Airport Stands Equipment Market Competitive Research, Demand and Precise Outlook 2021 - 2030

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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Competitive Landscape

Some of the key players of the global airport stands equipment market include ShinMaywa Industries, Cavotec SA, TUG Technologies Corporation., JBT, FMT Aircraft Gate Support Systems AB, Aero Specialties, Inc., Omega Aviation Services, Inc., ThyssenKrupp Airport Systems, Ltd., and others.

The cutting-edge product launches, facility expansions and collaborations among the market players, is taking the global airport stands equipment market to new-heights. For instance, in July 2018, the very well-known Textron Ground Support Equipment Inc. announced its first pushback in the new ALPHA series of conventional pushbacks, named ‘TUG ALPHA 4.’ The pushback is capable of moving aircraft up to the Airbus A340 and Boeing 747, with a maximum drawbar pull of 72,000 pounds and maximum net vehicle weight of 120,000 pounds.

Besides, in March 2020, the major market player Cavotec SA bagged two major ground support equipment (GSE) orders costing more than 3 million euros. The airports being Chengdu Tianfu International Airport and Beijing Capital International Airport based in China. With this, Cavotec confirms its position as a leading supplier and systems integrator for the fast-growing Asian aviation market.

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Market Dynamics and Trends

The global airport stands equipment market shows lucrative growth, owing to ever-increasing air-travel, global trade, and cargo-traffic. Furthermore, market trends such as constantly multiplying population, rapid urbanization, increase in disposable income as well as decrease in ticket-fares, tend to foster the tourism industry, which in-turn supplements the market growth.

Besides market dynamics like expansion and upgradation of existing airports, construction of new airports, as well as growing demand for new aircrafts, are anticipated in boosting-up the growth of the airport stands equipment market during the forecast period.

However, factors such as long shelf-life of airport stand equipment and lack of skilled work-force are expected to hamper the growth of the airport stands equipment market during the forecast period.

Moreover, growing demand for greenfield and brownfield airport projects is anticipated in creating lucrative opportunities for the global airport stands equipment market in future.

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