In a recent published report, Kenneth Research has updated the market report for Airport Stand Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Airport Stand Equipment Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Airport Stand Equipment Market is estimated to reach $1,825 million by 2025; growing at a CAGR of 7.3% from 2017 to 2025. Airport stand equipment are mainly used on the aircraft ramp through the arrival & departure of flights, which ensure effective operation of flights by offering adequate safety & comfort for passengers as well as airport staff. The major role of airport stands equipment comprises aircraft mobility, cargo or passenger loading/unloading operations, and ground power operations. It decreases set-up time for operations through real-time location visibility of equipment. Easy and more accurate tracking of mileage & hours, better airport safety and confirm to improve the overall operational reliability of the equipment are some of the benefits of airport stand equipment.
Major factors driving the global airport stand equipment market are growing demand for new aircrafts globally, growing operational efficiency of airports, & upgradation of airports. However, high operating cost of low cost carriers may hamper the market growth. Furthermore, surge in brownfield and greenfield airport projects would unfold with numerous growth opportunities in the forecasted year.
Major segments of the global airport stand equipment market are equipment type and geography. The equipment type segment comprises air bridges (steel walled air bridges and glass walled air bridges), preconditioned air unit (fixed preconditioned air unit and movable preconditioned air unit), electrical ground power unit (fixed electrical ground power unit and movable electrical ground power unit) and stand entry guidance system (VDGS (visual docking guidance system) and A-VDGS (advanced visual docking guidance system)).
Geographically, the global airport stand equipment market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, India, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The major players competing in the market are Textron Inc., JBT, FMT Aircraft Gate Support Systems AB, Cavotec SA, AERO SPECIALTIES, INC., ShinMaywa Industries, Ltd., HDT Global, ADELTE Group S.L., TUG Technologies Corporation., & thyssenkrupp AG, among others.
The key takeaways from the report
The report will provide detailed analysis of the Global Airport Stand Equipment Market with respect to major segments such as equipment type
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of the Global Airport Stand Equipment Market has been included in the report
Profile of the key players in the Global Airport Stand Equipment Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Airport Stand Equipment Market
Equipment Type Segments
Air Bridges
Steel Walled Air Bridges
Glass Walled Air Bridges
Preconditioned Air Unit
Fixed Preconditioned Air Unit
Movable Preconditioned Air Unit
Electrical Ground Power Unit
Fixed Electrical Ground Power Unit
Movable Electrical Ground Power Unit
Stand Entry Guidance System
V DGS (Visual Docking Guidance System)
A-VDGS (Advanced Visual Docking Guidance System)
Geographical Segments
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North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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