The global airport stands equipment market is estimated to be valued at USD 851.71 Million in 2015 and is projected to reach USD 1196.93 Million by 2020, at a CAGR of 7.0% from 2015 to 2020. The growth in the airport stands equipment market is attributed to factors such as increasing demand in commercial aviation applications, better technological advancements, and amended safety norms to perform complex operations with least human intervention, and reduced risks and cost associated with the use of stands equipment.

The global airport stands equipment market is projected to witness high growth in the next five years. The growth of this market is estimated to be driven by the increasing demand from upcoming airports. The market is further driven by the demand for ground support equipment such as electrical ground power unit, preconditioned air unit, and stands entry guidance system. The purpose of the airport stands equipment report is to identify various types and technologies involved and the major drivers & restraints of the market. The key players of the global airport stands equipment are comprehensively covered in the report, along with their growth strategies and recent developments.

The high growth potential in emerging markets and increase in demand for refurbishing market offers opportunities to the players in the airport stands equipment market. However, optimum utilization of resources present at the stands is the major challenge faced by the industry.

Asia-Pacific is estimated to be the fastest-growing global airport stands equipment market. China and India are projected to register the highest CAGR in APAC from 2015 to 2020. The growth in these countries is expected to be driven by the increase in passenger traffic and increase in the number of airports during the forecast period.

The market players such as ThyssenKrupp Airport Systems Inc. (U.S.), John Bean Technologies Corporation (U.S.), and TUG Technologies Corporation (U.S.) are adopting various strategies such as new product developments, long-term contracts, and expansions to strengthen their positions in the global market. They are investing considerable amounts of their revenue into R&D to introduce advanced stands equipment with reduced weight.

Scope of the Report

Airport stands equipment research report categorizes the global market into the following segments and subsegments:

Airport Stands Equipment Market, By Equipment

Passenger Boarding Bridge

Preconditioned Air Unit

Stands Entry Guidance System

Electrical Ground Power Unit

Airport Stands Equipment Market, By Geography

North America

Europe

APAC

Middle East

Rest of the World

Customizations available for the report:

With the given market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for the report:

Geographic Analysis Further breakdown of the Rest of Asia-Pacific market into Australia, Malaysia, and New Zealand, among others

Company Information Detailed analysis and profiling of additional market players (up to five)



The global airport stands equipment market size is expected to reach USD 1196.93 Million by 2020 from USD 851.71 Million in 2015, at a CAGR of 7.0% between 2015 and 2020. Major drivers for airport stands equipment market include the expansion and modernization of airports globally, along with the increasing number of upcoming airports in the developing regions.

The report provides comprehensive insights into various aspects of the market. The airport stands equipment market report is segmented the market on the basis of equipment, sub types of equipment, technology, and regions. The equipment segments included in this report are air bridges, preconditioned air unit, electrical ground power unit, and stand entry guidance systems. The technology types differ according to the equipment type.

The number of passengers traveling by air is increasing annually. The increase can be attributed to the increase in passengers traveling from the developing regions. The increase in demand for aviation services can be mainly contributed to the growth of aviation services in the developing regions such as Southeast Asia and Middle Eastern countries. These regions are improving on their economic prosperity; this is likely to enhance the demand for high value aviation services in these regions.

The air bridge segment of the airport stands equipment market is further categorized according to the structure of wall and the number of tunnels. The stand entry guidance system segment is categorized according to the system used, that is, visual docking guidance system and advanced visual docking guidance system.

The diesel-powered preconditioned air unit is the most dominant segment since diesel is one of the most widely available fuel sources. The gas-powered preconditioned air unit is a modified version of the diesel-powered preconditioned air unit with the ability to burn gaseous fuel. Electric-powered preconditioned air unit also includes the battery operated units. Both the gas-powered and electric-powered preconditioned air units have limited application because of operational difficulty of the fuel types.

The regional segments included in the airport stands equipment market report are North America, Europe, Asia-Pacific, Middle East, and Rest of the World. The airport stands equipment market report maps each equipment type in four regional segments and 15 country-wise segments.

Major players in market include JBT Aerotech (U.S.), ThyssenKrupp Airport Systems, Inc. (U.S.), TUG Technologies Corporation (U.S.), Cavotec SA (Switzerland), ShinMaywa Industries Ltd. (Japan), Safegate Group (Sweden), FMT Airport Systems (Sweden), Adelte Group (Spain), Aerospace Specialties, Inc. (U.S.), and Omega Aviation Inc. (U.S.).