Aircraft Jack Market Forecasts to 2030 – Global Analysis By Product Types (Bottle Jacks, Wing Jacks, Axle Jacks, Tripod Jacks and Other Product Types), Lifting Capacity, Aircraft Type, End User and By Geography

Aircraft Jack Market Forecasts to 2030 – Global Analysis By Product Types (Bottle Jacks, Wing Jacks, Axle Jacks, Tripod Jacks and Other Product Types), Lifting Capacity, Aircraft Type, End User and By Geography

According to Stratistics MRC, the Global Aircraft Jack Market is growing at a CAGR of 5.2% during the forecast period. Aircraft jacks are mechanical or hydraulic devices made specifically to raise aircraft for maintenance and repair tasks. Their main purpose is to lift the airplane off the ground so that the undercarriage, landing gear, engines, and other parts are accessible. There are several types of aircraft jacks available, including tripod jacks, axle jacks, wing jacks, and bottle jacks. Depending on the aircraft type and the task at hand, each type serves a distinct purpose. For aviation maintenance facilities, aircraft producers, and airline operators, these jacks are crucial pieces of gear.

According to the International Air Transport Association (IATA), the COVID-19 crisis reduced airline passenger revenues by USD 314 billion in 2020, a 55% decline compared to the revenue recorded in 2019.

Market Dynamics:

Driver:

Increasing air travel

Airlines are expanding their fleets to keep up with the increased demand for travel as a result of the growing number of passengers, particularly in emerging nations. A further factor driving up demand for aircraft jacks is the rising global fleet of aircraft, which includes business, military, and commercial aircraft. The introduction of new aircraft models equipped with advanced technologies necessitates the use of sophisticated aircraft jacks capable of handling specific requirements.

Restraint:

Installation of airplane jacks is quite difficult

The maintenance engineer must adhere to the safety process in order to keep the aircraft in good condition and avoid accidents. The installation and removal of the aircraft jack is difficult due to safety precautions such not aligning the jack under the aircraft by pounding the jack legs, avoiding laying hands on top of the jacks when lowering it, and modifying the nose stand for stability. Therefore, jacking is carried out by skilled experts. Over the anticipated period, the market is projected to be constrained by the complexity of aircraft jacking.

Opportunity:

Technological advancements

Continuous improvements in aviation jack technology, such as the creation of electric and automated jacks, give businesses the chance to provide the market with more effective and user-friendly solutions. Aircraft jack suppliers may be able to increase their market presence and gain long-term contracts through working with aircraft manufacturers, maintenance service providers, and airlines. This is the element driving the market's expansion.

Threat:

Expensive initial investment

The adoption of aircraft jacks is constrained by the high cost of purchasing them and the necessary equipment, particularly for small aviation repair facilities. Aircraft jacks must be operated by qualified persons, and their effective use may be hindered by a shortage of specialists with the necessary training. To maintain their safe and reliable functioning, they must go through routine maintenance and certification, which raises the overall operating expenses and restricts market expansion.

Covid-19 Impact:

Governments all around the world were forced to enforce stringent lockdowns and ban the import and export of raw materials for the majority of 2020 and a few months in 2021 as a result of the epidemic. As a result, the supply of essential raw materials needed to make smart weapons rapidly decreased. Additionally, the nationwide shutdown forced factories that make smart weaponry to partially or completely shut down operations. The epidemic has significantly slowed down activities and efforts related to the creation of cutting-edge smart weapons.

The pneumatic segment is expected to be the largest during the forecast period

The pneumatic segment is expected to be the largest during the forecast period. Compressed air is used to power these jacks. Because they don't move liquid, pneumatic jacks are often less expensive and easier to use than their hydraulic counterparts. Additionally, compared to hydraulic leakage, pneumatic leaks provide less of a concern. Pneumatic jacks are anticipated to expand at a quicker rate during the course of the projected period due to their simplicity in lifting weight.

The civil aviation segment is expected to have the highest CAGR during the forecast period

The civil aviation segment is expected to have the highest CAGR during the forecast period. This is due to the rise in the number of commercial aircraft globally and growing spending on their maintenance and repair. Emerging countries are witnessing a significant demand for civil aircraft. These commercial aircraft require periodic maintenance, which, in turn, is likely to propel the demand for aircraft jacks.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. The region's expansion is being driven by increased commercial air transportation. The growth is attributed to the complete mechanization of industries and matured industrialization in the region. The U.S. is a key market in North America, due to high demand for hydraulic jacks in the country.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period, due to rapid industrialization. Worldwide growth in air travel has increased the size of the aircraft fleet, which in turn has increased the need for aircraft jacks to enable prompt maintenance and repair work. Additionally, the area has expanded its military aircraft spending, which is expected to be positive for the expansion of aircraft jacks.

Key players in the market

Some of the key players in Aircraft Jack market include Makro Aero, Malabar International, Dedienne Aerospace, Langa Industrial, S.A., Solair Group, LLC., GSE Composystem, ColumbusJACK/Regent, Semmco Limited, Chiarlone Officine, Stertil-Koni and Hydro Systems Kg.

Key Developments:

In April 2023, BlueNord, has entered into a strategic partnership with Semco Maritime. In addition, BlueNord has submitted a licence application for acreage containing the gas discovery Elly-Luke in the Danish part of the North Sea, and as such will participate in the Danish Ministry of Climate, Energy and Utilities' upcoming mini-round of licencing.

In March 2023, Stertil-Koni launched a new partnership with Federal Contracts Corp. to advance the sale of heavy-duty vehicle lifts to government agencies, the company announced March 20.

Product Types Covered:
• Bottle Jacks
• Wing Jacks
• Axle Jacks
• Tripod Jacks
• Other Product Types

Lifting Capacities Covered:
• Above 100 tons
• 50 to 100 tons
• Up to 50 tons

Aircraft Types Covered:
• Business and General Aviation Aircraft
• Military Aircraft
• Commercial Aircraft
• Other Aircraft Types

End Users Covered:
• Maintenance, Repair, and Overhaul (MRO) Facilities
• Aircraft Manufacturers
• Airlines
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Companies Mentioned
Makro Aero
Malabar International
Dedienne Aerospace
Langa Industrial, S.A.
SOLAIR GROUP, LLC.
GSE Composystem
ColumbusJACK/Regent
Semmco Limited
Chiarlone Officine
Stertil-Koni
Hydro Systems Kg