Airport snow removal vehicles and equipment are specially devised machineries which help in removing snow at the airport within a short period of time. This equipment is widely seen in airports to remove snow from runways and taxiways. The worldwide airport snow removal equipment and vehicles market has recorded substantial development over the preceding decade. The surging demand for airport snow removal equipment and vehicles is primarily owing to the growing requirement for these from markets such as Europe and North America.
The comprehensive study conducted by Market Research Future (MRFR) concluded that since the airport snow removal vehicles and equipment market registered an impressive turnover of USD 2,569.36 mn in 2018, the market is likely to generate a turnover of USD 3,137.93 mn by the conclusion of 2025. The market is expected to grow at 3.39% CAGR.
Key Players:
Global airport snow removal vehicles and equipment market is dominated by players such as Henke Manufacturing Corporation (US), Team eagle (US), M-B Companies (US), Oshkosh Corporation (US), Alamo Group (US), Wausau Everest (US), Kiitokori Oy (Finland), Multihog Limited (Ireland), Kodiak America (US), and Boschung Group (Switzerland).
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Market Segmentation:
The report published by Market Research Future segments the worldwide airport snow removal vehicles and equipment market based on airport type, region, and product type. Based on airport type, the global airport snow removal vehicles and equipment market is segmented into international and domestic airport. Under the airport type, the international airport type represented a considerable share during 2018 and is estimated to grow at an impressive CAGR throughout the forecast period. Based on product type, the global airport snow removal vehicles and equipment market is segmented into blowers, de-icers, loaders, rotary brooms, and sprayer trucks and spreaders. In 2018, blowers represented the largest market share of 38.69% and is anticipated to report growth at a higher CAGR over the assessment period.
Regional Analysis:
Geographically, the global airport snow removal vehicles and equipment market is segmented into Europe, Latin America, APAC, North America, and the Middle East & Africa. The global market was dominated by the Americas during the 2018. The Americas represented a 49.85% share of the global market. North America was followed by Asia-Pacific, Europe, and the Middle East and Africa in terms of market share.
The primary driver for growth of the market in North America can be attributed to the initiatives undertaken by the government. Recently, U.S. Transportation Secretary Elaine Chao declared that six airports in Michigan has been allocated almost $40 mn in federal infrastructure grants for work. The grants are allocated under the FAA’s Airport Improvement Program, and an amount of $986 mn has been allocated this time around. Nationwide, more than $3 bn grant has been given out already. The substantial investment in airport developments in Michigan is projected to fund rehabilitation and construction projects that will assist them in maintaining surged levels of protection within the U.S. aviation. The largest amount of $12.38 mn has been allocated for the Detroit Metropolitan Airport for the purpose of taxiway renovation.
Furthermore, the Detroit Willow Run Airport has been allocated $403,157 to obtain new snow removal equipment. Such noteworthy endeavors by the government, develops the demand for airport snow removal vehicles and equipment within the North America. Additionally, the presence of prominent players and their constant efforts to make a mark within the North America market makes it a lucrative platform for the growth of airport snow removal vehicles and equipment. An Oshkosh Corporation Company under the name of Oshkosh Airport Products, LLC, recently announced that its European Roadshow will extend the airport snow removal authorities an immersive and hands-on experience to learn about the most pioneering equipment in the vertical.
Table of Content:
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Continued. . .
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List of Tables:
TABLE 1 GLOBAL AIRPORT SNOW REMOVAL VEHICLES AND EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023
TABLE 2 GLOBAL AIRPORT SNOW REMOVAL VEHICLES AND EQUIPMENT MARKET, BY AIRPORT TYPE, 2015-2023
TABLE 3 GLOBAL AIRPORT SNOW REMOVAL VEHICLES AND EQUIPMENT MARKET, BY REGION, 2015-2023
TABLE 4 NORTH AMERICA AIRPORT SNOW REMOVAL VEHICLES AND EQUIPMENT MARKET, BY COUNTRY, 2015-2023
TABLE 5 North America AIRPORT SNOW REMOVAL VEHICLES AND EQUIPMENT Market, BY Product Type, 2015-2023
Continued. . .
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