Overview and Scope
The airport stands equipment is the part of an aerodrome apron intended to be used for parking the aircraft for the purpose of loading or unloading passengers and providing ground services.
Sizing and Forecast
The airport stands equipment market size has grown strongly in recent years. It will grow from $2.21 billion in 2023 to $2.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increased air traffic, focus on passenger experience, modularity in designs, safety features enhancement, adaptability to aircraft variability..
The airport stands equipment market size is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to investment in research & development, safety enhancement measures, customized solutions, adaptability to aircraft diversity, airport expansion and development.. Major trends in the forecast period include integration with airport management systems, infrastructure upgrades, ground handling automation, smart infrastructure integration, remote monitoring and control, adoption of iot and sensors..
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The airport stands equipment market covered in this report is segmented –
1) By Stands: Engine Access, Landing Gear Access, Wheel, Aircraft Entry, Cabin Interior, Other Stands
2) By Equipment: Passenger Boarding Bridge, Preconditioned Air Unit, Stands Entry Guidance System, Electrical Ground Power Unit
3) By Platform Type: Fixed, Movable
4) By Application: Aircraft Operations, Maintenance, Repair, And Overhual (MRO)
Asia-Pacific was the largest region in the airport stands equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport stands equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in global freight and passenger traffic is expected to propel the airport stands equipment market going forward. Air freight traffic is increasing due to the need for speedy goods transportation and supply chain congestion. Additionally, air passenger traffic is increasing due to rising income levels and economic and demographic growth. The rise in freight and passenger traffic requires equipment to support airport operations and creates a need for regular aircraft maintenance, simultaneously creating demand for airport stand equipment. For instance, according to the May 2022 passenger data published by the IATA (International Air Transport Association), a trade association for the world’s airlines, total air traffic was up 83.1% compared to May 2021, mostly driven by a strong recovery in international traffic. Further, in May 2022, international traffic grew 325.8% versus May 2021. Therefore, the rise in global freight and passenger traffic will drive the growth of the airport stands equipment market.
Key Industry Players
Major companies operating in the airport stands equipment market report are Cavotec SA, John Bean Technologies Corporation, ThyssenKrupp Airport Systems Inc., ShinMaywa Industries Ltd., FMT Airport Systems, Adelte Group, Aerospace Specialties Inc., Omega Aviation Inc., TUG Technologies Corporation, Safegate Group, Dedienne Aerospace SAS, Fabrication Authorities International Inc., HHI Corporation, Hydro System KG, JETechnologies Solutions Inc., Textron Ground Support Equipment Inc., Semmco Ltd., Waag Aircraft, Wildeck Inc., Air+Mak Industries, Aviaco GSE, Charlatte America, CIMC-TianDa Airport Support Ltd., Douglas Equipment Ltd., ITW GSE, Kalmar Motor AB, LÖDIGE Industries GmbH, Mallaghan Engineering Ltd., Mulag Fahrzeugwerk Heinz Wössner GmbH u. Co. KG, Phoenix Metal Products Inc., Powervamp Ltd., Rusada Aviation Private Limited, TCR International NV, TLD Group, Tronair Inc., Vataple Group, Vestdavit AS, Vestergaard Company
The airport stands equipment market report table of contents includes:
1. Executive Summary
2. Airport Stands Equipment Market Characteristics
3. Airport Stands Equipment Market Trends And Strategies
4. Airport Stands Equipment Market – Macro Economic Scenario
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31. Global Airport Stands Equipment Market Competitive Benchmarking
32. Global Airport Stands Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Airport Stands Equipment Market
34. Airport Stands Equipment Market Future Outlook and Potential Analysis
