Rising Investment in Airport Projects Boost Airport Fueling Equipment Market Growth
According to our new research study on "Airport Fueling Equipment Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Tanker Capacity, Aircraft Type, and Power Source," the market was valued at US$ 184.8 million in 2022 and is projected to reach US$ 287.4 million by 2030; it is expected to record a CAGR of 5.7% from 2022 to 2030.
According to several aviation sources, to meet the air passenger demand, huge capital investment is required from various countries in greenfield airports and expansion of existing airport infrastructure. More than ~ US$ 2 trillion in total capital investment is expected to be required between 2021 and 2040. Such a huge capital investment requirement for the airport construction project will drive the demand for new fueling equipment to supply the fuel at the required time. Thus, the rising investment in airport projects is a key driving factor for the airport fueling equipment market growth.
Airport Fueling Equipment Market Share — by Region, 2023
Airport Fueling Equipment Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Tanker Capacity (Below 5,000 Liters; 5,000–20,000 Liters; and Above 20,000 Liters), Aircraft Type (Civil Aircraft and Military Aircraft), and Power Source (Electric and Non-Electric)
Airport Fueling Equipment Market Report – Size & Share 2030
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The airport fueling equipment market share is segmented on the basis of tanker capacity, aircraft type, power source, and geography. In terms of tanker capacity, the market is categorized into below 5,000 liters, 5,000-20,000 liters, and above 20,000 liters. Based on aircraft type, the airport fueling equipment market share is bifurcated into civil aircraft and military aircraft. In terms of power source, the market is divided into electric and non-electric. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Garsite, Titan Aviation, Fuel Proof Ltd, Esterer GmbH & Co, BETA Fueling Systems, Stokota, Air BP, Total Energies, and Gaussin are among the key market players profiled during the market study.
Airport fueling equipment with a tanker capacity of below 5,000 liters is used for smaller airports or for refueling small aircraft with lower fuel requirements. These compact and mobile fueling units are designed to provide efficient and convenient fueling services in areas where larger fueling equipment is not practical or necessary. Mobile refueling units are self-contained fueling systems with a small tanker capacity, typically ranging from 1,000 to 4,000 liters. They are mounted on trailers or trucks, allowing for easy mobility and versatility in providing fueling services. The specific capacities and designs of airport fueling equipment can vary based on equipment manufacturers and requirement of the airport. The use of smaller fueling equipment with below 5,000 liters tanker capacity is beneficial for providing efficient and cost-effective fueling services to general aviation and small regional aircraft.
Garsite, Titan Aviation, Fuel Proof Ltd, Esterer GmbH & Co, BETA Fueling Systems, Stokota, Air BP, Total Energies, Gaussin Emerson Electric Co., and Dr Ing. Ulrich Esterer GmbH & Co Fahrzeugaufbauten und Anlagen KG are among the key airport fueling equipment market players profiled during this study. In addition to these players, several other important companies were studied and analyzed during this market research study to get a holistic overview of the global airport fueling equipment market.
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