Global Aircraft Towbars Market 2019-2023 - Key Vendors are Brackett Aircraft Co, Hydro Systems, K&M Airporttechnik, Techman-Head Group & Tronair - ResearchAndMarkets.com

The "Global Aircraft Towbars Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The global aircraft towbars market to grow at a CAGR of 2.50% during the period 2018-2023.

Global Aircraft Towbars Market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of electric and conventional towbars sold across different geographies.

According to the report, one of the major drivers for this market is the rise in demand from developing countries. To address the rising air traffic and enable seamless travel for people, governments in developing countries are planning to build new airports, in turn, creating the demand for more aircrafts further propelling the demand for aircraft towbars.

The latest trend gaining momentum in the market is the increasing demand for electric aircraft towbars. With the increasing environmental concerns, there has been a shift to electric towbars from conventional towbars.

Further, the report states that one of the major factors hindering the growth of this market is the increasing threat from substitutes. For instance, the tug-less towbar is one of the major substitutes of aircraft towbars as it helps in picking up the wheel of the aircraft hydraulically.

Key vendors