Global Passenger Boarding Bridge Market Competitive Growth Strategies Based on Type, Applications, End User and Region

 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.

Get | Download Sample Copy with Graphs & List of Figures:
https://www.futuremarketinsights.com/reports/sample/rep-gb-4624

  1. The global passenger boarding bridge market size in 2018 was valued at ~US 600 Mn.
  2. The passenger boarding bridge market is anticipated to grow at a CAGR of ~6% during the forecast period of 2019-2029.
  3. 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.

  1. 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.

  1. 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.

For More Information or Query or Customization Before Buying, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-4624

Market Structure Analysis

·       The global passenger boarding bridge market is a moderately competitive market. Tier-1 players hold approximately ~80% share in the market.

·       Most of the key players sustain strategic focus on the adoption of new technologies, development of new products, and expansion of business through acquisition and merger activities in new regions and setup of the distribution network.

·       Significant investments in research and development of new and durable products by companies are expected to exploit the passenger boarding bridge market growth prospects.

·       Key players in the passenger boarding bridge market such as ShinMaywa Industries, Ltd., China International Marine Containers (Group) Company Ltd, JBT Corporation, Thyssenkrupp AG, PT Bukaka Teknik Utama Tbk, and FMT Sweden AB, are developing new products and are focusing on product innovations to sustain their positions in the market.

·       International and regional market players have a prominent marketing network of distributors. Regional and global offices across tier 1 and tier 2 cities are providing support to its customers.

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.

Developing Regions – Hotbed of Opportunities for Stakeholders 

In view of the growing lucrativeness of developing regions, such as Asia Pacific, leading players in the passenger boarding bridge market have placed their focus on securing contract for PBB supply in these countries. Asia’s proliferating commercial aviation sector has positioned the region as the largest and fastest growing market for airport infrastructure investments in the world. Several partakes have already shifted their goal coasts to Asia Pacific, and managed to obtain long-term supply contracts in the region. For instance, In September 2017, ADELTE landed in India with a contract for 12 airports, while seeking a long-term relationship to secure sales.

For any queries linked with the report, ask an analyst
https://www.futuremarketinsights.com/ask-question/rep-gb-4624

A large number of market players in the Asia Pacific are constantly investing in technology to cope up with the growing passenger expectations related to convenience and ease. For instance, in January 2018, China International Marine Containers developed the world’s first automatic intelligent boarding bridge, which is likely to go functional in the Netherlands’ Schiphol Airport by 2019-end. Furthermore, the lucrativeness of the region will remain intact in line with the upcoming Olympics and international sports events to be held in the region, which are highly likely to push the tourists flow in the region.

 

Comments

Post a Comment

Popular posts from this blog

Palletizing Robots Market – Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand And Forecast

 Palletizing robots are a kind of equipment that help in the automatic compiling of various kinds of products on a pallet. The global  palletizing robots market  is slated to touch a value of about US$ 1,500 Mn in the year 2022 and display a robust CAGR during the assessment period. Pallet wrapping functions are an important part of the packaging line workflow before the product is transported and distributed to different locations. Because of advancements in the field of robotics, more advanced forms of palletizing robots have emerged, capable of lifting heavy weights and even products from greater heights due to their long arms. In addition, hybrid palletizing robots with a simple user interface and easy operation have been developed, in addition to being cost effective and efficient to use. Such hybrid palletizing robots are capable of performing complex tasks such as handling delicate products. Palletizing robots that can operate at high speeds and deliver high qu...
Read more

Global Industrial Automation Market To Reach A Valuation Of US$ 51 Bn By 2026

  According to the  industrial automation market  analysis  by Future Market Insights (FMI), the market is poised to attain a CAGR of 7% during the forecast period 2022-2032. The industrial automation market growth can be attributed to rising demand for real-time data analysis across geographies and increased adoption of cutting-edge technology across end-use industries to improve performance. Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-14308 The significance of predictive maintenance and asset management solutions, which provide users with better visibility into their equipment condition, is accelerating the demand for industrial automation solutions. The efficient flow of information across different units in an industry allows for the most efficient conversion of raw materials to finished goods, highlighting the significance of the connected enterprise system, which au...
Read more

High Processing Equipment Market

 In its latest report, Future Market Insights (FMI) has identified few of the major trends governing the overall  market for  high pressure  processing equipment  (HPPE). In brief, rapid adoption of high pressure processing technique among premium juice manufacturers, automation and technological innovation and growing number of HPP tolling service providers are playing a major role in shaping the market trajectories currently. Hiperbaric S.A -- Most Successful Player in Recent Years According to the report, Hiperbaric S.A a prominent manufacturer of high pressure processing equipment is the current leader in the global market as the company’s hold over the North American region is substantially strong. FMI’s Insights on Growth Factors FMI indicates that the growing demand for processed, packaged and ready-to-eat food products worldwide is encouraging the use of high pressure processing equipment in food and beverage industry. Growing ...
Read more