Airport Fueling Equipment Market Trends and Forecast
The future of the global airport fueling equipment market looks promising with opportunities in the civil aircraft and military aircraft markets. The global airport fueling equipment market is expected to reach an estimated $0.3 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are increasing demand for aircraft safety and reliability and stringent regulatory requirements.
• Lucintel forecasts that below 5000 litres is expected to witness the higher growth over the forecast period.
• Within this market, civil aircraft is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: In the United States, the airport fueling equipment market has seen significant developments driven by advancements in technology and sustainability initiatives. Companies like Shell Aviation and ExxonMobil Aviation are investing in the development of electric-powered refueling trucks and advanced fueling systems to reduce emissions and improve operational efficiency. These initiatives align with the Federal Aviation AdministrationÄX%$%Xs (FAA) targets to enhance airport infrastructure and promote sustainable aviation fuel (SAF) usage. Additionally, government initiatives such as the FAAÄX%$%Xs Voluntary Airport Low Emission (VALE) program provide funding support for airports to upgrade their fueling equipment and reduce environmental impact. Reports from the FAA and industry publications offer insights into the progress made by U.S. companies and airports in meeting sustainability targets and adopting advanced fueling technologies.
India: In India, the airport fueling equipment market is experiencing growth as the country focuses on modernizing its aviation infrastructure. Companies like Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL) are investing in the development of fueling equipment compatible with sustainable aviation fuel (SAF) and biofuels. The Indian government, through the Ministry of Civil Aviation, has set targets to increase the use of SAF in aviation fuel and promote the adoption of eco-friendly fueling equipment at airports. Reports from the Airports Authority of India (AAI) and industry sources provide insights into the initiatives undertaken by Indian companies and airports to achieve these targets and enhance sustainability in aviation fueling operations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Airport Fueling Equipment by Segment
The study includes a forecast for the global airport fueling equipment by aircraft type, power source, application, and region.
Airport Fueling Equipment Market by Aircraft Type [Shipment Analysis by Value from 2018 to 2030]:
• Civil Aircraft
• Military Aircraft
Airport Fueling Equipment Market by Power Source [Shipment Analysis by Value from 2018 to 2030]:
• Electric
• Non-Electric
Airport Fueling Equipment Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Below 5000 Litres
• 0-20000 Litres
• Above 20000 Litres
Airport Fueling Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Airport Fueling Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies airport fueling equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the airport fueling equipment companies profiled in this report include-
• Titan Aviation
• Fuel Proof
• Esterer
• Beta Fueling Systems
• Stokota
• Air Bp
• Total Energies
Recent Development in the Airport Fueling Equipment Market
Shell Aviation: Shell Aviation has launched an initiative to enhance the efficiency and sustainability of its airport fueling equipment. The company is investing in the development of electric-powered refueling trucks and advanced fueling systems that reduce emissions and improve operational efficiency. Shell is also implementing digital technologies to streamline fueling operations, such as real-time data monitoring and automated fueling processes. These advancements are part of Shell’s broader commitment to sustainability and reducing the carbon footprint of aviation fuel operations. Shell’s initiative aims to support airports and airlines in meeting their environmental targets while ensuring reliable and efficient fueling services.
Air BP: Air BP is focusing on innovation and sustainability in its airport fueling equipment through several key initiatives. The company has introduced the use of biofuels and sustainable aviation fuel (SAF) at various airports, supported by advanced fueling infrastructure that ensures efficient and safe handling of these fuels. Air BP is also investing in digital solutions to optimize fueling operations, including the implementation of electronic fuel management systems and mobile applications for real-time fuel tracking and management. By integrating sustainable fuels and digital technologies, Air BP aims to lead the industry in providing environmentally friendly and efficient fueling solutions.
ExxonMobil Aviation: ExxonMobil Aviation has embarked on a modernization initiative for its airport fueling equipment, focusing on enhancing safety and efficiency. The company is developing state-of-the-art fueling trucks equipped with advanced safety features and automated controls to minimize the risk of spills and accidents. ExxonMobil is also leveraging data analytics and IoT (Internet of Things) technologies to monitor fueling operations in real-time, enabling proactive maintenance and optimizing fuel distribution. These efforts are designed to improve operational reliability and reduce downtime, ensuring seamless fueling services at airports worldwide. ExxonMobil’s initiative underscores its commitment to safety, innovation, and customer satisfaction in the aviation fueling sector.
TotalEnergies Aviation: TotalEnergies Aviation is advancing its airport fueling equipment through a series of sustainability-focused initiatives. The company has introduced hybrid and electric refueling vehicles at several airports, aiming to reduce greenhouse gas emissions and operational costs. TotalEnergies is also exploring the use of hydrogen fuel cell technology for fueling equipment as part of its long-term sustainability strategy. Additionally, the company is enhancing its fueling infrastructure to support the growing use of SAF, ensuring compatibility and efficiency in handling various types of sustainable fuels. TotalEnergies’ initiatives are aligned with its broader goals of promoting sustainability and innovation in the aviation industry.
Avfuel Corporation: Avfuel Corporation has implemented several initiatives to modernize its airport fueling equipment and enhance service efficiency. The company is investing in advanced refueling trucks and hydrant dispensers with improved safety and automation features. Avfuel is also focusing on digital transformation by deploying fuel management software that provides real-time insights into fuel inventory and consumption. This software aids in optimizing fuel logistics and minimizing waste. Additionally, Avfuel is expanding its supply chain for SAF, ensuring that airports have access to sustainable fuel options. These initiatives reflect Avfuel’s commitment to innovation, sustainability, and excellence in fueling services.
Features of the Global Airport Fueling Equipment Market
Market Size Estimates: Airport fueling equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Airport fueling equipment market size by aircraft type, power source, application, and region in terms of value ($B).
Regional Analysis: Airport fueling equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different aircraft type, power source, application, and regions for the airport fueling equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the airport fueling equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the airport fueling equipment market size?
Answer: The global airport fueling equipment market is expected to reach an estimated $0.3 billion by 2030.
Q2. What is the growth forecast for airport fueling equipment market?
Answer: The global airport fueling equipment market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the airport fueling equipment market?
Answer: The major drivers for this market are increasing demand for aircraft safety and reliability and stringent regulatory requirements.
Q4. What are the major segments for airport fueling equipment market?
Answer: The future of the airport fueling equipment market looks promising with opportunities in the civil aircraft and military aircraft markets.
Q5. Who are the key airport fueling equipment market companies?
Answer: Some of the key airport fueling equipment companies are as follows:
• Titan Aviation
• Fuel Proof
• Esterer
• Beta Fueling Systems
• Stokota
• Air Bp
• Total Energies
Q6. Which airport fueling equipment market segment will be the largest in future?
Answer: Lucintel forecasts that below 5000 litres is expected to witness the higher growth over the forecast period.
Q7. In airport fueling equipment market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the airport fueling equipment market by aircraft type (civil aircraft and military aircraft), power source (electric and non-electric), application (below 5000 litres, 0-20000 litres, and above 20000 litres), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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