Airport Stand Equipment Market to Grow at 4.30% CAGR by 2030
Increasing adoption of the air way transport for travelling, rising air traffic and increasing import export activities actress the globe are the major factors which are expected to drive the growth of Airport Stand Equipment industry during the forecast period of 2020-2030.
The Airport Stand Equipment Market is expected to witness a CAGR of around 4.30% from 2020-2030, as per a new report published by Next Move Strategy Consulting.
According to a new research report by Next Move Strategy Consulting. Airport Stand Equipment are used to aircraft ramp during the departure and arrival of the flights to make sure fluent operation of flights by providing adequate safety and comfort for airport staff and passengers. These equipment helps in maintaining the flow of the airport operations including cargo or passenger loading/unloading operations, aircraft mobility, ground power operations, and others.
According to the report, the global airport stand equipment market is majorly driven by increasing adoption of the air way transport for travelling, rising air traffic and increasing import export activities actress the globe. Flight has connected the whole globe which has simplified the transportation and thud driving the market growth. Continuously rising population, increasing spending on the air transport and development in the economies have increased the number of air port across the globe therby driving the airport stands equipment market size. Rising need of modernized equipment will help in the airport stands equipment market growth. In near future, increasing number of airport projects will create the huge opportunity and will transform the airport stands equipment market trend.
On the basis of types, the airport stand equipment market share is segmented into boarding bridges, preconditioned air units (PCA), ground power units and others. Preconditioned air units are further segmented into flexible preconditioned air unit and movable preconditioned air unit. Boarding bridges holds the major airport stands equipment market share being the basic equipment of the airport. Continuously increasing number of number of passengers across the globe, rising number of air traffic and increasing number of airport have boosted the growth of the airport stands equipment market.
Regionally, North America dominates the global airport stand equipment market size. Huge number of airports, high spending power of the people and increasing number of the passengers have boosted the growth of the market. Europe accounts for the second leading position in the market followed by Asia Pacific. Asia Pacific is the fastest growing market for airport stand equipment owing to the continuously increasing demand for the airport stands equipment, presence of developing economies and development in the infrastructure. On the other hand, LAMEA holds the least share in the global airport stands equipment market but, possess a huge opportunity; due to the presence of huge untapped opportunity.
According to the report, some the key players in the airport stand equipment market are ThyssenKrupp AG, Aero Specialties, Inc., FMT Aircraft Gate Support Systems AB, Airport Equipment, JBT Corporation, Textron Inc., Cavotec SA, ADELTE Group S.L., HDT Global, and ShinMaywa Industries, Ltd.
Browse key industry insights spread across 192 pages with 231 market data tables & 30 figures & charts from the report at https://www.nextmsc.com/report/airport-strand-equipment-market in detail along with the table of contents:
Key Insights from the Airport Stands Equipment Market Report:
- Asia Pacific is the fastest growing airport stand equipment market trend owing to the continuously increasing demand for the airport stands equipment, presence of developing economies and development in the infrastructure
- Some of the major players in the market are ThyssenKrupp AG, Aero Specialties, Inc., FMT Aircraft Gate Support Systems AB, Airport Equipment, JBT Corporation, Textron Inc., Cavotec SA, ADELTE Group S.L., HDT Global, and ShinMaywa Industries, Ltd.
The report Airport Stand Equipment market – segmented by type and geography
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