Press release
Aerobridge Market Analysis 2020-2025: Growth by Top Companies- Thyssenkrupp, ADELTE - The Boarding Company, CIMC-TianDa, ShinMaywa Industries, Ltd., JBT Corporation, PT Bukaka Teknik Utama Tbk, FMT Sweden AB, Airport Equipment, Vataple Machinery (Kunshan)
Aerobridge Market
Exceptional growth in the aviation industry is a result of transforming lifestyle standards and increasing disposable income levels which are supported by a drop in airfare prices. As per statistics by International Air Transport Association, passengers using air mode of transport are expected to increase up to 8.2 billion by the end of 2037. Apparently, these burgeoning statistics prompt the need to modernize airport infrastructure and consider deploying aerobridge to aid passenger comfort, thereby boosting aerobridge market dynamics.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Thyssenkrupp
2. ADELTE - The Boarding Company
3. CIMC-TianDa
4. ShinMaywa Industries Ltd.
5. JBT Corporation
6. PT Bukaka Teknik Utama Tbk
7. FMT Sweden AB
8. Airport Equipment
9. Vataple Machinery (Kunshan) Co. Ltd.
10. Muhibbah Airline Support Industries Sdn Bhd (MASI)
However, aerobridge market is expected to witness a slight downfall in growth owing to the dearth of financial support. Considering the rising air passengers and current airport infrastructure, various regional airport authorities have desisted from installing and maintaining jet bridges on accounts of minimal capital investment. This scarcity of finance has encouraged low cost airlines to opt for ferry buses and step ladders due to shorter turnaround times and better performances, thereby impeding the growth of market.
The global aerobridge market from noseloader segment is expected to amass hefty proceeds by the end of 2025. Noseloader aerobridges enable the movement of tunnel around two axes, horizontal and vertical, thereby cutting down the operational and maintenance costs.As per estimates, the noseloader segment is predicted to exceed 1500 units over the foreseeable period.
Worldwide market is characterized by two different wall structures namely, steel and glass structures. Amongst these, steel walled jet bridges or aerobridges are expected to perform exceptionally well in the upcoming years and would record a remuneration of USD 3.5 billion by the end of 2025. This segmental growth is ascribed to their use for various brand promotions by vivid advertising agencies. Glass aerobridges act as an integral component of outdoor advertising and offer opportunities to effectively convey brand messages to thousands of passengers on a daily basis.
Considering the regional topography, Asia Pacific is estimated to emerge as a lucrative ground for aerobridge market due to the increasing air passenger traffic and proposed airport infrastructure development projects. Elaborating further, countries like India and China are planning to construct new airports in the upcoming years to facilitate the ever growing air passenger traffic, aiding the market growth across the region.
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Meanwhile, Europe is also anticipated to evolve as a major revenue pocket for aerobridge market perhaps attributing to the new airport construction projects.
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Corporate Sales, USA
Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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