The global aircraft hangar market is fragmented, consisting of many global players. These companies produce competitive prices, various types of solutions, and innovative products with services across the globe. Suppliers and manufacturers offer products and services with different solutions and features for all budgets due to the presence of the players at regional and international levels. Growth in the commercial aviation sector is majorly driving the global aircraft hangar software market. Moreover, growth in safety regulations and quality standards is further driving the market. However, the high initial investment associated with aircraft hangers is expected to restrain the market growth. Furthermore, cost and financing are expected to challenge the market growth. However, airport expansion and modernization are expected to provide lucrative opportunities for market growth.
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Global Aircraft Hangar Market
Data Bridge Market Research analyses that the Global Dental Practice Management Software Market is expected to reach USD 1,060,614.67 thousand by 2030 from USD 757,351.43 thousand in 2023, growing with a substantial CAGR of 4.9% in the forecast period of 2023 to 2030.
Key Findings of the Study
Increase in Defense Budgets across the Globe
The global aircraft hangar market is fragmented, consisting of many global players. These companies produce competitive prices, various types of solutions, and innovative products with services across the globe. Due to the presence of the players at regional and international levels, suppliers and manufacturers offer products and services with different solutions and features for all budgets. An increase in defense budgets across the globe is majorly driving the global aircraft hangar market. Moreover, growth in the commercial aviation sector is further driving the market. However, the high costs associated with X-ray inspection systems are expected to restrain the market growth. Furthermore, regulatory compliance is expected to challenge market growth. However, technological advancements are expected to provide lucrative opportunities for market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to2015-2020)
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Quantitative Units
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Revenue in Thousand and Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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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
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, poster’s model analysis, pestle analysis, pricing analysis, and regulatory framework
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Segment Analysis
The global aircraft hangar market is segmented into six notable segments which are based on the type, construction, material, aircraft, component, and platform.
- On the basis of type, the market is segmented into maintenance, repair, and overhaul (MRO), assembly, and storage.
In 2023, the maintenance, repair, and overhaul (MRO) segment is expected to dominate the market
In 2023, the maintenance, repair, and overhaul (MRO) segment is expected to dominate the market with a 59.09% market share, due to essential to ensure the safety, airworthiness, and reliability of aircraft.
- On the basis of construction, the market is segmented into fixed and portable.
In 2023, the fixed segment is expected to dominate the market
In 2023, the fixed segment is expected to dominate the market with an 85.08% market share, due to cost-effectiveness and efficiency in construction.
- On the basis of material, the market is segmented into steel, concrete, fabric, and others. In 2023, the steel segment is expected to dominate the market with 56.17% market
- On the basis of platform, the market is segmented into commercial, military, and others. In 2023, the commercial segment is expected to dominate the market with 53.55% market share
- On the basis of aircraft, the market is segmented into wide body, narrow body, jets, helicopters, and others. In 2023, the wide body segment is expected to dominate the market with 47.23% market share
- On the basis of component, the market is segmented into aircraft hangar canopy, aircraft hangar doors, aircraft hangar ventilation, aircraft hangar lighting, aircraft hangar flooring, and others. In 2023, aircraft hangar canopy is expected to dominate the market with 45.26%market share
Major Players
Data Bridge Market Research recognizes the following companies as the major key players in the global 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, Diuk Arches, among others.
Market Development
- In June 2023, Pfeifer Holding GmbH was a partner of the "Coalition for Timber Construction," an initiative for sustainable building with wood that aimed to promote wooden buildings as the first choice for construction projects across the board. The coalition served as a knowledge provider for the real estate industry and political discourse, advocating for timber construction's advantages in sustainability and climate protection. It was founded in 2021
- In June 2023, BlueScope Construction, Inc. successfully conducted the Buildings of the Future global accelerator, collaborating with BlueScopeX, the ventures arm of BlueScope Steel, to foster innovation in the construction industry. The accelerator resulted in five pilot programs with innovative startups, including GigBridge, a UK-based SaaS platform addressing the challenge of finding skilled labor in the construction industry. This initiative showcases BlueScope Construction's commitment to leveraging cutting-edge technologies and solutions, such as AI-powered workplace safety, AI-enabled digital twin for defect prediction in steel production, supply chain-focused SaaS platform, and solar energy solution
- In December 2022, JOHN REID & SONS (STRUCSTEEL) LTD got recognition for its outstanding contributions to the global aircraft hangar market. Their collaboration with the main contractor Civils Contracting Ltd on the dual-cantilever hangar at London Biggin Hill Airport and Bombardier's official opening showcases their expertise in designing, fabricating, and installing complete steel frames and hangar elements
- In July 2022, ALASKA STRUCTURES underwent a strategic renaming and restructuring program, becoming AKS Industries, Inc., and introducing three new corporate divisions: Alaska Defense, Alaska Structures®, and BLU-MED Response Systems®. This move reflected the company's significant growth, expanded product offerings, and in-house manufacturing capabilities, allowing AKS Industries to offer both soft- and hard-wall building solutions and seamlessly integrate containerized buildings into their product lineup. The strategic renaming and restructuring program marked a significant milestone in AKS Industries' history, allowing the company to align its brand and divisions with its expanded product lines and manufacturing capabilities
- In October 2021, Banyan Air Service announced that the Banyan/Sheltair Complex at Fort Lauderdale Executive Airport has seen substantial demand, with its Banyan North hangars, offering 180,000 sq. ft. of new hangar space, reaching an impressive 85% occupancy within just 14 months of operation. The recent additions of three flight departments, housing Gulfstream IV, Falcon 900, Challenger 604, and Learjet 60 aircraft, have further boosted Banyan North's success, with Hangar H now at full capacity
Regional Analysis
Geographically, the countries covered in the global aircraft hangar 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 the Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global aircraft hangar market
In 2023, North America is expected to dominate the global aircraft hangar market due to region is home to one of the largest and most developed aviation industries globally. The region boasts numerous major airlines, cargo carriers, private aviation operators, and military aviation units, all of which require sophisticated and expansive aircraft hangars to house their fleets and conduct maintenance and repair activities.
Europe is estimated to be the fastest-growing region in the global aircraft hangar market in the forecast period 2023 - 2030
Europe region is expected to dominate the global aircraft hangar market with a 29.15% market share and is expected to reach USD 314,150.65 thousand by 2030, growing with a CAGR of 5.1% in the forecast period of 2023 to 2030.
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