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

"Market Definition:
The Global Airport Stands Equipment Market was valued at USD 1.25 billion in 2019 and is expected to reach USD 2.00 billion by 2030 expanding at a CAGR of 4.30% from 2020-2030. Airport stand equipment are used at airports during the arrival and departure of flights. These equipment ensure smooth-functioning of aircraft related operations. Airport stand equipment help in ground power operations, aircraft mobility, and cargo or passenger loading/unloading operations, and thus provide adequate safety and comfort to airport staff and passengers.

Market Dynamics and Trends
The global airport stands equipment market is projected to expand at a high CAGR, owing to increasing air-travel, rising global trade, and growing cargo-traffic. Furthermore, factors such as booming population, rapid urbanization, increase in disposable income, decrease in ticket-fares, and growth in tourism are propelling the market growth. Upgradation of existing airports, construction of new airports, and growing demand for new aircrafts are anticipated in boost the airport stands equipment market during the forecast period.
Long shelf-life of airport stand equipment and lack of skilled work-force are expected to hamper the growth of the market during the forecast period. Conversely, growing demand for greenfield and brownfield airport projects is anticipated to create lucrative opportunities in the global market during the forecast period.
 
Market Segmentations and Scope of the Study:
The global airport stands equipment market is categorized based on type and geography. In terms of type, the market is segmented into boarding bridges, preconditioned air unit, ground power unit, and others. The preconditioned air unit segment is bifurcated into fixed preconditioned air unit and movable preconditioned air unit. On the basis of geography, the global airport stands equipment market is split into North America, Europe, Asia-Pacific, and Rest of the World (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

Key players in the global airport stands equipment market include Aero Specialties, Inc., Airport Equipment, FMT Aircraft Gate Support Systems AB, Textron Inc., JBT Corporation, Cavotec SA, ThyssenKrupp AG, ADELTE Group S.L., HDT Global, and ShinMaywa Industries, Ltd.

In July 2018, Textron Ground Support Equipment Inc. announced its first pushback in the 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. In March 2020, Cavotec SA received two major ground support equipment (GSE) orders costing more than Euro 3 million from the airports, Chengdu Tianfu International Airport and Beijing Capital International Airport in China. With this, Cavotec confirms its position as a leading supplier and systems integrator for the fast-growing aviation industry in Asia.

KEY MARKET SEGMENTS:
• Global Airport Stands Equipment Market:

By Type

o Boarding Bridges
o Preconditioned Air (PCA) Unit
 Flexible Preconditioned Air Unit
 Movable Preconditioned Air Unit
o Ground Power Unit
o Others
• Global Airport Stands Equipment Market: By Region
o North America
 U.S.
 Canada
 Mexico
o Europe
 UK
 Germany
 France
 Russia
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 South Korea
 Australia
 Rest of Asia-Pacific
o RoW
 Latin America
 Middle East
 Africa
 Remaining Countries
KEY PLAYERS
• Aero Specialties, Inc.
• Airport Equipment
• FMT Aircraft Gate Support Systems AB
• Textron Inc.
• JBT Corporation
• Cavotec SA
• ThyssenKrupp AG
• ADELTE Group S.L.
• HDT Global
• ShinMaywa Industries, Ltd."

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