Passenger Boarding Bridge Market is Likely to Grow at 7.2% CAGR Over the Next Five Years

Launching announcement of a new research report on Passenger Boarding Bridge Market which is projected to grow at 7.2% CAGR by 2021- forecasted by Stratview Research. The study provides an in-depth analysis by Application Type (Airport and Seaport), by Bridge Type (Apron, Commuter, Nose Loader, T-Bridge, and Others), by Drive System (Hydraulic and Electro-Mechanical), by Structure Type (Glass Walled and Metal Walled), by Tunnel Type (2 Tunnel and 3 Tunnel), by Product Nature Type (Fixed and Moveable), by Region (NA, Europe, APAC, ROW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021.

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Passenger Boarding Bridge (PBB) Market: Highlights

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 global 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.

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Airport segment is expected to remain a growth engine of the global 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.

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 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.

The supply chain of this market comprises raw material suppliers, component manufacturers, PBB manufacturers, distributors, and airport authorities. The key PBB manufacturers for airport and seaport are Adelte Group, CIMC Group Ltd., John Bean Technologies Corp., MHI-TES, and Thyssen Krupp AG.
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.

Report Features

The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
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This release was published on openPR.