Airport Passenger Boarding Bridges Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Airport Passenger Boarding Bridges Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The airport passenger boarding bridges market is anticipated to register a CAGR of over 5% during the forecast period, 2020 - 2025.

Key Highlights

• Rapid growth in air passenger traffic during the past decade has encouraged the creation of new routes for airlines, which has necessitated the construction of new airports. Construction of mega airport projects, such as Dubai's Al Maktoum Airport, is underway and scheduled for completion during the forecast period. These airports are so designed to support heavy passenger movement by allowing for multiple simultaneous aircraft takeoff and landing. Several passenger boarding bridges would be installed, to initiate the movement of the passengers between the aircraft and the airport terminal, driving the business prospects of the market players during the forecast period. Thus, the enhanced investments in airport infrastructure are anticipated to drive the growth of the airport passenger boarding bridges market.
• Passenger safety is a primary concern for the aviation authorities. However, due to inadequate training or operational glitches of the sensors installed on the passenger boarding bridges, there have been some incidents that have compromised the safety of passengers and the aircraft on ground. These accidents have primarily been confined to the gate and apron area. They have resulted in damaging both the aircraft and the airport infrastructure, while disrupting passenger services and raising safety concerns. Accidents caused by passenger boarding bridges are urging airlines to invest in other safety measures.
• Asia's rapid growth in the commercial aviation sector has positioned the region as one of the fastest-growing in the world. The ongoing procurement of new aircraft and the construction of several new airports are urging investments towards airport infrastructure, providing huge opportunities for the growth of the market during the forecast period.

Key Market TrendsConstruction of New Airports and Ongoing Airport Modernization Programs Driving Scope of Installation of Passenger Boarding Bridges

The significant growth in air passenger traffic during the past decade has forced several airports to augment their passenger handling capacities. This has led to several countries investing in new airports and expansion of the existing terminals. Passenger boarding bridges are designed to lead travelers/passengers to and fro the aircraft in a comfortable and safe manner as passengers are not exposed to the weather and noise of the airport. Since the passenger boarding bridges are an extension of the airport terminal itself, they are designed to blend in perfectly with the environment and the architecture of the terminal. The expansion of airports in major cities with huge passenger traffic has created opportunities for the manufacturers to introduce and offer their advanced automated PBBs.

Countries, like India, the United States, China, Philippines, Australia, and the United Kingdom, have initiated several airport projects that are scheduled for completion during the forecast period. For instance, in August 2018, Memphis-Shelby County Airport Authority Board of Commissioners approved the selection of Flintco LLC as the primary contractor for Memphis International Airport’s B Concourse modernization construction and redesign project. The total contract is worth USD 122.58 million. The board also approved a contract with Aero Bridgeworks for new jet bridges that will be a part of the modernization project. The project is expected to be completed in early 2021. Several such projects are underway globally, and several more are expected to be initiated during the forecast period, thereby driving the market prospects of the active market players.

Asia-Pacific Region to Grow with a High Growth Rate During the Forecast Period

As of 2019, the North American region has the highest market share due to a large number of airports in the United States. However, Asia’s rapid growth in the commercial aviation sector has positioned the region as the largest and fastest-growing in the world. The growth in Asia-Pacific is anticipated to remain resilient, and the region is expected to register the highest growth rate during the forecast period. Several domestic and international airline operators are planning to initiate their services between popular destination pairs in the Asia-Pacific region, fostering the necessity to modernize the existing airport infrastructure. Moreover, Chinese manufacturers of passenger boarding bridges have been investing significantly toward R&D, to develop products to fulfill the aesthetic requirement of airports, while adhering to the safety requirements of the aviation agencies. Such developments are envisioned to create a favorable market environment and facilitate the growth of the passenger boarding bridges market in Asia-Pacific during the forecast period.

Competitive Landscape

The passenger boarding bridges market is consolidated in nature, and leading market players are thyssenkrupp AG, Mitsubishi Heavy Industries, Ltd., ShinMaywa Industries Ltd, ADELTE Group SL, and FMT Sweden AB, among others. The countries in Asia-Pacific and the Middle-East represent almost 50% of the global future airport infrastructure improvement and development programs and offer lucrative growth opportunities for the market players. Passenger boarding bridge manufacturers are currently looking at these regions to expand their clientele. Strategic acquisitions and partnerships, along with the establishment of manufacturing and production facilities locally, can be helpful for players to establish a foothold in the local and regional markets.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.