Market Size of Aircraft Tugs Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.14 Billion |
| Market Size (2029) | USD 7.29 Billion |
| CAGR (2024 - 2029) | 7.25 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Tugs Market Analysis
The Aircraft Tugs Market size is estimated at USD 5.14 billion in 2024, and is expected to reach USD 7.29 billion by 2029, growing at a CAGR of 7.25% during the forecast period (2024-2029).
The removal of COVID-19 restrictions has positively driven the delivery of new aircraft, the introduction of new routes, and increased flight movements. This is anticipated to drive the investments of airport ground handlers into new-generation ground support systems that reduce the turnaround time of the aircraft.
The construction of new airports, expansion of existing airports to increase passenger and cargo handling capacities, and privatization of airports are expected to drive the growth of the market during the forecast period.
The current plans of airports to decrease their carbon footprint have accelerated the deployment of electric tugs, and the integration of advanced technologies like remotely operated pushback tugs also offers safe and efficient management of an airport. Such green initiatives by airport operators are expected to accelerate the market's growth in the coming years.
