Airport stands equipment Market by Type (Boarding Bridges, Preconditioned Air Units (PCA), Ground Power Units, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

According to a recent report published by Allied Market Research, titled, Airport stands equipment Market by Type: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global airport stands equipment market was valued at $1,096 million in 2016, and is projected to reach at $1,547 million by 2023, growing at a CAGR of 5.20% from 2017 to 2023.

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Continuous rise in global freight and passenger traffic, modernization of airports, and high demand of new aircrafts drive the growth of the global airport stands equipment market. However, long shelf life of airport stand equipment and dearth of skilled workforce hampers the market growth.

Key Benefits:

•This study includes the analytical depiction of the global airport stands equipment market along with current trends and future estimations to determine the imminent investment pockets.
•The report presents information related to key drivers, restraints, and opportunities.
•The current market is quantitatively analyzed from 2016 to 2023 to highlight the financial competency of the industry.
•Porter’s Five Forces analysis illustrates the potency of buyers & suppliers in the global airport stands equipment industry.

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Top Impacting Factors
The airport stands equipment market growth is expected to be driven by continuous rise in global freight and passenger traffic, modernization of airports, and high demand for new aircraft. However, long shelf life of airport stand equipment and dearth of skilled workforce are expected to negatively impact the market growth during the forecast period.

Key Market Players:

•Aero Specialties, Inc.
•Airport Equipment
•FMT Aircraft Gate Support Systems AB
•Textron Inc.
•JBT Corporation
•Cavotec SA
•ThyssenKrupp AG
•ADELTE Group S.L.
•HDT Global
•ShinMaywa Industries, Ltd.

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The report focuses on the growth prospects and restraints of the market based on the analysis of regional trends. The study provides Porter’s Five Forces analysis of the industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the market.

Asia-Pacific is expected to grow at a highest growth rate, due to continuous rise in number of airports in developing economies such as China and India.

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