Airport Stands Equipment Global Market Report 2024

The global airport stands equipment market has grown strongly in recent years. It will grow from $2.21 billion in 2023 to $2.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth observed in the historical period can be attributed to factors such as the rise in air traffic, a heightened focus on improving passenger experience, the incorporation of modularity in designs, enhancements in safety features, and increased adaptability to the variability of different aircraft. These elements collectively contributed to the development and success of airport stands equipment during that timeframe.

The global airport stands equipment market is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The anticipated growth in the forecast period can be attributed to increased investment in research and development, measures aimed at enhancing safety, the provision of customized solutions, improved adaptability to diverse aircraft, and ongoing airport expansion and development projects. Major trends expected in the forecast period include the integration of airport stands equipment with airport management systems, infrastructure upgrades, automation in ground handling processes, integration of smart infrastructure technologies, remote monitoring and control capabilities, and a widespread adoption of IoT (Internet of Things) and sensors to enhance overall efficiency and effectiveness in airport operations.

The airport stands equipment market is poised for growth, driven by the surge in global freight and passenger traffic. Rising demand for air freight transportation, particularly for speedy goods movement and relieving supply chain bottlenecks, complements the uptick in air passenger traffic due to economic expansion and increasing income levels. This surge necessitates robust equipment to sustain airport operations and cater to routine aircraft maintenance, thereby spurring the demand for airport stand equipment. As per the IATA's May 2022 passenger data, global air traffic soared by 83.1% compared to May 2021, primarily led by a significant resurgence in international travel. Moreover, international traffic witnessed a staggering 325.8% growth in the same period, indicating a substantial upsurge. Hence, the burgeoning global freight and passenger traffic are expected to fuel the expansion of the airport stands equipment market.

The escalating demand for cargo charters is set to propel the airport stand equipment market further. Cargo charters, referring to infrequent cargo carriers landing at airports less than fourteen times annually without scheduled service, rely on efficient airport stand equipment for streamlined aircraft parking, boarding, and disembarkation processes. This equipment ensures seamless operations, swift turnarounds, and heightened overall airport efficacy. According to the International Air Transport Association (IATA), aviation cargo volumes surged by 18.7% in 2021, accompanied by a 13.8% increase in available cargo ton-kilometers (ACTKs) compared to 2020. Hence, the surging demand for cargo charters acts as a driving force behind the growth of the airport equipment market.

Technological advancements represent a burgeoning trend in the airport stands equipment market, as major industry players strive to craft technologically sophisticated equipment for enhanced reliability, user-friendly operations, and streamlined maintenance, consolidating their market presence. For instance, in May 2022, Dabico Airport Solutions, a Dubai-based ground support equipment manufacturer and service provider, recently unveiled an innovative raft equipped with a 400Hz power supply and integrated operational control systems. Designed to aid airlines and airport operators in bolstering passenger and employee safety, operational efficiency, and sustainability, the Dabico 400Hz-eGPU offers reduced operational costs compared to conventional diesel-powered units. Moreover, it curtails pollutants and noise levels, thereby mitigating the environmental impact and enhancing the health and well-being of airport personnel and adjacent communities.

Major players in the airport stand equipment market are placing a heightened emphasis on the introduction of advanced boarding ramps, aiming to provide more sophisticated solutions. These advanced boarding ramps represent specialized systems designed specifically for facilitating seamless boarding and disembarkation processes for aircraft passengers. As an illustration, in August 2023, Aviramp, a UK-based provider of aviation ground handling equipment, unveiled its extended line of remote stand aircraft boarding ramps and bridges under the banner of the 913 series. Developed in adherence to the fundamental safety requisites for aircraft ground support equipment outlined in the International Air Transport Association's (IATA) Airport Handling Manual (Chapter 9, Paragraph AHM 913), the 913 series incorporates various enhancements in its ancillary features, including wheelchair-friendly low-angled slopes, aiming to improve accessibility and inclusivity.

In November 2021, OEM Group Pty Ltd., an Australian supplier specializing in a diverse range of prefabricated products and innovative industrial equipment, completed the acquisition of AMS GSE Pty Ltd for an undisclosed sum. This strategic acquisition signifies OEM's strategic expansion to deliver top-tier products and services to its clientele within the global aviation ground services industry. AMS GSE Pty Ltd., based in Australia, is renowned for its expertise in manufacturing aircraft boarding access equipment and providing robust support equipment solutions.

Major companies operating in the airport stands equipment market report are Cavotec SA, John Bean Technologies Corporation, ThyssenKrupp Airport Systems Inc., ShinMaywa Industries Ltd., FMT Airport Systems, Adelte Group, Aerospace Specialties Inc., Omega Aviation Inc., TUG Technologies Corporation, Safegate Group, Dedienne Aerospace SAS, Fabrication Authorities International Inc., HHI Corporation, Hydro System KG, JETechnologies Solutions Inc., Textron Ground Support Equipment Inc., Semmco Ltd., Waag Aircraft, Wildeck Inc., Air+Mak Industries, Aviaco GSE, Charlatte America, CIMC-TianDa Airport Support Ltd., Douglas Equipment Ltd., ITW GSE, Kalmar Motor AB, LÖDIGE Industries GmbH, Mallaghan Engineering Ltd., Mulag Fahrzeugwerk Heinz Wössner GmbH u. Co. KG, Phoenix Metal Products Inc., Powervamp Ltd., Rusada Aviation Private Limited, TCR International NV, TLD Group, Tronair Inc., Vataple Group, Vestdavit AS, Vestergaard Company

Asia-Pacific was the largest region in the airport stands equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport stands equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the airport stands equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary product types of airport stand equipment include engine access, landing gear access, wheels, aircraft entry, cabin interior, and others. Engine access systems are designed with an adjustable scissor lift base, providing the necessary height for accessing various areas on the aircraft. These systems are versatile and intended for use with multiple aircraft. They encompass equipment such as passenger boarding bridges, preconditioned air units, stands entry guidance systems, and electrical ground power units with fixed and movable platforms. These tools and systems are integral to aircraft operations as well as maintenance, repair, and overhaul (MRO) processes.

This report provides airport stands equipment market statistics, including airport stands equipment industry global market size, regional shares, competitors with an airport stands equipment market share, detailed airport stands equipment market segments, market trends and opportunities, and any further data you may need to thrive in the airport stands equipment industry. This airport stands equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The airport stands equipment market consists of revenues earned by entities by providing airport stands equipment such as ramps, bridges, and access stands. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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