Aircraft Hangar Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Aircraft Hangar Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Aircraft Hangar Market

The aircraft hangar market size was valued at USD 703.0 million in 2021, and the market is now projected to grow from USD 720.3 million in 2022 to USD 1,000.6 million by 2029, exhibiting a CAGR of 4.81% during the forecast period of 2022-2029.

The COVID-19 pandemic and associated limitations disrupted the aviation industry's supply chain and made it difficult to build new airplane sheds in many locations due to these restrictions. Businesses felt economic droop and political conflict. Declining consumer confidence and customer spending had a detrimental impact on the market, distressing the stability of the credit and financial markets. Due to disruptions in supply chains at different locations, major construction corporations, related to airport authorities and national governments and agencies, re-modified or canceled their programs. This negatively affected the aviation industry and hampered aircraft hangar market growth.

The aircraft hangar market share globally has expanded due to the rising demand for transformation of air infrastructure worldwide. In light of the increase in air traffic, the architecture needs of airports will need innovation and advancement. Therefore, many nations have taken on new airport construction projects. Other countries have focused on renovation of existing infrastructure.

The trend is growing demand for inflatable and transferable hangars that are enhancing the market growth. The rising airport initiatives in developing countries are propelling demand for advanced repair sheds that can be built in a shorter time compared to traditionally constructed shelters. Such sheds also help form reducing the installation cost. With advancement in inflatable technology and the use of technical textiles, extendable hangars have found their utilization for all kinds of aircraft. These airdocks are sustainable and can defend against adverse weather conditions.

Comprehensive Analysis of Aircraft Hangar Market

The aircraft hangar market and aerospace & defence industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional assessment considering the dominant supply and demand forces that impact the aerospace & defence industry. These segmentations are methodically segregated by types, construction, aircraft, and platform. The types include MRO, Assembly, and storage. The constructions are fixed and portable. The aircraft involve wide body, narrow body, helicopters, and general aviation. The platform is commercial and military.

The North American region is conducive to the global aircraft hangar market, leading to a recall of USD 295.5 million because of the existence of numerous major companies and advanced infrastructure in the region.

The top players in the market play a vital role in the aerospace & defence industry assuring industrial prospectus growth and setting market standards. These players include Centrex Construction Inc.(U.S.), ClearSpan Fabric Structures Inc. (U.S.), HTS Tentiq GmbH (Germany), AECOM Technology Corporation (U.S.), Fulfab Inc. (U.S.), Buildair Ingeniería y Arquitectura S.A (Spain), Rubb Building Ltd (U.K.), Allied Steel Buildings Inc.(U.S.), Strucsteel Ltd (U.K.), and J B Roche Ltd (Ireland), these market players provide a level-playing competitive landscape.

In September 2022, Mc Laughlin and Harvey won a contract to design and build a new aircraft hangar at Farnborough. The development will increase storage space available to customers.

Segmentation Table

Global Aircraft Hangar Market Scope

ATTRIBUTE DETAILS

Study Period 2018-2029

Base Year 2021

Estimated Year 2022

Forecast Period 2022-2029

Historical Period 2018-2020

Unit Value (USD Million)

Segmentation By Type, Construction, Aircraft, Platform, and Geography

By Type

MRO

Assembly

Storage

By Construction

Fixed

Portable

By Aircraft

Wide Body

Narrow Body

Helicopters

General Aviation

By Platform

Commercial

Military

By Geography

North America (By Type, Construction, Aircraft, Platform, Country)

U.S. (By Aircraft)

Canada (By Aircraft)

Europe (By Type, Construction, Aircraft, Platform, Country)

U.K. (By Aircraft)

Germany (By Aircraft)

France (By Aircraft)

Italy (By Aircraft)

Rest of Europe (By Aircraft)

Asia Pacific (By Type, Construction, Aircraft, Platform, Country)

China (By Aircraft)

India (By Aircraft)

Japan (By Aircraft)

Australia (By Aircraft)

Rest of Asia Pacific (By Aircraft)

Rest of the World (By Type, Construction, Aircraft, Platform, Sub-Region)

Latin America (By Aircraft)

Middle East and Africa (By Aircraft)

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