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Aircraft hangar is the structure constructed by using material such as wood, metal, fabric, and concrete to protect the airplane. This hangar is design according to the size of aircraft including small, medium, and large or type of aircraft such as narrow-body aircraft, wide-body aircraft, helicopter, military carrier, business jets among others. The primary aim of an aircraft hangar is to protect the aircraft from hailstorm, rain, windstorm, and provide necessary airplane maintenance services. An aircraft hangar has divided into two types, portable installation hangar and fixed installation hangar. The market witnesses an outrageous demand for portable hangar designs owing to its advantages over the fixed hangar. Portable hangar offer features including easy installation, cost-efficient, less construction time, relocatable, and flexible reconstruction or modification. Therefore, the demand for a portable hangar is increasing for commercial and military aircraft applications during the forecast period.
Growing commercial aircraft orders in high growth regions and increasing airport modernization and development programs in developing economies are driving the growth of the aircraft hangar market during the forecast period. However, stringent aircraft hangar design standards to impede the growth of the market during the estimated period. In spite of this, the growing demand for energy-efficient, relocatable fabric aircraft hangar will expect to create lucrative opportunities for the market soon.
Key Market Driver -
• Growing commercial aircraft orders in high growth regions to boost the market growth • Increasing airport modernization and development programs in developing economies will aid market growth
Key Market Restraint -
• Stringent aircraft hangar design standards to impede the growth of the market
By type, the global aircraft hangar market is segmented into a portable installation hangar and fixed installation hangar. Based on the application, the market is divided into personal aircraft, commercial aircraft, and military aircraft. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, The Middle East, and the Rest of the world.
The major companies in the global aircraft hangar market report include Allied Steel Buildings Inc. (The U.S.), Rubb Buildings Ltd. (The U.K.), JOHN REID & SONS (STRUCSTEEL) Ltd. (The U.K.), Diuk ARCHES Ltd. (Israel), Fulfab Inc. (The U.K.), Alaska Structures (The U.S.), AECOM (The U.S.), ClearSpan Fabric Structures Inc. (The U.S.), BUILDAIR (Spain), PFEIFER Holding GmbH & Co. KG (Germany), The Korte Co. (The U.S.), and among others.
The aircraft hangar market has been segmented into North America, Europe, Asia Pacific, and Rest of the world. North America has registered the highest market share in the base year. The large investment in airport modernization programs, a large number of airports, and the presence of prominent market players in this region such as AECOM (The U.S.) and Alaska Structures (The U.S.) are driving the growth of the market in North America.
Asia-Pacific would display the highest growth during the forecast period. This growth is attributed to the growing orders for commercial airplanes due to an increase in air passenger traffic and increasing new airport construction projects in the region. Moreover, Europe registers significant market share in the base year owing to the presence of key players such as Rubb Buildings Ltd. (The U.K.) and Fulfab Inc. (The U.K.). The rest of the world would showcase significant market growth owing to the rising commercial flight demand from the Middle East & Africa.
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