Airport Stands Equipment Market

Airport Stands Equipment Market: Introduction

Airport stand equipment is defined as the tools and equipment used on the aircraft ramp during the arrival and departure of flights to provide smooth and efficient operation of flights and adequate safety and comfort for airport staff and passengers

Key Drivers of Airport Stands Equipment Market

• Consistent rise in global freight and passenger traffic, modernization of airports, and high demand for new aircraft are major factors that propel the airport stands equipment market. Expansion of economies, declining cost in air travel, and an emerging middle class in developing countries with large populations are creating a wave of new potential air travelers and boosting the demand for airports stands equipment.

Challenges in Airport Stands Equipment Market

• The COVID-19 pandemic has had a significant impact on the aviation industry due to travel restrictions and a slump in demand among travelers. Significant reduction in passenger numbers has resulted in flights being cancelled or planes flying with very few passengers. This, in turn, is estimated to hamper the demand for airport stands equipment in the near future.

Opportunities in Airport Stands Equipment Market

• Higher living standards are an important determinant and countries with large population bases including Brazil, Russia, India, and China have witnessed considerable expansion of their middle class and their working population. Therefore, improvement in living standards and income levels of economy class is projected to propel the occupancy of airlines, and air traffic in the next few years and consequently, offer significant opportunity for the airport stands equipment market.

Asia Pacific to Dominate Airport Stands Equipment Market

• The airport stands equipment market in Asia Pacific is estimated to expand at a rapid pace. The market in China and India is projected to expand at a significant CAGR from 2021 to 2031. Expansion of the market in these countries is expected to be driven by an increase in passenger traffic and increase in the number of airports during the forecast period.

Key Players Operating in Airport Stands Equipment Market

The global airport stands equipment market is moderately consolidated. A few of the key players operating in the global airport stands equipment market are:

• TUG Technologies Corporation
• Cavotec SA
• JBT Aerotech
• ThyssenKrupp Airport Systems, Inc
• ShinMaywa Industries Ltd
• Safegate Group
• FMT Airport Systems
• Adelte Group
• Aerospace Specialties, Inc.
• Omega Aviation Inc

Global Airport Stands Equipment Market: Research Scope

Global Airport Stands Equipment Market, by Equipment Type

• Air Bridges
  • Steel
  • Glass
• Preconditioned Air Unit
  • Fixed
  • Movable
• Electrical Ground Power Unit
  • Fixed
  • Movable
• Stand Entry Guidance System
  • VDGS
  • AVDGS

Global Airport Stands Equipment Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Nordic Region
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa