At 6.0% CAGR, the Europe Airport Fueling Equipment Market is Projected to be Worth US$ 76.32 million by 2030, Says Business Market Insights

According to Business Market Insights research, the Europe airport fueling equipment market was valued at US$ 48.01 million in 2022 and is expected to reach US$ 76.32 million by 2030, registering a CAGR of 6.0% from 2022 to 2030. Accentuating aircraft order and delivery volumes and rising investment in airport projects attributed to the Europe airport fueling equipment market expansion.   

The worldwide airport count has been rising to cater to a maximum number of airlines and passengers, owing to which investment in expanding the existing airports with new terminals and constructing new airports has also bolstered. As a result, there is a significant demand for new airport fueling equipment. Rising investment in new airports is one of the market's major driving factors. Furthermore, according to several aviation sources, to meet the air passenger demand, huge capital investment is required from the various countries in greenfield airports and expansion of existing airport infrastructure. More than ~ US$ 2 trillion in total capital investment is expected to be required between 2021 and 2040. Such a huge capital investment requirement for the airport construction project will drive the demand for new fueling equipment to supply the fuel at the required time more efficiently. Thus, the rising investment in airport projects is a key driving factor for the market.

On the contrary, enhanced lifespan and high capital investment hampers the Europe airport fueling equipment market.

Based on tanker capacity, the Europe airport fueling equipment market is segmented into Below 5000 liters, 5000-20000 liters, and Above 20000 liters. The 5000-20000 liters segment held 51.1% share of Europe airport fueling equipment market in 2022, amassing US$ 24.55 million. It is projected to garner US$ 40.64 million by 2030 to expand at 6.5% CAGR during 2022–2030.

In terms of aircraft type, the Europe airport fueling equipment market is bifurcated into civil aircraft and military aircraft. The civil aircraft segment held 73.9% share of Europe airport fueling equipment market in 2022, amassing US$ 35.46 million. It is projected to garner US$ 58.06 million by 2030 to expand at 6.4% CAGR during 2022–2030.

Based on power source, the Europe airport fueling equipment market is bifurcated into electric and non-electric. The non-electric segment held 87.0% share of Europe airport fueling equipment market in 2022, amassing US$ 41.78 million. It is projected to garner US$ 63.62 million by 2030 to expand at 5.4% CAGR during 2022–2030.

By country, the Europe airport fueling equipment market has been categorized into the Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 25.4% share of Europe airport fueling equipment market in 2022. It was assessed at US$ 12.18 million in 2022 and is likely to hit US$ 19.00 million by 2030, exhibiting a CAGR of 5.7% during 2022–2030.  

Key players operating the Europe airport fueling equipment market are Titan Aviation SA, Fuel Proof Ltd, Dr Ing. Ulrich Esterer GmbH & Co Fahrzeugaufbauten und, Anlagen KG, Stokota NV, BP Plc, TotalEnergies SE, and Gaussin SA, among others.

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