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.
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Scope Of Airport Stands Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Airport Stands Equipment Market Overview
Market Drivers –
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.
Market Trends –
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 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)
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Regional Insights –
Asia-Pacific was the largest region in the airport stands equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport stands equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the airport stands equipment market report are Cavotec SA, John Bean Technologies Corporation, ThyssenKrupp Airport Systems Inc., ShinMaywa Industries Ltd., FMT Airport Systems, Adelte Group, Aerospace Specialties Inc., Omega Aviation Inc., TUG Technologies Corporation, Safegate Group, Dedienne Aerospace SAS, Fabrication Authorities International Inc., HHI Corporation, Hydro System KG, JETechnologies Solutions Inc., Textron Ground Support Equipment Inc., Semmco Ltd., Waag Aircraft, Wildeck Inc., Air+Mak Industries, Aviaco GSE, Charlatte America, CIMC-TianDa Airport Support Ltd., Douglas Equipment Ltd., ITW GSE, Kalmar Motor AB, LÖDIGE Industries GmbH, Mallaghan Engineering Ltd., Mulag Fahrzeugwerk Heinz Wössner GmbH u. Co. KG, Phoenix Metal Products Inc., Powervamp Ltd., Rusada Aviation Private Limited, TCR International NV, TLD Group, Tronair Inc., Vataple Group, Vestdavit AS, Vestergaard Company
Table of Contents
1. Executive Summary
2. Airport Stands Equipment Market Report Structure
3. Airport Stands Equipment Market Trends And Strategies
4. Airport Stands Equipment Market – Macro Economic Scenario
5. Airport Stands Equipment Market Size And Growth
…..
27. Airport Stands Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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