Aircraft Hangar Market by Type (MRO, Assembly, Storage), by Construction (Fixed, Portable), by Aircraft (Wide Body, Narrow Body, Helicopters, General Aviation), by Platform (Commercial, Military), by North America (U.S., Canada), by Europe (U.K., Germany, France, Italy, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by Rest of the World (Latin America, Middle East and Africa) Forecast 2024-2032
The Aircraft Hangar Market size was valued at USD 703.0 USD Million in 2023 and is projected to reach USD 2392.48 USD Million by 2032, exhibiting a CAGR of 19.12 % during the forecast period. The global hangar market is the collective demand and supply of hangar structures used for storage, maintenance and protection of aircraft worldwide. This market includes various types of hangars, including military hangars, commercial hangars and private hangars to meet the diverse needs of aviation. This includes construction, design and maintenance services for these facilities. Factors driving the growth of this market include increasing air travel, expansion of commercial aviation, increasing defense budgets and increasing focus on aircraft safety and maintenance. Growing defense budgets across the world and growth in the commercial aviation industry are expected to be the major factors driving the market growth. Growing demand for maintenance, repair and maintenance (MRO) services is expected to further drive market growth. However, the high initial investment and lengthy permitting and approval process associated with aircraft hangers are expected to restrain the market. Additionally, land availability and zoning regulations are expected to challenge the market. However, growing demand for smart hangars and increasing airport infrastructure development and modernization open up growth opportunities for the market
Type
Construction
Aircraft
Platform
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 19.12% from 2018-2032 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 19.12% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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