The global aircraft hangar market is set to gain momentum from the surging need to protect aircraft from windstorm, rain, and hailstorm. This information is given by Fortune Business Insights™ in an upcoming report, titled, “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.” The report further mentions that aircraft hangars vary from one another according to the size and type of the aircraft, such as business jets, military carrier, helicopter, wide-body aircraft, and narrow-body aircraft.

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How Did We Conduct Our Research?

The report involved four notable activities in projecting the current market size. Exhaustive secondary research was conducted to gather data about the parent and peer markets. Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous industry experts. We have also used bottom-up and top-down approaches to calculate the market size.

Report Aim & Scope:

  • An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
  • The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
  • The various parameters accelerating the growth of the market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the market during the forecast period.

A list of all the prominent aircraft hangar providers operating in the global market:

  • 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.)

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Drivers & Restraints-

Rising Modernization of Airports to Accelerate Growth 

The increasing number of commercial aircraft orders in developed regions is set to propel the aircraft hangar market growth in the forthcoming years. Besides, the rising development and modernization of airports in emerging economies would also aid growth. However, stringent aircraft hangar design standards may hinder growth. But, the high demand for relocatable and energy-efficient fabric aircraft hangars would boost growth.

Regional Insights-

Surging Demand for Commercial Airplanes to Favor Growth in Asia Pacific

Geographically, North America generated the largest aircraft hangar market share in 2019. This growth is attributable to the rising investments in airport modernization programs, presence of several renowned companies, and increasing number of airports in the region.

Asia Pacific, on the other hand, is anticipated to grow rapidly backed by the increasing number of new airport construction projects and surging traffic of air passengers in the region. At the same time, the rising demand for commercial airplanes in the region would boost growth. In Europe, the presence of a large number of aircraft hangar providers, such as Fulfab Inc. and Rubb Buildings Ltd. would augment growth.

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Competitive Landscape-

Key Players Focus on Partnerships and Acquisitions to Gain a Competitive Edge

The global market for aircraft hangars is fragmented with the presence of numerous companies. Most of them are trying to gain a competitive edge by participating in acquisition and partnership strategies. Below are the two latest industry developments:

  • May 2020: Rubb Buildings Ltd., headquartered in the U.K., signed a new contract with the Welsh government to develop and design an Aircraft MRO hangar.
  • June 2019: BUILDAIR finished constructing the world’s largest aircraft inflatable hangar with a capacity to hold the Boeing 777-200ER aircraft. It was designed by Saudia Aerospace Engineering Industries.

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By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

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