Market Overview
The global aircraft jack market is projected to register a CAGR of 3.2% between 2021 and 2027. Aircraft jacks are an essential component in the maintenance of aircraft. Jacks are installed to lift the aircraft and carry out repair and routine maintenance. Broadly, aircraft jacks are classified as hydraulic and pneumatic. There are different kinds of hydraulic jacks used in aircraft maintenance. Among all hydraulic jacks, the axle jack is one of the most used jacks in the aviation industry. This jack is used in brake service, tire replacement, and other maintenance works.
The increasing demand for new aircraft and growing expenditure on their maintenance are proliferating the market growth. End-users such as military and commercial establishments are increasingly focused on increasing the shelf-life of aircraft. Thus, jacks are indispensable to aircraft maintenance and are expected to be in demand as new aircraft procurement increases globally.
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Market Segmentation
The Pneumatic Segment is Expected to Record the Higher Growth in the Market: The pneumatic aircraft jack segment is expected to witness higher growth over the forecast period due to its ability to effortlessly lift the weight. Additionally, these jacks are cost-effective as they require less maintenance. Materials used in the manufacturing of pneumatic jacks tend to last longer. With line maintenance activities being a vital part of aircraft maintenance, repair, and overhaul (MRO), pneumatic jacks are expected to continue to get traction over the forecast period.
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Regional Analysis
In addition, the rise in the number of aging aircraft and the need for their periodic maintenance are further likely to drive the demand for aircraft jacks. Periodic maintenance tends to increase the overall life of military aircraft.
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