LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global military aircraft hangars market report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the report, the global military aircraft hangars market is highly fragmented, with several multinational, regional, and local suppliers offering homogenous products and services. Since the market is highly competitive, vendors are obliged to compete based on cost, reliability, and service quality. The local suppliers have been in the process of achieving significant growth by offering innovative and efficient solutions at lower prices than the multinational vendors, eventually leading to price wars and dwindling margins. “The small and local companies have been predominantly competing in terms of cost because it becomes difficult for them to compete with established global vendors in terms of quality, attributes, and range of product or service offerings,” says Moutushi Saha, lead defense analyst from Technavio.
The report also states that the market is cyclical in nature, and the demand for military aircraft-related services is vulnerable to a sudden economic downturn or reduction in government defense expenditure. The falling economic conditions in many regions and countries will have a significant negative impact on the growth of the market, and vendors can experience a considerable shortfall in the demand for their products and services. Offering long-term support, in addition to technological advancement, can be a significant strategy for vendors to acquire and sustain new business opportunities.
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Technavio’s aerospace and defense research analysts identify the following key vendors:
AECOM is a global engineering company that provides design, consulting, and construction services to global defense agencies, along with commercial clients. The company offers a comprehensive array of engineering and technical support services to the military and defense customers for allowing them to reduce the overall operational costs to ensure missions’ effectiveness. It engages in the planning, design, and construction of military aircraft hangars across the globe. The company also construct aircraft hangars for civil aviation.
Alaska Structures is a manufacturer of fabric structures for commercial, industrial, and governmental use. The company constructs fully engineered garages, storage buildings, hangars, warehouses, dining halls, workshops, shelters, and other facilities. The company’s aircraft hangars are used globally for helicopters, fixed-wing aircraft, unmanned aerial vehicles, and other airport equipment operating in isolated and harsh environments. These temporary or semi-permanent hangars can be easily deployed, disassembled, and redeployed as and when required, or stranded in place for over 20 years.
Contrack Watts is an engineering, procurement, and construction services provider. The company primarily engages in the US government funded projects across the globe. The company designs and constructs military aircraft hangars across the globe. It operates locations in the US, Cairo, Qatar, Bahrain, Japan, and Afghanistan. In 2014, the company constructed interim maintenance facilities for the Kuwait Air Force at the Al Mubarak Air Base in Kuwait. The project included construction of hangar that is capable of housing two KC-130J transport aircraft, along with aircraft maintenance and warehouse facilities.
DIUK ARCHES designs, manufactures, and supplies steel arch shelters across the globe. The company operates as a subsidiary of an Israel-based cold-formed metal products supplier, Diuk Group. The company engages in the design and manufacture of multi-purpose steel hangars for the military and government agencies across the globe. It manufactures fixed or portable housing and offices for the military agencies. The company offers customized aircraft hangars for aircraft storage or maintenance applications. These hangars are capable of withstanding extreme conditions, including tornadoes, hurricanes, earthquakes, and heavy rain or snow. The arch-based design of such hangars ensures seamless transportation during combat situations.
Rubb Buildings is a designer and manufacturer of fabric buildings worldwide. The company is engaged in several industrial applications, including construction of aircraft hangars, salt sheds, port buildings, environmental remediation structures, and sports buildings. The company is a leading manufacturer of military shelters, including military warehouses, aircraft sunshades, UAV shelters, and aircraft hangars. These hangars are easily deployable, recoverable, and storable after use. These standardized designs based hangars are used by the UK’s Royal Air Force, as well as armed forces.
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