Global Aircraft Hangar Market: Overview
The global aircraft hangar market is expected to grow at a remarkable rate due to the increase in the number of flights as per the rising number of passengers all over the world. Because of the easy and high speed of travel that airplanes offer, there is more demand for people opting for flights both for commercial as well as for leisure purposes. The increase in the number of airbuses has propelled the market for aircraft hangars all over the world. Aircraft hangars are closed building structures in order to hold aircraft. They are usually built of wood, metal or concrete and are used for protecting the aircrafts against rain or wind, sun or storm. Aircrafts are assembled, stored and repaired in the hangars.
On the basis of product, the global aircraft hangar market is segmented into portable installation hangar and fixed installation hangar. Out of these, it is seen that the fixed installation hangar segment accounts for more share as compared to that of their portable installation counterpart. However, portable installation hangars are likely to overpower the market during the forecast period due to the increasing demand for aircraft hangars and lack of time to construct fixed installation hangars in less time.
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Global Aircraft Hangar Market: Trends and Opportunities
Various airline operators and government initiatives are focusing on elaborating the designs of terminal hub airports and regulating the need for rehabilitation and facility up gradation all over the world. Aircraft accommodation capacity is also in the rising need for multiplication and this has effected in the acceleration of number of airport construction projects. As a result of these infrastructural development projects such as airport construction, there is obtainment of both fixed and portable hangars. Thus there is an increase in the number of airport construction that is most likely to propel the aircraft hangar market in the years to come.
However, the market may have to face challenges in terms of design and construction restrictions. However, the technological advancements in terms of airport services and parking along with repair and reassembling of parts and others are expected to propel the market for aircraft hangar in the long run.
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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Global Aircraft Hangar Market: Competitive Landscape
The competitive landscape of the market is highly fragmented due to the presence of a large number of companies. Along with that, companies are also trying partnership strategies among MRO service providers so that they can achieve its maturity phase sooner and henceforth get exposed to new opportunities. Top companies playing major role in the global aircraft hangar market are Rubb Buildings, Diuk Arches, AECOM, Fulfab, and Alaska Structures.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications
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