Industry Background:
The airport stands equipment is widely used in civil airport, business airport, and military airport. Demand for airport stands equipment has increased due to the increase in the number of passengers traveling throughout the world. For instance, according to an article published by United States Department of Transportation, United States airlines have carried more than 3.0% more passengers on domestic flights and 3.5% more passengers on international flights in 2017 than in 2016 for a system-wide increase of 3.1%. Hence, the rising number of passenger access the world will affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Thyssenkrupp Airport Systems (United States), TUG Technologies Corporation (United States), JBT Corporation (United States), Mallaghan (Ireland), AERO Specialties, Inc. (United States), Aerotech Inc. (United States), AMSS (United Kingdom), Denge Airport Equipment (Turkey), Aeon Enterprise (United States), Sinepower Lda (Portugal) and Trepel Airport Equipment GmbH (Germany) |
According to AMA, the market for Airport Stands Equipment is expected to register a CAGR of 8.1% during the forecast period to 2028. This growth is primarily driven by Continuous Increase in Global Freight as well as Passenger Traffic and Rising Demand for Modernization of Airports as Well as High Demand for New Aircraft.
Globally, a noticeable market trend is evident Technology Advancement in Airport Stands Equipment The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Thyssenkrupp Airport Systems (United States), TUG Technologies Corporation (United States), JBT Corporation (United States), Mallaghan (Ireland), AERO Specialties, Inc. (United States), Aerotech Inc. (United States), AMSS (United Kingdom), Denge Airport Equipment (Turkey), Aeon Enterprise (United States), Sinepower Lda (Portugal) and Trepel Airport Equipment GmbH (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global airport stands equipment market is characterized as a highly fragmented industry owing to the presence of multiple global as well as regional players. Thyssenkrupp Airport Systems (United States), TUG Technologies Corporation (United States), JBT Corporation (United States), among others are among the prominent players.
Key Developments in the Market:
In August 2022, Agility acquired all the ordinary shares of Menzies, amounting to a total cost of around 763 million GBP (approximately 920 million USD). This strategic move has resulted in the formation of a unified company that will offer comprehensive air cargo services, fuel services, and ground services across airports spanning six continents.
In June 2023, For the past decade, Pristina International Airport has been actively pursuing state-of-the-art passenger services. This journey commenced in 2011 when the Kosovo government established a 20-year franchise agreement with the Limak Group. Throughout the years, the airport has implemented various cutting-edge solutions provided by Amadeus. These include the utilization of Amadeus Altéa Departure Control for Ground Handlers, which has facilitated more reliable and standardized passenger services.
Influencing Trend:
Technology Advancement in Airport Stands Equipment
Market Growth Drivers:
Continuous Increase in Global Freight as well as Passenger Traffic and Rising Demand for Modernization of Airports as Well as High Demand for New Aircraft
Challenges:
Lack of skilled workforce in some region and High Maintenance Cost
Restraints:
The long shelf life of Airport Stand Equipment and Issue related to Rising Expense for Lost Cost Operators
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Airport Stands Equipment Market
- Analysis about New Entrants in Airport Stands Equipment Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Airport Stands Equipment Study Sheds Light on
The Airport Stands Equipment Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Airport Stands Equipment industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Airport Stands Equipment industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.