Airport Stands Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Airport Stands Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Transport & Logistics

Report Description

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Airport Stands Equipment Market: Overview

Airport stands equipment are used as predetermined stands on the aircraft ramp during the arrival, and departure of flights to ensure efficient operation of fights, provide comfort for passengers and airport staffs, adequate safety, and ensure smooth functioning of all operations related to aircrafts. Besides this, quality airport stand equipment ensure free, and efficient operation.

Drivers and Restraints

The major factors contributing towards the growth of the airport stands equipment market includes technological advancements, increasing demand in commercial aviation applications and extensive safety norms to perform intricate operations with reduced risks, cost associated with the use of stand equipment, and least human intervention. Furthermore, the growth of the global airport stands equipment market is anticipated to be driven by increasing demand for upcoming airports, ground support equipment such as preconditioned air unit, stand entry guidance system, and electrical ground power unit. With advancements in technology, the rate of air traffic, and airport upgradation has increased significantly, which is expected to fuel the growth of the global airport stands equipment market. The high growth potential in emerging markets, and increase in demand for product refurbishing market, is anticipated to offer significant opportunities to market players associated with the airport stands equipment market. Moreover, growth in international tourism has led to an expansion of existing airports, and construction of new airports, which is expected to stimulate the growth of the airport stands equipment market during the forecast period. However, there are some key challenges, which are expected to impede the growth of airport stands equipment market on a smaller scale, which mainly includes optimum utilization of resources, and rising operation expenditure.

Rising demand for brownfield airport projects and growing various number of energy-efficient projects are some of the key trend in the airport stands equipment market.

Airport Stands Equipment Market: Key Segments

The global airport stands equipment market can be segmented on the basis of equipment, and geography. Based on equipment, the global Airport stands equipment market can be bifurcated into preconditioned air units, passenger boarding, electrical ground power unit, stand entry guidance system, and air bridge. Furthermore, the preconditioned air units can be divided into movable preconditioned unit, and fixed air conditioned unit. The electrical ground power unit has been further categorized into movable ground power unit, and fixed electrical ground power unit. The air bridges are further segmented into glass walled air bridge, and steel walled air bridges. Based on geography, the global Airport stands equipment market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Airport Stands Equipment Market: Preliminary Analysis:

Preconditioned Air Units segment is expected to show lucrative growth during forecast period owing to the significant increase in air traffic across the globe. Among the geographies, North America is anticipated to dominate the global market with largest market share owing to renovation of old airports. Moreover, Asia Pacific is anticipated to dominate the global airport stands equipment market in terms of growth rate during the forecast period. India and China are estimated to be the major contributors towards the growth of airport stands equipment market in Asia Pacific, and are anticipated to register highest growth during the forecast period owing to increasing number of airports, and increase in passenger traffic.

Airport Stands Equipment Market: Key Players

Some of the major market players associated with the global airport stands equipment market includes AERO SPECIALTIES, INC., TUG Technologies Corporation., FMT Aircraft Gate Support Systems AB, JBT, Cavotec SA, ThyssenKrupp Airport Systems, Omega Aviation Services, Inc., ShinMaywa Industries, Ltd, and some others. The prominent players in airport stand equipment market are observed to be focused on acquiring local market players and vendors to maintain competitive edge. Other competitive strategies adopted by the players include collaborations, joint ventures, and constant upgradation of products and services.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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