Airport Stands Equipment Market Is Projected To Grow Expeditiously: To Reach USD 7.22 Billion Revenue 2030, Report

(MENAFN- EIN Presswire) Airport Stands Equipment Market - Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

The global airport stands equipment market was valued at $3.97 billion in 2020, and is projected to reach $7.22 billion by 2030, registering a CAGR of 6.4%.” - Allied Market ResearchWILMINGTON, DE, UNITED STATES, February 17, 2025 /EINPresswire / -- Allied Market Research recently published a report, titled, "Airport Stand Equipment Market by Stand (Engine Access, Landing Gear Access, Wheel, Aircraft Entry, Cabin Interior, and Others) and Application (Aircraft Operations and Maintenance, Repair, & Overhaul (MRO)): Global Opportunity Analysis and Industry Forecast, 2021-2030" As per the report, the global airport stand equipment industry was accounted for $3.97 billion in 2020, and is expected to reach $7.22 billion by 2030, growing at a CAGR of 6.4% from 2021 to 2030.

Major determinants of the market growth

Increase in the global freight and passenger traffic and modernization of airports have boosted the growth of the global airport stand equipment market. However, long shelf life of airport stand equipment hinders the market growth. On the contrary, surge in focus on non-aviation-related revenue would open new opportunities for the market players in the future.

Download Report (218 Pages PDF with Insights, Charts, Tables, Figures) at

The aircraft entry segment dominated the market

By stands, the aircraft entry segment held the largest share in 2020, accounting for nearly one-fourth of the global airport stand equipment market, owing to rise in demand for airport stands equipment for several applications at the airports. However, the cabin interior segment is estimated to register the highest CAGR of 8.2% during the forecast period.

The maintenance, repair and overhaul (MRO) segment to portray the highest CAGR through 2030

By application, the maintenance, repair and overhaul (MRO) segment is projected to manifest the highest CAGR of 7.8% from 2021 to 2030, due to rise in demand for aircraft maintenance services. However, the aircraft operations segment held the largest share in 2020, accounting for more than four-fifths of the global airport stand equipment market, owing to rise in demand for airport stands equipment for different operations.

Buy Now & Get Exclusive Discount on this Report

North America held the lion's share

By region, the global airport stand equipment market across North America dominated in 2020, accounting for more than two-fifths of the market, owing to rise in R&D activities, rapid adoption of innovative technologies, and technological developments. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 8.2% during the forecast period, owing to rise in air traffic across various Asian countries including China, India, Japan, and South Korea.

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at

Major market players
Aero Specialities
Fabrication Authorities International, Inc.
Dedienne Aerospace
Hydro System KG
HHI Corporation
OEM Group Pty Ltd.
JETechnologies Solutions Inc. (JSI)
Waag Aircraft
Semmco Ltd.
Wildeck, Inc.

Check Our Related Reports :-
Submarine Market
Aerospace Bearings Market
Commercial Avionics Systems Market

David Correa
Allied Market Research
+ + + 1 800-792-5285
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

MENAFN17022025003118003196ID1109214946