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Airport Stands Equipment Market, by Product

RA00060

Airport Stands Equipment Market, by Product (Ground Power Units, Boarding Bridges, Preconditioned Air Units (PCA), Others), Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

Global Airport Stands Equipment Industry Insights 2026:

 The global airport stands equipment market is accounted for $ 1,128.9 Million in 2018, is projected to reach $ 1,732.5 Million by 2026, at a growth rate of 5.5%. Asia-Pacific market was $ 220.1 Million in 2018 and is anticipating to grow $ 384.6 Million by 2026. North America market is anticipated to reach $ 563.1 million, growing at a CAGR of 4.2% during the forecast period.

Airport stands is a ground support equipment found at an airport, which is mainly used to service the aircrafts between journeys. This stand equipment’s support the aircrafts by providing comfort and safety to the passengers and aircraft operators. Airport stand equipment plays a key role in the several operations include airplanes mobility, passengers or cargo loading/ unloading and ground power services.

Market Drivers and Trends in Global Airport Stands Equipment:

Increasing the number of air travelers is one of the significant airport stands equipment market trend

Global airport stands equipment market is projected to grow, due to the rise in the number of air passengers and increasing the standards of airport across the globe. This growth is attributed to the improvement of airport infrastructure is projected to drive the demand for airport stands equipment over projected time period. According to International Air Transport Association (IATA), the global air passenger traffic results is increased by 4.3% in 2019 from 2018. Rapid growth in the passengers traffic has enforced airport authorities to make significant investments to increase the transportation and upgradation of airport facilities to provide comfort and safety of the air travelers. Thus, the governments have taken initiatives for the improvement of the airport infrastructure, which is further expected to drive the airport stands equipment market in the coming years. Additionally, the growth of the international air passengers is expected to drive the market by increase in the demands of ground support equipment from upcoming airports.

Market Restraints:

Lack of skilled workforce is restraining the growth of airport stands equipment market

However, in spite of several advantages, airport stands equipment requires skilled personals in order to maintain and operate this equipment’s. Lack of availability of skilled labors to operate these equipment’s is expected to hinder the growth of airport stands equipment market in the near future.

Investment Opportunities for the Growth of Airport Stands Equipment Market:

Rising the brownfield and green field airport projects will provide significant investment opportunities for the growth of airport stands equipment market

Continuous increase in the number of greenfield and brownfield airport projects across the globe is creating ample investment opportunities for the airport stands equipment market. Furthermore, the upgrade or modification of existing airports in the both developed and developing economies is further expected to drive the market growth. 

Airport stands equipment market, by Product

Preconditioned air units’ segment is predicted to be most lucrative till the end of 2026

Airport stands equipment market, by Product

Source: Research Dive Analysis

By product, the preconditioned air unit is anticipated to grow at a significant rate over the forecast period. The initiatives taken by the airport authorities to control the carbon pollutants is the key factor for the growth of the PCA in airport stands equipment market.  PCA play a vital role in the minimization of carbon emissions, due to this, the market for PCA is expected to account for $ 549.2 Million by 2026, and is increasing from $ 334.1 Million in 2018. The boarding bridges segment held the highest market size in 2018, is accounted for $ 485.4 Million in 2018, and is anticipated to reach $ 689.5 million, growing at a CAGR of 4.5% during forecast period.

Asia-Pacific Airport Stands Equipment Market 2026:

Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years

Asia-Pacific airport stands equipment market is projected to experience significant growth and is anticipated to reach $ 384.6 Million by 2026, increasing from $ 220.1 Million in 2018. The growth is majorly due to existence of fast growing economies such as South Korea, China and India. Additionally, the increase in the number of air travelers and modernization of existing airports across the region are expected to drive the market growth in the coming years.

North America Airport Stands Equipment Market 2026:

North America region dominated the overall market, accounting for major airport stands equipment market share of 35.9%, which generated a revenue of $ 405.3 Million in 2018, due to presence of developed economies such as U.S., Canada and Mexico in the North America region. Furthermore, the construction of new airports and renovation of old airports are directly impacting the airport sands equipment market to provide better comfort and safety to the passengers and aircrafts workforce. Owing to this, the North America market is anticipated to reach $ 563.1 million, growing at a rate of 4.2% during the forecast period.

Key participants in Global Airport stands equipment market:

Product development and joint ventures are the most common strategies followed by the market players

Key participants in Global Airport stands equipment market

Source: Research Dive Analysis

The major key players of airport stands equipment market include JBT Corporation, Airport Equipment, Aero Specialties Inc., HDT Global, Textron Inc., Cavotec SA, ShinMaywa Industries Ltd., ThyssenKrupp AG, FMT Aircraft Gate Support Systems AB, ADELTE Group S.L. and among others. The key players are approaching new strategies include collaborations, new product launches, investments on R&D activities and joint ventures to increase their market size in the overall airport stands equipment industry. For instance, in January 2019, the AERO Specialties introduced new system “JetGo 300 Ground Power Unit” designed for turboprop aircraft and DC turbine, which is developed to provide constant power for avionics.

Report Scope:

 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Type

 

  • Ground Power Units
  • Boarding Bridges
  • Preconditioned Air Units (PCA)
  • Others

  Key Countries covered

U.S., Canada, Germany, UK, Italy, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, Argentina, GCC, and Saudi Arabia

  Key Companies Profiled

  • JBT Corporation
  • Airport Equipment
  • Aero Specialties, Inc.
  • HDT Global
  • Textron Inc.
  • Cavotec SA
  • ShinMaywa Industries, Ltd.
  • ThyssenKrupp AG
  • FMT Aircraft Gate Support Systems AB
  • ADELTE Group S.L.

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. The global Airport stands equipment market size was over $ 1,128.9 Million in 2018, and is further anticipated to reach $ 1,732.5 Million by 2026.

A. Textron Inc., Airport Equipment, Aero Specialties Inc., and Cavotec SA some of the key players in the global Airport stands equipment market.

A. Asia-Pacific possesses great investment opportunities for investors to witness the most promising growth in the coming years.

A. Asia-Pacific Airport stands equipment market is projected to grow at 7.2% CAGR during the forecast period.

A. Product development and joint ventures are the key strategies opted by the operating companies in this market.

A. Aero Specialties Inc., Textron Inc., and Cavotec SA are investing more on R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Product trends

3. Market overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By product
3.8.2. By region

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Airport Stands Equipment Market, by Product 

4.1. Ground power units

4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.2. Boarding bridges

4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.3. Preconditioned air units 

4.3.1.1. Market size and forecast, by region, 2018-2026
4.3.1.2. Comparative market share analysis, 2018 & 2026

4.4. Others

4.4.1. Market size and forecast, by region, 2018-2026
4.4.2. Comparative market share analysis, 2018 & 2026

5. Airport Stands Equipment Market, by Region

5.1. North America

5.1.1. Market size and forecast, by product, 2018-2026
5.1.2. Market size and forecast, by country, 2018-2026
5.1.3. Comparative market share analysis, 2018 & 2026

5.1.4. U.S.

5.1.4.1. Market size and forecast, by product, 2018-2026
5.1.4.2. Comparative market share analysis, 2018 & 2026

5.1.5. Canada

5.1.5.1. Market size and forecast, by product, 2018-2026
5.1.5.2. Comparative market share analysis, 2018 & 2026

5.2. Europe

5.2.1. Market size and forecast, by product, 2018-2026
5.2.2. Market size and forecast, by country, 2018-2026
5.2.3. Comparative market share analysis, 2018 & 2026

5.2.4. Germany

5.2.4.1. Market size and forecast, by product, 2018-2026
5.2.4.2. Comparative market share analysis, 2018 & 2026

5.2.5. UK

5.2.5.1. Market size and forecast, by product, 2018-2026
5.2.5.2. Comparative market share analysis, 2018 & 2026

5.2.6. France

5.2.6.1. Market size and forecast, by product, 2018-2026
5.2.6.2. Comparative market share analysis, 2018 & 2026

5.2.7. Spain

5.2.7.1. Market size and forecast, by product, 2018-2026
5.2.7.2. Comparative market share analysis, 2018 & 2026

5.2.8. Italy 

5.2.8.1. Market size and forecast, by product, 2018-2026
5.2.8.2. Comparative market share analysis, 2018 & 2026

5.2.9. Rest of Europe

5.2.9.1. Market size and forecast, by product, 2018-2026
5.2.9.2. Comparative market share analysis, 2018 & 2026

5.3. Asia Pacific

5.3.1. Market size and forecast, by product, 2018-2026
5.3.2. Market size and forecast, by country, 2018-2026
5.3.3. Comparative market share analysis, 2018 & 2026

5.3.4. China

5.3.4.1. Market size and forecast, by product, 2018-2026
5.3.4.2. Comparative market share analysis, 2018 & 2026

5.3.5. India 

5.3.5.1. Market size and forecast, by product, 2018-2026
5.3.5.2. Comparative market share analysis, 2018 & 2026

5.3.6. Australia 

5.3.6.1. Market size and forecast, by product, 2018-2026
5.3.6.2. Comparative market share analysis, 2018 & 2026

5.3.7. Rest of Asia Pacific

5.3.7.1. Market size and forecast, by product, 2018-2026
5.3.7.2. Comparative market share analysis, 2018 & 2026

5.4. LAMEA

5.4.1. Market size and forecast, by product, 2018-2026
5.4.2. Market size and forecast, by country, 2018-2026
5.4.3. Comparative market share analysis, 2018 & 2026

5.4.4. Latin America

5.4.4.1. Market size and forecast, by product, 2018-2026
5.4.4.2. Comparative market share analysis, 2018 & 2026

5.4.5. Middle East

5.4.5.1. Market size and forecast, by product, 2018-2026
5.4.5.2. Comparative market share analysis, 2018 & 2026

5.4.6. Africa

5.4.6.1. Market size and forecast, by product, 2018-2026
5.4.6.2. Comparative market share analysis, 2018 & 2026

6. Company profiles

6.1. JBT Corporation

6.1.1. Business overview
6.1.2. Financial performance
6.1.3. Product portfolio
6.1.4. Recent strategic moves & developments
6.1.5. SWOT analysis

6.2. Airport Equipment

6.2.1. Business overview
6.2.2. Financial performance
6.2.3. Product portfolio
6.2.4. Recent strategic moves & developments
6.2.5. SWOT analysis

6.3. Aero Specialties Inc.

6.3.1. Business overview
6.3.2. Financial performance
6.3.3. Product portfolio
6.3.4. Recent strategic moves & developments
6.3.5. SWOT analysis

6.4. HDT Global

6.4.1. Business overview
6.4.2. Financial performance
6.4.3. Product portfolio
6.4.4. Recent strategic moves & developments
6.4.5. SWOT analysis

6.5. Textron Inc.

6.5.1. Business overview
6.5.2. Financial performance
6.5.3. Product portfolio
6.5.4. Recent strategic moves & developments
6.5.5. SWOT analysis

6.6. Cavotec SA

6.6.1. Business overview
6.6.2. Financial performance
6.6.3. Product portfolio
6.6.4. Recent strategic moves & developments
6.6.5. SWOT analysis

6.7. ShinMaywa Industries Ltd.

6.7.1. Business overview
6.7.2. Financial performance
6.7.3. Product portfolio
6.7.4. Recent strategic moves & developments
6.7.5. SWOT analysis

6.8. ThyssenKrupp AG

6.8.1. Business overview
6.8.2. Financial performance
6.8.3. Product portfolio
6.8.4. Recent strategic moves & developments
6.8.5. SWOT analysis

6.9. FMT Aircraft Gate Support Systems AB

6.9.1. Business overview
6.9.2. Financial performance
6.9.3. Product portfolio
6.9.4. Recent strategic moves & developments
6.9.5. SWOT analysis

6.10. ADELTE Group S.L.

6.10.1. Business overview
6.10.2. Financial performance
6.10.3. Product portfolio
6.10.4. Recent strategic moves & developments
6.10.5. SWOT analysis

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