Aircraft Hangars Market, By Product Type (BVE Structure, AVS Structure, AVC Structure, and Others), By Application (Personal, Military, Commercial Airport, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Aircraft Hangars Market was valued at US$ 793.7 million in 2024 and is projected to grow at a CAGR of 4.4% to reach US$ 1171.4 million by 2034.

An aircraft hangar, sometimes known as an airplane hangar, is a massive workshop or structure used to maintain and store aircraft, including helicopters and airplanes. Typically, these buildings are built to protect aircraft from the harsh elements—rain, snow, wind, and sun—and to offer a safe space for aircraft upkeep, repairs, and storage. Hangars for airplanes are essential for protecting expensive property, guaranteeing aircraft upkeep, and adhering to construction laws and safety regulations.

Depending on the kind and quantity of aircraft they are meant to hold, airplane hangars are made in various shapes and sizes. They can be anything from simple hangars for a single aircraft to enormous complexes that can house many major military or commercial aircraft. Hangars for aircraft are typical features of airports, military installations, and private airfields. They are vital components of the aviation sector's infrastructure, supporting commercial and private aviation and military activities.

A favorable outlook for the target market is primarily attributed to the noteworthy expansion of the aviation sector. A hangar is frequently used to house passenger and freight aircraft, perform maintenance and repairs, and lower the possibility of theft, damage, and unauthorized access. Growth in the market is also anticipated to be fueled by the rise in demand for aerospace maintenance, repair, and overhaul (MRO) services. The lengthy approval and licensing processes and the high initial cost of aircraft hangers, however, are anticipated to limit the market growth. Additionally, the zoning restrictions and land availability are anticipated to challenge the sector.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Aircraft Hangars Market Key Drivers:

Expansion of the aviation sector around the world

• The global market for airplane hangars is growing at an astonishing rate as aviation businesses around the world modernize and increase their fleets. Hangars for aircraft are essential structures that protect aircraft from the weather, provide adequate maintenance, and improve operational readiness. Vital hangar facilities are now necessary because of the growing demand for air travel, especially in emerging markets.
• For instance, in December 2023, according to an article published by the Ministry of Civil Aviation through the Press Information Bureau (PIB), the aviation industry in India is booming due to strong demand and the government's unwavering support for the industry's expansion through laws. The industry has changed dramatically, moving past past constraints to become a dynamic and competitive market. With the help of this dynamic transformation, India has emerged as the third-largest domestic aviation market globally, behind the United States and China. The last nine years have seen a notable expansion of India's aviation sector. The nation's total number of airports has doubled from 74 in 2014 to 148 in April 2023. In 2023, domestic airlines transported 112.86 million passengers between January and September, representing a 29.10% increase over the 87.42 million passengers transported in the same period in 2022.

Increase in global defense budgets  

• A nation's military budget is vital to ensure national security, deterrence, and the capacity to respond to emergencies successfully. Geopolitical tensions, modernization initiatives, and rising threats are some of the causes driving the growth in global military spending. Modern servicing facilities and specialized hangars with cutting-edge equipment are in high demand. The market is expected to benefit directly from this increase in defense spending, boosting market expansion.

Aircraft Hangars Market Restrains:

Significant capital investment and sustained funding are necessary

• Typically, hangar developments are a component of more extensive airport construction or refurbishment initiatives. Building permits mandate that these hangars be constructed per local building codes. These airport developments are likewise capital-intensive and are built in stages. Hangar projects are dependent on finance and approvals; thus, delays in either area result in delays in the other. During the forecast period, the variables indicated above impeded the target market's expansion.

Aircraft Hangars Market Opportunities:

• New technologies are enhancing aircraft hangars and the activities that occur within them. Smart hangars have emerged as a result of beneficial changes brought about by Industry 4.0 trends in aircraft construction and maintenance. Ensuring increased productivity, reliable quality output, and timely work completion, these hangers are essentially outfitted with clever solutions for frequent applications.
• For instance, in March 2024, Ubisense Group plc, a leader in enterprise intelligence solutions, was pleased to partner with MRO Drone, the innovators in autonomy and cutting-edge aviation software products. Together, these companies will offer the first-ever "Smart Hangar" solution, which combines automated tool and asset management with automated aircraft inspection to boost MRO productivity and efficiency. Drone-based aircraft damage inspection with Smart Hangar delivers quantifiable economies across fleet maintenance and can cut Aircraft on-ground (AOG) time by up to 90%. Through reliable work package staging, sensor-driven feedback on work package execution, and real-time view of tools and equipment, it facilitates higher productivity and decreases delays.

Aircraft Hangars Market is segmented based on product type, application, and region.

Product Type Insights

• BVE Structure: The steel frame design of the BVE structural type is well-liked for storage, sports, and aviation applications since it maximizes interior clearance. Building BVE structures with one or more roof pitches for each span is possible. Additionally, multiple spans can be connected to one another. There are numerous options to personalize the BVE. The building can be mobile by putting it all on wheels and extending the leg height for more inside clearance.
• AVS Structure: Arch Vaulted Structures, or AVS Structures for short, are wide-span hangars made possible by the strength of arches. AVS buildings have a single-slope roof and vertical lattice frame sides.
• AVC Structure: Arch Vaulted Concrete, or AVC Structure, is a method of forming hangars with remarkable structural strength and endurance using reinforced concrete.
• Others: Alternative hangar designs, such as steel truss hangars or hybrid constructions made of several materials, are included in the others category. These various varieties meet a range of needs in the aviation hangar market.

Application Insights

• Personal: This application type involves secure storage and repair facilities for private aircraft, which are advantageous to individuals or private owners in the personal aircraft hangar sector.
• Military: To ensure that military aircraft are operationally ready and safeguarded properly, aircraft hangars are required by the military industry.
• Commercial Airport: This category includes aircraft parking, maintenance, and repairs, just a few of the uses for commercial airports' aircraft hangars.
• Others: Aircraft hangars are also necessary for the storage and operation of businesses like air freight, firefighting, and emergency services, which collectively fall under the other category.

Regional Insights:

Aircraft Hangars Market Regional Insights

• The North American market is estimated to witness a significantly high revenue share over the forecast period, owing to the presence of important players in the area and improved spending on airport renovation and development.
• Asia Pacific market is estimated to witness the fastest revenue share because of higher funding allocated to developing new airports. Growth in the airplane hangar market is anticipated due to the region's growing number of Greenfield projects and rising air travel demand.
• The European market is expanding steadily due to growing airport modernization programs, and new aircraft deliveries from local OEMs are credited with the European region's growth. As a result, market expansion in this area will be fueled by the rise in MRO activity.
• The Latin American market is an emerging region that may grow due to a rise in general aviation, commercial, and tourist flights and passenger traffic.
• The Middle East and Africa market is in its developmental stages. The target market is fueled by large aircraft fleets possessed by several Middle Eastern nations, including Saudi Arabia, Israel, Turkey, and others. They are well-liked MRO destinations because of their advantageous positions, which offer access to every part of the globe.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Aircraft Hangars Market report based on product type, application, and region:

Aircraft Hangars Market, By Product Type:

• BVE Structure
• AVS Structure
• AVC Structure
• Others

Aircraft Hangars Market, By Application:

• Personal
• Military
• Commercial Airport
• Others

Aircraft Hangars Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Aircraft Hangars Market include Worldwide Steel Buildings, Inc., Nucor Building Systems Utah LLC, Alaska Structures, Rubb Buildings Ltd., Erect-A-Tube, Inc., FULFAB, REIDsteel Ltd., Roder HTS Hocker GmbH, Delma Srl, and Allied Buildings Products Corp.

• In June 2023, SML Group built the Indian Air Force a new hangar for aircraft at the Air Force Station in Agra, India. The new hangar will have the capacity to handle a wide range of aircraft, such as helicopters, transport planes, and fighter jets. This will allow the business to serve a larger clientele and increase its footprint in the Asia-Pacific area.
• In March 2021, Allied builders introduced Aircraft Hangar Kits, a dependable answer for custom hangars, maintenance, and repair requirements. Due to the prefabricated steel building systems' clear span framing and durability, customers were able to save time and money during construction while guaranteeing the safety and preservation of their valuable aircraft. The market exposure of Allied Steel Building was further improved by the acknowledgment of the Hangar kits' building benefits and dependability, which may result in new partnerships.

• Worldwide Steel Buildings, Inc.*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Nucor Building Systems Utah LLC
• Alaska Structures
• Rubb Buildings Ltd.
• Erect-A-Tube, Inc.
• FULFAB
• REIDsteel Ltd.
• Roder HTS Hocker GmbH
• Delma Srl
• Allied Buildings Products Corp.

"*" marked represents similar segmentation in other categories in the respective section.