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Global Airport Stands Equipment Market is expected to grow at a CAGR of 9.1% during the forecast period from 2019-2025
Global Airport Stands Equipment Market 2019, Global Airport Stands Equipment Market Growth, Global Airport Stands Equipment Market
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.
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Leadersin the industry JBT Aerotech, ThyssenKrupp Airport Systems, Inc., TUG Technologies Corporation, Cavotec SA,ShinMaywa Industries Ltdamong otherswhichare offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.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
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.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.
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Rising need of new aircrafts is estimated to drive the airport stands equipment market during the forecast period. Modernization and technological up gradation of airports and growing need for smooth and efficientfunctioning at airportsare another two key drivers aiding the growth of this market. But high operating cost of low cost carriers may obstruct the growth of the market. However, growth in greenfield and brownfield airport projects is expected to provide numerous opportunities for this market and mayboost the market in coming years.
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