The report finds that conventional towbar mechanism continues to be the preference for the aviation industry; however, the status quo is undergoing a change owing to proliferation of electric aircraft towbars. Despite preeminence of conventional aircraft towbar in terms of volume, electric aircraft towbar is set to register approximately 2X sales growth than the former through 2028.
[USPRwire, Tue Mar 12 2019] The report finds that conventional towbar mechanism continues to be the preference for the aviation industry; however, the status quo is undergoing a change owing to proliferation of electric aircraft towbars. Despite preeminence of conventional aircraft towbar in terms of volume, electric aircraft towbar is set to register approximately 2X sales growth than the former through 2028. The report finds that corded electric aircraft towbars are being steadily replaced by cordless variants. Additionally, advancements in battery technology, from lead-acid to lithium-ion, has further complemented development and sales of electric variants in the aircraft towbar market recently.
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The sluggishness in the aircraft towbar market continues in 2018 as well, with global demand likely to grow by just 44 units over 2017. According to a new Fact.MR study, a combination of multi-pronged factors, ranging from concerns about ground support inefficacy to rising procurement costs is likely to impact the prospects of the market.
“Prevalence of diesel aircraft towbar continues to remain the mainstay of airport and airline operations, however remotely operated aircraft tug are soon likely to replace these conventional equipment. Enormous improvement in efficiency, manpower, environmental footprint, and productivity are key aspects complementing the permeation of remotely controlled aircraft tugs, thereby impeding demand for aircraft towbar as a consequence. In addition, the trend from towbar to towbarless is further expected to confine growth prospects of the aircraft towbar market in the forthcoming years,” says a lead analyst at Fact.MR.
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The report provides a systematic representation of important segments in the aircraft towbar market, with the help of a taxonomy table. The aircraft towbar market is primarily segmented in terms of product type, material type, aircraft type, tow-head type, towbar mechanism, and region. Multi-head aircraft towbar and standard/universal aircraft towbars are key product type segments analyzed in the aircraft towbar market. The report classified the materials used for production of aircraft towbars into aluminum and steel. Aircraft types analyzed in the aircraft towbar market include executive jet, civil aircraft, cargo aircraft, and military aircraft. Shear pin and clamp are the two tow-head types examined in the aircraft towbar market. The report segments the towhead mechanism of aircraft towbars into conventional and electric. The report has categorized the aircraft towbar market regionally into CIS & Russia, Japan, Middle East & Africa, Asia-Pacific excluding Japan, Europe, Latin America, and North America.
Fact.MR’s report on the aircraft towbar market offers holistic intelligence on demand and supply trends of aircraft towbar worldwide, along with an in-depth assessment on the aircraft towbar market’s competitive landscape. Comprehensive data on prominent as well as emerging aircraft towbar manufacturers has been offered, along with analysis on their company overview, product overview, key financials and key developments. Key aircraft towbar market players profiled in the report include Tronair, Brackett Aircraft Company Inc., K&M Airporttechnik, Techman-Head Group, and others.
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