Aerobridge Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2030
Overview
Aerobridge Market was valued at US$ 8.28 Bn. in 2023. Global Aerobridge Market size is estimated to grow at a CAGR of 1.2% over the forecast period.
Aerobridge Market Overview:
An Aerobridge is a surrounding mobile or fixed link that connects an airport terminal gate to an airliner to let customers board and exit. A jetway, airbridge, gangway, or skybridge is another name for an aerobridge. The aerobridge is pivotally attached to one end of the terminal and can be moved left or right, elevated or dropped, withdrawn or extended depending on the aircraft's location and size. An aerobridge can help disabled, young, and elderly passengers gain easier and more comfortable access to planes. The aerobridges further provide refuge for passengers in the event of rain or other inclement weather. Many security organisations prefer the aerobridge to the ferry bus because it avoids traffic, the chance of accidents, and terrorist attacks.
COVID 19 pandemic had severe implications on the Aerobridge Market as aviation around the globe came to a standstill and governments enforced mandates to implement COVID protocols affecting the operations of Aerobridges. The halt in construction activities further affected the Aerobridge Market negatively.
To know about the Research Methodology :- Request Free Sample Report
Aerobridge Market Dynamics:
The surge in Public Infrastructure Projects:
The stark increase in the number of airport projects globally is the prime driver for the Aerobridge Market. This is because the number of airports is directly correlated with the number of operational aerobridges deployed. This is further driven by the increase in airline traffic requiring a greater number of aerobridges and other modern facilities to facilitate passenger comfort.
Broadening of airline routes:
Many domestic and international airports in developing nations lack aerobridges, creating a significant opportunity for growth for the market in the future. With commercial airlines planning to expand into untapped routes in order to facilitate tourism, leisure and business travel, there is a scope of expansion of the Aerobridge market in these airports.
Urbanisation of growing population:
With a growing population together with the urbanisation trend, there will be even more traffic in urban airports thereby setting the precedence for growth in of the Aerobridge Market. Because of the time savings, improved comfort, and other advantages, more individuals now prefer air travel over other means of international or domestic travel as their disposable income rises around the world. Aerobridges were primarily designed to improve passenger comfort. Passengers with impairments may have trouble accessing the apron's stairwells to board the flight. These travellers almost always require crew assistance when boarding and disembarking from an aircraft. This causes delays by slowing the boarding procedure and lengthening the overall layover time for flights. Aerobridges help travellers with mobility issues and enable more efficient operations. Aerobridges also shelter passengers from harsh weather conditions such as heat, rain, hail snow etc. All these factors boost the growth of the Aerobridge Market in the forecast period.
Aerobridge Market Segment Analysis:
Based on the Wall Structural Material, the Aerobridge Market is segmented into Glass-Walled and Steel-Walled Aerobridges. By 2030, the glass section of the aerobridge industry is projected to reach USD 5.5 Bn. Aerobridges are often built with steel wall structures because of their strength, but the modern design includes glass walls to improve the aesthetics. Glass-walled aerobridges are becoming increasingly popular as they lessen the risk of claustrophobia while simultaneously providing passengers with spectacular views.
Based on the Elevation System, the Aerobridge Market is segmented into Electromechanical Elevation system and Hydraulic Elevation system. Aerobridges increasingly use hydraulic elevation systems to save operating expenses and facilitate smooth elevation operations. This type of aerobridge system requires frequent maintenance and should be operated regularly in order to avoid polluting the atmosphere. This type of equipment is commonly used by numerous industry leaders since aerobridges are simple to use and need little experience.
Based on the Type, the Aerobridge Market is segmented into Apron Drive, Noseloader, T-bridge and Commuter Bridge. Apron Drive type is expected to dominate the market in the forecast period because of their ease of operation and flexibility in motion. They also require less space further adding to convenience in operations and storage.
Based on Mobility type, the Aerobridge Market is segmented into Fixed and Movable Aerobridges. Various airports prefer movable Aerobridges because of their increased operational flexibility. During arrival and departure, the moveable configuration allows the aerobridge in retracting and moving away from the aircraft safety zone. They may also be simply modified to different heights and are suitable for a variety of aircraft types.
Regional Insights:
Europe Aerobridge Market is expected to be dominated by the Glass-Walled segment. This is because of the popularity of flying in the region as a tourist destination. The European Aerobridge market is predicted to demonstrate a stark increase in demand as airport infrastructure continues to expand and government funding increases. The North America region is driven by the United States of America with a market value of USD 241 Mn. in 2022.
The Asia Pacific region is driven by countries such as China, India and Japan which due to their large populations are key contributors to the growth of the Aerobridge market. China is expected to reach the Aerobridge Market size of USD 312.4 Mn. by 2029.
Middle East and Africa region is also expected to grow significantly over the forecast period. The region's strategic location and liberalised market circumstances are expected to drive product demand in MEA in the coming years. Furthermore, because it links long-haul flights from the East and West, the region is becoming an international hub. In recent years, a strategic rise in airport traffic, along with capacity expansions, has aided the growth of the MEA aerobridge industry and is projected to continue to do so in the future.
The objective of the report is to present a comprehensive analysis of the global Aerobridge Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The reports also help in understanding the Aerobridge Market dynamic, structure by analyzing the market segments and projecting the Aerobridge Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Aerobridge Market make the report investor’s guide.
Aerobridge Market Scope: Inquiry Before Buying
| Aerobridge Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US$ 8.28 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 1.2% | Market Size in 2030: | US$ 9.01 Bn. |
| Segments Covered: | by Wall Structural Material | Glass-Walled Steel-Walled |
|
| by Type | Apron Drive Nose loader T-bridge Commuter Bridge |
||
| by Elevation System | Electromechanical Elevation System Hydraulic Elevation System |
||
Aerobridge Market,by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Aerobridge Market, Key Players
1. Thyssenkrupp AG(Germany)
2. CIMC Group Ltd.(China)
3. Shinmaywa Industries Ltd.(Japan)
4. Adelte Group(Spain)
5. Vataple Group Ltd.(Australia)
6. Ameribridge, Inc.(US)
7. Airport Equipment Ltd.(New Zealand)
8. FMT Airport Gate Support Systems AB(Sweden)
9. Hubner GmbH & Co. Kg.(Germany)
10.John Bean Technologies Corporation(US)
11.PT Bukaka Teknik Utama Tbh(Indonesia)
12.Muhibbah Airline Support Industries Sdn Bhd (MASI)
13.CIMC-TianDa(China)
14.A.D. McCallum & Son Pty Ltd.(Australia)
15.MHI-TES(US)
Frequently Asked Questions:
1] What segments are covered in the Global Aerobridge Market report?
Ans. The segments covered in the Aerobridge Market report are based on Wall Structural Material, Type and Elevation System.
2] Which region is expected to hold the highest share in the Global Aerobridge Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Aerobridge Market.
3] What is the market size of the Global Aerobridge Market by 2030?
Ans. The market size of the Aerobridge Market by 2030 is expected to reach US$ 8.28 Bn.
4] What is the forecast period for the Global Aerobridge Market?
Ans. The forecast period for the Aerobridge Market is 2024-2030.
5] What was the market size of the Global Aerobridge Market in 2023?
Ans. The market size of the Aerobridge Market in 2023 was valued at US$ 8.28 Bn.