Global Aviation Refueling Market Foreseen To Reach Over USD 3011.5 MN By 2026
Posted On January 24, 2020
The Global Aviation Refueling Market Report published by Value Market Research stated that the market was valued close to USD 2449.5 MN in 2019 and is anticipated to reach USD 3011.5 MN by 2026 with a CAGR of 3.25% in the forecasted period between 2020 and 2026. The rise in the aircraft iterations coupled with the growing demand for tanker aircraft from the military and defense sector are factors responsible for driving the growth of the global aviation refueling market. Further, the increase in the demand for multi role-tankers for air to air refueling is further responsible for boosting the growth of the market. Also, the growing demand for long durability unmanned aerial systems is further fuelling the demand for air-to-air refueling systems. The growth in R&D for the development of more efficient aviation-refueling processes in order to maximize the fuel transfer in the shortest period of time is likely to hamper the growth of the market in the forecasted period.
Aviation refueling is the term used to refer to the process of transferring aviation fuel from the fuel station to the aircraft. Generally, the transfer of fuel takes place either through mobile tankers or by using the dispensers connected to the fuel stations. Of late, military aircraft are refueled aerially by transferring fuel from one aircraft to another.
The report "Global Aviation Refueling Market Report By Type (Mobile Tankers, Hydrant Dispenser And Fueling Cabinets/Skids), By Application (Commercial And Defense) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" starts with the market introduction with a crisp summary of the report and goes in detailed revenue analysis bifurcated as per segments and regions. The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future.
By type, mobile tankers, hydrant dispenser and fueling cabinets/skids are the classifications of the global aviation refueling market as per the report. Mobile tankers accounted for largest share. By application, commercial and defense are the segments of the global aviation refueling market as per the report. Defense is the leading segment as per the study.
The geographical segments of the global aviation refueling market are North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is the leading region as it houses high volume of commercial and military aircrafts. Also, the report further focuses on the demand for individual application segments in all the given regions.
The Report Segments Global Aviation Refueling Market -
- Mobile Tankers
- Hydrant Dispenser
- Fueling Cabinets/Skids
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
STOKOTA, Millennium System International, Refuel International, Scomi Group, BETA FUELING SYSTEM, ROHR, NUOVA MANARO, WASTMOR INDUSTRIES, Titan Aviation, KAR KUNZ, Jet-Tekno, Liquip International, GHF and Others.
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