Airport Stands Equipment Market Report 2024, Growth Rate and Forecast 2032

Global Airport Stands Equipment Market Statistics: USD 3.5 Billion Value by 2032

Summary:

• The global airport stands equipment market size reached USD 2.3 Billion in 2023.

• The market is expected to reach USD 3.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.

• North America leads the market, accounting for the largest airport stands equipment market share.

• Boarding bridges accounts for the majority of the market share in the product type segment due to the increasing adoption of air travel and the expansion of airports worldwide.

• The rising air traffic is a primary driver of the airport stands equipment market.

• The increasing focus of people on sustainability is reshaping the airport stands equipment market.

Industry Trends and Drivers:

• Air traffic growth:

As air traffic is growing, airports are experiencing higher volumes of aircraft movements, including arrivals, departures, and aircraft parking. This increased activity necessitates more stands equipment to efficiently manage the flow of aircraft on the apron. Rapid air traffic growth often prompts the expansion of existing airports and the construction of new ones to accommodate the increased demand. These expansion projects require the installation of additional stands equipment, such as aircraft parking guidance systems, ground power units, and passenger boarding bridges.

• Focus on sustainability:

Airports are preferring electric and hybrid GSE, including baggage tugs, ground power units, and passenger buses, to reduce emissions and minimize their environmental impact. Electric GSE produce fewer greenhouse gas emissions and noise pollution compared to traditional diesel-powered equipment, contributing to improved air quality and a more sustainable airport environment. Airport stands equipment manufacturers are incorporating renewable energy sources, such as solar panels and wind turbines, into their products to power auxiliary systems and reduce reliance on fossil fuels.

• Technological advancements:

Automated systems for aircraft parking, docking, and pushback reduce reliance on manual labor, improve efficiency, and minimize the risk of human errors. Automated docking systems use sensors and computer algorithms to precisely guide aircraft into position at the gate, optimizing space utilization and reducing turnaround times. Advanced stands equipment can be equipped with remote monitoring and control capabilities, allowing operators to oversee operations from a centralized location. This enhances operational efficiency, enables real-time adjustments, and reduces the need for on-site personnel, especially in remote or challenging environments.

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Airport Stands Equipment Market Report Segmentation:

Breakup By Product Type:

• Boarding Bridges

• Preconditioned Air Unit

  • Fixed

  • Movable

• Ground Power Unit

  • Fixed

  • Movable

• Stand Entry Guidance System

  • VGDS

  • AVGDS

Boarding bridges represent the largest segment as they are essential for facilitating passenger boarding and disembarkation, ensuring efficient aircraft turnaround times.

Breakup By Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

North America enjoys the leading position in the airport stands equipment market due to its extensive aviation infrastructure, high air traffic volume, and continuous investments in modernizing airport facilities.

Top Airport Stands Equipment Market Leaders: The airport stands equipment market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• ADELTE Group

• AERO Specialties Inc.

• FMT Aircraft Gate Support Systems AB

• John Bean Technologies Corporation

• Omega Aviation Inc.

• ShinMaywa Industries Ltd.

• Textron Ground Support Equipment Inc (Textron Inc)

• TK Elevator

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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