Passenger Boarding Bridge Market: Valued at $310.5 Million in 2021, Projected to Reach $1,033.9 Million by 2031 with a CAGR of 12.7%

According to a new report published by Allied Market Research, titled, "Passenger Boarding Bridge Market," The passenger boarding bridge market was valued at $310.5 million in 2021, and is projected to reach $1,033.9 million by 2031, growing at a CAGR of 12.7% from 2022 to 2031.

The concept of a passenger boarding bridge is typically attributed to a hanging, moveable tunnel that connects an airport to an aircraft. This bridge allows passengers to securely go from the airport terminal to the aircraft while also sheltering them from the elements. The primary goal of the passenger boarding bridge is to make it as easy as possible for passengers to get from the airport terminal to the aircraft. Modern approaches, such as movable units, are employed to move the passenger boarding bridge from one terminal end to the other more quickly. These units may be adjusted in height and can be utilized by various aircraft. For instance, in 2019, ADELTE relaunched Apronaut, the first software-based passenger boarding bridge (PBB) docking simulator in the world, to offer rigorous training in a nil-risk environment for PBB operators. This PBB docking simulator enables staff to practice, dock, activate, and dock on all types of aircraft repeatedly.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/request-sample/A09080

In addition, the passenger boarding bridge market has witnessed significant growth in recent years, owing to the expansion of the current terminals and the construction of new airports. Moreover, improvements in safety, security, ease of access, the comfort of passengers, and reduced manpower requirement are some of the benefits of the passenger boarding bridge, which leads to the rise in demand for the market. Furthermore, the companies operating in the market have adopted partnerships, investments, and product launches to increase their market share and expand their geographical presence. For instance, the Government of India planned to have a new integrated passenger terminal building expansion of Tiruchirappalli & Pune Airport by March 2022 and a few others in other states. On May 08, 2021, AAI commenced commercial operations at Rupsi airport-Northeast India's 15th airport and Assam's 7th airport. Hence, Rise in airport projects in developing economies is hence expected to create lucrative opportunities for the passenger boarding bridge market.

The factors such as rise in aviation passenger traffic, increase in demand for large aircraft, and launch of upgraded products to improve infrastructural growth supplement the growth of the passenger boarding bridge market. However, long time life cycle for replacement of passenger boarding bridges and dearth of skilled workforce are the factors expected to hamper the growth of the market. In addition, rise in greenfield and brownfield airport projects and modernization of airports creates market opportunities for the key players operating in the market.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/passenger-boarding-bridge-market/purchase-options

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
As a consequence of the COVID-19 outbreak, aerospace companies experienced production disruption and decline in demand in commercial aviation, owing shortage of staff, a halt in aircraft production, and disruption in other aircraft cargo services. The cash-constrained airlines have postponed their aircraft replacements, including the airport equipment, which in turn negatively affected the market during the pandemic due to high fuel rates during the pandemic. Moreover, the COVID-19 pandemic has impacted the end-use industries adversely, resulting in a sudden dip in 2020 passenger boarding bridge orders and installation. This is expected to negatively impact the passenger boarding bridges market in the short term, with a slow recovery expected in Q1 of 2021. However, investments have been done by major industry players and government bodies within North America and Europe to revive the semiconductor industry and the rivalry of the U.S. and China. These investments were expected to have technological dominance through indigenous capabilities are expected to support business opportunities in the coming years.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/A09080

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
By product type, the commuter bridges segment is projected to dominate the global passenger boarding bridge market in terms of growth rate.
By structure, the glass-walled segment is projected to dominate the global passenger boarding bridge market in terms of growth rate.
By elevation system, the electro-mechanical segment is projected to dominate the global passenger boarding bridge market in terms of growth rate.
By tunnel type, the air-conditioned segment is projected to dominate the global passenger boarding bridge market in terms of growth rate.
By foundation, the movable segment is projected to dominate the global passenger boarding bridge market in terms of growth rate.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
The leading players operating in the passenger boarding bridge market are A-Bridge LLC, AccessAir Systems, Inc., ADELTE Group S.L., Airport Equipment, Avicorp Middle East, Bukaka Group, China International Marine Containers, Deerns, FMT Sweden AB, HÜBNER GmbH & Co. KG, JBT Corporation, Mitsubishi Heavy Industries, Ltd., NAFFCO Aviation, ShinMaywa Industries, Ltd., Thyssenkrupp AG, UBS, and Vataple Group.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.