Press release
Airport Stands Equipment Market 2025 Trends: Expected to Grow at a CAGR of 6.4% by 2030, Claims AMR
Major determinants of the market growth
Increase in the global freight and passenger traffic and modernization of airports have boosted the growth of the global airport stand equipment market. However, long shelf life of airport stand equipment hinders the market growth. On the contrary, surge in focus on non-aviation-related revenue would open new opportunities for the market players in the future.
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The aircraft entry segment dominated the market
By stands, the aircraft entry segment held the largest share in 2020, accounting for nearly one-fourth of the global airport stand equipment market, owing to rise in demand for airport stands equipment for several applications at the airports. However, the cabin interior segment is estimated to register the highest CAGR of 8.2% during the forecast period.
The maintenance, repair and overhaul (MRO) segment to portray the highest CAGR through 2030
By application, the maintenance, repair and overhaul (MRO) segment is projected to manifest the highest CAGR of 7.8% from 2021 to 2030, due to rise in demand for aircraft maintenance services. However, the aircraft operations segment held the largest share in 2020, accounting for more than four-fifths of the global airport stand equipment market, owing to rise in demand for airport stands equipment for different operations.
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North America held the lion's share
By region, the global airport stand equipment market across North America dominated in 2020, accounting for more than two-fifths of the market, owing to rise in R&D activities, rapid adoption of innovative technologies, and technological developments. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 8.2% during the forecast period, owing to rise in air traffic across various Asian countries including China, India, Japan, and South Korea.
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Major market players
Aero Specialities
Fabrication Authorities International, Inc.
Dedienne Aerospace
Hydro System KG
HHI Corporation
OEM Group Pty Ltd.
JETechnologies Solutions Inc. (JSI)
Waag Aircraft
Semmco Ltd.
Wildeck, Inc.
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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.
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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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.
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