North America 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.
North America Aircraft Hangar Market Analysis and Insights
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 hangars 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.
Data Bridge Market Research analyzes that the North America aircraft hangar market is expected to reach a value of USD 376,377.29 thousand by 2030, at a CAGR of 5.5% during the forecast period.
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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 to 2015 – 2020)
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Quantitative Units
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Revenue in USD Thousand
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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, and Mexico
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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, and Diuk Arches among others
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Market Definition
Aircraft hangars are specialized structures designed to shelter, maintain, and protect airplanes and helicopters. These facilities vary in size and design, accommodating different aircraft types, from small private planes to large commercial jets or military aircraft. Constructed with durable materials like steel, aluminum, or fabric, hangars often feature climate control, security systems, and maintenance equipment to ensure the safety and upkeep of the housed aircraft.
North America 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 North America stability. This surge in defense spending is expected to have a direct positive impact on the market, which is expected to drive market growth.
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
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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, PFEIFER GROUP 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. has successfully conducted the Buildings of the Future North America 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 U.K.-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 North America 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
North America Aircraft Hangar Market Scope
The North America 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
- Maintenance, Repair, and Overhaul (MRO)
- Assembly
- Storage
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 is segmented into fixed and portable.
Aircraft
- Wide Body
- Narrow Body
- Jets
- Helicopters
- Others
On the basis of aircraft, the market is 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 is 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 is segmented into commercial, military, and others.
Material
- Steel
- Concrete
- Fabric
- Others
On the basis of material, the market is segmented into steel, concrete, fabric, and others.
North America Aircraft Hangar Market Regional Analysis/Insights
The North America 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, and Mexico.
The U.S. is expected to dominate the North America aircraft hangar market due to the presence of key market players in the largest consumer market with higher GDP. The U.S. is expected to grow due to a rise in technological advancement in commercial and military aviation sector.
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 regional 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.
Competitive Landscape and North America Aircraft Hangar Market Share Analysis
The North America 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 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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