The North America airport fueling equipment market is expected to grow from US$ 69.68 million in 2022 to US$ 104.11 million by 2030. It is estimated to grow at a CAGR of 5.1% from 2022 to 2030.
Advent of the Electric Refuelers Fuel North America Airport Fueling Equipment Market
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 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 is the first all-electric aircraft refueler to Atlantic Aviation. Such rising development in the field of electric airport refueling equipment might be the key future trend of the market during the forecasted period of 2023-2030.
North America Airport Fueling Equipment Market Overview
North America heavily invests in commercial and defense sectors to address the increasing demand for aircraft fleets for international travel and defense strengthening. Additionally, as North America attracts numerous technological developments due to presence of prominent manufacturers, the demand for airport fueling equipment is growing rapidly in the region. With an increasing number of airports and aircraft, the demand for airport fueling equipment and services is also rising to ensure safe flight operations. Most of the countries in the region have a significant number of air flights and airports.
North America Airport Fueling Equipment Market Revenue and Forecast to 2030 (US$ Million)
North America Airport Fueling Equipment Market Segmentation
The North America airport fueling equipment market is segmented into tanker capacity, aircraft type, power source, and country.
Based on tanker capacity, the North America airport fueling equipment market is segmented into Below 5000 liters, 5000-20000 liters, and Above 20000 liters. The 5000-20000 liters held the largest share of the North America airport fueling equipment market in 2022.
In terms of aircraft type, the North America airport fueling equipment market is bifurcated into civil aircraft and military aircraft. The civil aircraft segment held a larger share of the North America airport fueling equipment market in 2022.
Based on power source, the North America airport fueling equipment market is bifurcated into electric and non-electric. The non-electric segment held a larger share of the North America airport fueling equipment market in 2022.
By country, the North America airport fueling equipment market is segmented into the US, Canada, and Mexico. The US dominated the North America airport fueling equipment market in 2022.
Garsite Progress LLC; Titan Aviation SA; Fuel Proof Ltd; BETA Fueling Systems LLC; General Transervice Inc; BP Plc; and TotalEnergies SE are some of the leading companies operating in the North America airport fueling equipment market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 69.68 Million |
| Market Size by 2030 | US$ 104.11 Million |
| CAGR (2022 - 2030) | 5.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Tanker Capacity
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Airport Fueling Equipment Market is valued at US$ 69.68 Million in 2022, it is projected to reach US$ 104.11 Million by 2030.
As per our report North America Airport Fueling Equipment Market, the market size is valued at US$ 69.68 Million in 2022, projecting it to reach US$ 104.11 Million by 2030. This translates to a CAGR of approximately 5.1% during the forecast period.
The North America Airport Fueling Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Airport Fueling Equipment Market report:
The North America Airport Fueling Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Airport Fueling Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Airport Fueling Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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