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Passenger Boarding Bridge Market Size 2022 CAGR Status, Share, Growth Prospects, Type, Manufacturers, Segments, Development Trends

01-14-2022 07:13 AM CET | Logistics & Transport

Press release from: Market Insights Reports

The Passenger Boarding Bridge Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Passenger Boarding Bridge market growth.

The Global Passenger Boarding Bridge Market Size is Projected to Reach at a CAGR of 13% during 2022-2027.

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Market Overview:

The increasing passenger traffic is driving the demand for large aircraft. According to IATA, despite rising fuel costs and economic slowdowns, air passenger travel has grown at an average rate of 5% in the last two decades and is projected to grow at the same pace in the future. According to ICAO’s annual global statistics, the total number of passengers carried on scheduled services rose to 4.3 billion in 2018, which was 6.4% higher than the previous year, while the number of departures reached 37.8 million in 2018, a 3.5% increase. Of this, Europe accounted for 26.3% of global air passenger traffic, posting a growth of 7.2%; North America accounted for 22.4%, posting a growth of 4.7%; Asia Pacific accounted for 34.8%, posting a growth of 9.5%; the Middle East accounted for 9.2%, posting a growth of 3.9%; Latin America and the Caribbean accounted for 5.1%, posting a growth of 7.7%; while Africa accounted for 2.1% of world traffic, posting a growth of 7.5%.

Top Leading Companies:

JBT Aerotech, ThyssenKrupp Access Solutions, Hyundai Rotem, MHI, FMT, ADELTE, CEL, ShinMaywa, CIMC, Vataple

Recent Developments

In August 2019, Thyssenkrupp entered into a contract to install 42 modern passenger boarding bridges at the Adolfo Suárez Madrid-Barajas Airport in Spain. The contract also includes the maintenance of 122 passenger boarding bridges and the refurbishment of another 10. This will help both parties form a long-term business relationship.
In March 2019, ADELTE received contracts from three cruise ports in the US to deliver a total of six seaport passenger boarding bridges for their cruise terminals.

Passenger Boarding Bridge Market Segmentation by Type:

Glass Walled
Steel Walled

Passenger Boarding Bridge Market Segmentation by Application:

Newly Increased
Changed

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North America is projected to lead the passenger boarding bridges market during the forecast period.

North America is estimated to lead the passenger boarding bridges market during the forecast period. This is mainly due to the mature airport market in the US. According to the Federal Aviation Administration (FAA), passenger traffic is estimated to grow to more than a billion in the next 20 years. North America focuses mainly on R&D of its infrastructure, including PBBs, to remain economically competitive in the market.

Regional Passenger Boarding Bridge Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Passenger Boarding Bridge Market Report:

Detailed overview of Passenger Boarding Bridge Market
Changing the Passenger Boarding Bridge market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Passenger Boarding Bridge market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Passenger Boarding Bridge Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Passenger Boarding Bridge Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Passenger Boarding Bridge industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

We Offer Customization on Report Based on Specific Client Requirement:

– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

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Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.

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