Aircraft Tugs Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.14 Billion |
| Market Size (2029) | USD 7.29 Billion |
| CAGR (2024 - 2029) | 7.25 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aircraft Tugs Market Analysis
The Aircraft Tugs Market size is estimated at USD 5.14 billion in 2024, and is expected to reach USD 7.29 billion by 2029, growing at a CAGR of 7.25% during the forecast period (2024-2029).
The removal of COVID-19 restrictions has positively driven the delivery of new aircraft, the introduction of new routes, and increased flight movements. This is anticipated to drive the investments of airport ground handlers into new-generation ground support systems that reduce the turnaround time of the aircraft.
The construction of new airports, expansion of existing airports to increase passenger and cargo handling capacities, and privatization of airports are expected to drive the growth of the market during the forecast period.
The current plans of airports to decrease their carbon footprint have accelerated the deployment of electric tugs, and the integration of advanced technologies like remotely operated pushback tugs also offers safe and efficient management of an airport. Such green initiatives by airport operators are expected to accelerate the market's growth in the coming years.
Aircraft Tugs Market Trends
Electric Segment is Anticipated to Register the Highest CAGR During the Forecast Period
Electric tugs have increased reliability and are easy to handle compared to conventional diesel or gas tugs. Also, the growing concern over airport emission levels has diverted the focus of airlines toward the use of electric-powered ground vehicles. In January 2021, Munich Airport unveiled its latest new addition to its ground handling fleet, an electric-powered tug capable of towing wide-body aircraft and achieving a maximum speed of 32 kilometers per hour.KLM Airlines tested electric tugs at the Amsterdam Schipol airport in 2020. The airport has also invested in hybrid tugs to reduce carbon emissions and save fuel as part of the green airport program. Several airports are also taking similar approaches globally to reduce the emissions from ground support vehicles. Such projects will be crucial and will pave the way for airports and airlines to enhance ground-handling services in the future.
Asia-Pacific to Witness Highest Growth During the Forecast Period
Asia-Pacific region is anticipated to register the highest growth in the next few years, primarily due to the major investments by governments in China and India towards increasing the number of airports. Over the past few years, there has been a rapid increase in passenger traffic handled by airports in countries like China, India, Japan, and South Korea, among others. Due to this, the government and airport authorities in the region have announced significant investments in the construction and expansion of airports. For instance, in April 2022, the Ministry of Land, Infrastructure, and Transport of South Korea announced its plans to invest KRW 13.7 trillion (USD 10.97 billion) in constructing a new airport on Gadeok Island. The airport is expected to be an offshore airport (built on a floating structure at sea) and will cater to the growing air traffic demand in the country's southeast region.
Similarly, in February 2022, Adani Airport Holdings, a subsidiary of the Adani Group and the Airports Authority of India, was constructing an airport in Navi Mumbai, Maharashtra, India, for USD 2.3 billion. The new airport would be one of the world’s few "greenfield" international state-of-the-art airports, contributing world-class facilities. It will likely have the capacity to handle 60 million passengers a year by 2030 when it reaches full capacity. Investments and developments as such are going to drive the growth of the aviation market and turn the aircraft tugs market in this region.
Aircraft Tugs Industry Overview
The aircraft tugs market is fragmented, with several players operating to cater to the business requirements of the end-users. Some of the prominent players in the market are Textron Inc. (Ground Support Equipment Inc.), Tinka Resources Limited (TLD), TREPEL Airport Equipment GmbH, Tronair, Inc., and John Bean Technologies Corp. Airlines and ground vehicle manufacturers work closely in developing new advanced vehicles that can improve ground operation, require lesser maintenance, enhance driver comfort, and emit less pollution. Also, manufacturers are trying to expand their product portfolio with new vehicles with different driveline capacities to cater to the demands of different airlines. For instance, in October 2022, Textron GSE launched its new TUG Endurance baggage tractor at the GSE Expo Europe event held at Le Bourget in Paris. Developments such as these are envisioned to affect the competitive landscape of the market.
Aircraft Tugs Market Leaders
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Textron Inc. (Ground Support Equipment Inc.)
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John Bean Technologies Corp
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Tronair, Inc.
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TREPEL Airport Equipment GmbH
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Tinka Resources Limited
*Disclaimer: Major Players sorted in no particular order
Aircraft Tugs Market News
- June 2023: Lokpriyo Gopinath Bordoloi International Airport launched its first electric vehicle tug to handle ground operations.
- April 2023: Air India announced that it would conduct operations with pilot-controlled tow tractors for Airbus A320 maneuvering at Delhi and Bengaluru airports as part of a strategy to reduce emissions.
Aircraft Tugs Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers/Consumers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Conventional
- 5.1.2 Towbarless
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5.2 Power
- 5.2.1 Diesel
- 5.2.2 Gas
- 5.2.3 Electric
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Brazil
- 5.3.4.2 Mexico
- 5.3.4.3 Rest of Latin America
- 5.3.5 Middle East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Textron Inc. (Ground Support Equipment Inc.)
- 6.2.2 John Bean Technologies Corp.
- 6.2.3 Tronair, Inc.
- 6.2.4 MULAG
- 6.2.5 LEKTRO, Inc
- 6.2.6 Tinka Resources Limited
- 6.2.7 TREPEL Airport Equipment GmbH
- 6.2.8 MOTOTOK
- 6.2.9 Airtug LLC
- 6.2.10 Kalmar Motor AB
- 6.2.11 Goldhofer AG
- 6.2.12 Fresia SPA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAircraft Tugs Industry Segmentation
A vehicle that uses external power to push an airport back from an airport gate is known as an aviation tug. The constructions of these vehicles are designed to move an airplane back and forth, pull an airplane between a hangar and a gate, and drag an airplane for repair. Tractors explicitly designed for this purpose may tow a wide variety of minor to enormous planes. Aircraft tugs are part of the aircraft ground support equipment and are used to move the aircraft in the hangar, ramp, and terminal areas at commercial airports.
The market is segmented by type and power. Based on type, the market is segmented into conventional and towbarless. Based on power, the market is segmented into diesel, electric, and gas. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The market sizing and forecasts have been provided in value (USD).
| Type | Conventional | |
| Towbarless | ||
| Power | Diesel | |
| Gas | ||
| Electric | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Mexico | ||
| Rest of Latin America | ||
| Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Rest of Middle East and Africa |
Aircraft Tugs Market Research FAQs
How big is the Aircraft Tugs Market?
The Aircraft Tugs Market size is expected to reach USD 5.14 billion in 2024 and grow at a CAGR of 7.25% to reach USD 7.29 billion by 2029.
What is the current Aircraft Tugs Market size?
In 2024, the Aircraft Tugs Market size is expected to reach USD 5.14 billion.
Who are the key players in Aircraft Tugs Market?
Textron Inc. (Ground Support Equipment Inc.), John Bean Technologies Corp, Tronair, Inc., TREPEL Airport Equipment GmbH and Tinka Resources Limited are the major companies operating in the Aircraft Tugs Market.
Which is the fastest growing region in Aircraft Tugs Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aircraft Tugs Market?
In 2024, the North America accounts for the largest market share in Aircraft Tugs Market.
What years does this Aircraft Tugs Market cover, and what was the market size in 2023?
In 2023, the Aircraft Tugs Market size was estimated at USD 4.79 billion. The report covers the Aircraft Tugs Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Tugs Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aircraft Tugs Industry Report
Statistics for the 2024 Aircraft Tugs market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft Tugs analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
