Growth opportunities in the passenger boarding bridges market look promising over the next six years. This is mainly due to the rising government support for development of novel airports and constant investment by major market players.
Passenger Boarding Bridges Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Several factors responsible for the growth of the global passenger boarding bridge market includes the accelerating number of brownfield and greenfield airports, augmenting investment by government for the establishment of new airports and the expanding air travel along with the rise in tourism. Also, these boarding bridges are extensively used to board the passengers from airport to flight cautiously and effectively. In accordance with the report published by the Air transport Action Group Organization Report, approximately over 4.5 Billion air passengers travelled through different airlines globally, which generated enormous demand to carry the passenger to the airplane from the airport and vice versa. Thus, to tackle this mounting passenger traffic at airports, airlines have proposed to set up and acquire these passenger boarding bridges to lodge more passengers on board in single trips.
Furthermore, prominent market players and the government bodies are largely investing in new airports to improve air travels efficaciously by organizing greenfield projects for enlargement of the aerospace which may stimulate the market growth. For example, The Indian Airports Authority, in 2018, launched a greenfield airport project at Hollongi, Arunachal Pradesh, India, which will be established by India’s Union Ministry of Development of North Eastern Region. The project is expected to be completed by 2022.
Additionally, the intensifying international import and export trade activities from Asia-Pacific region to developed nations and the growing measures by government have supplemented the market size. Miami-Dade County, Florida, in 2020, is merchandising an Adelte Seaport Hydra MS2 maritime passenger boarding bridge through the government reserve auction site on GovDeals.com. Miami-Dade County, FL is a seller of GovDeals of passenger boarding bridges and wide variety of transportation, heavy equipment and other surplus property items.
However, the long life of aerobridge requires excessive capital investment which is difficult to acquire for low-cost airlines owing to their outrageous operational expenditure, thereby curbing the market growth. The widespread outbreak of the coronavirus pandemic has temporarily halted the construction activities because of travel constrain imposed by various countries. Also, the reduction in air passengers have made investors postpone the expansion activities.
Passenger Boarding Bridges Market’s leading Manufacturers:
- PT Bukaka Teknik Utama TBK
- Mitsubishi Heavy Industries ltd
- FMT Aircraft AB
- CIMC Ltd
- John Bean Technologies Corp.
- Hubner gmbh & co kg
- Vataple Group LTD
- Shinmaywa Industries LTD
- ThyssenKrupp AG
- Adelte Group
Passenger Boarding Bridges Market Segmentation:
Segmentation by Bridge Type
- Commuter
- Apron
- T-Bridge
- Nose
- Over-The-Wing Bridge
- Others
Segmentation by Elevation System
- Hydraulic
- Electro-Mechanical
Segmentation by Foundation
- Moveable
- Fixed
Segmentation by Application
- Airport
- Seaport
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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