Airport Stands Equipment Market Size and Key Trends in terms of volume and value 2020-2030
Airport Stands Equipment Market is valued around USD 1.25
Billion in 2019 and expected to reach USD 2.00 Billion by 2030 with the CAGR of
4.30% over the forecast period.
Airport Stands Equipment is
specially designed equipment’s used on airports for aircrafts and passengers.
These equipment’s include ramps, bridges, guidance systems, and many more to
further enhance the consumer experience with limited efforts. This equipment’s
also reduce the human efforts along with high operational efficiency. This also
eliminates the inconvenience to passenger or staff on daily basis with excellent
high speed work.
Global Airport
Stands Equipment Market report is segmented on the basis of equipment type and
by regional. Based upon equipment type, the airport stands equipment market is
fragmented into Air Bridges, Preconditioned Air Unit, Electrical Ground Power
Unit, and Stand Entry Guidance System. The regional bifurcation of countries
includes North America, Europe, Asia-Pacific, and RoW which are further
segmented into major countries such as U.S., UK, France, and others.
The airport stands equipment’s
market is mainly driven by the growth in tourism industry along with rising
international travel owing to international trade practices. There has been
constant growth in airports all around the world which has raised the demand
for airport equipment’s market. In addition, technological advancements
supported by the growth in airport modernization activities along with
developing infrastructure. Over the period of time, there has been growth in
travel across the world owing to growing population has also created the demand
for new aircrafts along with the up-gradation of existing airports as per
international passengers to further enhance the passenger experience as well as
comfort are likely to drive the market growth. However, long shelf life along
with lack of skilled workforce may hamper the market growth in the near future.
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The developed regions such
as North America and Europe are expected to hold the major market share owing
to the presence of developed infrastructure along with technological
advancement. In addition, growth in tourism industry followed growth passenger
traffic along with the rising demand for new aircrafts. Asia Pacific is
expected to dominate the airport stands equipment market in terms of growth
rate owing to the rapid growth in disposable along with growth in international
travel activities as well as trade practices. Moreover, increase in the number
of airports as well as up-gradation as per international policies are likely to
promote the market growth in near future.
The major market players
profiled in the airport stands equipment market includes TUG Technologies
Corporation., AERO SPECIALTIES, INC., JBT, FMT Aircraft Gate Support Systems
AB, ThyssenKrupp Airport Systems, Cavotec SA, ShinMaywa Industries, Ltd, and
Omega Aviation Services, Inc. among others.
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