & Innovation Pty Ltd., and TLD among others.
These market players are continuously expanding their product portfolios by adding new energy efficient and eco-friendly aircraft pushing tugs. Further, they are partnering and collaborating with aviation companies to increase their sales.
Companies like Mototok International GmbH and Goldhofer Airport Technology GmbH have become global leaders in aircraft pushback tugs. These companies have completely shifted their preference towards manufacturing electric pushing.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.4% from 2022 to 2032 |
| Projected Market Value (2032) | USD 6.5 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Power Source, Mode of Operation, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | TUG Technologies Corporation; Aero Specialties, Inc.; NMC-Wollard, Inc.; Goldhofer Airport Technology GmbH; Eagle Tugs; Mototok International GmbH; Lektro Inc.; Charlatte of America Inc.; Victory Ground Support Equipment; Tronair, Inc.; Nepean Engineering & Innovation Pty Ltd.; TLD |
| Customization | Available Upon Request |
As per FMI, the global aircraft pushback tugs market is expected to grow at around 5.4% CAGR during the forecast period.
Asia Pacific is anticipated to generate lucrative growth opportunities for aircraft pushback tugs manufacturers during the forecast period.
TUG Technologies Corporation, Aero Specialties, Inc., NMC-Wollard, Inc., Goldhofer Airport Technology GmbH, Eagle Tugs, Mototok International GmbH, Charlatte of America Inc., and Victory Ground Support Equipment are some prominent aircraft pushback tugs manufacturers
| Estimated Value (2024) | USD 34,859.5 million |
|---|---|
| Projected Size (2034) | USD 48,636.3 million |
| Value-based CAGR (2024 to 2034) | 3.4% |
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