Global Airport Stands Equipment Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The Global Airport Stands Equipment Market held USD 1167.8 million in 2020 and is predicted to reach USD 1976 million by 2030 with a CAGR of 5.4% from 2020-2030. Airport stand equipment is majorly used during the departure and arrival of the aircraft. These are the equipment on the aircraft ramps with a purpose to provide comfort and adequate safety for the passengers and staff, to ensure the smooth operations related to the aircraft. Along with all these uses, they also work as a preconditioned power unit and can help for heating and cooling of the aircraft when in static. There are many types of stands equipment on the airport which include Air Bridge, preconditioned air unit, electrical ground power unit, and others. The air bridge is the connector extended from the airport terminal gate to an airplane specially made up of steel or glass. Cabin in static condition can get cold or hot, making it uncomfortable, hence to avoid a preconditioned air unit the system provides conditioned air to the aircraft cabin while aircraft is parked at gate or maintenance site. Ground power unit (GPU) is a vehicle or system which is capable of supplying power to the parked aircraft is also airport stand equipment. Another system included is the stand entry guidance system that provides information to the pilot attempting to park the aircraft on a stand. Usually, this system provides information in visual form. Therefore, these equipment are significantly necessary to ensure the smooth operation of the aircraft and for the safety and comfort of passengers. Hence, growing number of passengers is influencing the demand of the market. According to International Air Transport Association (IATA) in the upcoming years during 2016-2036 global passenger air traffic will increase with a compounded annual rate of 3.6% and expected to reach 7.8 billion by 2036 which will positively influence the airport stand equipment market.
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Market Dynamics and Factors :
Continuous rise in global passenger traffic, airport modernization, and demand for new aircraft are some of the major factors driving the market globally. Growing urbanization leads to an improved lifestyle and increases in disposable income are the supporting factors driving the market. Increasing tourism is another factor that will boost the market in the upcoming years. However, the high shelf life of this equipment is the restraining factor of the market. Upgrading infrastructure and advancements in technology are further expected to create new opportunities in the upcoming years.
Market Segmentation:
Global Airport Stand Equipment Market – By Equipment Type
Air Bridges
Steel
Glass
Preconditioned Air Unit
Fixed
Movable
Electrical Ground Power Unit
Fixed
Movable
Stand Entry Guidance System
Visual Docking Guidance System [VDGS]
Advanced Visual Docking Guidance System [AVDGS]
Global Airport Stand Equipment Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis :
North America is expected to dominate the market with the highest number of revenue share and advancement in the aviation sector combined with the growing tourism sector. Asia Pacific is growing at a fast pace due to urbanization, and the changing lifestyles of the population combined with the growing demand of the aircraft sector. The Middle East & Africa is also growing with significant growth. Asia Pacific is expected to dominate the global airport stand equipment market during the forecast period.
Competitive Scenario :
Companies, operating in airport stands equipment market are Aerospace Specialties, Inc. (U.S.), ThyssenKrupp Airport Systems, Inc. (U.S.), JBT Aerotech (U.S.), TUG Technologies Corporation (U.S.), ShinMaywa Industries Ltd. (Japan), Safegate Group (Sweden), Cavotec SA (Switzerland), FMT Airport Systems (Sweden), Adelte Group (Spain), and Omega Aviation Inc. (U.S.) among others.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Airport Stands Equipment industry, although key threats, opportunities and disruptive technologies that could shape the Global Airport Stands Equipment Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Airport Stands Equipment Market most.
The data analysis present in the Global Airport Stands Equipment Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Airport Stands Equipment Market business.
The 2021 Annual Global Airport Stands Equipment Market offers:
100+ charts exploring and analysing the Global Airport Stands Equipment Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Airport Stands Equipment Market type
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