Future Market Insights (FMI), in its latest study, underlines the growth trail of passenger boarding bridge market for the foreseeable period 2019-2029. According to the report, passenger boarding bridge market witnessed sales of 1,549 units in 2018, equaling revenues worth ~US$ 600Mn. As innovation makes notable inroads in the aviation industry, manufacturers of passenger boarding bridge are under high-press to develop technologically-advanced and convenience-centric offerings.
Strong outlook of the global airport infrastructure construction, coupled with the escalating convenience expectations of passengers, is shaping the dynamics of the passenger boarding bridge market.
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Passenger Boarding Bridge Market – Key Research Findings
- The global passenger boarding bridge market size in 2018 was valued at ~US 600 Mn.
- The passenger boarding bridge market is anticipated to grow at a CAGR of ~6% during the forecast period of 2019-2029.
- The mobile telescopic bridges segment is expected to remain as the most preferred product type segment in the passenger boarding bridge market.
- The growth of this particular segment can be primarily attributed to the global growth of the passenger boarding bridge market.
- Collectively, Europe and North America are likely to account for more than half of the revenue shares in the passenger boarding bridge industry by the end of 2029.
- The East Asia market will continue to be a significant market for passenger boarding bridge manufacturers and distributors, owing to the increasing production and demand for boarding bridges in aeroplane.
- The hydraulic system segment is likely to continue as the prominent drive system, which creates significant growth opportunities for passenger boarding bridge market players.
- The aerospace industry has witnessed significant growth over the recent past. The increasing disposable income of the higher and middle class population increases the demand for better services in the aerospace industry, which in turn, is expected to propel the demand for passenger boarding bridge.
- Noteworthy application potential of passenger boarding bridges has been identified to enhance the safety of passengers.
Market players have been strategically devising approaches and investing in developing a differentiated passenger experience, to win the price war and appeal a wide pool of end-users. As automation of operational processes becomes an increasingly commonplace in the airports, it is highly likely for the market to witness substantial optimistic waves of change in the manufacturing of jet bridges.
As per the study, mobile telescopic bridges are witnessing increased traction from airlines, which led to sales of ~1,500 units in 2018, owing to their high flexibility and advanced features. An increasing number of companies have shifted their preference to mobile telescopic bridges over T-bridges, as the former can accommodate a wide range of aircrafts, while allowing easy installation as per various apron configurations.
The study opines that as airports are increasingly shifting their objective towards providing a luxury experience to passengers, the demand for glass walled passenger boarding bridges has grown significantly. The aesthetic aspect of glass-walled passenger boarding bridges, which lies in the fact that these bridges make the experience of boarding the aircraft less confining has been pushing their adoption across an increased number of airports. As per the study, glass walled passenger boarding bridges accounted for ~65% market volume share in 2018.
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Key Segment:
By Product Type
- Telescopic Bridges
- T-Bridges
By Structure
- Steel-walled
- Glass-Walled
By Type
- Fixed
- Movable
By Drive System
- Hydraulic System
- Electro-mechanical system
By Region
- North America
- Latin America
- Europe
- South Asia &Pacific
- East Asia
- Middle East & Africa
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