Aircraft tugs can be found in every hangar and airport throughout the world. Their properties are determined by their function. Pushback is an airport operation in which an aircraft is pushed backwards from its parking location, typically at an airport gate, by external power. Pushbacks are performed by low-profile vehicles known as pushback tractors or tugs. Towbarless pushback tugs outperform traditional tractor tugs in pushback operations because they are significantly faster to attach and disconnect and provide much greater mobility by eliminating the awkward tow bar. The development of new technologies in aircraft tugs, which provide safe and effective airport management, is estimated to fuel the growth of the aircraft tugs market over the forecast period. The worldwide aircraft tugs market has been spurred even further due to increasing investment for the development of electric aircraft tugs. Electric fuel aircraft tugs are gaining traction in the global market. With a growing emphasis on electric vehicles due to their lower environmental impact, replacing diesel tugs with electric tugs is advantageous, both economically and ecologically, and is also expected to contribute towards the growth of the global aircraft tugs market over the forecast period.
In terms of revenue, aircraft tugs market was valued at US$ 3859.76 Mn in 2020 growing at a CAGR of 6.1% over the forecast period (2021 – 2029). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
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Increasing Investment in Electric Tugs Innovation Drives Market Growth
Growing focus of the industry players towards electric aircraft tugs with the favourable government regulations is a major factor driving the growth of global aircraft tugs market. An electric aircraft tug releases no emissions and deliver highly precise and smooth movements in operations by utilising its uninterrupted torque. Over traditional tugs, an electric aircraft tug provides a number of advantages and equivalent qualities, including reduced fuel and maintenance costs, contribution to corporate sustainability initiatives, improved turnover rates, along with improved agility and mobility. New product releases and the presence of prominent industry competitors are expected to drive the growth of aircraft tugs market during the forecast period. Textron Ground Support Equipment Inc., for instance, announced the launch of its new TUG 660 Li belt loader in October 2021, which is driven by a high-performance lithium-ion electric drivetrain and provides quiet, energy-efficient, and low-cost operation. Textron GSE introduced TUG 660 Li, the latest result of its initiative to reduce product environmental effect.
Growing demand for Cargo aircraft in the recent decades
According to the International Air Transport Association (IATA) Air Cargo Market Analysis for 2020, the cancellation of passenger flights across all regions as a result of the COVID-19 crisis has had a significant impact on international belly cargo capacity in recent months. In March 2020, international belly cargo capacity had decreased by 43.7 percent year on year. In contrast to the negative impact COVID-19 had on commercial aviation, the pandemic has increased demand for dedicated cargo planes, addressing customers' growing reliance on aerial delivery and online commerce. Also, some international players play an important role in pandemics in order to accommodate international markets. For instance, IAI has converted wide-body passenger planes into cargo jets and has obtained more contracts for 2020, securing more conversions for its rising international operation. Commercial aircraft application segment is expected to be the fastest growing segment in the aircraft tugs market over the forecast period due to increasing demand from the emergency pharmaceutical and retail product transportation.
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Impact of Covid-19 on the Global Aircraft Tugs Market
On March 11th, 2020, WHO declared the novel coronavirus disease-2019 (COVID-19), a global pandemic. The short-term effects of the COVID-19 pandemic included changes in demand, regulatory revisions, and changes in the aircraft demand globally. The COVID-19 pandemic had a significant impact on the aviation and aerospace industries, which rely on commercial passenger travel. While passenger traffic fell and 40 percent or more of the passenger fleet was parked for much of recent decades, most cargo freighters remained in service with even higher levels of utilisation, aided by a dramatic drop in belly cargo capacity. Furthermore, major players have opportunities to expand its businesses for vaccines distribution worldwide. Similar surge in aircraft operations showcases positive growth prospects for global aircraft tugs market over the future years.
Some of the players operating in the aircraft tugs market are Aero-Tow, AIRCRAFT-TUGS LLC, Airtug, BestTugs, Eagle Tugs, JBT, LEKTRO, Inc, Lindbergh Aircraft Tug Company, Mototok, Powertow.com, Priceless Aviation Products, SMARTech Industries, LLC, Textron Ground Support Equipment Inc., TowFLEXX Inc, and Tronair amongst other market participants.
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Global Aircraft Tugs Market:
- By Type
- Towbar Aircraft Tugs
- Towbarless Aircraft Tugs
- By Fuel Type
- Diesel
- Electric
- Gas
- By Towing Capacity
- Up to 60,000 lbs
- 60000 lbs to 120000 lbs
- More than 120000 lbs
- By Application
- Military Aircrafts
- Commercial Aircrafts
- Civil Aircrafts
- Others
- By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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