This Aircraft Hangar Market Report May Shock You

A recently released report entitled “Aircraft Hangar Market Size: Share Projections for 2023-2030” provides insight into what could be one of the most substantial aviation-related markets of our time. The full report is 115 pages and offers a deep dive investigation into regions, and applications, including commercial aircraft, air carriers, military aviation, and types of hangars. Types of examined hangars range from suspension strap structures to column-free structures as well as many other types of designs.

Aircraft Hangar Market Research for Stakeholders

The main objective of this comprehensive report is to provide research and analysis outlining aircraft hangar market research for stakeholders, vendors, and others active within a growing industry. The aircraft hangar market is forecasted to expand annually by substantial margins on a yearly basis. The detailed report highlights major players in the aircraft hangar manufacturing space.

The list found in the report is reproduced below:

•Aveiro Constructors Limited

•Olympia

•Fulfab

•Global Steel Buildings

•Rubb

•Tower Steel Buildings

•Norseman Structures

•Rocket Steel Canada

•Prestige Contracting

•Integrity Post Structures

Short or Long-Term Storage of Aircraft

An aircraft hangar is simply an enclosed building or structure that is constructed of metal, wood, and concrete to house and protect an aircraft. Hangars are intended primarily for protection from the weather, harsh sunlight, maintenance, repair, manufacture, assembly, short or long-term storage of aircraft, and housing even boats and motor vehicles. They have a long history in aviation and have and will continue to play a vital role in modern aviation.

Worldwide Aircraft Hangar Market

Specific market value in terms of millions of dollars (USD) can be a moving target. However, one clear thing is that the worldwide aviation hangar market is anticipated to grow steadily and at a considerable pace during the report’s forecast period of 2023 to 2030. In 2022 alone, the market expanded at a remarkable rate. And with the rising interest by major players in the space, the market is expected to continue to charge ahead in the coming years.

Regions

The report breaks down the top regions leading the way in the lucrative aircraft hangar market:

•North America (United States, Canada, and Mexico)

•Europe (Germany, UK, France, Italy, Turkey, and others)

•Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)

•South America (Brazil, Argentina, Columbia, and others)

•Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Projections

The global aircraft hangar market is projected to grow in value from $720 million in 2022 to a billion dollars by 2029, at a CAGR of 4.81% in the forecast period.

Inflatable Hangars

Equally impressive is the fact that there is a steady initiative throughout many developing countries driving increasing hangar demand. The goal is to build aircraft hangars in a shorter time compared to more traditional hangar construction methods and materials. One example of this is an initiative in Hyderabad, India, where inflatable hangars are being tested and installed. This type of unique construction strategy is vital to the growth being experienced throughout the Asia Pacific region, where passenger traffic data continues to impress.

Advancements in Inflatable Technology

Custom and highly innovative technical textiles are being incorporated into hangar construction, leveraging recent advancements in inflatable technology. The result is structures with substantially high utility. Everything from drones to general aviation aircraft and commercial aircraft, as well as even military airplanes, enjoy excellent levels of protection using this technology. These modern solutions are being applied globally in both small regional airports in addition to massive and complex international airports.

Portable Hangars

A portable aircraft hangar is a unique and modern structure intended to provide shelter and protection for various types of aircraft. These hangars can be easily and quickly transported, assembled, and disassembled as necessary. They are typically manufactured from lightweight and durable materials like steel, aluminum, or fabric and are engineered to withstand a range of mild to severe weather conditions.

Reliable Temporary Shelter

They provide a highly secure and safe environment for aircraft storage and maintenance. Portable hangars serve several purposes, such as an ideal temporary shelter. In this case, they are employed at airfields or remote locations where permanent structures are not available or practical. Portable aviation-related hangars are set up quickly and provide reliable temporary shelter for aircraft and equipment. They are also frequently used for aircraft maintenance and repairs as well as in emergency situations, such as would be the case with disaster relief or military operations. They are flexible and highly cost-effective.

Major Infrastructure Overhauls

Finally, a clearly defined increase in demand for airport infrastructure modernization is perhaps the most significant driving force globally for new and innovative aviation-type hangars. Many estimates suggest that the worldwide demand for air transportation will grow by over 4.0% annually over the next two decades. This will undoubtedly call for major infrastructure overhauls across the globe. Fortunately, emerging aircraft hangar technology will be at the forefront of this paradigm shift.