Airport Fueling Equipment Market Overview, Growth, Trends, Analysis, Research Report (2020-2030)

The Airport Fueling Equipment Market size is projected to reach US$ 287.4 million by 2030 from US$ 184.8 million in 2022. The market is expected to register a CAGR of 5.7% in 2022–2030. Airport fueling equipment can vary in tanker capacity, depending on the specific needs and requirements of the airport and the size of the aircraft fleet it serves. The tanker capacity determines the amount of fuel that can be delivered to aircraft during each refueling operation. The selection of the appropriate tanker capacity is based on factors such as the average fuel consumption of the aircraft served, the frequency of refueling operations, and the airport's fueling infrastructure and storage capacity. Properly sized fueling equipment ensures efficient and timely refueling operations while minimizing downtime. All these factors contribute to meeting the demand for airport fueling equipment in the aviation industry.

Airport Fueling Equipment Market Analysis

As air travel continues to grow in emerging markets, there is a greater demand for modern and efficient fueling operations to support the increasing number of flights and passengers. Many emerging economies are investing heavily in airport infrastructure to boost their connectivity and interest in tourism and trade. Establishing new airports and expanding existing ones require the latest fueling equipment to meet international standards and cater to a diverse range of aircraft. For instance, in April 2023, the government of India announced its plans to invest approximately US$ 11.81 billion in the development of airport infrastructure over the next two years. This investment is a response to the growing travel demand and the need to upgrade and expand existing airport facilities to accommodate the increasing number of passengers and aircraft. With this investment, the adoption of advanced technologies and automation in airport operations, including fueling processes, is rapidly increasing. Smart fueling equipment and monitoring systems can optimize fueling efficiency and reduce the risk of errors. Thus, the rising development of airport infrastructure creates a favorable market environment for innovative and advanced airport fueling equipment, leading to the growth of the airport fueling equipment market

Airport Fueling Equipment Market Overview

Military and civil airport fueling equipment serve different purposes and are designed to meet the specific requirements of their respective applications. Military fueling equipment is also designed to support the refueling needs of military aircraft, including fighter jets, transport planes, helicopters, and unmanned aerial vehicles (UAVs). Military fueling operations often require specific security measures and specialized equipment to handle different types of military aircraft and fuel types. Civil airport fueling equipment is used to fuel a wide range of civil aircraft, such as commercial airliners, private jets, and other civil aircraft, in compliance with aviation regulations and safety standards. Military fueling equipment is often designed for mobility and ease of deployment in various operational theaters, including remote locations and combat zones.

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Airport Fueling Equipment Market: Strategic Insights

Airport Fueling Equipment Market

• 
  CAGR (2022-2030)

  5.7%
• Market Size 2022
  US$ 184.8 Million
• Market Size 2030
  US$ 287.4 Million

Market Dynamics

GROWTH DRIVERS

• Accentuating Aircraft Order and Delivery Volumes
• Rising Investment in Airport Projects

FUTURE TRENDS

• Advent of the Electric Refuelers

OPPORTUNITIES

• Rising Demand from the Emerging Countries for Airports
• Increasing Number of Aircraft at Small Airports

Key Players

• Garsite Progress LLC
• Titan Aviation SA
• Fuel Proof Ltd
• Dr Ing Ulrich Esterer GmbH Co Fahrzeugaufbauten und Anlagen KG
• BETA Fueling Systems LLC
• Stokota NV
• General Transervice Inc
• BP Plc
• TotalEnergies SE

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Tanker Capacity

• Below 5000 litres
• 5000-20000 litres
• Above 20000 litres

Aircraft Type

• Civil Aircraft
• Military Aircraft

Power Source

• Electric
• Non-Electric

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Airport Fueling Equipment Market Drivers and Opportunities

Rising Investment in Airport Projects

The worldwide airport count has been rising to cater to a maximum number of airlines and passengers, owing to which investment in expanding the existing airports with new terminals and constructing new airports has also bolstered. As a result, there is a significant demand for new airport fueling equipment. Rising investment in new airports is one of the market's major driving factors. As per the Airport Consultants Council, the US alone will require an investment worth ~ US$ 138 billion over the next five years starting from 2020.

Furthermore, according to several aviation sources, to meet the air passenger demand, huge capital investment is required from the various countries in greenfield airports and expansion of existing airport infrastructure. More than ~ US$ 2 trillion in total capital investment is expected to be required between 2021 and 2040. Such a huge capital investment requirement for the airport construction project will drive the demand for new fueling equipment to supply the fuel at the required time more efficiently. Thus, the rising investment in airport projects is a key driving factor for the market.

Increasing Number of Aircraft at Small Airports

The small airports are witnessing increased traffic at their airports and experiencing fueling services problems to meet the requirements. For instance, according to one of the aircraft operators, most pilots or aircraft operators prefer Mossel Bay airport over George Airport to fuel the aircraft. Thus, due to long queues and waiting times in the refueling facility at George Airport. Such airports with small capacity can be a potential opportunity for the market players.

Airport Fueling Equipment Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Airport Fueling Equipment Market analysis are tanker capacity, aircraft type, power source, and geography.

• Based on tanker capacity, the Airport Fueling Equipment Market has been segmented into below 5000 litres, 5000-20000 litres, and above 20000 litres. The 5000-20000 litres segment held a larger market share in 2022.
• By aircraft type, the Airport Fueling Equipment Market has been segmented into civil aircraft and military aircraft. The civil aircraft segment held the largest share of the market in 2022.
• Based on power source, the Airport Fueling Equipment Market has been segmented into electric and non-electric. The non-electric segment held a larger market share in 2022.

Airport Fueling Equipment Market Share Analysis by Geography

The geographic scope of the Airport Fueling Equipment Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America has dominated the Airport Fueling Equipment Market in 2022, and it is expected to retain its dominance during the forecast period as well. Further, Asia Pacific region is likely to register highest CAGR in the airport fueling equipment market during 2022-2030. Many modernization and expansion projects have been initiated in various airports across North America to accommodate the rising number of passengers and flights. These projects often involve investments in advanced fueling equipment to improve operational efficiency and capacity fueling station. In February 2023, the US Federal Aviation Administration (FAA) made an announcement to provide ~US$ 1 billion in funding for ninety-nine airports across the country. It is a significant step in supporting the aviation industry's recovery and preparing for increased air traffic. The funding is part of the US President’s Bipartisan Infrastructure Law, which aims to bolster airport infrastructure and capacity to manage the growing number of passengers and flights. Thus, the presence of robust aviation industry, infrastructure development, technological advancements, sustainability efforts, and government support are a few factors that are creating a favorable environment for the airport fueling equipment market in north American region. As airports strive to enhance their operational efficiency and offer a seamless travel experience, the demand for innovative and efficient fueling equipment is expected to continue rising during the forecast period.

Airport Fueling Equipment Market Report Scope

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Airport Fueling Equipment Market News and Recent Developments

The Airport Fueling Equipment Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for airport fueling equipment market and strategies:

• In 2023, The Stokota company announced their plans to build new production halls in Elblag, Poland, to expand its activities. For that, it has finalized the purchase of approximately 4 ha of land for new investment from the Warmia and Mazury Special Economic Zone. (Source: Stokota, Press Release/Company Website/Newsletter)
• In 2021, TotalEnergies partnered with Titan Aviation to introduce wide range of electric refueling vehicles. the products such as Titan e-RRX and Titan SPR-Xe, model features a digital MMI called EZ Control. (Source: TotalEnergies, Press Release/Company Website/Newsletter)

Airport Fueling Equipment Market Report Coverage and Deliverables

The “Airport Fueling Equipment Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed Porter’s Five Forces analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles with SWOT analysis