Airport Stands Equipment Market by Type (Air Bridges, Preconditioned Air Unit, Electrical Ground Power Unit, Stand Entry Guidance System. and Others) - Global Opportunity Analysis, Trends, and Industry Forecast, 2020-2030
Industry: Aerospace & Defense | Publish Date: 14-May-2020 | No of Pages: 214 | No. of Tables: 117 | No. of Figures: 87 | Format: PDF | Report Code : N/A
Speak to Our Analyst
Market Definition:
The Global Airport Stands Equipment Market size valued to USD 1.25 billion in 2019, is expected an elevation of USD 2.00 billion by 2030, witnessing a CAGR of 4.30% from 2020-2030.
Airport stand equipment are support equipment used at the airports, during the arrival and departure of flights. These equipment’s ensures smooth-functioning of aircraft related operations, ensuring efficient operation of flights. Airport stand equipment solve the purpose of ground power operations, aircraft mobility, plus cargo or passenger loading/unloading operations, hence providing adequate safety along with comfort to airport staff and passengers.
Market Dynamics and Trends:
The global airport stands equipment market shows lucrative growth, owing to ever-increasing air-travel, global trade, and cargo-traffic. Furthermore, market trends such as constantly multiplying population, rapid urbanization, increase in disposable income as well as decrease in ticket-fares, tend to foster the tourism industry, which in-turn supplements the market growth.
Besides market dynamics like expansion and upgradation of existing airports, construction of new airports, as well as growing demand for new aircrafts, are anticipated in boosting-up the growth of the airport stands equipment market during the forecast period.
However, factors such as long shelf-life of airport stand equipment and lack of skilled work-force are expected to hamper the growth of the airport stands equipment market during the forecast period.
Moreover, growing demand for greenfield and brownfield airport projects is anticipated in creating lucrative opportunities for the global airport stands equipment market in future.
Market Segmentations and Scope of the Study:
The global airport stands equipment market share analysis is based on the equipment type and geography. Based on equipment type, the market is segmented into Air Bridges, Preconditioned Air Unit, Electrical Ground Power Unit, and Stand Entry Guidance System. The Air Bridges are sub segmented into Steel Walled Air Bridges and Glass Walled Air Bridges. The Preconditioned Air Unit segment is further branched into Fixed Preconditioned Air Unit and Movable Preconditioned Air Unit. The Electrical Ground Power Unit segment is further sub segmented into conventional Fixed Electrical Ground Power Unit and Movable Electrical Ground Power Unit. The Stand Entry Guidance System is sub-segmented into Visual Docking Guidance System (V DGS) and Advanced Visual Docking Guidance System (A-VDGS).
Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis:
North America represents a developed market; hence it is expected to hold the major market share, dominating the airport stands equipment market throughout the forecast period. This is attributable to various factors such as increase in demand for new aircrafts, rise in passenger traffic, increase in tourism industry, infrastructural developments, and others.
Asia Pacific is expected to grow significantly with gradually increasing market share, owing to the presence of emerging economies majorly India and china. Moreover, factors such as increase in number of airports, rise in disposable incomes, as well as surge in international transport are expected to augment the growth of airport stands equipment market.
Competitive Landscape:
Some of the key players of the global airport stands equipment market include ShinMaywa Industries, Cavotec SA, TUG Technologies Corporation., JBT, FMT Aircraft Gate Support Systems AB, Aero Specialties, Inc., Omega Aviation Services, Inc., ThyssenKrupp Airport Systems, Ltd., and others.
The cutting-edge product launches, facility expansions and collaborations among the market players, is taking the global airport stands equipment market to new-heights.
For instance, in July 2018, the very well-known Textron Ground Support Equipment Inc. announced its first pushback in the new ALPHA series of conventional pushbacks, named ‘TUG ALPHA 4.’ The pushback is capable of moving aircraft up to the Airbus A340 and Boeing 747, with a maximum drawbar pull of 72,000 pounds and maximum net vehicle weight of 120,000 pounds.
Besides, in March 2020, the major market player Cavotec SA bagged two major ground support equipment (GSE) orders costing more than 3 million euros. The airports being Chengdu Tianfu International Airport and Beijing Capital International Airport based in China. With this, Cavotec confirms its position as a leading supplier and systems integrator for the fast-growing Asian aviation market.
KEY BENEFITS:
-
The airport stands equipment market report provides a quantitative analysis of the current market and estimations through the year 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.
-
The study comprises a deep dive analysis of the airport stands equipment market including current and future trends for depicting the prevalent investment pockets in the market
-
The report provides detailed information related to key drivers, restraints, opportunities, and their impact on the airport stands equipment market.
-
The report incorporates competitive analysis of the market players along with their market share and market size in the global airport stands equipment market.
-
The study elaborates SWOT analysis and Porters Five Forces model for the airport stands equipment market.
-
Value chain analysis of the airport stands equipment market trend in the study provides a clear picture of the stakeholders’ roles.
KEY MARKET SEGMENTS:
By Type
-
Boarding Bridges
-
Preconditioned Air Units (PCA)
-
Flexible Preconditioned Air Unit
-
Movable Preconditioned Air Unit
-
Ground Power Units
-
Others
By Region
-
North America
-
U.S.
-
Canada
-
Mexico
-
-
Europe
-
UK
-
Germany
-
France
-
Russia
-
Italy
-
Rest of Europe
-
-
Asia-Pacific
-
China
-
Japan
-
India
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
RoW
-
Latin America
-
Middle East
-
Africa
-
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Analysis Period |
2019–2030 |
|
Base Year Considered |
2020 |
|
Forecast Period |
2020–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Type (Boarding Bridges, Preconditioned Air Units (PCA), Flexible Preconditioned Air Unit, Movable Preconditioned Air Unit, Ground Power Units, Others) |
|
Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, Russia, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of APAC), Rest of the World (Latin America, Middle East, Africa) |
|
Companies Profiled |
ShinMaywa Industries, Cavotec SA, TUG Technologies Corporation., JBT, FMT Aircraft Gate Support Systems AB, Aero Specialties, Inc., Omega Aviation Services, Inc., ThyssenKrupp Airport Systems, Ltd. |
KEY PLAYERS
-
ShinMaywa Industries
-
Cavotec SA
-
TUG Technologies Corporation
-
JBT
-
FMT Aircraft Gate Support Systems AB
-
Aero Specialties, Inc.
-
Omega Aviation Services, Inc.
-
ThyssenKrupp Airport Systems, Ltd.
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
