Aircraft Towbar Market Witnessing Proliferation of Electric Variants
Substantial efforts have been taken by gasoline-powered aircraft towbar makers for enhancing its reliability and ease-of-handling. However, these are deemed inefficient in offsetting the reliability of the relatively newer concept - electric aircraft towbars. Preference of airlines is currently witnessing a paradigm shift toward battery-powered electric aircraft towbars, to eliminate the routine maintenance requirements associated with their gasoline counterparts. With improvements in battery technologies, from low-density lead-acid to high energy lithium-ion with SiC films, the aviation industry is gradually leaning toward electric ground support equipment, thereby impacting adoption and production of electric aircraft towbar as a consequence. Key manufacturers in the aircraft towbar market have already introduced their electric towbar products, and some of the prime example include Lil Sherman and E200 (Aero-Tow), Nose-Dragger NDE-1 (Dragger), and ThunderVolt (PowerTow). These electric-based developments in aircraft towbars have further led end-users to shift their preferences toward these variants. As a result of these trends, electric towbars are expected to observe a 2X growth in sales than their gasoline-powered counterparts in the foreseeable future.
IATA’s New Schedule for ISAGO Audits Likely to Boost Investments in GSE
Prevailing range of challenges, from productivity to design, faced by airlines with regard to ground support equipment (GSE), have recently led to a rise in requirement for multi-faceted approaches that include better safety audits, new technologies and improved staff training methods. Recognizing possible benefits linked with global standard for GSE policies & procedures, IATA introduced its Safety Audit for Ground Operations (ISAGO) model in 2008. The organization has recently made a new schedule for the model, while retaining its previous goals of auditor training/qualification and efficiency, elimination of duplicate audits, and improved ground safety. IATA estimates that making improvements in ground safety and curtailing damages to aircraft, will eventually save US$ 4 billion annually, which in turn has led GSE manufacturers, including aircraft towbar makers, to make huge investments in equipment design and development. Additionally, the focus of aircraft GSE manufacturers is shifting toward optimization solutions that offer intelligence that extend beyond location & status of the equipment, which in turn is expected to favor development, and thereby growth of aircraft towbar market in the near future.
Shift From Towbar to Towbarless Likely to Limit Future Demand
Traditionally pervasive as a go-to-equipment to help tow aircrafts has several confinements associated with it, including time-intensive installation, cost-intensive staff training, high cost of the equipment, and limited speed. These challenges have led aircraft towbar manufacturers to join forces and come up with an advanced solution that offset the operational uncertainties apropos of towing aircrafts, which in turn has led the development of towbarless tugs. A prime example of such co-development is “eJP Towbarless Tug,” by the collaboration between Eagle Tugs and Tronair. The trend of towbarless is expected to significantly impede growth of the aircraft towbar market, as these new equipment enable operators to utilize zero-degree turning radius that results in precise positioning of aircraft with lesser space requirement for maneuverability.
Maintenance Outsourcing by Airlines Remains a Key Revenue Stream for Equipment Manufacturers
Preventative maintenance persists as a vital aspect among aircraft ground support equipment (GSE) manufacturers, and this is no exception for towbar producing companies. Maintenance approach followed by aircraft towbar manufacturers is comprehensive, which involves procedures for all components, ranging from towbar body & head mechanism to lift mechanism & tow rings. Outsourcing these maintenance operations to specialty companies, such as FlyTek GSE, is a key industry trend that is a consequence of emphasis on minimizing downtime and repair costs through quality preventative maintenance. This has further built the customer confidence with regard to safety requirements of towbars, while offering them convenience of on-site trouble shooting and maintenance. Aircraft towbar manufacturers will continue to witness revenue benefits from these maintenance outsourcing activities in the upcoming years.
Airlines’ Emphasis on Operational Time Reduction to Create Demand
Air transport GSE services continue to witness the boons of growth in airport expansions worldwide. According to the IATA, over half of the global population is expected to opt for air travel by 2036, which in turn has led the airports to focus on high optimization and efficient utilization of GSE, such as aircraft towbar, and relevant workforce. Traditionally employed aircraft towbars are being replaced with advanced ones, to offset decreased time of service per flight resulting from high rate of air traffic and low rate of airport expansion activities. For example, aircraft towbars are witnessing a shift in demand from multi-head to universal, as well as from the conventional gasoline-based to electric variants, to resolve bottlenecks and delays in processes, and reduce operational costs in return. Such inclination toward efficient and effective GSE will bolster future developments and demand for aircraft towbars.
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Fact.MR’s report on the aircraft towbar market offers holistic intelligence on demand and supply trends of aircraft towbar worldwide, along with an in-depth assessment on the aircraft towbar market’s competitive landscape. Comprehensive data on prominent as well as emerging aircraft towbar manufacturers has been offered, along with analysis on their company overview, product overview, key financials and key developments. Key aircraft towbar market players profiled in the report include Tronair, Brackett Aircraft Company Inc., K&M Airporttechnik, Techman-Head Group, and others.
Some of the key developments made by leading players in aircraft towbar market include:
- The HT-60A Towbar by AERO SPECIALTIES, which is a lightweight aluminum-based model designed for continuous ramp use. The HT-60A can be disassembled into two parts for easy transportation, while the pneumatic wheels mounted rid the hassle of moving to and from aircrafts.
- ATA-9 by Tronair, which come in diverse range including custom, narrow & wide-body, snap-back, portable and multi-head. These models are made available for single-engine, light aircrafts. Resilience and dependability are key attributes of these models that Tronair claims to be incontestable.
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The Aircraft Owners and Pilots Association (AOPA) defines aircraft towbar as a GSE that hooks or clamps onto nosewheel of tricycle-gear airplane. While for airplanes with steerable nosewheel, aircraft towbar can be clamped onto the nosewheel strut. Aircraft towbar is majorly categorized into multi-head aircraft towbar and universal aircraft towbar, while the driving mechanism of aircraft towbar is classified into conventional and electric variants.
About the Report
Fact.MR’s report on the aircraft towbar market is an all-inclusive compilation of valuable & actionable insights. A detailed assessment on the aircraft towbar market has been delivered in the report, which include analysis on key dynamics including drivers, trends, opportunities and restraints, affecting current and future growth of the aircraft towbar market. Primary objective of the report is to offer its readers with authentic intelligence on aircraft towbar market that aids them in aggregating and slating possible strategies based on the holistic insights offered on aircraft towbar market. This further aids the report readers in aligning well with changing dynamics of the aircraft towbar market.
An overview of the aircraft towbar market at a global scale is covered, to help clients in better understanding future growth potential of the aircraft towbar market. This further enables them in devising future direction of their aircraft towbar businesses and making proper investment decisions in the aircraft towbar market. The report also offers a realistic view of aircraft towbar market acumen, eliminating all biases, along with data on aircraft towbar sales in terms of volume (units) and value (US$ Mn).
The report provides a systematic representation of important segments in the aircraft towbar market, with the help of a taxonomy table. The aircraft towbar market is primarily segmented in terms of product type, material type, aircraft type, tow-head type, towbar mechanism, and region. Multi-head aircraft towbar and standard/universal aircraft towbars are key product type segments analyzed in the aircraft towbar market. The report classified the materials used for production of aircraft towbars into aluminum and steel. Aircraft types analyzed in the aircraft towbar market include executive jet, civil aircraft, cargo aircraft, and military aircraft. Shear pin and clamp are the two tow-head types examined in the aircraft towbar market. The report segments the towhead mechanism of aircraft towbars into conventional and electric. The report has categorized the aircraft towbar market regionally into CIS & Russia, Japan, Middle East & Africa, Asia-Pacific excluding Japan, Europe, Latin America, and North America.
Additional Questions Answered
The report also provides answers to other important questions related to aircraft towbar market, such as -
- Why sales of standard/universal aircraft towbar are outpacing that of multi-head aircraft towbar?
- How many units of aluminum-based aircraft towbars will be sold by 2028-end?
- Which type of aircraft will hold largest volume share of the aircraft towbar market?
- By what rate is electric aircraft towbar sale outpacing their conventional counterparts?
- What will be the growth rate of aircraft towbar market in APEJ?
The report offers an in-depth assessment on the aircraft towbar market, which is based on a tested & proven research methodology, which involves comprehensive primary and secondary research approaches. These research methods have helped in arriving at important numbers for the aircraft towbar market. Data collected on the aircraft towbar market by these researches go through several validation funnels, examination and re-examination, prior to their inclusion in the report.
Credibility of the statistics evaluated and data acquired on the aircraft towbar market, bases itself on unique nature of Fact.MR’s research methodology, which claims ensuring greater accuracy and provision of authentic data. Intelligence obtained from opinion leaders and industry experts in the aircraft towbar market have been extrapolated, meanwhile contemplation of the data has allowed analysts to develop this analytic and insightful report on the aircraft towbar market.
Request research methodology of this report.
This report offers an exhaustive assessment and forecast on the aircraft towbar market for the forecast period between 2018 and 2028. Comprehensive analysis on important dynamics, which include growth determinants, impediments, opportunities, and trends, for the aircraft towbar market has been offered in the report. The report also provides imperative factors expected to pose significant influence on development and innovation in the aircraft towbar, thereby enabling aircraft towbar manufacturing companies to modify their marketing and production strategies.
Chapter 1 – Executive Summary
The first chapter of the report provides an executive summary of the aircraft towbar market, which offers intelligence on megatrends impacting growth of the aircraft towbar market. This chapter also includes analysis on the opportunities for aircraft towbar manufacturers to expand their businesses worldwide.
Chapter 2 – Aircraft Towbar Market Introduction
The second chapter of the report includes a market taxonomy that systematically represents key segments of the aircraft towbar market. This chapter also provides a brief introduction to the aircraft towbar market, along with a formal definition of the target product – “aircraft towbar.” A detailed analysis on latent opportunities in the aircraft towbar market, along with the wheel of fortune opportunity assessment has also been offered in this chapter.
Chapter 3 – Aircraft Towbar Market Dynamics
This chapter provides key dynamics – opportunities, trends, drivers, and restraints – impacting growth of the aircraft towbar market. Impact analysis on regional dynamics for the aircraft towbar market has also been delivered in this chapter. In addition, this chapter incorporates analysis on key challenges confining growth of the aircraft towbar market.
Chapter 4 – Key Indicator Assessment on Aircraft Towbar Market
This chapter offers important data and forecast on the aircraft towbar market, on the basis of aircraft delivery volume in units, aircraft fleet sizes, airline passenger traffic in billion RPK along with its relevant Y-o-Y growth. Airport infrastructure expenditure outlook, and international tourist arrival forecast has also been included in this chapter.
Chapter 5 – Associated Industry Assessment
This chapter offers in-depth assessment on the associated industry for the aircraft towbar market – aircraft maintenance, repair and overhaul industry. Absolute opportunity analysis has been offered on the aircraft MRO industry, along with classification of MRO companies based on aircraft type. The chapter also offers analysis on the airport ground handling services industry.
Chapter 6 – Supply Chain Assessment on Aircraft Towbar Market
This chapter provides detailed supply chain analysis on the aircraft towbar market, which includes list of key contributors and their operational strategy, value chain analysis, list of active participants, profitability and gross margin analysis. Forecast on current and future scenario of the aircraft towbar market has also been offered in this chapter. Porter’s Fiver Forces analysis and PESTLE analysis have been used for the assessment on opportunities for the aircraft towbar manufacturers.
Chapter 7 – Price Point Analysis on Aircraft Towbar Market
This chapter offers price point assessment on the aircraft towbar market on the basis of product type, and region. Price forecast for the aircraft towbar market has been offered for the period between 2018 and 2028, along with key factors influencing the pricing strategies of aircraft towbar manufacturers.
Chapter 8 – Aircraft Towbar Market Analysis 2013-2028
This chapter offers a comprehensive assessment on the aircraft towbar market with regard to all the market segments. Volume & value share analysis, and market attractiveness analysis on each segment of aircraft towbar market has been delivered in this chapter,
Chapter 9 – North America Aircraft Towbar Market Analysis
This chapter offers a scrutinized analysis on growth of the aircraft towbar market in North America, along with important number such as revenues (US$ Mn) and volume sales (units). A country-wise analysis on growth of North America aircraft towbar market has also been offered in this chapter.
Chapter 10 – Latin America Aircraft Towbar Market Analysis
This chapter offers assessment on growth of Latin America aircraft towbar market, along with prospects of each market segment in the region. Market attractiveness analysis on the market segments in Latin America aircraft towbar market has also been rendered in this chapter.
Chapter 11 – Europe Aircraft Towbar Market Analysis
This chapter offers key trends and opportunities affecting growth of the aircraft towbar market in Europe, along with the list of key aircraft towbar manufacturing companies in the region.
Chapter 12 – CIS & Russia Aircraft Towbar Market Analysis
This chapter offers details on the aircraft towbar market in CIS & Russia, and projections on growth of each segment in CIS & Russia aircraft towbar market have been delivered. A heat map analysis on the CIS & Russia aircraft towbar market has also been covered in this chapter.
Chapter 13 – APEJ Aircraft Towbar Market Analysis
This chapter offers important market numbers, such as revenue comparison, market share comparison, and Y-o-Y growth comparison of the aircraft towbar market in Asia-Pacific excluding Japan, at a country level.
Chapter 14 – Japan Aircraft Towbar Market Analysis
This chapter offers key trends affecting growth of aircraft towbar market in Japan, along with a market attractiveness analysis on key players operating in the region.
Chapter 15 – MEA Aircraft Towbar Market Analysis
Aircraft towbar market in Middle East & Africa has been analyzed and forecast on relevant growth prospects has been offered in this chapter. Analysis on leading companies in the MEA aircraft towbar market has also been rendered in this chapter.
Chapter 16 – Aircraft Towbar Market Competition Assessment
This chapter offers an exhaustive analysis on the competition landscape of the aircraft towbar market, along with a dashboard view of key market competitors. Company share analysis on Tier 1 market players has been covered in this chapter. Region-wise position of players in the aircraft towbar market, and the competition positioning index has also been incorporated in this weighted chapter of the report.
Chapter 17 – Aircraft Towbar Company Profiles
This chapter profiles and examines key companies that are significantly contributing to growth of the aircraft towbar market. The market players profiled in this chapter include Brackett Aircraft Company Inc., Techman-Head Group, Hydro Systems USA Inc., GSE Composystem, Shanghai Cartoo GSE Co., Ltd., and others.
Insights on the aircraft towbar market have been gleaned from various sources, including local newspapers, company websites, company press releases, published financial data, published trade data, quarterly financial statements, 10-K & 10-Q filings, and several other data sources.
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