Global Airport Stand Equipment Market analysis, Drivers, Restraints, Opportunities, Threats, Equipment Type, and Growth Forecast: 2019–2028
“Global Airport Stand Equipment Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global airport stand equipment market report has been segmented as per equipment type, and region.
Global Airport Stand Equipment Market: Overview
Airport authorities are continuously trying to enhance the travel experience of passengers. Airport stands are designed to do all tasks which are related to aircrafts such as cargo or passenger loading/unloading operations, ground power operations, aircraft mobility, etc. This airport stand equipment ensures smooth functioning of tasks related to aircraft ramp. Airport stand equipment is used while arrival and departure of flights by the personnel to ensure well-organized tasks of flights and provide safety and comfort to passengers and airport staff.
Global Airport Stand Equipment Market: Dynamics
Key factor expected to drive growth of the global airport stand equipment market is advent of technology, rising application in commercial aviation sector. In addition, benefits such as well-organized safety norms to perform convoluted operations with minimal risks, lower cost related to airport equipment, and need for less man power is expected to drive growth of global airport stand equipment market. Increasing technological advancements in aviation sector for airport upgradation and remarkably increasing rate of air traffic are some of the other major factors expected to augment growth of the global airport stand equipment market.
Moreover, rising demand for upcoming airports in developing countries, rising interest of vendors to enhance airports on a global level is expected to fuel growth of the global stand equipment market. Growing international tourism is leading to enhancement and expansion of existing airports, and to build new airports are factors expected to fuel growth of the global airport stand equipment market. Rising number of various energy-efficient projects is driving growth of the global airport stand equipment market.
However, some factors such as ideal utilization of resources and rising cost of operations is expected to hamper growth of the global airport stand equipment market to a certain extent.
Global Airport Stand Equipment Market: Segment Analysis
Among the equipment types segments, the air bridge segment is expected to account for major revenue share in the global airport stand equipment market. This can be attributed to increasing need for air bridges to help passengers aboard the plane easily, and ability of air bridges to extend from an airport terminal gate to the aircraft. Moreover, air bridges offer various benefits such as is can be movable, fixed and expanded in length as per the structure of the airport and requirement. Currently, many players are focusing on developing large aircrafts to gain more profits, which in turn is expected to increase demand and usage of air bridges.
The preconditioned air unit segment is expected to register highest growth rate over the forecast period, due to increasing air traffic and growing tourism industry.
Global Airport Stand Equipment Market: Region Analysis
The market in North America is estimated to account for the highest share in terms of revenue in the global airport stand equipment market. Increasing number of air passengers is resulting into more demand of aircrafts which is augmenting growth of the North America airport stand equipment market. In addition, countries in north America such as US and Canada are known as capital for aerospace industry, which is another major factor expected to drive North America market in the next few years.
Global Airport Stand Equipment Market Segmentation:
Segmentation by Equipment Type:
- Air Bridges
- Preconditioned Air Unit
- Electrical Ground Power Unit
- Stand Entry Guidance System
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- AERO Specialties, Inc.
- Airport Equipment Group Ltd
- TUG Technologies Corporation
- FMT Aircraft Gate Support Systems AB
- JBT Corporation
- Cavotec SA
- ThyssenKrupp Airport Systems
- Omega Aviation Services LTD
- ShinMaywa Industries, Ltd
- Textron Inc.
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