Passenger Boarding Bridges Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos
Over the last few years, aviation passenger traffic has been significantly
expanding over the world. This rise has been impacted by factors such as lower
airfares, rising per capita disposable incomes, especially in emerging nations,
and improving living standards. Global aviation traffic is expected to quadruple
by 2036, according to the International Air Transport Association (IATA). The
need for new airplanes has increased in response to the expanding number of
passengers. During the study period, this is also likely to fuel the expansion
of the passenger boarding bridges market. Increased passenger numbers,
rehabilitation and upgrade of ageing facilities, expansion of current
terminals, and the construction of new airports are all driving worldwide
passenger boarding demand. Airport authorities are under pressure to create
upgraded infrastructure, particularly sophisticated passenger boarding bridges,
due to rising passenger volume and the aircraft's short turnaround time. Along
with the rapidly developing aviation business, heightened worries about airport
security, the implementation of e-passports, and the requirement for additional
aircraft ground support infrastructure have directed investment efforts while
paving the path for enhanced infrastructure expansion.
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Due to rising passenger traffic, a large increase in demand for new
aircraft, and severe aviation rules linked to safety, the global passenger
boarding bridges market has seen rapid expansion in recent years. Furthermore,
the rising development of greenfield and brownfield airports are some of the
factors propelling the market forward. The high durability of passenger
boarding bridges, on the other hand, is projected to limit market expansion.
Aerobridge is another name for a passenger boarding bridge (PBB). It's a
hanging, moveable tunnel that connects an airport to an aircraft. Passengers
can board quickly and easily as a result of this. This aerobridge allows
passengers to securely go from the airport terminal to the aircraft while also
sheltering them from the elements. By restricting access to aprons and
operational areas, it also increases security. The passenger boarding bridge's
major goal is to make it as easy as possible for passengers to get from the
airport terminal to the aircraft and return. Passenger boarding bridges used to
be made out of a permanent platform with no height adjustments that was
enclosed and connected to the terminal building. Modern approaches, such as
movable units, are being employed to move the aerobridge from one terminal end
to the other more quickly. These units may be adjusted in height and can be
utilized by a variety of aircraft.
According to UnivDatos Market Insights (UMI)’ research
report “Passenger Boarding Bridges Market”,
the market is expected to witness a CAGR growth of around 10% during
the forecast period 2021-2027F. Global Passenger Boarding Bridges Market is
experiencing significant growth due to the rising demand for large
aircrafts along with enhanced investments in airport infrastructure.
Based on elevation system, the market is segmented into
Hydraulic and Electro-mechanical System. The Hydraulic segment is expected to
grow at a higher CAGR during the forecasted period. The
Electro-mechanical system is expected to record the highest growth rate during
the forecast period from 2020 and 2026. This is due to the increasing demand
for energy-efficient and clean passenger boarding bridges by the airport
authorities globally. Whereas the Hydraulic segment holds the largest share due
to its wider use of hydraulic passenger boarding bridges at the number of
airports.
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Based on type, the market is segmented into Fixed and
Moveable. The Fixed segment is expected to grow at a higher CAGR during the
forecasted period. The majority of the regional airports adopt the fixed
bridges whereas the airports with the requirement of adjustable heights refer
the movable bridge.
Based on product type, the market is segmented into Apron
Drive, Commuter, Nose-Loader, T-bridge and Over-the-wing Bridges. The
Over-the-wing Bridges segment is expected to grow at a higher CAGR during the
forecasted period. Because of the development of bigger aircrafts with numerous
doors and widebodies, the Over-the-Wing bridge segment is likely to hold the
largest share of the market. The commuter bridge portion has been affected by
the capacity to accommodate various aircraft models. T-bridges are widely used
in big aircraft docking, whereas apron drives have benefited from considerable
improvements. Nose-loader bridges are typically utilized in airports that experience
severe weather.
Based on structure, the market is segmented into Glass
Walled and Steel Walled. The Glass Walled segment is expected to grow at a
higher CAGR during the forecasted period. With the growing trend of offering
passengers with a more luxurious experience, demand for glass-walled passenger
boarding bridges is on the rise. The visual appeal of glass-walled jet bridges,
as well as the fact that they make boarding an aircraft less glass restricting,
is driving their global adoption.
North America to Grab Lion’s Share
Based on the estimation, during the projection period of 2021-2027, North
America dominates the market whereas Asia Pacific market is predicted to be the
fastest-growing region in the coming years. The rapid expansion of the commercial
aviation sector in Asia Pacific has positioned the area as one of the world's
fastest growing. The continued acquisition of new aircraft, as well as the
development of many new airports, are driving expenditures in airport
infrastructure, creating enormous prospects for market expansion during the
projection period. The continuous rising demand for passenger boarding bridges
from countries such as Japan, China, Taiwan, Indonesia, South Korea, Australia,
and India is adding to the growth of the market. Asia Pacific records the
highest number of total passengers carried on scheduled services by registered
airlines as 780.7 million passengers.
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According to UnivDatos Market Insights (UMI)’, the key players with a
considerable market share in the Global Passenger Boarding Bridges Market are
includes Thyssen Krupp AG, JBT Corporation, ShinMaywa Industries, Mitsubishi
Heavy Industries Ltd., FMT Sweden AB, CIMC, Adelte Group, UBS Airport Systems,
Hubner GMBH & CO KG, PT Bukaka Teknik Utama TBK etc.
- In May 2019, Thyssenkrupp Elevator, the passenger
transportation arm of Germany-based Thyssenkrupp, has received a contract
to manage and maintain 90 passenger boarding bridges at Hamad
International Airport in Doha, Qatar
- In Apr. 2018, Japan's ShinMaywa Industries developed technology
that uses artificial intelligence to automatically position passenger
boarding bridges as close as 10cm to aircraft doors, significantly closer
than existing bridges. The technology is expected to help airports deal
with a shortage of ground staff as the new bridges do not require highly
skilled operators
“Global Passenger Boarding Bridges Market”
provides comprehensive qualitative and quantitative insights on the
industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for the market players. Moreover, the
report also encompasses the key strategic imperatives for success for
competitors along with strategic factorial indexing measuring competitor's
capabilities on different parameters. This will help companies in the
formulation of go to market strategies and identifying the blue ocean for its
offerings.
For more informative information, please visit us – https://univdatos.com/report/passenger-boarding-bridges-market/
Market Segmentation:
- By Elevation System (Hydraulic and Electro-mechanical System)
- By Type
(Fixed and Moveable)
- By Product Type (Apron Drive, Commute, Nose-Loader, T-bridge and Over-the-wing
Bridges)
- By Structure (Glass Walled and Steel Walled)
- By Region (North America (United States, Canada, Rest of North America),
Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Asia-Pacific
(China, Japan, India, Australia, Rest of APAC), and Rest of World)
- By Company (Thyssen Krupp AG, JBT Corporation, ShinMaywa Industries,
Mitsubishi Heavy Industries Ltd., FMT Sweden AB, CIMC, Adelte Group, UBS
Airport Systems, Hubner GMBH & CO KG, PT Bukaka Teknik Utama TBK)
Key questions answered in the study:
- What are the current and future trends of the Global Passenger
Boarding Bridges industry?
- How the industry has been evolving in terms of end-user demand
and product category?
- How the competition has been shaping across the countries
followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the Global
Passenger Boarding Bridges industry?
- What is the customer orientation, purchase behavior, and
expectations from the Global Passenger Boarding Bridges suppliers across
various countries?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 PASSENGER BOARDING BRIDGES MARKET COVID-19 IMPACT
6 PASSENGER BOARDING BRIDGES MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY ELEVATION SYSTEM
8 MARKET INSIGHTS BY TYPE
9 MARKET INSIGHTS BY PRODUCT TYPE
10 MARKET INSIGHTS BY STRUCTURE
11 MARKET INSIGHTS BY REGION
12 PASSENGER BOARDING BRIDGES MARKET DYNAMICS
13 PASSENGER BOARDING BRIDGES MARKET OPPORTUNITIES
14 PASSENGER BOARDING BRIDGES MARKET TRENDS
15 LEGAL & REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER
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