Over the forecast period of 2021 to 2031, the worldwide aeroplane tugs market is expected to grow at a stable CAGR of more than 4%. Though diesel aeroplane tugs are the most common, the rise of electric aircraft tugs is fueling industry expansion.
The need for towing tugs, such as traditional towbar tugs and towbarless tugs, has increased as the number of airports and aircraft fleets has grown. Manufacturers have been driven to introduce new electric aircraft tug products due to the growing potential of electric aircraft tugs. High demand for aircraft tugs for civil aircraft ground assistance is projected to drive market expansion in the coming years.
Key Market Segments Covered
- Product
- Conventional/Towbar Aircraft Tugs
- Towbarless Aircraft Tugs
- By Handling Capacity
- Up to 50 Ton Power Aircraft Tugs
- 51-150 Ton Power Aircraft Tugs
- 151-260 Ton Power Aircraft Tugs
- More than 260 Ton Power Aircraft Tugs
- Fuel
- Diesel Aircraft Tugs
- Gas Aircraft Tugs
- Electric Aircraft Tugs
- Aircraft
- Tugs for Civil Aircraft
- Tugs for Cargo Aircraft
- Tugs for Military Aircraft
- Tugs for Executive Jets
Competitive Environment
With a large number of competitors functioning in the landscape, the global aeroplane tugs market is moderately competitive. Major players are stepping up their efforts to grow their operations and market share. Foreign players are projected to expand their footprint through acquisitions during the predicted period. Market expansion is predicted to be fueled by improvements in the global economy and the rising aviation industry in emerging economies, which will encourage players to launch new products across regions.
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