NEW YORK, Sept. 7, 2023 /PRNewswire/ — The airport stand equipment market size is expected to grow by USD 1.45 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 6.47% during the forecast period. The rise in global freight and passenger traffic drives the global airport stand equipment market during the forecast period. There is an increase in global trade which is leading to a greater volume of shipments of pharmaceuticals, medical devices, and personal protective equipment via air freight. In addition, the reduced transportation cost is increasing the demand for freight, which in turn will fuel the demand for aircraft stand equipment. Furthermore, factors such as the rise in tourism fuelled by increased disposable income resulted in the construction of new airports as well as the expansion of existing ones. Hence, such factors are positively impacting the market, which in turn will drive the global airport stand equipment market growth during the forecast period. The market is segmented by type (air bridge, preconditioned air unit, stand entry guidance system, and electrical ground power unit), application (aircraft operations and MRO), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The report analyses the market size and growth and provides accurate predictions on the growth of the market. View FREE PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the airport stands equipment market: ADB Safegate BV, ADELTE Group SL, AERO Specialties Inc., Cavotec SA, Dedienne Aerospace, DENGE, FMT Aircraft Gate Support Systems AB, HHI Corp., Holden Industries Inc., HYDRO Systems KG, JETechnology Solutions, John Bean Technologies Corp., Mallaghan GA Inc., Omega Aviation Services Inc, Semmco Group, ShinMaywa Industries Ltd., Textron Inc., ThyssenKrupp AG, TREPEL Airport Equipment GmbH, and Waag
• Airport Stands Equipment Market is fragmented in nature.
• Market to observe 6.14% YOY growth in 2023.

Trend- The increase in construction and upgradation of airports is a primary trend in the global airport stand equipment market during the forecast period. 

Challenges- The long service life of airport stands is a major challenge hindering the global airport stand equipment market during the forecast period. The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing report

Keg Segments:

The market share growth by air bridge segment is significant during the forecast period. The air bridge segment can be referred to as a type of airport stand facility which includes elevated enclosed walkways that allow passengers to safely board the plane. The main advantage of this segment is that it can either be fixed or movable, and the segment is also known as jet bridges, sky bridges, or jetways. One of the main technological advancements in this segment is the integration of proximity sensors to prevent accidental damage to aircraft. Several modern aircraft, including Airbus A330 and the Boeing 777 have split bridges, which include a common entrance to the airport being split into two aisles. Hence, such factors are expected to fuel the growth of the air bridge segment, which in turn will drive the global airport stand equipment market during the forecast period. Get a glance at the market contribution of the segments, Request FREE Sample

Related Reports:

The artificial Intelligence (AI) in aviation market size is estimated to grow at a CAGR of 43.13% between 2022 and 2027. The market size is forecast to increase by USD 3,642.91 million. 

The aerospace parts manufacturing market size is estimated to grow at a CAGR of 3.81% between 2023 and 2027. The market size is forecast to increase by USD 185 billion. 

Table of Contents

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/airport-stands-equipment-market-size-to-increase-by-usd-1-45-billion-from-2022-to-2027–increase-in-global-freight-and-passenger-traffic-boosts-the-market-growth—technavio-301919629.html

SOURCE Technavio

Featured image: ©

Disclaimer