Aerobridge Market Size
Aerobridge Market Size was more than USD 8 billion in 2020 and is anticipated to grow at a CAGR of 1.2% from 2021 to 2027.
Rising air travel worldwide will propel the market growth over the forecast period.
The growth of air travel is projected to be 4.5% every year because most emerging nations in the globe are progressing towards building airports while the developed countries are building their current airports. With the rise in passengers, domestic governments and airport authorities are laboring on upgrading and improving their airport structures, which will provide excellent experiences to the travelers. Growing per capita income in most of the emerging economies as well as the fast-expanding middle-class population is also driving the air traffic that is expected to drive the industry growth in the next few years.
Rising operational and maintenance expenses related to the aerobridges will deter the market growth in the forthcoming years. Aerobridges are advanced machinery, with numerous intricate parts that need frequent maintenance and required operating conditions that increase the expenses. Additionally, the need for expert operators as laborers to manage aerobridges is forecasted to add to the expense, which might adversely affect the market development over the forecast period.
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Aerobridge Market Report Attributes
Report Attribute Details
Base Year 2020
Aerobridge Market Size in 2020 8.45 Billion (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 1.2%
2027 Value Projection 9.3 Billion (USD)
Historical Data for 2017 to 2020
No. of Pages 250
Tables, Charts & Figures 348
Segments covered Wall structure; Elevation System; Movement; Tunnel Sections; Product Type; Region
Growth Drivers
Increasing air travel around the world
Positive trends related to airport development initiatives
Pitfalls & Challenges
High cost of aerobridges
Operational complexities related to aerobridges
What are the opportunities for growth in this market?
The glass segment of the aerobridge market will be USD 5.5 billion by 2027. Aerobridges are generally constructed using steel wall structures because of their strengths but the new design, with glass walls as they enhance the beauty of the aerobridges, is developed keeping the passengers in consideration. Glass-walled aerobridges are also becoming popular as they minimize the risk of claustrophobia and also provide stunning viewing experiences for the passengers.
The hydraulic segment is expected to surpass USD 6 billion by 2027. The hydraulic elevation systems are used in aerobridges to lower the operating costs and facilitate smooth elevation operations. This kind of a system of aerobridges should be operated and maintained well in order to avoid them from contaminating the atmosphere. This kind of system is generally used by different industry leaders since the aerobridges are easy to handle and less skill is needed to use them.
Know more about the major segments driving this market
The apron segment will take over over 65% of the market share by 2027. Apron driver drives are most commonly utilized passenger boarding bridges globally. These jet bridges are very adaptable and provide free movement in all axestelescopic, rotational, and elevation. Also, these utilize very little space. Apron driver aerobridges are utilized for all forms of airplanes like ICAO, C, D, E, F, and Airbus A380.
The market for movable segment aerobridge was over USD 7.5 billion in 2020. The movable jet bridges are typically favored by most airports because of its improved operational flexibility and superiority. The movable confriguration enables the aerobridge to retract and pull away from the aircraft safety zone on its arrival and depature. They can also be easily adjusted to various heights and are convinently utilized with various types of aircrafts.
The two-tunnel segment is expected to achieve a CAGR of 1% during 2027. This kind of tunnel provides adequate reach to the passengers and are ideal for passenger transportation in large airplanes. The two tunnels aerobridges come with varied configurations as per the requirement of the airport operators.
Read more about the leading segments influencing this market
Europe aerobridge market will surpass the demand of 3,900 units by 2027. Aerobridges have been in high demand in Europe since their introduction, particularly glass-walled aerobridges. Ongoing development of airport infrastructure along with rising government expenditure will boost the Europe market to capture a massive demand for jet bridges in the future years.
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Aerobridge Market Share
The key product manufacturers operating in the market are
- Thyssenkrupp
- JBT Corporation
- Vataple Machinery (Kunshan) Co., Ltd.
- ADELTE – The Boarding Company
- PT Bukaka Teknik Utama Tbh
- ShinMaywa Industries, Ltd.
- Airport Equipment
- Muhibbah Airline Support Industries Sdn Bhd (MASI)
- FMT Sweden AB
- and CIMC-TianDa.
The companies are constantly working on research & development activities to gain a competitive advantage by launching new products or upgrading existing products to increase operational capability and efficiency. They are also working on forming strategic partnerships and collaborations to further diversify their product portfolios and enhance their distribution networks. Various industry players are also working on expanding their business foothold and expand beyond their boundaries to support their business revenue. Also, participants are working on improving the efficiency of the product by integrating cutting-edge technologies and making the product more convenient for use.
