The airport stands equipment market size has demonstrated robust growth in recent years, with figures projected to rise from $2.32 billion in 2024 to $2.48 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.9%. This upward trend in the historical period is attributed to the rise in air traffic and heightened focus on passenger experience, modularity in designs, enhanced safety features, and adaptability to aircraft variability.
In the coming years, the airport stands equipment market size is anticipated to grow exponentially, expected to reach $3.23 billion in 2029 with a CAGR of 6.8%. The forecasted growth can be ascribed to investment in research & development, safety enhancement measures, customized solutions, adaptability to aircraft diversity, and airport expansion and development. Major trends in this sector include integration with airport management systems, infrastructure upgrades, ground handling automation, smart infrastructure integration, remote monitoring and control, and adoption of IoT and sensors.
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What are the Key Growth Factors Driving the Airport Stands Equipment Market?
The surge in global freight and passenger traffic is a key driver of the airport stands equipment market. The demand for fast transportation of goods and reduced supply chain congestion has resulted in increased air freight traffic. Concurrently, increased air passenger traffic can be attributed to rising income levels and economic and demographic growth. This rise necessitates equipment for airport operations and regular aircraft maintenance, stoking demand for airport stand equipment. Data issued by the International Air Transport Association (IATA) in May 2022 indicates total air traffic surged by 83.1% compared to May 2021, largely propelled by the recovery in international traffic. Additionally, international traffic in May 2022 grew by 325.8% vis-à-vis in May 2021. Hence, the rise in global freight and passenger traffic will bolster the growth of the airport stands equipment market.
How is the Airport Stands Equipment Market Segmented?
The airport stands equipment market includes the following segments:
1) By 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 Overhaul (MRO)
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Who are Key Players in the Airport Stands Equipment Market?
The airport stands equipment market is dominated by several major companies, including Cavotec SA, John Bean Technologies Corporation, ThyssenKrupp Airport Systems Inc., ShinMaywa Industries Ltd., FMT Airport Systems, and others.
What are the Emerging Trends in the Airport Stands Equipment Market?
Technological upgrades are a key trend gaining popularity in the airport stands equipment market. Companies are developing technologically advanced airport stands equipment for reliability, easy operation, and maintenance. One such innovation is the introduction of a new raft with 400Hz power supply and integrated operational control systems by Dubai-based Dabico Airport Solutions to improve passenger and employee health and safety and operational efficiency.
Which Region Dominates the Global Airport Stands Equipment Market?
Asia-Pacific was the dominant region in the airport stands equipment market in 2024. It is predicted to remain the fastest-growing region in the future. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Airport Stands Equipment Market Report 2025 Offer?
Airport stands equipment serves as a part of an aerodrome apron used for parking aircraft to facilitate loading or unloading of passengers and provision of ground services. The Airport Stands Equipment Market research report from The Business Research Company provides insights into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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