Airport Stands Equipment Market Report
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
Update Available On-Demand
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
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
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
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| 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 |
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Source: Research Dive Analysis
Q1. Which are the Airport stands equipment?
A. The airport stands equipment majorly includes boarding bridges, ground power units, aircraft rescue & firefighting equipment
Q2. What is the size of the Airport stands equipment market?
A. The global airport stands equipment market size was over $1,128.9 million in 2018, and is expected to account for $1,732.5 million by 2026.
Q3. What COVID-19 impact on Airport stands equipment market?
A. The COVID-19 pandemic has hit airport stands equipment market in negative manner, which is expected to hamper the development in emerging market. This decline in market growth is majorly owing to air travel has fallen suddenly because almost all governments have imposed lockdown of international boarders to control the spread of the coronavirus.
Q4. Which are the Market Drivers and Trends in Global Airport Stands Equipment Industry?
A. Continuous growth in the global air passenger traffic, increasing investments on modernization of airports, rising demand for new aircrafts across the globe and growing trend for brownfield and greenfield airport projects are the key factors driving the global airport stands equipment industry.
Q5. What are the strategies opted by the leading players in airport stands equipment market?
A. Geographical expansions, new product launches and joint ventures & collaborations are the some of the key strategies opted by significant manufacturers of the global airport stands equipment market.
Q6. Which are the major key players in the airport stands equipment market?
A. JBT Corporation, Aero Specialties, Inc., Textron Inc. and FMT Aircraft Gate Support Systems AB are the some of the key players in the global airport stands equipment market.
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
Airport stands is a ground support equipment used as predetermined stands on the aircraft ramp between journeys. The airport stands equipment provides adequate safety & comfort for passengers by ensuring the efficient operation of flights. This equipment ensures smooth functioning of aircraft-related operations on the ramp. The role of airport stands equipment involves ground power operations, aircraft mobility, and passenger or cargo loading/unloading operations.
The Driving Factors
The growth factors major factors of the airport stand equipment market include growing demand in applications of commercial aviation, and technological advancements. Other factors include extensive safety norms to accomplish intricate operations, least human intervention, and cost associated with the use of stand equipment. Additionally, the growth of the global airport stands equipment market is valued to be driven by growing demand for future airports, ground support equipment such as electrical ground power unit, stand entry guidance system, and preconditioned air unit. The rate of airport upgradation and rate of air traffic has significantly increased due to the advancements in technology.
Recent Developments in the Airport Stands Equipment Market
Over the last few years, the demand for airport stands equipment is on a verge owing to the continual increase in global freight and passenger traffic all across the globe. Also, growth in international tourism has led to the expansion of old airports and construction of new ones. As per International Airport Transport Association (IATA), for example, the global air freight market when measured grew by 9.0% FTKs (Freight Ton Kilometers). This means that the air passenger traffic results increased by 4.3% compared to the results in 2018.
As per a Research Dive blog, the demand for airport stands equipment has also increased due to the upgradation of airport infrastructure. Moreover, surge in international passenger traffic has imposed government agencies all across the globe to make significant investments to expand their transportation networks so as to put up the high capacity of visitors. To create huge growth opportunities in the global market, the government agencies of both developed and developing countries is taking positive measures to support airport infrastructure.
The U.S based manufacturer and distributor of new aircrafts, AERO Specialties launched new system JetGo 300 Ground Power Unit in January 2019. This system is specially designed for DC turbine and turboprop aircraft, which provides constant power for avionics.
Over the next two decades, the air traffic is expected to reach double owing to the resilient and strong passenger traffic, states the Airbus Global Market Forecast. It is predicted that this would lead to deployment of 34,900 new aircraft by 2036, of which 34,170 will be passenger aircraft and 730 will be freighters.
Potential Future of the Global Market
Global market for airport stands equipment market is expected to witness a positive growth over the forecast period from 2019 to 2026. The improvement of airport infrastructure to provide comfort and safety to the passengers and aircraft workforces is escalating the growth of global airport stands equipment market. However, non-availability of skilled workforce is limiting the growth of airport stands equipment market. Furthermore, continuous increase in the number of brownfield and greenfield airport projects in developed and developing countries is creating abundant investment opportunities for the airport stands equipment market.
Increasing number of air travelers is one of the significant factors giving substantial uplift to the growth of the global market in the upcoming years. As per the Research Dive report statistics, the global market for airport stands equipment is likely to surpass $1,732.5 million by the end of 2026. Geographically, the North America airport stands equipment market is likely to dominate the industry owing to the construction activities carried out for renovation of old airports and new airports in this region. Additionally, the report profiles top gaining players operating in the global market who are focusing more on new product launches and R&D activities to increase their market size in the airport stands equipment industry across the globe.
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