Jet Bridge Market Witness to Increase Capital Investment in Aircraft Industry During Forecast 2024 - John Bean Technologies Corporation, Airport Equipment, Thyssenkrupp AG, Shinmaywa Industries and others

Jet Bridge Industry Analysis:
Jet Bridge also known as jet way, Aero bridge and passenger boarding bridge (PBB) having fixed as well as movable connector basically extends length and bridges gap between airplane and its terminal gate. These Aero bridge depends on plane to plane according to their height, fuel position, and many more. It improves security of passengers and make them comfort so that they can board also easy mobility with swing function drives the market.

Factor acting as a restraint for market is initial cost for making jet bride is high because of high price of materials. Apart from this, with more enhancement in aerobridge system, sooner it will come up with specialized wheelchair lift for person with disability which will bring more opportunities to the market to grow in coming years.

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Jet Bridge Current Market Scenario and Forecast:

Global Jet Bridge market is expected to flourish at a remarkable compound annual growth rate (CAGR) of 8.7% during the forecast period i.e. 2017-2024. The global market of Jet Bridge stood at revenue of USD 760.9 Million in 2016 and is expected to flourish at a remarkable pace and reach at a revenue of around USD 1,300 Million by the end of forecast period. Rising concern towards safety of passengers at airports, development of new airports and advancement of existing airports are major factors which are likely to drive the growth of global Jet Bridge market during the forecast period.

Asia Pacific: The Largest Market for Jet Bridge

Moreover, ongoing project for new airports and increasing air traffic in Asia Pacific region are propelling the demand for jet bridges at airports of this region. These are some of the major factors which are likely to make Asia Pacific the fastest growing market for jet bridge during the forecast period. Additionally, Europe region is anticipated to witness a remarkable growth over the forecast period owing to factors such as enhancement of infrastructure of existing airports coupled with growing number of passenger at the airports in this region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.

Also, key Jet Bridge market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

Market Segmented By Target Audience
Original Equipment Manufacturer’s, Component Manufacturers, Airport Agencies, Investors, Research and Development Centers and Others

Some of the key players influencing the market are the list of companies for Jet Bridge Market are - John Bean Technologies Corporation, Airport Equipment, Thyssenkrupp AG, Shinmaywa Industries, Vataple Group, Fmt Aircraft Gate Support Systems AB, Adelte Group S.L., Hübner GmbH & Co. KG, Ameribridge, Inc. and China International Marine Containers (Group) Company Ltd. among others.

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This release was published on openPR.