Future Market Insights
In the past few years, owing to rapidly growing globalization and urbanization, the demand for airplanes and helicopters has increased at a significant rate. This has led to an increase in demand for hangars, which in turn, is driving the growth of the airplane and helicopter hangar doors market. Hangar is a closed building structure, mostly build using metals. It is used to hold airplanes, aircrafts and helicopter. Airplane and helicopter hangar doors must comply with building codes and regulations of the country in which they are produced and airports where they are used.
Hangars are very important for protection, repair & maintenance and storage of airplanes, helicopters and aircrafts. Hence, the demand for good quality, technologically advanced and highly reliable hangar doors is growing rapidly. The renovation of old hangar structure in many countries such as U.S., Canada, U.K., Russia and Japan is also estimated to lead to an increase in demand for airplane and helicopter hangar doors.
The airplane and helicopter hangars doors market has gone through high technological advancement in recent years. These technological advancements and innovative hangar door types are contributing to the growth of the global airplane and helicopter hangars market. As a matter of fact, the growth of airplane and helicopter hangars market is directly proportional to the growth of the global aviation industry and growth in air travel. Additionally, factors that are driving the global airplane and hangar hangars door market include growing use of helicopters and airplanes for personal use in regions such as the North America, Europe and Japan.
North America and Europe are relatively matured markets for airplane and helicopter hangar doors. Owing to growth in air travel industry, APAC and MEA is estimated to grow at fastest CAGR over the forecast period. Japan and Latin America estimated to grow at stable rate over the forecast period.
Global Airplane and Helicopter Hangar Doors Market: Dynamics
Increasing air travel and growth in the aviation industry are the primary factors responsible for driving the global airplane and helicopter hangar market. A key growth driver is expected to be the growing demand for new airplanes and helicopters in developing countries such as China and India, which in turn, is estimated to fuel growth of airplane and helicopter hangar doors market.
Also, attractive investments in research & development of airplane and helicopter hangar doors by the developed nations will add to the demand. Similarly, developing nations are devoting themselves to the acquisition of new military planes, helicopters and transport aircrafts, which should ideally prove to be major driving factor for the global airplane and helicopter hangar doors market.
Fluctuations in aviation industry may act as a growth restraint in the global airplane and helicopter hangar doors market. Additionally, global economic uncertainty may hamper the growth of global airplane and helicopter hangar doors market.
Global Airplane and Helicopter Hangar Doors Market: Segmentation
Global airplane and helicopter hangar doors market is segmented on the basis of type as follows: Straight-sliding door, Flat fold bottom-rolling folding door, bi-fold door, high power door and others which include customized hangar doors.
Global airplane and helicopter hangar doors market is segmented on the basis of end-use as follows: helicopter and airplane.
Global airplane and helicopter hanger doors market is segmented on the basis of operation: Fully-automatic hangar door and hand operated hangar doors
Global Airplane and Helicopter Hangar Doors Market: Regional Outlook
Geographically, the global airplane and helicopter hangar doors market can be divided into these major regions: North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa.
Europe and U.S, with their developed aviation industry, will be the leading regional markets capturing a substantial share of the global market. Owing to the developing infrastructure and strategies of governments, the Asia-Pacific region is also expected to witness high growth rate in coming years.
Global Airplane and Helicopter Hangar Doors Market Players:
Examples of some of the market participants in the global airplane and helicopter hangar doorsmarket identified across the value chain include:
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