August 12, 2021
According to the business intelligence report titled ‘Aerobridge Market Size By Wall Structure (Steel, Glass), By Elevation System (Hydraulic, Electromechanical), By Movement (Fixed, Movable), By Tunnel Sections (Two, Three), By Product Type (Apron Drive, Noseloader, T-Bridge, Commuter Bridge) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’,available with Market Study Report, global aerobridge market is anticipated to grow significantly between 2019-2025 and record a valuation of more USD 8.5 billion by 2025.
Increasing number of air travelers, rising disposable income, and changing lifestyles are key factors driving global aerobridge market growth. Expansion of the aviation vertical, growing affordability of air travel owing to a decrease in air ticket prices will spur the industry outlook as well.
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According to the International Air Transport Association, the number of air passengers is estimated to reach 8.2 billion by 2037. This has encouraged airlines to enhance their infrastructure to attract more customers.
Based on wall structure, the steel-walled jet ridges segment held majority of the industry share in the past year and is anticipated to cross USD 3.5 billion valuation by 2025. Extensive usage of these ridges by advertising agencies for outdoor brand promotions is credited for the growth of this segment.
As per product gamut, global aerobridge industry share from noseloader segment is speculated to record considerable growth between 2019-2025 because of its ability to move across both vertical and horizontal axis.
Regionally speaking, Asia Pacific held majority of worldwide aerobridge market share in the recent past and is projected to expand rapidly between 2019-2025 owing to rising passenger traffic. Increasing number of proposals for expansion of airports in tandem with the rapid infrastructural development will further stimulate revenue inflow in APAC.
Key players formulating the competitive landscape of global aerobridge market are Vataple Machinery (Kunshan) Co. Ltd., Thyssen Krupp AG, Airport Equipment Limited, ADELTE Group, Muhibbah Airline Support Industries Sdn Bhd, JBT Corporation, FMT Sweden AB, CIMC Tianda Holdings Limited, PT Bukaka Teknik Utama Tbk, and ShinMaywa Industries Ltd.