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Airport Stands Equipment Market Competitive Research, Demand and Precise Outlook 2021 - ShinMaywa Industries, Cavotec SA
The Global Airport Stands Equipment Market size valued to USD 1.25 billion in 2019, is expected an elevation of USD 2.00 billion by 2030, witnessing a CAGR of 4.30% from 2020-2030.Airport stand equipment are support equipment used at the airports, during the arrival and departure of flights. These equipment’s ensures smooth-functioning of aircraft related operations, ensuring efficient operation of flights. Airport stand equipment solve the purpose of ground power operations, aircraft mobility, plus cargo or passenger loading/unloading operations, hence providing adequate safety along with comfort to airport staff and passengers.
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Top Companies: ShinMaywa Industries, Cavotec SA, TUG Technologies Corporation., JBT, FMT Aircraft Gate Support Systems AB, Aero Specialties, Inc., Omega Aviation Services, Inc. and others.
The global airport stands equipment market share analysis is based on the equipment type and geography. Based on equipment type, the market is segmented into Air Bridges, Preconditioned Air Unit, Electrical Ground Power Unit, and Stand Entry Guidance System. The Air Bridges are sub segmented into Steel Walled Air Bridges and Glass Walled Air Bridges. The Preconditioned Air Unit segment is further branched into Fixed Preconditioned Air Unit and Movable Preconditioned Air Unit. The Electrical Ground Power Unit segment is further sub segmented into conventional Fixed Electrical Ground Power Unit and Movable Electrical Ground Power Unit. The Stand Entry Guidance System is sub-segmented into Visual Docking Guidance System (V DGS) and Advanced Visual Docking Guidance System (A-VDGS). Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America represents a developed market; hence it is expected to hold the major market share, dominating the airport stands equipment market throughout the forecast period. This is attributable to various factors such as increase in demand for new aircrafts, rise in passenger traffic, increase in tourism industry, infrastructural developments, and others. Asia Pacific is expected to grow significantly with gradually increasing market share, owing to the presence of emerging economies majorly India and china. Moreover, factors such as increase in number of airports, rise in disposable incomes, as well as surge in international transport are expected to augment the growth of airport stands equipment market.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
The Airport Stands Equipment Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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