Electric aircraft towbars to record more sales growth than conventional variants in aircraft towbar market

Fact.MR has released findings from a study that reported the sluggishness in the aircraft towbar market continues in 2018, with global demand likely to grow by just 44 units over 2017, the company said.

According the study, a combination of multi-pronged factors, ranging from concerns about ground support inefficacy to rising procurement costs is likely to impact the prospects of the market.

The report finds that conventional towbar mechanism continues to be the preference for the aviation industry; however, the status quo is undergoing a change owing to proliferation of electric aircraft towbars.

The IATA estimations of nearly USD 4 billion savings by improving safety attributes in GSE has led manufacturers to opt for right safety management systems, and aircraft towbar is no exception. The report finds that safety management systems (SMS) aspects are likely to aid players in the aircraft towbar market in making design improvements in their equipment, and ensuring compliance to safety regulations.

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports.