Passenger Boarding Bridge market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 389.2 million in 2020. Over the next five years the Passenger Boarding Bridge market will register a 2.9% CAGR in terms of revenue, the global market size will reach US$ 436.5 million by 2026. A passenger boarding bridge is generally used at airports and ports as a movable connector, which usually extends from the airport terminal gate to the aeroplane and from the port to the ship without going outside. It is flexible and can be change according to operational requirement, such as airport terminal building design and its height, among others. Passenger boarding bridges provide easy and comfortable access to the aircraft and help enhance the security of terminal operations in all weather conditions.
Modern commercial aircraft entrances are usually 4 meters or more above the ground and the passengers include families with children, elderly and unwell passengers and it is hard for them to board the aircraft even with stairs, so the passenger boarding bridge is a better alternative at this place. These bridges consist of two to three bodies, which include a glass or steel tunnel, a hydraulic or electromechanical elevation system and a flexible telescope extension, which can be increased or decreased according to requirement. They can be used for all commercial aircraft, from small to big aircraft, such as an A380.
Increase in passenger traffic on seaport and airport agencies over the past few years has been a major driving factor for the development of better and efficient infrastructure and boarding facilities, including passenger boarding bridges. Also, high turnaround time of aircraft is putting immense pressure on airport agencies to update their facilities with better and effective solutions to reduce time lag and operational costs as well as add comfort to enhance passenger satisfaction. Another factor driving the passenger boarding bridge market is government initiatives directed towards modernization of airport complexes and facilities.
The high cost of passenger boarding bridges is a major restraint to this market. Also, it has limited usability in small airports, which restricts market growth to a certain extent. However, government initiatives pertaining to establishment of new airports to connect cities with air routes and increasing investments for the modernization of airports can be prospective opportunities for this market.
Top Key players in the Passenger Boarding Bridge Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Passenger Boarding Bridge Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes JBT Aerotech, ThyssenKrupp Access Solutions, Hyundai Rotem, MHI, FMT, ADELTE, CEL, ShinMaywa, CIMC, Vataple and others.
Global Passenger Boarding Bridge Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Passenger Boarding Bridge Market is segmented based on the type, applications, companies and regions.
By Type, Passenger Boarding Bridge Market has been segmented into
The end user’s industry application on Passenger Boarding Bridge Market is,
The report offers in-depth assessment of the growth and other aspects of the Passenger Boarding Bridge Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Passenger Boarding Bridge Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Passenger Boarding Bridge Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Passenger Boarding Bridge Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.