Aircraft tractors are used in the aviation sector as an important component of airport ground support. It aids in vital airport operations such as moving the aircraft at its designated location. Low profile tractors serve the maintenance activities on the aircraft around. Such activities are increasing the demand for aircraft tractors. The suitability of these tractors for a wide range of aircrafts acts as a major growth driver in the market. Surge in the number of air travelers positively influences the progress of the market.
The manufacturers of aircraft tractors are introducing improvements in the tractors to enhance attributes such as reliability and safety which are much demanded in the aviation sector. Owing to the rise in the adoption rate of air travel for recreational and business purposes, the air travel sector continues to flourish, thereby propelling the aircraft tractor market ahead. The major demand for these tractors comes from the ground handling business on the back of enhanced operational efficiency and decreased operating cost. Diesel-electric tow trucks for airplanes are widely used across the aviation sector for pulling the aircraft to the runways. With no operation of the motor during this movement, aircraft tractors save the aviation fuel, generating profits in the aircraft business.
Eco-Friendly Solutions Gain Preference
To further strengthen this fuel-saving factor, market players are focused on developing advanced and nature-friendly solutions. The market players are collaborating with their counterparts to expand their global presence. European and North American players based in Asia are known to lead the market with advanced technology. Manufacturers are leveraging sophistication in technology to develop cost-effective and flexible aircraft tractors that enhance the time-efficiency and efficacy of the tractors.
Conventional tractors are the most commonly used tractor types, accountable for generating major revenue in the market. Towbarless tractors are gaining rapid traction in the market, positively influencing its adoption rate. While military end-use creates growth prospects for the market players, it is the civil aviation sector that is projected to capture major market share owing to its rapidly expanding nature. The aircraft tractor market can be broadly classified into prominent sales channel types which are aftermarket and OEM.
Restrained Growth During COVID-19 Pandemic
The aircraft tractors market is witnessing a halt in manufacturing and revenue generation during the COVID-19 pandemic. These developments come on the back of restricted air travel. Ban on the operation of domestic and international flights has inversely impacted the progress of the aircraft tractors market. Experts suggest this halt in progression to be for the short term and indicate the revival of aviation activities after the lockdown in different countries ends.
The global aircraft tractors market can be segmented into major geographical regions including Latin America, North America, Eastern Europe, Western Europe, Japan, Asia Pacific, Middle East, and Africa. Europe and North America lead the global aircraft tractors market. The stringent government regulations in these regions compel the manufacturers to develop eco-friendly solutions, imparting these regions an upper hand in terms of growth.
Aircraft tractors market in the Asia Pacific is growing at a fast pace with growth in the government investments on airports of scaling economies such as China and India. The high replacement rate of old machinery in the aviation sector accounts for the progressing aircraft tractor market in the Middle East and Africa. Other regions such as Japan, the United States, and the United Kingdom are also witnessing significant growth in the aircraft tractors market in the light of surged expenditure on aircraft ground vehicles.
Major players profiled in the global aircraft tractors market are Goldhofer AG, Weihai Guangta, TREPEL Airport Equipment GmbH, Charlatte Manutention, Fresia SpA, Nepean and Lektro Inc.
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