05-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Aviation Refueling Market By Type (Mobile Tankers, Hydrant Dispensers and Fueling Cabinets/Skids) and By Application (Defense and Commercial): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Aviation Refueling market in 2019 was approximately USD 2,290 million. The market is expected to grow at a CAGR of 3% and is anticipated to reach around USD 2,739 Million by 2026.
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Browse the full “Aviation Refueling Market By Type (Mobile Tankers, Hydrant Dispensers and Fueling Cabinets/Skids) and By Application (Defense and Commercial): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/aviation-refueling-market-by-type-mobile-tankers-hydrant-635
The need for reduction of time complexity by the aviation industry during refueling combined with stringent safety regulation and rising number of airplanes worldwide is anticipated to bolster the market in the coming years. Moreover, investment of defense and civil industry in the innovation of new refueling method is projected to fuel the market growth. However, the rising number of refueling accidents might hamper the market growth. Conversely, the growing demand for airplane fleet owing to the rise in the global population is expected to bring lucrative opportunities for the players dedicated to Aviation Refueling.
By type, Mobile Tankers held the major market share of approximately 42% in 2019, with annual revenue of USD 11,200 million. This segment is anticipated to grow during the forecast period owing to, the ease of use, cheaper price, high capacity and mobility of mobile tankers.
The defense sector in the application segment dominated the global aviation refueling market in 2019 with a market share of around 62% and revenue of approximately USD 16,500 million. The defense sector is anticipated to grow even more in the forecast period owing to the rise in jetfighter, carrier and helicopter fleets globally.
North American region held the largest market share of the global aviation refueling market and it is anticipated that it will continue its dominance throughout the forecast period. The North American region was valued at USD 1,056 million in 2019 with a market share of 39% globally. This dominance is attributed to the presence of a large number of airports in the North American region (approximately 19,700 airports) and the presence of the largest military in the entire world.
Some of the essential players operating in the XYZ market, but not restricted to include STOKOTA, Millennium Systems International, Refuel International, Scomi Group, BETA FUELING SYSTEMS, ROHR, NUOVA MANARO, WESTMOR INDUSTRIES, Titan Aviation, KAR KUNZ, Jet-Tekno, Liquip International, GHF, and others.
This report segments the Aviation Refueling Market as follows:
Global Aviation Refueling Market: By Type Segmentation Analysis
- Mobile Tankers
- Hydrant Dispensers
- Fueling Cabinets/Skids
Global Aviation Refueling Market: By Application Segmentation Analysis
Global Aviation Refueling Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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