The Airport Stands Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Airport Stands Equipment Global Market Report 2024, The airport stands equipment market size has grown strongly in recent years. It will grow from $2.21 billion in 2023 to $2.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increased air traffic, focus on passenger experience, modularity in designs, safety features enhancement, adaptability to aircraft variability.
The airport stands equipment market size is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to investment in research & development, safety enhancement measures, customized solutions, adaptability to aircraft diversity, airport expansion and development.. Major trends in the forecast period include integration with airport management systems, infrastructure upgrades, ground handling automation, smart infrastructure integration, remote monitoring and control, adoption of iot and sensors.
The rise in global freight and passenger traffic is expected to propel the airport stands equipment market going forward. Air freight traffic is increasing due to the need for speedy goods transportation and supply chain congestion. Additionally, air passenger traffic is increasing due to rising income levels and economic and demographic growth. The rise in freight and passenger traffic requires equipment to support airport operations and creates a need for regular aircraft maintenance, simultaneously creating demand for airport stand equipment. For instance, according to the May 2022 passenger data published by the IATA (International Air Transport Association), a trade association for the world’s airlines, total air traffic was up 83.1% compared to May 2021, mostly driven by a strong recovery in international traffic. Further, in May 2022, international traffic grew 325.8% versus May 2021. Therefore, the rise in global freight and passenger traffic will drive the growth of the airport stands equipment market.
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The airport stands equipment market covered in this report is segmented –
1) By Stands: Engine Access, Landing Gear Access, Wheel, Aircraft Entry, Cabin Interior, Other Stands
2) By Equipment: Passenger Boarding Bridge, Preconditioned Air Unit, Stands Entry Guidance System, Electrical Ground Power Unit
3) By Platform Type: Fixed, Movable
4) By Application: Aircraft Operations, Maintenance, Repair, And Overhual (MRO)
Technological upgrades are a key trend gaining popularity in the airport stands equipment market. Major companies operating in the airport stand equipment market are focused on developing technologically advanced airport stands equipment for reliability, easy operation, and maintenance and strengthening their position in the market. For instance, in May 2022, Dabico Airport Solutions, a Dubai-based ground support equipment manufacturer and service provider, introduced a new raft with 400Hz power supply and integrated operational control systems to help airlines and airport operators improve the health and safety of their passengers and employees, in addition to efficiency and sustainability of their operations. The Dabico 400Hz-eGPU lowers running costs compared to conventional diesel-powered units while also lowering pollutants and noise levels, reducing environmental impact and improving health results for individuals working in and near airports.
The airport stands equipment market report table of contents includes:
1. Executive Summary
2. Airport Stands Equipment Market Characteristics
3. Airport Stands Equipment Market Trends And Strategies
4. Airport Stands Equipment Market – Macro Economic Scenario
5. Global Airport Stands Equipment Market Size and Growth
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26. South America Airport Stands Equipment Market
27. Brazil Airport Stands Equipment Market
28. Middle East Airport Stands Equipment Market
29. Africa Airport Stands Equipment Market
30. Airport Stands Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- Cavotec SA
- John Bean Technologies Corporation
- ThyssenKrupp Airport Systems Inc
- ShinMaywa Industries Ltd
- FMT Airport Systems
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