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Global Airport Stands Equipment Market is valued to reach USD 2.4 Billion by 2025, growing at CAGR of 8.5% over the forecast period 2020-2026.
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Airport Stands Equipment Market Growth, Trends | Industry Report, 2026 • Global Airport Stands Equipment Market is valued to reach USD 2.4 Billion by 2025, growing at CAGR of 8.5% over the forecast period 2020-2026. Key factors driving the market are increase in the tourism industry, continuous rise in global freight and passenger traffic and growing demand for better services at the airport and during flight. The growing popularity of air cargo demands the need for relevant apparatus and stands for convenience of transporting the goods. Commercially, the key players are adopting innovative methods at airports to lessen the turnaround time, although this is evident through a small percent of success. Therefore, as the market experiences a steady demand for airport accessories to ensure effective ground operations, the market is expected to register a high CAGR. • Market Trends, Drivers, Restraints and Opportunity: • Airport stands equipment is driven by rise in freight and passenger traffic all across the globe. In addition, increase in travel and tourism is much likely to trigger the market development in the forthcoming years • Modernization of airports and increase in international passenger traffic has resulted in a robust market development led by substantial investments. Moreover, government support has encouraged airline industry which leads at subsequent rise in the annual growth rate • Availability of technically competent manpower, and digitalization adopted all across for daily transactions contributes towards the market development throughout the forecast period • Techno-commercial developments pertaining to airport infrastructure is more likely to create immense growth opportunities in the following years • On contrary, challenges such as low turnaround time for procurement and installation at airports followed by high frequency of maintenance is likely to hamper the market growth
Scope of the Report: The report on global airport stands equipment market includes an assessment of the market size, share, trends, segments, regional markets and competitive scenarios. Segment overview and dynamics have been included in the report. Request for Free Sample: https://dataintelo.com/request-sample/?reportId=130098
Airport Stands Equipment Market Segment Share Insights: Boarding bridges hold a high accountability in the global airport stands equipment market By type, the market can be segmented as preconditioned air units, boarding bridges, ground power units and others. Boarding bridges are likely to hold a significant market share in the forecast period attributing to extensive use and importance from the safety point of view. In addition, boarding bridges enjoy a significant market share owing to diverse availability and competition among key players. North America to hold a dominant position throughout the forecast period By region, airport stands equipment market can be segmented as North America, South America, Europe, Asia Pacific, Middle-East and Africa. North America accounts for a significant market share attributing to availability of infrastructure, rise in passenger traffic and booming tourism industry. Similarly, Asia Pacific is likely to witness a significant share in the coming years attributing to development of international airports and availability of funds. Competitive Landscape: Some of the key players in the airport stands equipment market are Aero Specialities Inc., JBT Corporation, Cavotec SA, ThyssenKrupp AG, HDT Global, Textron Inc., and ShinMaywa Industries Ltd. Mergers & acquisitions, trends and analysis pertaining to strategic collaboration among partners and mutual agreements and partnerships are some of the growth strategies identified. The key players are adopting innovative methods for product launch to strengthen their geographical presence.
Segments Covered in the Report • The global airport stands equipment market can be segmented based on type and region. • By Type: • Preconditioned Air Units (PCA) • Boarding Bridges • Ground Power Units • Others • By Region: • North America • LAMEA • Europe • Asia Pacific • Middle-East • Africa • Discover More @ https://dataintelo.com/