Report : North America 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)
The Fuelling Segment to Dominate North America Fixed-Base Operator Market during 2021-2028
According to a new market research study on “North America Fixed-Base Operator Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Services offered, Application and Country,” is expected to reach US$ 11,819.26 million by 2028 from US$ 8,286.31 million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the North America fixed-base operator market along with the drivers and restraints pertaining to the market growth. Growth of business aviation sector and fuelling services contributing significantly to fixed-base operator service business are major factors driving the growth of the North America fixed-base operator market. However, staffing shortages and high operational costs hinder the growth of North America fixed-base operator market.
North America, especially the US, witnessed an unprecedented rise in the number of COVID-19 cases in 2020. The pandemic conditions resulted in a decrease in aviation and defense activities, consequently lowering the demand for fixed-base operating activities in the first half of 2020. Moreover, decline in the overall travel activities has led to discontinuation of fixed-base operator projects in the US, Mexico, Canada, Panama, and Costa Rica, among other North American countries. However, the countries are likely to overcome the consequences of the drop in demand with the economic activities regaining their pace, especially from the beginning of 2021.
The market for North America fixed-base operator is segmented into services offered, application and country. Based on services offered, the market is segmented into hangaring, fuelling, flight instructions, aircraft maintenance, and aircraft rental. In 2020, the fuelling segment held the largest share in North America fixed-base operator market. Based on application, the North America fixed-base operator is divided into business aviation and leisure aviation. The business aviation segment is expected to be the fastest growing segment over the forecast period. Based on country, the North America fixed-base operator market is divided into US, Canada and Mexico. In 2020, US held the largest share in North America fixed-base operator market. Furthermore, in this present scenario of COVID 19 pandemic, the North America fixed-base operator market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for fixed-base operator.
Avemex SA De CV, dnata Corporation, General Dynamics Corporation, Jetex, Luxaviation, Signature Aviation, Swissport International AG, Tag Aviation and Abilene Aero are some of the leading companies in the North America fixed-base operator market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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