Press release
Airport Stands Equipment Market Report 2024-2033: Global Outlook, Growing Demand, Rising Trends And Major Players
Airport Stands Equipment Market
The airport stands equipment market size is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to investment in research & development, safety enhancement measures, customized solutions, adaptability to aircraft diversity, airport expansion and development. Major trends in the forecast period include integration with airport management systems, infrastructure upgrades, ground handling automation, smart infrastructure integration, remote monitoring and control, adoption of iot and sensors.
Market Overview -
The airport stands equipment is the part of an aerodrome apron intended to be used for parking the aircraft for the purpose of loading or unloading passengers and providing ground services.
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Rising Global Freight And Passenger Traffic To Drive Airport Stands Equipment Market Growth
The rise in global freight and passenger traffic is expected to propel the airport stands equipment market going forward. 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. For instance, according to the May 2022 passenger data published by the IATA (International Air Transport Association), a trade association for the world's airlines, total air traffic was up 83.1% compared to May 2021, mostly driven by a strong recovery in international traffic. Further, in May 2022, international traffic grew 325.8% versus May 2021. Therefore, the rise in global freight and passenger traffic will drive the growth of the airport stands equipment market.
Competitive Landscape -
Major companies operating in the airport stands equipment market report are Cavotec SA, John Bean Technologies Corporation, 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 SAS, Fabrication Authorities International Inc., HHI Corporation, Hydro System KG, JETechnologies Solutions Inc., Textron Ground Support Equipment Inc., Semmco Ltd., Waag Aircraft, Wildeck Inc., Air+Mak Industries, Aviaco GSE, Charlatte America, CIMC-TianDa Airport Support Ltd., Douglas Equipment Ltd., ITW GSE, Kalmar Motor AB, LÖDIGE Industries GmbH, Mallaghan Engineering Ltd., Mulag Fahrzeugwerk Heinz Wössner GmbH u. Co. KG, Phoenix Metal Products Inc., Powervamp Ltd., Rusada Aviation Private Limited, TCR International NV, TLD Group, Tronair Inc., Vataple Group, Vestdavit AS, Vestergaard Company
Technological Upgrades Transform Airport Stands Equipment Market
Technological upgrades are a key trend gaining popularity in the airport stands equipment market. 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. For instance, in May 2022, Dabico Airport Solutions, a Dubai-based ground support equipment manufacturer and service provider, introduced a new raft with 400Hz power supply and integrated operational control systems to help airlines and airport operators improve the health and safety of their passengers and employees, in addition to efficiency and sustainability of their operations. The Dabico 400Hz-eGPU lowers running costs compared to conventional diesel-powered units while also lowering pollutants and noise levels, reducing environmental impact and improving health results for individuals working in and near airports.
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Key Segments -
The airport stands equipment market covered in this report 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)
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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