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The airport stands equipment market size is forecast to increase by USD 1.45 Billion at a CAGR of 6.47% between 2022 and 2027. Market growth is propelled by surging global freight and passenger traffic. Increased demand for air freight transport, especially for pharmaceuticals and medical equipment, drives the need for aircraft deicing and loading equipment. Expanding airport facilities, such as taxiway markings and ramp equipment, accommodate the rising number of international tourists. Governments' investments in airport development and maintenance, alongside safety equipment upgrades, reflect the industry's response to growing travel demands. Notably, India and China's aggressive expansion plans contribute significantly to market dynamics, with massive investments in ground movement infrastructure and aircraft maintenance facilities.
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The market share growth by the air bridge segment will be significant during the forecast period. They are a type of airport stand facility which includes elevated enclosed walkways that allow passengers to safely board the plane. They can either be fixed or movable and are also known as jet bridges, sky bridges, or jetways. A key technological advance is the adoption of proximity sensors to prevent accidental damage to aircraft.
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The air bridge segment showed a gradual increase in the market share of USD 1.05 billion in 2017 and continued to grow by 2021. Modern advances include split bridges, which involve a common entrance to the airport that is split into two aisles. The Airbus A330 and the Boeing 777 have such air bridges. Hence, such factors are predicted to result in the growth of this segment of the global market during the forecast period.
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APAC is estimated to contribute 33% to the growth by 2027, as highlighted in Market forecasting. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period, aligning with market trends and analysis.
Another region offering significant opportunities to companies is North America, reflecting market growth and trends. This region is greatly supported by a noteworthy aviation base, especially in the US. The rising air traffic is resulting in a need to upgrade existing American airports, met by the presence of several players across the entire aircraft manufacturing supply chain, including equipment manufacturers. This will lead to the opening of new terminals, which will increase demand for airport stand equipment in various US airports, as indicated by the market forecast. The demand for this is also predicted to further be boosted by factors such as the increasing US defense expenditure and launching of new generation aircraft, showcasing market analysis and report. However, slow growth in cargo shipment is one of the factors which could negatively impact the market during the forecast period, reflecting market growth and forecasting.
Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop strategies from 2022 to 2027.
Global Market Customer Landscape
In the dynamic landscape of the Airport Stands Equipment Market, several drivers, trends, and challenges shape its trajectory. Ground communication systems and apron management solutions are pivotal drivers, enhancing operational efficiency and safety. Aircraft towing and guidance systems streamline ground movements, optimizing aircraft positioning. Additionally, the integration of advanced runway lighting and deicing systems ensures uninterrupted operations in adverse weather conditions. However, challenges persist, notably in aircraft refueling logistics and airport security measures. As the industry evolves, addressing these challenges while embracing emerging trends such as sustainable practices and digitalization becomes imperative for stakeholders to navigate the complexities of the airport stands equipment market effectively.
Key Market Driver
Market expansion is driven by heightened global freight and passenger movement. Increased international trade amplifies air freight volumes, particularly for pharmaceuticals and medical devices. Reduced transportation expenses further escalate freight demand, consequently driving the need for aircraft maintenance and loading equipment. The surge in international tourism, facilitated by rising disposable incomes, prompts the construction and expansion of airports. According to the International Civil Aviation Organization (ICAO), both passenger and cargo volumes are slated to double by 2035. These factors collectively stimulate demand for modern aircraft, enhancing the market outlook.
The rise in construction and upgradation of airports is a key trend in the market. Modern airports and their infrastructure are becoming increasingly important due to the frequent and high number of international tourists. Hence, governments are investing in expanding their aviation networks to match international travel demands. For instance, the transportation secretary of Canada, Omar Al-Ghabra announced funding of approximately USD 16 million to support Regina International Airport in its expansion efforts.
Additionally, India and China, among other developing countries, are also massively investing in expanding their aviation infrastructure. For example, in 2019, the Indian government announced a target of 100 more airports to be launched to further economic growth. For this effort, the government has allocated to invest USD 13 billion in construction. Hence, such factors are likely to contribute to the market during the forecast period.
The long service life of airport stands is challenging market growth. The prevalence of aluminum alloys and other durable materials in manufacturing aircraft stands equipment are highly responsible for the long service life and minimal repair and maintenance of airport permanent equipment.
For example, the DF071554-06 Aircraft Maintenance and Engine Access Stand is made from high-quality aluminum and steel.
Additionally, the usage of composite materials for aircraft-stands by some manufacturers results in even greater efficiency and resource usage compared to traditional non-renewable materials. It can possess properties such as corrosion resistance, impact resistance, non-magnetism, and high durability. Hence the increased operational efficiency, long service life, and low life cycle costs are accountable for slowing market growth analysis during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ADELTE Group SL - The company offers products such as passenger boarding bridges, ground support equipment, and smart passenger terminal solutions.
AERO Specialties Inc. - The company offers products such as Aircraft Tow Tugs and Pushback Tractors, Air Conditioning and Heating, Aircraft Ground Power Units and Supplies, and Aircraft Lighting.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Technavio report provides an in-depth analysis of the market report and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The Airport Stands Equipment Market plays a pivotal role in ensuring smooth airport operations and enhancing aircraft parking systems. Apron equipment, terminal equipment, and airfield management tools are essential components contributing to airport safety and efficient aircraft ground handling. As airports continually evolve with advancing airport technology, the aviation industry witnesses significant developments in airport logistics and facilities.
Aircraft docking systems, aircraft movement aids, and gate equipment facilitate seamless aircraft marshalling, deicing, and pushback procedures. From aircraft towbars to chocks and wheel stops, every equipment piece contributes to safe aircraft tie-downs and efficient ground operations. Maintenance equipment, refueling systems, and cooling mechanisms ensure optimal aircraft performance and passenger safety.
Furthermore, ground control and communication systems, along with ground lighting infrastructure, bolster ground operations' safety and efficiency. Service vehicles equipped with deicing systems and catering equipment play crucial roles in aircraft ramp services and passenger amenities. Baggage handling, aircraft cleaning, and debris removal equipment ensure passenger services are delivered seamlessly, contributing to a positive airport experience. Overall, the Airport Stands Equipment Market is indispensable for the smooth functioning and development of modern airports worldwide.
The industry report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Airport Stands Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.47% |
Market growth 2023-2027 |
USD 1.45 Billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.14 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 33% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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 AirportEquipment GmbH, and Waag |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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