The global aircraft pushback tug market is expected to grow at a steady CAGR of 5.4%, with a total revenue of US$6.5 billion during the forecast period between 2022 and 2032

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Asia-Pacific is expected to generate lucrative growth opportunities for aircraft pushback tug manufacturers over the forecast period. The demand for aircraft pushback tugs is increasing particularly in countries like the United States, Canada, and Mexico due to the booming tourist industry.

NEWARK, Del, Nov. 21, 2022 (GLOBE NEWSWIRE) — The global aircraft pushback tug market is expected to reach a value of US$6.5 billion by 2032, with sales growing at a reasonable CAGR by 5.4% over the forecast period of 2022 to 2032. The progress and advancements witnessed by the global aviation industry will likely fuel the growth of the aircraft pushback tug market over the forecast period.

Special vehicles or ground support equipment used to push or tow aircraft on the ground are categorized as aircraft pushback tugs. These ground support vehicles are crucial for the proper management of the airport. They are widely used to direct an aircraft between different locations in airports.

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The strong growth in the aircraft pushback tugs market is mainly due to the rapid increase in air passenger traffic, growing investments in the development and expansion of aviation infrastructure, as well as technological innovations in aircraft pushback tugs. aircraft pushback. These vehicles are increasingly being used by aviation companies to address various airport ground handling challenges.

Due to an increase in disposable income, the aviation industry has seen an increase in the number of air passengers. The growing need for a safer and more comfortable mode of transport has also contributed to this increase in air passenger traffic. All these considerations thus propel the growth of the Aircraft Pushback Tug Market during the period 2022-2032.

According to the International Air Transport Association (IATA), worldwide, the total number of air travelers is expected to reach 4.0 billion in 2024. This will likely generate profitable opportunities for aircraft pushback tug manufacturers in the during the evaluation period.

Likewise, increasing investments from governments across the globe for the development of new airports will foster a growth environment for the aircraft pushback tug market over the coming years. Due to the increasing preference for air travel, different governments are focusing not only on the development of new airports but also on the modernization of older ones. Again, the availability of remote control aircraft pushback tugs also creates lucrative opportunities for the target market over the forecast period.

“The inclination in passenger air traffic in recent years along with the expansion of the aviation industry will increase the sales of the global aircraft pushback tug market during the forecast period,” says an IMF analyst.

Key points to remember:

  • Increasing support from governments around the world will improve the market outlook.

  • Safety issues and lack of adequate aviation infrastructure in developing countries will restrain the growth of the market.

  • The Asia-Pacific region will become the most profitable market for aircraft pushback tugs.

  • The aircraft pushback tug market in North America will account for a significant share of the global market.

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Competitive landscape

TUG Technologies Corporation, Aero Specialties, Inc., NMC-Wollard, Inc., Goldhofer Airport Technology GmbH, Eagle Tugs, Mototok International GmbH, Lektro Inc., Charlatte of America Inc., Victory Ground Support Equipment, Nepean Engineering & Innovation Pty Ltd ., and TLD among others are some of the major Aircraft Pushback Tug Market players profiled in the comprehensive version of the report.

The major players in the market want to expand their product portfolios by incorporating innovative, energy efficient and environmentally friendly aircraft pushing tugs into their product range. These companies use strategic partnerships and collaborations to improve their sales in the global market.

More information about the Aircraft Pushback Tugs Market report

In its latest report, FMI offers an unbiased analysis of the global Aircraft Pushback Tugs Market, providing historical data from 2015 to 2020 and forecast statistics from 2022 to 2032. To understand the potential, growth and scope of the market Globally, the market is segmented on the basis of product type (conventional pushback tugs, pushback tugs without towbar), power source (electric, fuel), mode of operation (manually operated, remote) and the region.

According to the latest IMF reports, based on the region, the aircraft pushback tug market in the Asia-Pacific region will exhibit impressive growth during the projected period. The target market of this region will be presented with several lucrative opportunities during the period 2022-2032. Rising aviation industry in countries like China, India, and Japan along with strong presence of major market players will drive the growth of the aircraft pushback tug market in this region. Increasing aircraft sales, availability of leasing options for aircraft pushback tugs, and growth in airport storage operations are contributing to the growth of the target market in China, which in its tower, is positively influencing the Asia-Pacific aircraft pushback tug market.

The North America Aircraft Pushback Tugs Market will also exhibit substantial growth during the period 2022-2032. The regional market will hold a major share of the global market share. This growth can be attributed to increased air passenger traffic, increased government support, and the strong presence of major manufacturers of aircraft ground support equipment. Thus, Asia-Pacific and North America will exhibit strong growth in the aircraft pushback tug market over the forecast period.

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Key segments profiled in the Aircraft Pushback Tugs industry survey
By product type:

By power source:

By operating mode:

  • Manually operated

  • Remote

By region:

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • Middle East and Africa

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Contents
1. Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market context
3.1. Market dynamics
3.1.1. Drivers
3.1.2. Constraints
3.1.3. Opportunity
3.1.4. Tendencies
3.2. Scenario forecast
3.2.1. Demand in the optimistic scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in the conservative scenario
Table of contents to follow . .

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