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Global Aircraft Hangar Market – Industry Trends and Forecast to 2030

  • Automotive
  • Published Report
  • Aug 2023
  • Global
  • 350 Pages
  • No of Tables: 31
  • No of Figures: 56

Global aircraft hangar market, By Type (Maintenance, Repair, and Overhaul (MRO), Assembly, and Storage), Construction (Fixed and Portable), Aircraft (Wide Body, Narrow Body, Jets, Helicopters, and Others), Component (Aircraft Hangar Canopy, Aircraft Hangar Doors, Aircraft Hangar Ventilation, Aircraft Hangar Lighting , Aircraft Hangar Flooring, and Others), Platform (Commercial, Military, and Others), Material (Steel, Concrete, Fabric, and Others) - Industry Trends and Forecast to 2030.

Aircraft Hangar Market

Aircraft Hangar Market Analysis and Insights

The global aircraft hangar market is fragmented in nature, as it consists of many global players and regional players as well. The presence of these companies produces competitive aircraft hangar solutions, technological development and services with various different features and characteristics at a competitive price. Due to the presence of these players at regional and international levels, suppliers and manufacturers offer products and services for different budgets. The increase in defense budgets across the globe and growth in commercial aviation sector is expected act as a prime driving factor for the growth of the market. The increase in demand for Maintenance, Repair, and Overhaul (MRO) services is further expected to propel the market growth. However, the high initial investment associated with aircraft hangers and long permitting and approval process are expected to restrain the market. Furthermore, the land availability and zoning regulations is expected to act as challenge the market. However, rising demand of smart aircraft hangar and increase in development and modernization in airport infrastructure is expected to open growth opportunities for the market.

Aircraft Hangar MarketAircraft Hangar Market

Data Bridge Market Research analyzes that the global aircraft hangar market is expected to reach a value of USD 1,060,614.67 thousand by 2030, at a CAGR of 4.9% during the forecast period.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 – 2020)

Quantitative Units

Revenue in Thousand, Pricing in USD

Segments Covered

Type (Maintenance, Repair, and Overhaul (MRO), Assembly, Storage), Construction (Fixed, Portable), Aircraft (Wide Body, Narrow Body, Jets, Helicopters, Others), Component (Aircraft Hangar Canopy, Aircraft Hangar Doors, Aircraft Hangar Ventilation, Aircraft Hangar Lighting , Aircraft Hangar Flooring, Others), Platform (Commercial, Military, Others), Material (Steel, Concrete, Fabric, Others)

Countries Covered

U.S., Canada, Mexico, Germany, U.K., France, Spain, Italy, Netherlands, Russia, Switzerland, Denmark, Sweden, Poland, Belgium, Turkey, Norway, Finland, Rest of Europe, China, Japan, South Korea, India, Malaysia, Taiwan, Australia, Singapore, Indonesia, Thailand, New Zealand, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, Bahrain, U.A.E., Kuwait, Oman, Qatar, Egypt, Israel, and Rest of Middle East and Africa

Market Players Covered

Some of the major players operating in the AECOM, PFEIFER GROUP, FulFab Inc., BlueScope Building Inc., The Korte Company, HTS TENTIQ GmbH, Rubb Buildings Ltd, Banyan Air Service, ALASKA STRUCTURES, Sunbelt Temporary Structure, Nucor Building Systems, JOHN REID AND SONS STRUCSTEEL LTD., Allied builders, LEGACY BUILDING SOLUTIONS, ERECT-A-TUBE, INC, Premier Building Systems, Inc, ClearSpan Fabric Structures, Inc., SML Group, Diuk Arches, among others

Market Definition

The global aircraft hangar market is the collective demand and supply of hangar structures used for the storage, maintenance, and protection of aircraft across the world. This market encompasses various types of hangars, including military, commercial, and private hangars, catering to diverse aviation needs. It involves the construction, design, and maintenance services associated with these facilities. Factors driving the growth of this market include increasing air travel, the expansion of commercial aviation, rising defense budgets, and a growing focus on aircraft safety and maintenance.

Global Aircraft Hangar Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:    

Driver

  • Increase in Defense Budgets Across the Globe

A defense budget is the allocation of financial resources by a nation's government for military purposes. It represents the total amount of money designated to fund defense-related activities, including the acquisition of military equipment, personnel salaries, research and development, infrastructure, and other defense-related expenditures. A country's defense budget plays a crucial role in ensuring national security, sovereignty, and the ability to respond to potential threats. Adequate funding enables the development and maintenance of armed forces capable of safeguarding territorial integrity and responding effectively to potential aggressors. Moreover, a well-funded defense budget acts as a deterrent against potential adversaries. The existence of a formidable military capability can discourage hostile actions, contributing to regional and the global stability.

A country's defense budget is of paramount importance for ensuring national security, deterrence, and the ability to respond to crises effectively. The increase in global defense budgets is driven by various factors, including geopolitical tensions, modernization efforts, and emerging threats. There is a growing demand for specialized hangars equipped with cutting-edge technology and maintenance facilities. This surge in defense spending is expected to have a direct positive impact on the market, which is expected to drive market growth.

Aircraft Hangar Market

Opportunity

  • Rising Demand  for Smart Aircraft Hangar

The smart aircraft hangar is a technologically advanced facility designed to provide efficient and intelligent solutions for the storage, maintenance, and management of aircraft. These hangars incorporate state-of-the-art technologies and advanced systems to optimize operations, enhance safety, and reduce overall costs. The smart aircraft hangars are equipped with sophisticated monitoring and sensing systems that provide real-time data on aircraft conditions, environmental factors, and potential hazards. These systems enable proactive maintenance and enhance safety by detecting and addressing issues promptly. Moreover, smart aircraft hangars often incorporate energy-efficient designs, using sustainable materials, natural lighting, and smart climate control systems. This results in reduced energy consumption and lower operational costs.

Challenges/ Restraints

  • High Initial Investment Associated with Aircraft Hangars

The importance of aircraft hangar is increasing with the increase in aviation fleet and commercial flights. However, the substantial upfront costs required for land acquisition, hangar construction, and equipping the facility is expected to act as a restraint for many stakeholders, including airlines, airports, and MRO service providers. Building a hangar involves considerable construction costs, especially for large-scale facilities capable of accommodating multiple aircraft. These costs include materials, labor, and specialized engineering expertise. Additionally, compliance with aviation regulations and safety standards can add to the initial investment. Hangars must meet stringent structural and safety requirements, which may necessitate additional expenses.

  • Land Availability and Zoning Regulations

The aircraft hangar plays a pivotal role in supporting the aviation industry by providing essential facilities for aircraft storage, maintenance, and protection. However, the market faces significant challenges due to complex land availability and zoning regulations associated with hangar construction. Securing suitable land and adhering to zoning regulations can be daunting and time-consuming, leading to potential delays and obstacles for investors, airports, and MRO providers.  Finding suitable land of adequate size and in proximity to airports or MRO facilities can be challenging. Hangars require sufficient space for aircraft maneuvering, maintenance operations, and potential expansion.

Recent Developments

  • In June 2023, SML Group constructed a new aircraft hangar for Indian Air Force. The new hangar will be located at the Air Force Station in Agra, India. It will be able to accommodate a variety of aircraft, including fighter jets, transport aircraft, and helicopters. This will help the company to cater a wide customer and to expand presence in Asia-Pacific region
  • In March 2021, Allied builders launched Aircraft Hangar kits, offering a reliable solution for private aircraft hangars, MRO, or FBO needs. The prefabricated steel building systems, featuring clear span framing and durability, provided customers with a construction advantage, saving time and money while ensuring the safety and protection of their prized aircraft. The recognition of the Hangar kits' reliability and construction advantages also enhanced Allied Steel Building's market visibility, potentially leading to new partnerships

Global Aircraft Hangar Market Scope

The global aircraft hangar market is segmented into six notable segments based on type, construction, aircraft, component, platform, and material. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Type

On the basis of type, the market is segmented into maintenance, repair, and overhaul (MRO), assembly, and storage.

Construction

  • Fixed
  • Portable

On the basis of construction, the market has been segmented into fixed and portable.

Aircraft

  • Wide Body
  • Narrow Body
  • Jets
  • Helicopters
  • Others

On the basis of aircraft, the market segmented into wide body, narrow body, jets, helicopters, and others.

Component

  • Aircraft Hangar Canopy
  • Aircraft Hangar Doors
  • Aircraft Hangar Ventilation
  • Aircraft Hangar Lighting 
  • Aircraft Hangar Flooring
  • Others

On the basis of component, the market has been segmented into aircraft hangar canopy, aircraft hangar doors, aircraft hangar ventilation, aircraft hangar lighting, aircraft hangar flooring, and others.

Platform

  • Commercial
  • Military
  • Others

On the basis of platform, the market segmented into commercial, military, and others.

Material

  • Steel
  • Concrete
  • Fabric
  • Others

On the basis of material, the market has been segmented into steel, concrete, fabric, and others.

Aircraft Hangar Market

Global Aircraft Hangar Market Regional Analysis/Insights

The global aircraft hangar market is segmented into six notable segments which are based on the basis of type, construction, aircraft, component, platform, and material.

The countries covered in this market report are U.S., Canada, Mexico, Germany, U.K., France, Spain, Italy, Netherlands, Russia, Switzerland, Denmark, Sweden, Poland, Belgium, Turkey, Norway, Finland, rest of Europe, China, Japan, South Korea, India, Malaysia, Taiwan, Australia, Singapore, Indonesia, Thailand, New Zealand, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, Bahrain, U.A.E., Kuwait, Oman, Qatar, Egypt, Israel, and rest of Middle East and Africa.

North America is expected to dominate due to the presence of key market players in the largest consumer market with higher GDP. U.S. is leading country in global aircraft hangar market owing to continuous development of cutting-edge technologies and increasing investments in research and development of aircraft technologies. Germany is second major country in this market because of increasing demand for aircrafts from commercial and military aviation sectors. China stands at third position in global aircraft hangar market owing to government initiatives for airport infrastructure development and increasing funding from foreign market players to develop emerging technologies.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.

Aircraft Hangar Market

Competitive Landscape and Global Aircraft Hangar Market Share Analysis

The global aircraft hangar market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breadth, application dominance, and product type lifeline curve. The above data points provided are only related to the company’s focus on the market.

Some of the major players operating in the AECOM, PFEIFER GROUP, FulFab Inc., BlueScope Building Inc., The Korte Company, HTS TENTIQ GmbH, Rubb Buildings Ltd, Banyan Air Service, ALASKA STRUCTURES, Sunbelt Temporary Structure, Nucor Building Systems, JOHN REID AND SONS STRUCSTEEL LTD., Allied builders, LEGACY BUILDING SOLUTIONS, ERECT-A-TUBE, INC, Premier Building Systems, Inc, ClearSpan Fabric Structures, Inc., SML Group, and Diuk Arches, among others.


SKU-

TABLE 1 THE MILITARY BUDGET OF THE TOP 5 COUNTRIES (2020 AND 2022)

TABLE 2 GLOBAL AIRCRAFT HANGAR MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 3 GLOBAL MAINTENANCE, REPAIR, AND OVERHAUL (MRO) IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 4 GLOBAL ASSEMBLY IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 5 GLOBAL STORAGE IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 6 GLOBAL AIRCRAFT HANGAR MARKET, BY CONSTRUCTION, 2021-2030 (USD THOUSAND)

TABLE 7 GLOBAL FIXED IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 8 GLOBAL PORTABLE IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 9 GLOBAL AIRCRAFT HANGAR MARKET, BY AIRCRAFT, 2021-2030 (USD THOUSAND)

TABLE 10 GLOBAL WIDE BODY IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 11 GLOBAL NARROW BODY IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 12 GLOBAL JETS IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 13 GLOBAL HELICOPTERS IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 14 GLOBAL OTHERS IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 15 GLOBAL AIRCRAFT HANGAR MARKET, BY COMPONENT, 2021-2030 (USD THOUSAND)

TABLE 16 GLOBAL AIRCRAFT HANGAR CANOPY IN GLOBAL AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 17 GLOBAL AIRCRAFT HANGAR DOORS IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 18 GLOBAL AIRCRAFT HANGAR DOORS IN AIRCRAFT HANGAR MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 19 GLOBAL AIRCRAFT HANGAR VENTILATION IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 20 GLOBAL AIRCRAFT HANGAR LIGHTING IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 21 GLOBAL AIRCRAFT HANGAR FLOORING IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 22 GLOBAL OTHERS IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 23 GLOBAL AIRCRAFT HANGAR MARKET, BY PLATFORM, 2021-2030 (USD THOUSAND)

TABLE 24 GLOBAL COMMERCIAL IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 25 GLOBAL MILITARY IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 26 GLOBAL OTHERS IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 27 GLOBAL AIRCRAFT HANGAR MARKET, BY MATERIAL, 2021-2030 (USD THOUSAND)

TABLE 28 GLOBAL STEEL IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 29 GLOBAL CONCRETE IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 30 GLOBAL FABRIC IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 31 GLOBAL OTHERS IN AIRCRAFT HANGAR MARKET, BY REGION, 2021-2030 (USD THOUSAND)

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The aircraft hangar market will be worth USD 1,060,614.67 thousand by 2030.
The growth rate of the aircraft hangar market is 4.9% by 2030.
Type, construction, aircraft, component, platform, and material are the factors on which the aircraft hangar market research is based.
An increase in Defense Budgets Across the Globe is the growth driver of the aircraft hangar market.
The major companies in the aircraft hangar market are AECOM, PFEIFER GROUP, FulFab Inc., BlueScope Building Inc., The Korte Company, HTS TENTIQ GmbH, Rubb Buildings Ltd, Banyan Air Service, ALASKA STRUCTURES, Sunbelt Temporary Structure, Nucor Building Systems, JOHN REID AND SONS STRUCSTEEL LTD., Allied builders, LEGACY BUILDING SOLUTIONS, ERECT-A-TUBE, INC, Premier Building Systems, Inc, ClearSpan Fabric Structures, Inc., SML Group, and Diuk Arches, among others.
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