Report : Europe Fixed-Base Operator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Services Offered (Hangaring, Fuelling, Flight Instructions, Aircraft Maintenance, and Aircraft Rental) and Application (Business Aviation and Leisure Aviation)
At 7.2% CAGR, the Europe Fixed-Base Operator Market is speculated to be worth US$ 12,007.42 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe fixed-base operator market was valued at US$ 7,916.11 million in 2022 and is expected to reach US$ 12,007.42 million by 2028, registering a CAGR of 7.2% from 2022 to 2028. Fueling services contribute significantly to fbo service business and escalating demand for hangaring services for large aircraft are the critical factors attributed to the Europe fixed-base operator market expansion.
The fixed-base operators offer a diversified range of services such as hangaring, fueling, flight instructions, aircraft maintenance, and aircraft rental. Of these, fueling is the highest revenue generating segments. FBOs across the world offer fueling services of AVGAS to the piston engine aircraft and/or Jet Fuel to the turbine-powered aircraft. The fueling services involve selling fuel to plane owners as well as offering them places to park their planes. Since, the business aviation sector has been growing strongly over the past few years (pre-COVID), the demand for fueling service provider also surged. In addition, several FBOs in the current scenario are offering Sustainable Aviation Fuel (SAF) as a strategy to help the general aviation jet operators to reduce carbon footprint. The distribution of SAF among the FBOs is also aimed at improving their services and attract customers. Signature Aviation and Atlantic Aviation are among the leading FBOs offering SAF to their customers. The growing attraction towards SAF among the FBOs is analyzed to understand the future scenario of the market and has been considered to be one of the crucial driving parameters for the Europe fixed-base operator market. Moreover, several airport authorities are continuously investing in the deployment of fixed-based operators to provide different services to travelers availing general aviation for enhancing their traveling experience. Therefore, such investments in FBO operation in the airport supports the growth of fueling services among the aircraft owners.
On the contrary, staffing shortages and high operational costs hurdles the growth of the Europe fixed-base operator market.
Based on services offered , the Europe fixed-base operator market is segmented into hangaring, fuelling, flight training, aircraft maintenance, aircraft rental. The fuelling segment held 43.7% share of Europe fixed-base operator market in 2022, amassing US$ 3,462.06 million. It is projected to garner US$ 5,073.59 million by 2028 to expand at 6.6% CAGR during 2022–2028.
Based on application, the Europe fixed-base operator market is bifurcated into Business aviation and leisure aviation. The Business aviation segment held 78.0% share of Europe fixed-base operator market in 2022, amassing US$ 6,170.81 million. It is projected to garner US$ 9,509.40 million by 2028 to expand at 7.5% CAGR during 2022–2028.
Based on country, the Europe fixed-base operator market has been categorized into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 34.7% share of Europe fixed-base operator market in 2022. It was assessed at US$ 2,744.25 million in 2022 and is likely to hit US$ 3,982.86 million by 2028, exhibiting a CAGR of 6.4% during the forecast period.
Key players profiles in the Europe fixed-base operator market report are dnata Corporation; ExecuJet Aviation Group AG; General Dynamics Corporation; Jetex; Luxaviation; Signature Aviation; Swissport; and Universal Weather and Aviation, Inc., among others.
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