Passenger Stairs Market SWOT Analysis by Lead Segment from 2023-2031 | Gate GSE, Denge Airport Equipment

Passenger Stairs Market

The Passenger Stairs market is growing with the expansion of the aviation industry. The increasing number of passengers, rising disposable income, and busy lifestyle are some of the factors that are propelling the growth of Passenger Stairs market. Technological advancements in the Passenger Stairs market such as introduction of new materials and design is also aiding in the growth of Passenger Stairs market. Passenger Stairs are mostly used in airports and some other public places. Passenger Stairs have been designed to provide safety to passengers, as well as for transporting them from one level to the another.

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There are three main types of Passenger Stairs available on the market today: Standard Passenger Stairs, Compact Passenger Stairs, and Telescopic Passenger Stairs. Standard Passenger Stairs provide basic stairway access between two points in an enclosed structure such as an airport.

Compact Passenger Stairs are designed to fit into tight spaces while providing basic stair access and Telescopic Passenger Stairs can be extended to provide increased space when needed and then retracted when not in use. Depending on the size of the facility or building, different types of Passenger Stairs will be appropriate for different situations.

Key Players- 

Examples of some market participants in the global passenger stairs market identified across the value chain include:

• Gate GSE
• Denge Airport Equipment
• TLD Group
• Omega Industrial Products
• Sitnar Corporation
• Metal Solutions Design & Fabrication LLC
• NMC Wollard Inc.
• FMC Technologies
• Excel Group of Companies
• TEC Huenert GmbH
• Absolute GSE Inc

According to the United Nations, fifty percent of the global population lives in cities and the number is expected to reach up to seventy percent by the next 40 years. Eventually, people will need better transportation to commute from one city to another, which will drive the demand for aircrafts along with an increase in the demand for ground support equipment (i.e. passenger staircase). Passenger staircases are used by ground handling staff at airports to facilitate boarding and departure of passengers to and from an aircraft.

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Over the years, the passenger staircase has become an important equipment in handling passengers movement at airports. Some budget airlines use passenger stairs instead of airstairs or aerobridges to reduce the cost and turnaround time. Unlike traditional staircases, these staircases are ergonomically designed and reliable for long term ownership. Such staircases are safe, efficient, stable and efficient for the long run. Additionally, a variety of these passenger stairs are diesel powered due to strict emission norms in European countries.

Passenger Stairs come with features such as retractable stairs and adjustable heights according to the requirement of the user. Passenger Stairs are made using high quality materials and feature automatic mechanism that allow the stairs to be opened or closed at a push of a button. Passenger Stairs can also be designed in various styles, sizes, and shapes according to customer requirements. Passenger Stairs market is expected to grow exponentially over the forecast period due to increasing demand for Passenger Stairs across different applications such as airports, parks, schools, etc.

Manufacturers in this market are focusing on producing Passenger Stairs with innovative features such as automatic opening and closing, adjustable height, etc. in order to meet the changing customer requirements. Passenger Stairs market is anticipated to witness significant growth over the forecast period due to rising demand for Passenger Stairs across different applications. Furthermore, constant innovations, technological advancements and new product launches are some other factors driving the Passenger Stairs market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

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Passenger Stairs Market: Segmentation

Broadly, the passenger stairs market can be segmented on the basis of type: self-propelled and towable. The global passenger stairs market can be segmented on the basis of whether they are manually towed or powered by a diesel/petrol engine or electricity. Wherein, the self-propelled segment is estimated to dominate the global passenger staircase market in terms of volume over the forecast period, owing to fast movement of aircraft services. Also, the increase in demand for aircrafts in countries such as India, Brazil and China is growing steadily, which will eventually propel the passenger staircase market.

Additionally, the global passenger stairs market can be segmented by use as: military, airport and others (mining, construction). Application wise, the airport segment is estimated to grow at a high CAGR due to rising demand from airlines. The market for airports is large in Western Europe, Asia Pacific and North America, owing to the increase in expansions and rise in the number of airports. Over the forecast period, the region-wise global passenger stairs market is expected to grow at significant rate owing to the increase in demand for airports. Key economies in the Asia-Pacific region that are expected to contribute largely to the growth of the market are South Korea, China, India and Japan. Europe and North America are forecasted to remain dominant markets over the forecast period.

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