Global Airport Stands Equipment Market by Equipment (Boarding Bridges, Preconditioned Air Units (PCA), Ground Power Units, Others),Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
The global airport stands equipment market is expected to grow from USD 1,002.4 Million in 2017 to USD 2,012.6 Million by 2025 at a CAGR of 9.1% during the forecast period from 2018-2025. Rising need for smooth and efficient functioning at airports and modernization and technological upgradation of airports are the two factors aiding the growth of this market
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The equipment segment is classified into boarding bridges, Preconditioned Air Units (PCA), ground power units and others. The Preconditioned Air Units (PCA) segment is further divided into flexible preconditioned air unit and movable preconditioned air unit. The boarding bridges segment dominated the market in 38.90% 2017.Boarding bridges are one of the important components of airport ground systems, which helps in successful and safe passenger movements without any kind of exposure to the outer elements.They are being produced in a highly customised manner to meet out requirements depending upon the height, fuelling position and type of aircraft. Different types boarding bridges include, nose loader bridges, T-bridge, apron drive bridges, commuter bridges and many more.
As per the statistics revealed by International Air Transport Association (IATA), the total number of air trips have witnessed a considerable increment of nearly seven per cent during the time period of 2016-2017. For instance, Champion GSE, an industry-leading producer of stronghold engine stands, containers and affiliated ground support equipment, partnered with Singapore Aerospace and Aviation Services Pte Ltd (SAAS), an aircraft ground support equipment (GSE) and services provider headquartered in Singapore to extend our sales, training and after-purchase support to those in the Southeast Asia region
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. TheAsia-Pacificregion is dominating the market due to the growth in China and India driven by the increase in passenger traffic and the number of airports. North America is anticipated to grow rapidly owing to renovation of old airports. As per the statistics revealed by U.S. Bureau of Transportation, both U.S. airlines and foreign airlines serving the United States carried an all-time high of 965.0 million scheduled service passengers in 2017, which was 3.4 per cent more than 2016 figure.
The major players ofmarketinclude JBT Aerotech, ThyssenKrupp Airport Systems, Inc., TUG Technologies Corporation, Cavotec SA,ShinMaywa Industries Ltd., Safegate Group, FMT Airport Systems, Adelte Group, Aerospace Specialties, Inc., and Omega Aviation Inc. For instance, the DoKaSch trademark is the leader of modern air cargo ULD technology and provides the provision of services in a high-performance network of companies.