The airport fueling equipment 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 grow at a CAGR of 5.7% from 2022 to 2030.
Analyst Perspective:
The aviation industry is maturing at a rapid rate over the years, recording a significant number of production and deliveries of aircraft (commercial and military) fleet, which are boosting the airport fueling equipment market growth. The commercial aviation industry is on a tremendous rise over the past few years with the emergence of low-cost carriers (LCCs) and expansion strategies of fleet adopted by the full-service carriers (FSCs). These two factors have showcased massive order volumes on various commercial aircraft manufacturers across the world. Commercial aviation is foreseen to surge in the coming years with an increase in air travel passengers and aircraft volumes. This factor is anticipated to drive the number international flights, thereby boosting the growth of the airport fueling equipment market
Airbus and Boeing are the two aircraft manufacturing giants with significantly higher volumes of orders and delivery statistics in the airport fueling equipment market. These two aircraft original equipment manufacturers (OEMs) are continuously encountering orders for various aircraft models from different civil airlines. The table below highlights the comparison of orders and deliveries from Airbus and Boeing during 2020–2022:
Years | 2020 | 2021 | 2022 | |||
Commercial Aircraft | ||||||
Aircraft Manufacturers | Boeing | Airbus | Boeing | Airbus | Boeing | Airbus |
Orders | 184 | 383 | 909 | 771 | 935 | 1078 |
Deliveries | 157 | 566 | 340 | 609 | 480 | 661 |
The tremendous rise in procurement of aircraft by Boeing and Airbus is one of the most important driving factors for the growth of the airport fueling equipment market. As with the increasing number of aircraft and airports, the demand for fueling equipment will also rise.
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Airport Fueling Equipment Market: Strategic Insights
Market Size Value in US$ 184.8 million in 2022 Market Size Value by US$ 287.4 million by 2030 Growth rate CAGR of 5.7% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Airport Fueling Equipment Market: Strategic Insights
| Market Size Value in | US$ 184.8 million in 2022 |
| Market Size Value by | US$ 287.4 million by 2030 |
| Growth rate | CAGR of 5.7% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Market Overview:
The airport fueling equipment market offers a range of specialized equipment and solutions to facilitate the safe and efficient refueling of aircraft at airports. This type of equipment includes fuel trucks/tankers, fuel dispensers, fuel storage tanks, fuel filter carts, and ground fueling equipment. The reliable functioning of such equipment ensures the smooth operations of airports and airlines.
The rising development of airport infrastructure is contributing to the growth of the airport fueling equipment market. Airports are experiencing an increase in demand for more efficient and reliable fueling operations to accommodate higher air traffic volumes. This has encouraged governments of various countries to focus on modernizing and expanding airport infrastructure, including fueling facilities. Manufacturers and suppliers in airport fueling equipment market are encouraged to offer cutting-edge solutions to meet the growing requirement of modern airports and contribute to the efficiency and sustainability of the aviation industry.
Market Driver:
Rising Investment in Airport Projects Boosting the Airport Fueling Equipment Market Growth
The worldwide airport count has been rising to cater to a maximum number of airlines and passengers, owing to which investment in expanding the existing airports with new terminals and constructing new airports has also bolstered. As a result, there is a significant demand for new airport fueling equipment. Rising investment in new airports is one of the major driving factors of the airport fueling equipment market. As per the Airport Consultants Council, the US alone will require an investment worth ~ US$ 138 billion over the next five years starting from 2020.
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Segmental Analysis:
Airport fueling equipment market is segmented into various tanker capacity on the basis of specific needs and requirements of the airport and the size of the aircraft fleet it serves. The tanker capacity determines the amount of fuel that can be delivered to aircraft during each refueling operation. The selection of the appropriate tanker capacity is based on factors such as the average fuel consumption of the aircraft served, the frequency of refueling operations, and the airport's fueling infrastructure and storage capacity. Properly sized fueling equipment ensures efficient and timely refueling operations while minimizing downtime. All these factors contribute to the airport fueling equipment market share.
Airport fueling equipment with tanker capacities ranging from 5,000 to 20,000 liters is one of the growing segments of the airport fueling equipment market. Such equipments are used at medium-sized airports and is well-suited for refueling a variety of aircraft, including regional jets, small commercial airliners, and business jets. These fueling units are designed to provide efficient and reliable fueling services while meeting the specific requirements of the airport and its aircraft fleet. Jet refueler trucks are commonly used at medium to large airports and have tanker capacities ranging from 5,000 to 20,000 liters. These trucks are equipped with fuel dispensing systems, hoses, and nozzles to efficiently fuel aircraft on the airport apron. The selection of the appropriate airport fueling equipment with the suitable tanker capacity depends on factors such as the size of the airport, the number and types of aircraft served, fuel consumption rates, and the available fueling infrastructure. Efficient fueling equipment with optimal capacities ensures smooth and timely fueling operations, contributing to the overall efficiency and safety of airport operations. All such advantages are contributing to the airport fueling equipment market.
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Regional Analysis:
Global airport fueling equipment market share is segmented by region into North America, Europe, Asia-Pacific, Middle East, and Africa, South and Central America. The need to fuel larger planes such as cargo airplanes require advanced and higher-capacity fueling equipment capable of handling the higher fuel volumes. With the rise in e-commerce and global trade, there is a surge in demand for air cargo services, leading to more frequent cargo flight operations and increased fuel consumption. To support the increased frequency of flights, airports require reliable and efficient fueling equipment to cater to the growing demand.
Europe has one of the key regions in airport fueling equipment market, with a massive number of domestic as well as international flights operating on a daily basis. The consistent growth in air travel drives the demand for efficient and reliable fueling equipment at airports. In 2021, the European Union (EU) experienced a significant rebound in air travel after being severely impacted by the COVID-19 pandemic, as the total number of passengers reached 373 million; this reflects a remarkable increase of 34.9% compared to 2020. The highest surge in air passenger numbers was observed in Croatia, which experienced a remarkable increase of 129.4% in 2021 comparison to the previous year. Similarly, for the same period, Cyprus and Greece recorded substantial growth rates of 104.8% and 85.9%, respectively. Thus, the growing number of air passengers in Europe is driving the need for efficient, reliable, and technologically advanced airport fueling equipment, which is fueling the growth of the airport fueling equipment market.
Key Player Analysis:
Garsite, Titan Aviation, Fuel Proof Ltd, Esterer GmbH & Co, BETA Fueling Systems, Stokota, Air BP, Total Energies, Gaussin Emerson Electric Co., Dr Ing. Ulrich Esterer GmbH & Co Fahrzeugaufbauten und Anlagen KG are among the key airport fueling equipment market players operating in the market.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the global airport fueling equipment market. A few recent developments by key airport fueling equipment market players are listed below:
- In 2023, Titan Aviation has mounted Ireland's first 100% electric refueller at Kerry Airport. This zero-emission refueller will enable the airport to reduce its greenhouse gas emissions considerably.
- In 2023, The Stokota company planned to build new production halls in Elblag, Poland, to expand its activities. For that, it has finalized the purchase of approximately 4 ha of land for new investment from the Warmia and Mazury Special Economic Zone.
- In 2022, Titan Aviation signed a strategic agreement with AL Shirawi Enterprises to deploy innovative zero-emission solutions in the Middle East and reduce the environmental impact of ground support operations.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Tanker Capacity, Aircraft Type, and Power Source
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The small airports are witnessing increased traffic at their airports and experiencing fueling services problems to meet the requirements. For instance, according to one of the aircraft operators, most pilots or aircraft operators prefer Mossel Bay airport over George Airport to fuel the aircraft. Thus, due to long queues and waiting times in the refueling facility at George Airport. Such airports with small capacity can be a potential opportunity for the market players.
Commercial aviation is foreseen to surge in the coming years with an increase in air travel passengers and aircraft volumes. This factor is anticipated to drive the number international flights, thereby boosting the demand for new airport fueling equipment at airports.
Garsite, Titan Aviation, Esterer GmbH & Co, BETA Fueling Systems, and Total Energies top five key market players operating in the global airport fueling equipment market.
The key manufacturers in the market are focusing on developing all-electric refueling vehicles. Key fueling services providers such as Shell, Bp, World Fuel, and Envirotech Vehicles (EVTV), among others, are offering electric power fueling equipment to airports to decarbonize their operations and adopt sustainable practices.
North America heavily invests in commercial and defense sectors to address the increasing demand for aircraft fleets for international travel and defense strengthening. Additionally, as North America attracts numerous technological developments due to presence of prominent manufacturers, the demand for airport fueling equipment is growing rapidly in the region. With an increasing number of airports and aircraft, the demand for airport fueling equipment and services is also rising to ensure safe flight operations. Most of the countries in the region have a significant number of air flights and airports. The US dominates with ~13,513 airports, followed by Mexico with ~1,714 airports and Canada with ~1,467.
The List of Companies - Airport Fueling Equipment Market
- Garsite
- Titan Aviation
- Fuel Proof Ltd
- Esterer GmbH & Co
- BETA Fueling Systems
- Stokota
- Air BP
- Total Energies
- Gaussin Emerson Electric Co.
- Dr Ing. Ulrich Esterer GmbH & Co Fahrzeugaufbauten und Anlagen KG
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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