Report Id: SNS/A&D/1672 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Passenger Boarding Bridges Market Size was valued at USD 350.57 million in 2022, expected to reach USD 899.49 million by 2030, and grow at a CAGR of 12.5% over the forecast period 2023-2030.
Passenger boarding bridges have been a typical fixture at international airports for decades. An air, jet, or sky bridge is another name for a passenger airport boarding bridge. Because passengers are not exposed to the airport's weather and noise, boarding corridors are designed to transport passengers/passengers comfortably and safely to planes. Because the passenger boarding bridges are an extension of the airport's terminal, they are intimately linked to the terminal's mood and design. It also improves safety by giving passengers with a protected and safe passage from the terminal's embarkation port to their seats on flights.
Increased passenger traffic, renovation and upgrading of ageing facilities, expansion of current terminals, and the construction of new airports drive worldwide passenger boarding demand. Growing passenger volume and the aircraft's quick turnaround time put airports under pressure to create better infrastructure, such as upgraded passenger boarding bridges. Increasing worries about airport security, e-passport implementation, and the need for more aircraft ground support infrastructure, together with a fast developing aviation business, have driven investment efforts while opening the path for improved infrastructure expansion. Nonetheless, accidents have occurred that have jeopardized passenger and aircraft safety due to insufficient training or operational flaws in the sensors deployed on passenger boarding bridges. It has caused damage to both aircraft and airport infrastructure, as well as passenger disruption. Passenger services and raised safety concerns.
High demand for large aircraft
Despite growing fuel costs and economic slowdowns, aviation passenger travel has increased by 5% on average.
Passenger boarding bridges have a long life cycle.
The time it takes to order, procure, and install a PBB is also a constraint.
Partnerships between the public and commercial sectors for air-side operations
The public-private partnership (PPP) concept has proven an innovative way of financing larger infrastructure projects with the participation of key stakeholders.
High training costs and a scarcity of trained workers
Most airlines priorities lowering operating costs like as parking fees, ground support equipment fees, and training aero-bridge operators, which incurs an additional cost for them.
THE IMPACT OF COVID-19
Companies are facing production disruptions and declining demand for commercial airlines as workers return home, passengers stop flying and consumers delay the delivery of new aircraft. Demand for replacement parts is also being reduced as minor repairs are currently required.
Aircraft manufacturers by definition need big money, creating short-term cash flows and financial problems. MRO services are primarily needed for the size and operations of international aviation aircraft, but with a variety of short-term influences. Requirements for all long-term flight / flight hour service will disappear once the flight is suspended. Given current fuel levels, we need to believe that heavier aircraft will slow down planned flight transfers especially as older, more fuel-efficient aircraft will continue to save. Although many organizations now have business continuity plans, the dynamic and unpredictable causes of an outbreak of a disease like COVID-19 cannot be fully addressed. Although air travel has gradually improved over the past problems, there has been much debate on ways to reverse the current crisis.
by use of Electro-Mechanical During the forecast period of 2022 to 2028, the category is predicted to increase at the fastest rate. This is owing to airport authorities throughout the world increasing their demand for energy-efficient and clean passenger boarding bridges. Hydraulic passenger boarding bridges are widely used at a number of airports. Bridges for Commuters During the forecast period, the segment is expected to have the greatest CAGR. This is owing to the convenience provided by commuter bridges in connecting to aircraft. Apron Drive was the sector with the highest market share in 2022. This is owing to the widespread use of apron drive for various types of aircraft, which is driving market growth. The T-bridge The segment held the biggest market share in 2022 and is predicted to develop at a rapid pace during the forecast period. The widespread use of T-bridges for wide-body aircraft is propelling this segment's growth. Because of the development in larger aircrafts with wide-body and many doors, the over-the-wing bridge sector is predicted to grow at the fastest rate by product type. The number of larger aircrafts has steadily increased in recent years; larger aircrafts have two decks and hence require additional PBBs to accommodate increased passenger capacity. This increase in larger aircrafts is likely to increase demand for over-the-wing bridge passenger boarding bridges.
Currently, the Asia Pacific and Latin America are leading the total project figure as the projects considered above include airport infrastructure development such as aviation projects and terminals, among others. The PPP model has become a new way of financing major infrastructure projects with the involvement of major stakeholders, such as producers/builders and end-users as passengers pass through airports. The initial investment of government and builders is then repaid over time at public expense. Private airports are more focused on closing the gap between customer needs and service delivery. The PPP model has been successful in bringing better information to customers, including the use of equipment such as PBBs. To enhance commercial and passenger service services, PPP airports include PBBs, most of which are expected to install PBBs with glass walls to meet both, passenger satisfaction and green aircraft requirements.In the growing aviation business, technological innovation and automation are setting new standards for passenger boarding bridge manufacturers. Airports can assist overcome groundwork shortages if highly advanced technology bridges do not require highly qualified operators, hence innovation and automation are quickly becoming essential parts of the aviation business. As airports continue to face staff shortages and significant worker attrition, the focus has shifted to the testing and deployment of an automated docking system outfitted with Artificial Intelligence passenger bridges. Expanding airports with high passenger traffic in major cities have enabled manufacturers to produce and sell advanced PBBs.
MARKET KEY PLAYER
Ameribridge, Inc., Adelte Group, CIMC Group Ltd., John Bean Technologies Corp., Thyssen Krupp AG, UBS Airport Systems, Vataple Group Ltd, Mitsubishi Heavy Industries, ShinMaywa Industries Ltd, FMT Sweden AB, and other players.
By Docking Type
By Elevation System
By Tunnel Type
By Product Type
During the projected period, North America is expected to lead the passenger boarding bridges market. This is primarily due to the mature airport market in the United States. According to the Federal Aviation Administration (FAA), passenger traffic will exceed one billion in the next 20 years. To remain economically competitive in the market, North America relies primarily on R&D of its infrastructure, especially PBBs.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 350.57 Million|
|Market Size by 2030||US$ 899.49 Million|
|CAGR||CAGR of 12.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Docking Type (Manual, Intelligent)
• By Foundation(Fixed, Movable)
• By Elevation System (Hydraulic, Electro-mechanical)
• By Tunnel Type (Air-conditioned, UN-air-conditioned)
• By Product Type (Apron Drive, Commuter Bridges, Nose-loader bridges, T-bridges, Over-the-wing Bridges)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Ameribridge, Inc., Adelte Group, CIMC Group Ltd., John Bean Technologies Corp., Thyssen Krupp AG, UBS Airport Systems, Vataple Group Ltd, Mitsubishi Heavy Industries, ShinMaywa Industries Ltd, FMT Sweden AB, and other players.|
|DRIVERS||• High demand for large aircraft
• Despite growing fuel costs and economic slowdowns, aviation passenger travel has increased by 5% on average.
|RESTRAINTS||• Passenger boarding bridges have a long life cycle.
• The time it takes to order, procure, and install a PBB is also a constraint.
Frequently Asked Questions (FAQ) :
According to SNS insiders, the Global Passenger Boarding Bridges Market size was USD 311.62 million in 2021 and is expected to reach USD 710.72 million by 2028 with a CAGR of 12.5% over the forecasted period.
North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America.
Are the major five region covered in this report.
The public-private partnership concept has proven an innovative way of financing larger infrastructure projects with the participation of key stakeholders.
High training costs and a scarcity of trained workers and Most airlines priorities lowering operating costs like as parking fees, ground support equipment fees, and training aero-bridge operators, which incurs an additional cost for them.
Passenger boarding bridges have a long life cycle and The time it takes to order, procure, and install a PBB is also a constraint.
Table of Content:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Passenger Boarding Bridges Market, By Docking Type
9.Passenger Boarding Bridges Market, By Foundation
10.Passenger Boarding Bridges Market, By Elevation System
11.Passenger Boarding Bridges Market, By Tunnel Type
12.Passenger Boarding Bridges Market, By Product Type
12.1 Apron Drive
12.2 Commuter Bridges
12.3 Nose-loader bridges
12.5 Over-the-wing Bridges
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14 Company Profiles
14.1 Ameribridge, Inc.
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Adelte Group
14.3 CIMC Group Ltd.
14.4 John Bean Technologies Corp.
14.5 Thyssen Krupp AG
14.6 UBS Airport Systems
14.7 Vataple Group Ltd
14.8 Mitsubishi Heavy Industries
14.9 ShinMaywa Industries Ltd
14.10 FMT Sweden AB.
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
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