Aircraft Tow Tractors Market
Aircraft Tow Tractors Market Analysis By Product Type (Conventional Tractors & Towbarless Tractors) By End-Use (Military & Civil Aviation) By Sales Channel (Original Equipment Manufacturer (OEM) & Aftermarket) By Region – Global Market Insights 2022 to 2032
Analysis of Aircraft Tow Tractors Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Aircraft Tow Tractors Market Snapshot
The global aircraft tow tractors market is estimated at USD 542.2 Million in 2022 and is forecast to surpass USD 846.1 Million by 2032, growing at a CAGR of 4.5% from 2022 to 2032.
| Report Attribute | Detail |
|---|---|
| Base Year Value (2021A) | USD 521.4 Million |
| Estimated Year Value (2022E) | USD 542.2 Million |
| Projected Year Value (2032F) | USD 846.1 Million |
| Global Growth Rate (2022 to 2032) | CAGR 4.5% |
| North America Market Share in 2021 | ~34% |
| North America Growth Rate (2022 to 2032) | CAGR ~4.7% |
| Collective Value Share (US, China, India) 2022: Top 3 Countries | ~39% |
| Top 5 Companies Market Share in 2021 | ~23% |
| Key Companies Profiled | Alke; Bradshaw Electric Vehicles; Eagle Tugs; Godrej Material Handling; Helge Nyberg AB; Hyster; JBT; Jungheinrich AG; Linde Material Handling; Toyota Material Handling; The Raymond Corporation; Taylor-Dunn; Other Market Players |
The global aircraft tow tractors market is likely to create an absolute dollar opportunity of USD 303.9 Million by the end of 2032. The global aircraft tow tractors market holds ~54% of the global tow tractors market.
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2017 to 2021 Global Aircraft Tow Tractors Market Outlook in Comparison to 2022 to 2032 Growth Forecast
Aircraft tow tractors are a crucial part of the airport ground support equipment. The main functions of the aircraft tow tractors include pushing back an aircraft from its gate, towing the aircraft between the gate and hangar, and towing for maintenance purposes. With increasing number of air travel passengers, the aircraft tow tractors market has been earning high traction in the recent times.
The aircraft tow tractors are also designed for wide variety of aircraft including small regional aircraft as well as wide-bodied aircraft which is likely to complement the expansion of the market. Owing to reduced operational cost and improved operational efficiency, the aircraft tow tractors have gained high demand from airlines and ground handling companies.
Government investments in increasing the number of airports in emerging economies of Asia Pacific along with higher production of aircrafts is considered to be the key factor accelerating growth of the aircraft tow tractors market. Manufacturers are focusing on the implementation of advanced technologies to develop aircraft tow tractors that are cost-efficient, more flexible, and make handling of airplanes faster and safer. Further, expansion of aviation industry has been envisaged to open new growth avenues and guide the future of aircraft tow tractors market.
Fact.MR projects the aircraft tow tractors market is expected to witness exhibiting growth at 4.5% CAGR during 2022 and 2032 in comparison to a CAGR of 3.0% with which it grew from 2017 and 2021.
Advanced Technologies to Support Market Demand for Aircraft Tow Tractors Market
Aircraft tow tractors are a crucial part of the airport ground support equipment. The main functions of the aircraft tow tractors include pushing back an aircraft from its gate, towing the aircraft between the gate and hangar, and towing for maintenance purposes. With increasing number of air travel passengers, the aircraft tow tractors market has been earning high traction in the recent times.
The aircraft tow tractors are also designed for wide variety of aircraft including small regional aircraft as well as wide-bodied aircraft which is likely to complement the expansion of the market. Owing to reduced operational cost and improved operational efficiency, the aircraft tow tractors have gained high demand from airlines and ground handling companies.
Government investments in increasing the number of airports in emerging economies of Asia Pacific along with higher production of aircrafts is considered to be the key factor accelerating growth of the aircraft tow tractors market.
Manufacturers are focusing on the implementation of advanced technologies to develop aircraft tow tractors that are cost-efficient, more flexible, and make handling of airplanes faster and safer. Further, expansion of aviation industry has been envisaged to open new growth avenues and guide the future of aircraft tow tractors market.
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Global Aircraft Tow Tractors Market: Snapshot
Huge aircraft can't be moved by hand and should have a tractor or pull. Pushback tractors utilize a minimal design to fit under the nose of aircraft. For adequate traction the tractor needs to be strong and heavy, and most models can have additional stabilizer included.
A usual tractor for big aircraft weighs around 54 tons (119,000 pounds) and has a pulling drawbar of 334 kN (75,000 lbf). Mostly the cabin of driver can be raised for better visibility when switching and brought down to fit below the aircraft. There are two kinds of pushback tractors: towbarless (TBL) and conventional.
Makers of aircraft tow tractors are concentrating on creating improved aircraft towing vehicles given the surging demand from flying industry for higher security and unwavering quality aircraft tow tractors. Considering the fuel sparing factor of aircraft tow tractors, have been working to create nature friendly solution that prompted the advancement of aircraft tow tractors.
Manufacturers have created hybrid electric push back tractors that are a dependable and effective contrasting option to heavy duty diesel aircraft tow tractors to move aircrafts at the time of landing and before taking-off. Making of these tractors were started to meet duties to lessen the emission of carbon dioxide from the ground vehicles and aircrafts.
Aircraft Tow Tractors - A Strategic Move towards Saving Aviation Fuel
Initially airplanes travelled from airport gates towards runways using their own fuel. However, this became uneconomical as this kind of taxing, based on the size of aircrafts and distance, results in consumption of about one metric ton of fuel used in aircrafts.
This led to the development of high powered, diesel-electric aircraft tow tractors that are attached to the nose wheel of the aircraft to pull the plane towards runways. As a result, the aircraft need not have to run on its engines during the process, consecutively saving aviation fuel. This is anticipated to fuel the adoption of aircraft tow tractors worldwide.
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Higher Consumer Preference for Air Travel to Augment Growth of Aircraft Tow Tractors
Air travel continues to witness significant demand with increasing number of people opting for this mode of travel, be it business or leisure. According to International Air Transport Association (IATA), by 2036, around 7.8 billion passengers are expected to opt for air travel based on the 3.6 percent average CAGR that is being witnessed currently.
However, this has a twofold impact, as increasing number of passengers has influenced higher production of aircrafts and at the same time, this is expected to pose challenges for the governments with respect to investments to meet the growing demand. Thus, the increasing number of airports and aircrafts have pushed the proliferation of aircraft tow tractors consecutively supporting the growth of the market during the period of assessment.
Hybrids Complementing Environmental Sustainability
EPA (Environment Protection Act) has laid various norms and regulations regarding the carbon dioxide emissions from all types of vehicles in order to promote environment safety. Considering this protocol, manufacturers of aircraft tow tractors have developed hybrid electric push back tractors that are a reliable and efficient alternative to heavy duty diesel aircraft tow tractors to move aircrafts after landing and before taking-off.
Manufacturing of these tractors were initiated to meet commitments to reduce the CO2 emissions from both aircrafts and ground vehicles. With this, manufacturers started developing advanced hybrid options thus spurring the traction of hybrid aircraft tow tractors during the assessment period.
High Demand for Safety and Reliability
Manufacturers of aircraft tow tractors are focusing on developing enhanced aircraft towing vehicles given the growing demand from aviation industry for higher safety and reliability aircraft tow tractors. Considering the fuel saving feature of aircraft tow tractors, key participants such as Siemens, Lufthansa LEOS, French TLD Group (a market leader in handling equipment used in airports), and Israel Aerospace Industries have been striving to develop environment friendly solutions that led to the development of aircraft tow tractors.
For instance, JBT has developed AgileAir - a diesel powered power cart for flight line and hangar support for military fighter aircrafts. It features computerized self-diagnostics, enhanced power output options, reduced fuel consumption, enables ease in transportation and integrated bleed air and conditioned air combination.
Likewise, Siemens has developed a new diesel-electric aircraft tow tractor that can be controlled from the cockpit of the aircraft. TaxiBots, Siemens’s new innovation, saves fuel, extends maintenance intervals and eliminates noise. TaxiBots, owing to its enhanced efficiency has already been certified for Airbus 320 and this aircraft tow tractor is expected to safely pull around 70 percent of all the passenger plants across the globe.
Moreover, aircraft tow tractors developed by Siemens feature powertrains that include electric motors, generators, converters and integration of software and electronics. Looking at the efficiency of TaxiBots, in 2017, the EASA (European Aviation Safety Agency) and FAA (Federal Aviation Administration) in the United States certified the tractor for Boeing 737.
According to Lufthansa, at the Frankfurt Airport alone, these tractors facilitate saving of around 11,000 metric tons of aviation fuel each year. Such developments, in view of offering highly safe, durable, fuel efficient, fuel saving and reliable vehicles, and are expected to boost the adoption of aircraft tractor vehicles in the coming years.
Competitive Landscape: Top Companies in Aircraft Tow Tractors Market
The global aircraft tow tractors market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of aircraft tow tractors market.
Fact.MR has provided detailed information about price points of key manufacturers in aircraft tow tractors market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
- Bradshaw Electric Vehicles in 2021, launched fully electric, remote-controlled, and pedestrian-operated tow tractor which are designed for moving lorry trailers in both manufacturing and distribution applications
- Godrej Material Handling in 2021 announced to capture 30% market share in electric forklift market by 2024 via its Godrej Material Handling business
Global Aircraft Tow Tractors Market by Category
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By Product Type, Global Aircraft Tow Tractors Market is segmented as:
- Conventional Tractors
- Towbarless Tractors
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By End-Use, Global Aircraft Tow Tractors Market is segmented as:
- Military
- Civil Aviation
-
By Sales Channel, Global Aircraft Tow Tractors Market is segmented as:
- Original Equipment Manufacturer (OEM)
- Aftermarket
-
By Region, Global Aircraft Tow Tractors Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product Type
- 6.2. End Use
- 6.3. Sales Channel
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Conventional Tractors
- 7.2. Towbarless Tractors
- 8. Global Market Analysis and Forecast, By End Use
- 8.1. Military
- 8.2. Civil Aviation
- 9. Global Market Analysis and Forecast, By Sales Channel
- 9.1. Original Equipment Manufacturer (OEM)
- 9.2. Aftermarket
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Product Type, End Use, and Sales Channel for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Alke
- 20.2. Bradshaw Electric Vehicles
- 20.3. Eagle Tugs
- 20.4. Godrej Material Handling
- 20.5. Helge Nyberg AB
- 20.6. Hyster
- 20.7. JBT
- 20.8. Jungheinrich AG
- 20.9. Linde Material Handling
- 20.10. Toyota Material Handling
- 20.11. The Raymond Corporation
- 20.12. Taylor-Dunn
- 20.13. Others
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Product Type
Table 03: Global Market US$ Mn Forecast by End Use
Table 04: Global Market US$ Mn Forecast by Sales Channel
Table 05: North America Market US$ Mn Forecast by Country
Table 06: North America Market US$ Mn Forecast by Product Type
Table 07: North America Market US$ Mn Forecast by End Use
Table 08: North America Market US$ Mn Forecast by Sales Channel
Table 09: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Product Type
Table 11: Latin America Market US$ Mn Forecast by End Use
Table 12: Latin America Market US$ Mn Forecast by Sales Channel
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Product Type
Table 15: Western Europe Market US$ Mn Forecast by End Use
Table 16: Western Europe Market US$ Mn Forecast by Sales Channel
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Product Type
Table 19: Eastern Europe Market US$ Mn Forecast by End Use
Table 20: Eastern Europe Market US$ Mn Forecast by Sales Channel
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Product Type
Table 23: East Asia Market US$ Mn Forecast by End Use
Table 24: East Asia Market US$ Mn Forecast by Sales Channel
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 27: South Asia & Pacific Market US$ Mn Forecast by End Use
Table 28: South Asia & Pacific Market US$ Mn Forecast by Sales Channel
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Product Type
Table 31: MEA Market US$ Mn Forecast by End Use
Table 32: MEA Market US$ Mn Forecast by Sales Channel
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the global Aircraft Tow Tractors Market scenario?
The global value of aircraft tow tractors market is estimated to be worth over USD 542.2 Million in 2022.
How far is the global demand expected to reach over the forecasted period?
The demand is anticipated to surpass USD 846.1 Million by 2032 end.
What was the last 5-year CAGR for the demand in the Aircraft Tow Tractors Market?
During 2017-2021, global aircraft tow tractors market grew at 3.0% CAGR.
Who are the prominent players in the global Aircraft Tow Tractors Market?
Some of the prominent players in aircraft tow tractors market are Siemens, JBT Aero, TLD Group, Eagle Tugs and Fresia SpA, etc.
Which is the most leading region in the Aircraft Tow Tractors Market?
North America tops the global aircraft tow tractors market accounting for 34.3% of global market share in 2022.
Which product type segment contributes maximum share in Aircraft Tow Tractors sales?
Conventional tractors segment under the product type segment contributes 54.3% of market share in global sales of aircraft tow tractors.
Aircraft Tow Tractors Market