The passenger boarding bridge market is projected to grow from USD 750.0 Million in 2016 to USD 1,078.0 Million by 2021, at a CAGR of 7.5% during the forecast period. Increasing passenger traffic at airports and modernization programs are expected to drive the market during the forecast period. In recent years, increasing passenger traffic and concerns about the turnaround time of aircraft at airports have driven more airports agencies to procure passenger boarding bridges for boarding purposes. Owing to these factors, airport agencies and governments, of various countries have invested more in procuring advanced passengers boarding bridges, including apron drive, commuter, nose-loader and t-bridges.
Objectives of the Study:
This report covers the forecast of the passenger boarding bridge market and its dynamics over the next five years, along with recognizing market application gaps, recent developments in the market, and high potential countries. The market has been analyzed primarily on the basis of application (airports, seaports) between 2016 and 2021, with 2015 as the base year. The report also analyses opportunities in the market for stakeholders by identifying key market trends, along with comprehensive analysis of market share and core competencies of key players to track competitive developments, such as joint ventures, mergers, acquisitions, research and development activities in the passenger boarding bridge market.
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The ecosystem of the passengers boarding bridge market comprises manufacturers, distributors, and end users. Key end users of the passengers boarding bridge market are airports, seaports and governments of several countries. Some of the key players in the market are JBT Aero Tech (U.S.), ThyssenKrupp AG (Germany), CIMC Group Ltd (China), and Adelte Group S.L (Spain), among others. These players are adopting strategies such as new product launches, long-term contracts, and acquisitions to strengthen their positions in the global passenger boarding bridge market. They are also focusing on investing considerable amount of their revenues on R&D to introduce such bridges with advanced technologies and reduced weight.
“Study answers several questions for stakeholders, primarily, which segments to focus over the next five years for prioritizing efforts and investments”
- Original Equipment Manufacturers (OEMs)
- Regulatory Bodies
- Component Suppliers
- Airports Agencies
The global passenger boarding bridge market is projected to grow from USD 750.0 Million in 2016 to USD 1,078 Million by 2021, at a CAGR of 7.5% during the forecast period. Factors such as modernization of existing airports and refurbishment of existing equipment, and increasing passenger traffic are expected to drive the global passengers boarding bridge market between 2016 and 2021.
On the basis of application, the given market has been segmented into airports and seaports. The airport segment is projected to grow at the highest CAGR during the forecast period. The rising demand for passenger boarding bridges can be attributed to several factors, including the turnaround time of aircraft, passenger traffic, and airport modernization programs.
Procurement of passenger boarding bridges for airports and seaports have increased considerably over the past few years, mainly driven by passenger traffic and modernization of airports and seaports, globally, especially in the Middle East and Asia-Pacific. Some of the major products of passengers boarding bridges being procured are apron drive, commuter and T-bridge, among others. The overall market is dominated by the apron drive bridge segment as of 2016, and this segment is expected to witness the highest growth in the coming years. This can be attributed to the rising demand for light or medium-sized passenger boarding bridges, primarily driven by enhanced mobility and maneuverability offered by the apron drive bridge.
The passengers boarding bridge market is dominated by the glass-walled subsegment, which is most commonly used for embarking and disembarking passengers. All types of airports, such as Class A, Class B, and Class C, use glass-walled bridges. This segment is also expected to witness the highest growth in the coming years.
The Asia-Pacific region is expected to exhibit highest growth in the passengers boarding bridge market during the forecast period. This rapid growth can be attributed to increasing modernization of existing airports and greenfield runway projects in China, India, Australia, and many other countries. Airlines in China are introducing various aircraft models to serve passengers from busy routes to untapped regional routes in order to facilitate business and leisure travel. To support this trend, Chinese airport authorities increased their focus to upgrade airport infrastructure, which is aimed at enhancing passenger satisfaction.