Passenger Boarding Bridge Market Size, Trends, Opportunity, Growth, Forecast to 2021.

1. Passenger Boarding Bridge Market Size, Trends, Opportunity, Growth, Forecast to 2021. The passenger boarding bridge market is estimated to reach USD 1,078.0 Million by 2021, at a CAGR of 7.5% between 2016 and 2021.Factors such as modernization of existing airports and refurbishment of existing equipment, and increasing passenger traffic are expected to drive the global passengers boarding bridge market between 2016 and 2021. On the basis of application, the given market has been segmented into airports and seaports. The airport segment is projected to grow at the highest CAGR during the forecast period. The rising demand for passenger boarding bridges can be attributed to several factors, including the turnaround time of aircraft, passenger traffic, and airport modernization programs. Browse 117 market data tables with 156 figures spread through 220 pages and in-depth TOC on "Passenger Boarding Bridge (PBB) Market - Global Forecast to 2021" https://www.marketsandmarkets.com/Market-Reports/passenger-boarding- bridge-market-69975937.html Procurement of passenger boarding bridges for airports and seaports have increased considerably over the past few years, mainly driven by passenger traffic and modernization of airports and seaports, globally, especially in the Middle East and Asia-Pacific. Some of the major products of passengers boarding bridges being procured are apron drive, commuter and T-bridge, among others. The overall market is dominated by the apron drive bridge segment as of 2016, and this segment is expected to witness the highest

2. growth in the coming years. This can be attributed to the rising demand for light or medium-sized passenger boarding bridges, primarily driven by enhanced mobility and maneuverability offered by the apron drive bridge. The passengers boarding bridge market is dominated by the glass-walled subsegment, which is most commonly used for embarking and disembarking passengers. All types of airports, such as Class A, Class B, and Class C, use glass-walled bridges. This segment is also expected to witness the highest growth in the coming years. The Asia-Pacific region is expected to exhibit highest growth in the passengers boarding bridge market during the forecast period. This rapid growth can be attributed to increasing modernization of existing airports and greenfield runway projects in China, India, Australia, and many other countries. Airlines in China are introducing various aircraft models to serve passengers from busy routes to untapped regional routes in order to facilitate business and leisure travel. To support this trend, Chinese airport authorities increased their focus to upgrade airport infrastructure, which is aimed at enhancing passenger satisfaction. The growth of the passenger boarding bridge market could, however, be affected by certain major restraints, such as high cost of passenger boarding bridges and long product life cycle in the coming years. The Middle East and Asia-Pacific are expected to drive the global passenger boarding bridge market in the coming years, with the Asia-Pacific market projected to grow at the highest CAGR during the forecast period. This rapid growth of the Asia-Pacific region can be attributed to increasing research & development activities undertaken in the region for the development of technologically advanced passenger boarding bridges to provide safety to passengers and control passenger traffic at the airports. Key players operating in the passenger boarding bridge market are JBT Aero Tech (U.S.), Thyssenkrupp AG (Germany), CIMC Group Ltd (China), and Adelte Group S.L (Spain), among others. Contracts and new product launches are the major growth strategies adopted by top market players to strengthen their positions in the passenger boarding bridge (PBB) market, while also enhancing their product offerings.