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Airport Stands Equipment Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
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LONDON, GREATER LONDON , UNITED KINGDOM, October 18, 2024 /EINPresswire / -- The airport stands equipment market has experienced robust growth in recent years, expanding from $2.21 billion in 2023 to $2.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increased air traffic, focus on passenger experience, modularity in designs, safety features enhancement, adaptability to aircraft variability.
What Is The Estimated Market Size Of The Global Airport Stands Equipment Market And Its Annual Growth Rate?
The airport stands equipment market is projected to continue its strong growth, reaching $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to investment in research & development, safety enhancement measures, customized solutions, adaptability to aircraft diversity, airport expansion and development.
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Growth Driver Of The Airport Stands Equipment Market
The growing demand for cargo charters is expected to propel the growth of the airport stand equipment market going forward. Cargo charters refer to cargo carriers that land at the airport less than fourteen times in any given calendar year and are not scheduled to serve the airport. Airport stand equipment facilitates efficient aircraft parking, boarding, and disembarkation processes at airports, ensuring smooth operations, timely turnarounds, and enhanced overall airport functionality.
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Who Are The Leading Competitors In The Airport Stands Equipment Market Share?
Key players in the market include Cavotec SA, John Bean Technologies Corporation, ThyssenKrupp Airport Systems Inc., ShinMaywa Industries Ltd., FMT Airport Systems, Adelte Group, Aerospace Specialties Inc., Omega Aviation Inc., TUG Technologies Corporation, Safegate Group, Dedienne Aerospace SAS, Fabrication Authorities International Inc., HHI Corporation, Hydro System KG, JETechnologies Solutions Inc., Textron Ground Support Equipment Inc., Semmco Ltd., Waag Aircraft, Wildeck Inc., Air+Mak Industries, Aviaco GSE, Charlatte America, CIMC-TianDa Airport Support Ltd., Douglas Equipment Ltd., ITW GSE, Kalmar Motor AB, LÖDIGE Industries GmbH, Mallaghan Engineering Ltd., Mulag Fahrzeugwerk Heinz Wössner GmbH u. Co. KG, Phoenix Metal Products Inc., Powervamp Ltd., Rusada Aviation Private Limited, TCR International NV, TLD Group, Tronair Inc., Vataple Group, Vestdavit AS, Vestergaard Company
What Are The Dominant Trends In Airport Stands Equipment Market Growth?
Major companies operating in the airport stand equipment market are increasing their focus on introducing accessible boarding ramps, to provide more advance solution. The advance boarding ramps is a specialized airport boarding ramp system designed to facilitate the seamless boarding and disembarkation of passengers from aircraft.
How Is The Global Airport Stands Equipment Market Segmented?
1) By Stands: Engine Access, Landing Gear Access, Wheel, Aircraft Entry, Cabin Interior, Other Stands
2) By Equipment: Passenger Boarding Bridge, Preconditioned Air Unit, Stands Entry Guidance System, Electrical Ground Power Unit
3) By Platform Type: Fixed, Movable
4) By Application: Aircraft Operations, Maintenance, Repair, And Overhual (MRO)
Geographical Insights: Asia-Pacific Leading The Airport Stands Equipment Market
Asia-Pacific was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Airport Stands Equipment Market Definition
The airport stands equipment is the part of an aerodrome apron intended to be used for parking the aircraft for the purpose of loading or unloading passengers and providing ground services.
Airport Stands Equipment Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global airport stands equipment market report covering trends, opportunities, strategies, and more
The Airport Stands Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on airport stands equipment market size, airport stands equipment market drivers and trends, airport stands equipment market major players and airport stands equipment market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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