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Global Airport Stands Equipment Market Forecast 2023-2032 - Size, Lucrative Segments And Leading Regions
Airport Stands Equipment Market
The Business Research Company's Airport Stands Equipment Global Market Report 2023 identifies global freight and passenger traffic as the major driver for the Airport Stands Equipment market's growth in the forecast period. Air freight traffic is increasing due to the need for speedy goods transportation and supply chain congestion. Additionally, air passenger traffic is increasing due to rising income levels and economic and demographic growth. The rise in freight and passenger traffic requires equipment to support airport operations and creates a need for regular aircraft maintenance, simultaneously creating demand for airport stand equipment.
The global airport stands equipment market size is expected to grow from $2.05 billion in 2022 to $2.20 billion in 2023 at a compound annual growth rate (CAGR) of 7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The airport stands equipment market size is expected to reach $2.79 billion in 2027 at a CAGR of 6.1%.
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Major competitors in the Airport Stands Equipment market are Cavotec SA, JBT Aerotech, ThyssenKrupp Airport Systems Inc., ShinMaywa Industries Ltd., FMT Airport Systems, Adelte Group, Aerospace Specialties Inc., Omega Aviation Inc., TUG Technologies Corporation, Safegate Group, Dedienne Aerospace, Fabrication Authorities International Inc., HHI Corporation, Hydro System KG, JETechnologies Solutions Inc., Textron Ground Support Equipment Inc., Semmco Ltd., Waag Aircraft, and Wildeck Inc
A key trend in the Airport Stands Equipment market includes Technological upgrades. Major companies operating in the airport stand equipment market are focused on developing technologically advanced airport stands equipment for reliability, easy operation, and maintenance and strengthening their position in the market.
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The Airport Stands Equipment market is segmented -
1) By Stands: Engine Access, Landing Gear Access, Wheel, Aircraft Entry, Cabin Interior, Other Stands
2) By Equipment: Passenger Boarding Bridge, Preconditioned Air Unit, Stands Entry Guidance System, Electrical Ground Power Unit
3) By Platform Type: Fixed, Movable
4) By Application: Aircraft Operations, Maintenance, Repair, And Overhual (MRO)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Airport Stands Equipment market.
The Business Research Company's "Global Airport Stands Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Airport Stands Equipment Market Include:
1. Executive Summary
2. Airport Stands Equipment Market Characteristics
3. Airport Stands Equipment Market Trends And Strategies
4. Airport Stands Equipment Market - Macro Economic Scenario
5. Airport Stands Equipment Market Size And Growth
........
26. Africa Airport Stands Equipment Market
27. Airport Stands Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Airport Stands Equipment Market
29. Airport Stands Equipment Market Future Outlook and Potential Analysis
30. Appendix
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