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Aircraft Hangar Market Size, Share & Industry Analysis, By Type (Portable Installation Hangar, Fixed Installation Hangar), By Application (Personal Aircraft, Commercial Aircraft, Military Aircraft Others) and Regional Forecast 2021-2028

Region : Global | Report ID: FBI103514 | Status : Ongoing

 

KEY MARKET INSIGHTS

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


Market Segmentation:


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.


Key Players Covered:


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.


Key Insights



  • Airport modernization programs and corresponding investments

  • Demand for an aircraft hangar, by application


Regional Analysis:


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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Segmentation






















 ATTRIBUTE


  DETAILS

By Type




  • Portable Installation Hangar

  • Fixed Installation Hangar



By Application




  • Personal Aircraft

  • Commercial Aircraft

  • Military Aircraft Others



By Geography




  • North America (the U.S., Canada)

  • Europe (the UK, Germany, France, and Rest of Europe)

  • Asia Pacific (China, India, Japan, and Rest of Asia Pacific)

  • Rest of the World (South America and The Middle East & Africa)



Aircraft Hangar Market Industry Developments



  • In May 2020, The U.K. based Rubb Buildings Ltd. has signed a contract with the Welsh government to design and construct an Aircraft MRO hangar.

  • At MRO Middle East 2020 event, BUILDAIR has announced to deliver inflatable hangar to the AJW Aviation Services. This hangar has been specially designing to hold business aircraft.

  • In June 2019, BUILDAIR has completed the construction of the world's largest aircraft inflatable hangar. This hangar was designed for the Jeddah based Saudia Aerospace Engineering Industries. This hangar has the capacity to hold Boeing 777-200ER aircraft.


Aircraft Hangar Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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