The global aircraft refuelers market is predicted to exhibit high volume by 2023, according to a report available on Million Insights. It is anticipated to witness a healthy CAGR over the forecast period (2018 to 2023). Changing consumer preference for air travel over railways and buses owing to comfort is anticipated to propel market growth. Increasing number of air travelers across the globe is rising demand for aircraft refuelers. Growth of tourism and availability of flight tickets at affordable prices is allowing people to choose air travel over other modes of transportation. Increasing use of military jets to execute important missions attributed to rising focus on security and defense is expected to impel demand for jet fuel. This factor is likely to drive the market in the coming years.
Aircraft refueler refers to a specifically designed vehicle that is used at airport or air base to load fuel into aircrafts. These tank vehicles are available different size and shape based on requirement of fuel at various facilities. Fuel capacity of commercial aircraft is higher than defense aircrafts. Thereby, airports are likely to require more number of refuelers than other aviation facilities.
Major application variants of aircraft refuelers include military aircraft and civil aircraft. Civil aircraft segment is anticipated to hold highest market share over the forecast period. This is attributed to growth of civil aviation industry across the globe. Increasing number of people travelling through private and commercial aircrafts is driving demand for efficient refueling solutions.
To cater to rising demand for aircraft refueler, manufacturing companies are investing in R&D to develop better products. For instance, in January 2019, Burch Tank launched new aviation refueler. The refueling speed is so fast that consumers may not require to shut off the aircraft. Thereby, the refueler can save both time and money for its consumers. In addition, the tank is equipped with ground level fire extinguishers, emergency shutoff system, and rollover protection system.
Some of the key players in the aircraft refuelers market are Garsite LLC; Westmor Industries; Bosserman Aviation Equipment Inc.; Tremcar Inc.; and TITAN ANTONY AVIATION INDIA.