Passenger Stairs Market is expected to reach a value of US$ 513.6 million by 2028

Passenger Stairs Market

The global passenger stairs market was valued at US$ 368.5 million in 2020 and is projected to grow at a CAGR of 4.8% during the forecast period of 2023-2028. The market is expected to reach a value of US$ 513.6 million by 2028. The growth of the market is primarily driven by the increasing number of airports and the rise in air passenger traffic. In addition, the growing trend towards the use of self-propelled passenger stairs is expected to drive market growth further.

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Passenger stairs are a crucial component of airports as they provide safe and convenient access for passengers to and from an aircraft. The global passenger stairs market has seen significant growth over the past few years, and this trend is expected to continue in the coming years. The report presents an in-depth analysis of the market, including market size, trends, drivers, and challenges. It also highlights the key players in the market and their strategies.

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.

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

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Market Segmentation:

The market is segmented by product type, application, and region.

By product type, the market is further segmented into self-propelled, towable, and truck-mounted stairs.

By application, the market is segmented into narrow-body aircraft, regional aircraft, and others.

By region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

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.

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The global passenger stairs market is expected to grow at a significant rate in the coming years, driven by the increasing number of airports and the rise in air passenger traffic. The market is highly competitive, with a large number of players operating in the market. The key players are focused on product innovation and strategic partnerships to maintain their market position.

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