Passenger Boarding Bridge Market to witness 7.2% CAGR over the Next Five YearsPassenger Boarding Bridge Market to witness 7.2% CAGR over the Next Five Years

Stratview Research has launched a research report on Passenger Boarding Bridge Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Passenger Boarding Bridge Market from 2016 to 2021.

This report is segmented in seven ways to provide a 360-degree holistic view. The segments are –
● by Application Type (Airport and Seaport)
● by Bridge Type (Apron Passenger, Commuter Passenger, and Others)
● by Mechanism Type (Electro-Mechanical and Hydraulic)
● by Structure Type (Glass Walled and Metal Walled)
● by Tunnel Type (Two Tunnel and Three Tunnel)
● by Product Nature Type (Fixed and Moveable)
● and by Region
○ North America (Country Analysis: USA, Canada, and Mexico)
○ Europe (Country Analysis: Germany, France, UK, Russia, and Rest of the Europe)
○ Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
○ Rest of the World (Country Analysis: Middle East and Latin America)

Stratview Research, has presented the study of Passenger Boarding Bridge Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

New product development, technology development in the areas of automation, structural design, energy consumption, IT, and long-term contracts are the key strategies adopted by the major players to gain competitive edge in the market.

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Increasing passenger traffic and high turnaround time of the aircraft

Passenger boarding bridges (PBB) are used to enhance passenger comfort on the way from the terminal to the plane. Additionally, it increases security by providing a controlled and a safe passage to the passengers from the boarding gate in the terminal to their seat on aircraft.

The passenger boarding bridge market offers good growth opportunity and is likely to grow at 7.2% CAGR during the forecast period of 2016 to 2021.

Increasing passenger traffic, renewal and upgradation of older equipment, extensions of existing terminals, and construction of new airports are some of the key growth drivers of the passenger boarding bridge market. Increasing passenger traffic and high turnaround time of the aircraft are putting pressure on airport agencies to develop a better infrastructure including the advanced passenger boarding bridges.

Airport segment to experience the fastest growth in the next five years

Airport segment is expected to remain a growth engine of the passenger boarding bridge market during the forecast period. The segment is expected to experience the fastest growth in the next five years, driven by on-going and upcoming airport infrastructure projects, modernization of existing airports, and green field airport projects. Seaport PBB is expected to experience moderate growth rate for the same period.

Arpon passenger boarding bridge to remain the largest bridge type

There are several types of bridge systems used in the airports, such as arpon, commuter, nose loader, and T-Bridge. Arpon passenger boarding bridge is expected to remain the largest bridge type during the forecast period. Arpon PBB is expected to witness the highest growth rate for the same period as it allows a variety of docking heights (narrow body to wide body aircraft) and ample lateral movement and 360-degree directional bogies. Arpon passenger boarding bridge is also suitable for double decker aircraft like A380.

Glass walled passenger boarding bridges are widely preferred across regions and is likely to experience the fastest growth rate in the next five years. Steel sided walls are mainly preferred in the US and Latin America, as they provide more space for advertising and are slightly less expensive.

Asia-Pacific to remain the largest market

Asia-Pacific region is expected to exhibit the fastest growth during the forecast period due to on-going and upcoming airport projects and upgradation of existing airports. The developing countries, mainly China and India are likely to drive the demand of airport passenger boarding bridge market in the Asia-Pacific region in next five years.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Market structure: Overview, industry life cycle analysis, supply chain analysis
● Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend and forecast analysis
● Market segment trend and forecast
● Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
● Attractive market segments and associated growth opportunities
● Emerging trends
● Strategic growth opportunities for the existing and new players
● Key success factors.
● Research Methodology

This report studies the Passenger Boarding Bridge Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
o Extensive secondary research,
o Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
o Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
o More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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