Aircraft Hangar Market 2023 | Size, Growth, Trends, Demand and Forecast by 2028

The latest report by IMARC Group, titled “Aircraft Hangar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global aircraft hangar market size reached US$ 732.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 971.17 Million by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.

An aircraft hangar is an essential infrastructure facility designed to house and protect aircraft from the elements, providing shelter and maintenance support. These structures are essential for the aviation industry to ensure the safety and operational efficiency of aircraft. They are available in various sizes and configurations to accommodate several types of aircraft, from small private planes to large commercial airliners. They are typically constructed with sturdy materials, including steel and concrete, to withstand weather conditions and offer improved protection. They shield aircraft from adverse weather conditions such as rain, snow, hail, and extreme temperatures and prevent damage to the aircraft’s exterior, avionics systems, and critical components, ensuring their longevity and operational readiness. They also offer a controlled environment for maintenance and inspections, allowing mechanics and technicians to work on the aircraft without exposure to the elements. Nowadays, aircraft hangars help safeguard aircraft from unauthorized access and potential security threats, which is especially essential for military and sensitive aviation operations.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/aircraft-hangar-market/requestsample

Aircraft Hangar Market Trends and Drivers:

The aircraft hangar market is primarily driven by the rising aviation industry. In addition, the increasing passenger demand and cargo transportation needs led to the escalating demand for aircraft hangars. Also, many airlines are modernizing their fleets to incorporate newer, more fuel-efficient aircraft. As a result, older hangars may not be equipped to accommodate these larger and more advanced planes, prompting the construction of new, advanced hangars and augmenting the market growth. Moreover, aircraft require regular maintenance and repairs to ensure they remain airworthy and safe, representing another major growth-inducing factor. Hangars are essential for these activities, providing a controlled environment where maintenance can be carried out efficiently, resulting in airlines and maintenance companies investing in hangar facilities. Along with this, several technological advancements and the development of modern hangars equipped with advanced technologies such as climate control systems, fire suppression, and security systems enhance the functionality and efficiency of hangars, making them attractive investments and propelling the market growth. Furthermore, several governments have initiated programs to support the aviation industry, including infrastructure development, often including funding for the construction of hangars, further creating a positive market outlook.

Report Segmentation:

The report has segmented the market into the following categories:

Product Insights:

Portable Installation Hangar
Fixed Installation Hangar

Construction Insights:

Steel Construction
Wood Construction
Fabric Construction

Application Insights:

Commercial
Military

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Allied Steel Buildings Inc.
Big Top Manufacturing Inc.
BlueScope Construction, Inc.
DIUK Arches Ltd.
Erect-A-Tube Inc.
Fulfab Inc.
HTS TENTIQ GmbH
J & M Steel Solutions Inc.
John Reid & Sons (Strucsteel) Ltd.
Rubb Buildings Ltd. (Zurhaar AS)

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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