Aircraft Jack Market Overview and Industry Analysis by Type (Hydraulic & Pneumatic), Application (Civil & Military Aviation) and Region (North America, Europe, Asia-Pacific, Middle East & Africa & Latin America) , competitive market size, share, trends and forecast to 2027
New York, United States, August 23, 2021 (GLOBE NEWSWIRE) – Aircraft Jack Market Overview
According to a comprehensive research report from Market Research Future (MRFR), “Aircraft Jack Market Information by type, application and region – Forecast to 2027”, The market is expected to grow at 3.2% CAGR
Ground support for normal maintenance and inspections is provided by aircraft jacks. Tripod and axle jacks are the most commonly used jacks. Typically, airplane jacks are used for the maintenance of tires, struts, and wheels. To lift the aircraft, jacks are mounted on the main landing gear or the nose gear.
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HYDRO SYSTEMS KG
GROUPE SOLAIR SARL.
Langa Industriel SA
ColumbusJACK / Regent
Due to the increase in the number of aircraft and the growing attention to aircraft maintenance, the global aircraft jacks market has grown rapidly in recent years. Increased investment in technology by MRO suppliers and original equipment manufacturers is fueling aircraft maintenance. In addition, purchases of military aircraft are on the rise. The majority of this demand is expected to come from emerging markets. As a result, an increase in the number of aircraft in the market is expected to drive the market growth. MROs and aircraft OEMs are spending more and more on maintenance to extend the life of the aircraft. Periodic maintenance can help extend the life of an aircraft. The increased demand for aircraft jacks is the result of increased attention to aircraft maintenance. In addition, emerging economies such as India, Brazil and South Africa are experiencing rapid expansion of the aviation industry. As a result, emerging countries are expected to offer lucrative potential for the growth of the aviation sector, propelling the demand for aircraft jacks during the forecast period.
On the other hand, the complexity of the installation is expected to limit market growth throughout the projection period. Depending on the aircraft, lifting and safety procedures differ. Installing jacks is a complicated operation due to factors such as using jacks in a level position, using appropriate lifting points, and the need for stabilizers.
The negative impact of COVID-19 on the aerospace and defense industries is likely to block the advancement of aircraft jacks in the years to come. Due to the COVID-19 pandemic, the aviation industry has experienced an extraordinary decline in the past year. The viral outbreak has had a huge impact on the airline industry.
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In 2019, the Hydraulics sector held the largest market share by type. These jacks use a hydraulic ram to provide force to the aircraft to lift it. Hydraulic cylinders are generally bulky and difficult to maintain. However, features such as their ability to lift large loads, require less space, and are less likely to get clogged due to screw threads are expected to drive demand over the projection period.
The civil aviation sector is expected to dominate the market during the forecast period depending on the applications. This is due to the increase in the number of commercial aircraft in service around the world, as well as the increase in maintenance and repair costs. There is a strong demand for civil aircraft in emerging markets. These commercial aircraft will require routine maintenance, which will increase the demand for aircraft jacks.
The aircraft jacks market is dominated by North America. Due to the existence of key companies such as Malabar International, Solair Group LLC and others, this trend is expected to continue during the forecast period. Many commercial and military aircraft are also responsible for the region’s rapid growth.
In 2019, Europe represented a significant share of the overall market. The increase in commercial air transport is propelling the region’s expansion into countries like the UK, Spain, Germany and France. In addition, European countries have significantly increased their spending on purchasing military aircraft, which is expected to fuel the growth of the regional market.
During the projection period, the APAC market is expected to grow at the fastest rate. Market growth is expected to be fueled by growing demand for new aircraft and increasing defense spending in countries like India and China. The Asia-Pacific region offers significant investment potential for aircraft jack manufacturers. In addition, the region has increased spending on military aircraft purchases, which should spur the expansion of aircraft jacks.
The civil aviation industry in Latin America has grown considerably. The need for MRO services increased as the number of commercial aircraft increased, thereby increasing regional growth.
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