The airport fueling equipment market was valued at US$ 184.8 million in 2022 and is projected to reach US$ 287.4 million by 2030; it is expected to grow at a CAGR of 5.7% during 2022-2030.
Many modernization and expansion projects have been initiated in various airports across North to accommodate the rising number of passengers and flights. These projects often involve investments in advanced fueling equipment to improve operational efficiency and capacity fueling station. In February 2023, the US Federal Aviation Administration (FAA) made an announcement to provide ~US$ 1 billion in funding for ninety-nine airports across the country. It is a significant step in supporting the aviation industry's recovery and preparing for increased air traffic. The funding is part of the US President’s Bipartisan Infrastructure Law, which aims to bolster airport infrastructure and capacity to manage the growing number of passengers and flights. Thus, the presence of robust aviation industry, infrastructure development, technological advancements, sustainability efforts, and government support are a few factors that are creating a favorable environment for the airport fueling equipment market in north American region. As airports strive to enhance their operational efficiency and offer a seamless travel experience, the demand for innovative and efficient fueling equipment is expected to continue rising during the forecast period.
Apart from developed countries, the commercial aviation industry of developing countries of APAC such as India, China, Malaysia, and Indonesia are also witnessing rapid growth in the number of air passengers owing to the rising disposable income and improving lifestyle. Further, the growing ecommerce industry in these countries are further driving the growth of air cargo services. During the COVID-19 pandemic the air cargo services witnessed highest growth in last few decades. Thus, the growth in aviation industry of the APAC region is stimulating demand for the airport fueling equipment.
The key manufacturers in the market are focusing on developing all-electric refueling vehicles. Key fueling services providers such as Shell, Bp, World Fuel, and Envirotech Vehicles (EVTV), among others, are offering electric power fueling equipment to airports to decarbonize their operations and adopt sustainable practices.
For instances,
Garsite, Titan Aviation, Fuel Proof Ltd, Esterer GmbH & Co, BETA Fueling Systems, Stokota, Air BP, Total Energies, Gaussin Emerson Electric Co., Dr Ing. Ulrich Esterer GmbH & Co Fahrzeugaufbauten und Anlagen KG are among the key airport fueling equipment market players.
The overall airport fueling equipment market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the airport fueling equipment market size with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the airport fueling equipment market.
Reasons to Buy
Many modernization and expansion projects have been initiated in various airports across North to accommodate the rising number of passengers and flights. These projects often involve investments in advanced fueling equipment to improve operational efficiency and capacity fueling station. In February 2023, the US Federal Aviation Administration (FAA) made an announcement to provide ~US$ 1 billion in funding for ninety-nine airports across the country. It is a significant step in supporting the aviation industry's recovery and preparing for increased air traffic. The funding is part of the US President’s Bipartisan Infrastructure Law, which aims to bolster airport infrastructure and capacity to manage the growing number of passengers and flights. Thus, the presence of robust aviation industry, infrastructure development, technological advancements, sustainability efforts, and government support are a few factors that are creating a favorable environment for the airport fueling equipment market in north American region. As airports strive to enhance their operational efficiency and offer a seamless travel experience, the demand for innovative and efficient fueling equipment is expected to continue rising during the forecast period.
Apart from developed countries, the commercial aviation industry of developing countries of APAC such as India, China, Malaysia, and Indonesia are also witnessing rapid growth in the number of air passengers owing to the rising disposable income and improving lifestyle. Further, the growing ecommerce industry in these countries are further driving the growth of air cargo services. During the COVID-19 pandemic the air cargo services witnessed highest growth in last few decades. Thus, the growth in aviation industry of the APAC region is stimulating demand for the airport fueling equipment.
The key manufacturers in the market are focusing on developing all-electric refueling vehicles. Key fueling services providers such as Shell, Bp, World Fuel, and Envirotech Vehicles (EVTV), among others, are offering electric power fueling equipment to airports to decarbonize their operations and adopt sustainable practices.
For instances,
- In August 2022, Air Bp, an fueling services provider, introduced its all-electric refueling vehicle at Brisbane Airport. The capacity of the refueler is around 16,000 liters of fuel, with the ability for a full day operational with overnight charging.
- Similarly, Shell has introduced a new 20,000-litre refueler with a fully electric fueling system at its Stuttgart Airport facility in Germany. Also, the company is developing the first semi-trailer hybrid refueller for the Lille Airport in France.
- Furthermore, in May 2023, World Fuel Services introduced all-electric refueling trucks to operate at Toulon Hyères Airport (TLN). These trucks will be used to distribute Sustainable Aviation Fuel (SAF) to business and commercial operators at the airport.
- In February 2023, Envirotech Vehicles (EVTV), a US-based manufacturer of purpose-built electric vehicles, delivered two 900-gal Avgas refuelers at FBO Atlantic Aviation. It’s the first all-electric aircraft refueler to Atlantic Aviation.
Garsite, Titan Aviation, Fuel Proof Ltd, Esterer GmbH & Co, BETA Fueling Systems, Stokota, Air BP, Total Energies, Gaussin Emerson Electric Co., Dr Ing. Ulrich Esterer GmbH & Co Fahrzeugaufbauten und Anlagen KG are among the key airport fueling equipment market players.
The overall airport fueling equipment market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the airport fueling equipment market size with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the airport fueling equipment market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global airport fueling equipment market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global airport fueling equipment market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Airport Fueling Equipment Market Landscape
5. Airport Fueling Equipment Market - Key Industry Dynamics
6. Airport Fueling Equipment Market - Global Market Analysis
7. Airport Fueling Equipment Market Analysis - Tanker Capacity
8. Airport Fueling Equipment Market Analysis - Aircraft Type
9. Airport Fueling Equipment Market Analysis - Power Source
10. Airport Fueling Equipment Market - Geographical Analysis
11. Airport Fueling Equipment Market - Impact of COVID-19 Pandemic
12. Competitive Landscape
13. Industry Landscape
14. Company Profiles
15. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Garsite
- Titan Aviation
- Fuel Proof Ltd
- Esterer GmbH & Co
- BETA Fueling Systems
- Stokota
- Air BP
- Total Energies
- Gaussin Emerson Electric Co.
- Dr Ing. Ulrich Esterer GmbH & Co Fahrzeugaufbauten und Anlagen KG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 148 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 184.8 Million |
| Forecasted Market Value ( USD | $ 287.4 Million |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
