November 27, 2020
As per 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, global aerobridge market is expected to surpass a valuation of USD 8.5 billion by the year 2025.
Research analysts claim that increasing passenger traffic from airplanes, flourishing aviation industry, rising disposable income, and evolving standards of living are propelling the expansion of global aerobridge market size.
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Additionally, plunging prices of air travel along with high competition in the aerospace vertical are stimulating the global aerobridge market outlook.
Citing an instance, a study by the International Air Transport Association (AITA) states that around 8.2 billion passengers are projected to opt for air travel by the year 2037.
Based on wall structure, global aerobridge market from the steel-walled jet bridges segment is anticipated to exceed USD 3.5 billion by 2025, owing to increasing adoption by advertising agencies for brand promotions as well as outdoor advertising.
With regards to product landscape, the noseloader segment is calculated to witness a deployment of 1500 units by the end of the study duration. The access of tunnels across both vertical as well as horizontal axes in the product are fostering the expansion of the segment.
Regionally, Asia-Pacific aerobridge market is predicted to acquire noteworthy business development over 2019-2025, on account of escalating demand for infrastructural overhaul, project proposals for airport expansion, and increasing passenger traffic from air travel.
Major players that define the competitive landscape of worldwide aerobridge market are Vataple Machinery (Kunshan) Co., Ltd., Airport Equipment, Muhibbah Airline Support Industries Sdn Bhd, FMT Sweden AB, PT Bukaka Teknik Utama Tbk, ShinMaywa Industries, Ltd., CIMC-TianDa Holdings Company Limited, JBT Corporation, ADELTE Group, and ThyssenKrupp AG.