June 01, 2020
According to the research report titled ‘Aerobridge Market Size By Wall Structure, By Elevation System, By Movement, By Tunnel Sections, By Product Type Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, global aerobridge market is expected to cross USD 8.5 billion by the year 2025.
Growing number of air passengers, flourishing global aviation industry and increasing focus of carriers towards passengers are major factors driving the growth of aerobridge market. Rising per capita income and evolving consumer lifestyle are also aiding the market expansion.
Heavy competitive scenario in the aerospace market has decreased the cost of air travel which in turn is stimulating the industry outlook. According to the International Air Transport Association (IATA), total number of air passengers is expected to reach 8.2 billion by the year 2037.
As per wall structure, steel jet bridges segment is predicted to cross USD 3.5 billion by the year 2025. Jet bridges are widely adopted by advertising agencies for brand promotions. They play a significant role in outdoor advertising as well as allows efficient publicity of brand messages to various passengers.
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Based on the product landscape, noseloader segment is estimated to surpass 1,500 units by the year 2025. The tunnel in noseloader jet bridges can move across two axes, vertically or horizontally.
Considering the geographical landscape, Asia-Pacific aerobridge industry is expected to grow significantly during the forecast period. Increasing air passenger traffic coupled with rapid expansion and development of airports are augmenting the regional demand for aerobridges.
The prominent companies operating on global aerobridge market are Vataple Machinery (Kunshan) Co. Ltd., Airport Equipment, Muhibbah Airline Support Industries Sdn Bhd, FMT Sweden AB, ShinMaywa Industries Ltd., CIMC-TianDA, JBT Corp., ADELTE- The Boarding Co. and Thyssenkrupp AG among others.