The Business Aviation Segment to Dominate Europe Fixed-Base Operator Market during 2021-2028
According to The Insight Partners market research study on “Europe Fixed-Base Operator Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Services offered, Application and Country,” is expected to reach US$ 11,251.39 million by 2028 from US$ 7,396.27 million in 2021. The market is estimated to grow at a CAGR of 6.2% from 2021 to 2028. The report provides trends prevailing in the Europe fixed-base operator market along with the drivers and restraints pertaining to the market growth. Expansion of the business aviation sector and high contribution of fuelling services to fixed-base operator service business are major factors driving the growth of the Europe fixed-base operator market. However, staffing shortages along with high operational costs hinder the growth of Europe fixed-base operator market.
Europe, especially Russia, witnessed an unprecedented rise in the number of COVID-19 cases in 2020. The pandemic conditions resulted in a decrease in aviation and defense activities, consequently lowering the demand for fixed-base operating activities in the first half of 2020. Moreover, decline in the overall travel activities has led to discontinuation of fixed-base operator projects in France, UK, Spain, Italy and Germany, among other European countries. However, the countries are likely to overcome the consequences of the drop in demand with the economic activities regaining their pace, especially from the beginning of 2021.
The market for Europe fixed-base operator is segmented into services offered, application and country. Based on services offered, the market is segmented into hangaring, fuelling, flight instructions, aircraft maintenance, and aircraft rental. The hangaring segment is expected to be the fastest growing segment over the forecast period. Based on application, the Europe fixed-base operator is divided into business aviation and leisure aviation. In 2020, the business aviation segment held the largest share in Europe fixed-base operator market. Based on country, the Europe fixed-base operator market is segmented into France, Germany, Italy, UK, Russia and rest of Europe. In 2020, Germany held the largest share in Europe fixed-base operator market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe fixed-base operator market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for fixed-base operator.
dnata Corporation, General Dynamics Corporation, Jetex, Luxaviation, Signature Aviation, Swissport International AG, and Tag Aviation are some of the leading companies in the Europe fixed-base operator market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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