Growing prominence of air travel owing to its offered benefits like faster travel and greater convenience should majorly propel global aerobridge market share through the forecast period. The market has emerged to be among the most lucrative verticals in recent years and is slated to show heavy growth trends in the coming years.
Global aviation market is witnessing an upsurge growth lately with major airline firms increasing their focus towards improving passenger comfort. In addition, people in emerging economies with higher disposable incomes as well as increasingly changing lifestyles have increased the adoption of air travel for business as well as traveling. These trends to foster the demand for aerobridges.
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Moreover, new technologies and increasing urbanization are making air travel accessible for everyone. As per IATA (International Air Transport Association) estimates, passenger numbers will increase up to 8.2 billion by 2037. Impressive growth prospects are further encouraging nations to modernize airport infrastructure in order to attract more passengers.
Such positive outlook of global aviation industry will propel jet bridge or aerobridge market demand over the coming years. In terms of revenue, worldwide market size is forecast to cross the USD 8.5 billion mark by 2025.
However, financial viability is a major concern which may negatively impact the growth of the industry. Due to requirement of significant capital investment, most of the regional airports refrain from maintaining jet bridges or installing new ones. Moreover, small airlines prefer ferry buses and step ladders due to the inherent advantages provide by them, such as better on-time performance and shorter turnaround time. It also aids airlines to keep the ticket fares as low as possible.
The aerobridge market is segmented on the basis of elevation system, wall structure, movement and tunnel sections.
Wall structure-wise, steel walled jet bridges segment is likely to accumulate gains over USD 3.5 billion by 2025. These jet bridges are majorly used by advertising agencies for airline brand promotions. Steel walled jet bridges act as an important element of outdoor advertising and provide opportunity to efficiently convey brand message to thousands of passengers every day. However, glass walled aerobridges are likely to witness heavy demand over their counterpart due to their aesthetic appeal.
Elaborating on the product landscape, noseloader jet bridges segment is touted to cross 1,500 units over the forecast timeline. In noseloader aerobridges, the tunnel moves around both horizontal and vertical axes.
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Speaking of the geographical landscape, Europe is expected to hold a major share in aerobridge market over the coming years due to the initiation of new airport construction projects in the region. Also, Asia Pacific possesses major opportunities for industry growth owing to rising incomes, air passenger traffic, and proposed airport and associated infrastructure development projects.
Aerobridge market is highly consolidated with very few product manufacturers contributing towards the market growth. Some of the key product manufacturers are ADELTE – the Boarding Company, CIMC-TianDa, PT Bukaka Teknsik Utama Tbk, Thyssenkrupp, FMT Sweden AB, JBT Corporation and ShinMaywa Industries, Ltd. These manufacturers are pursuing innovation, product expertise, and technological progressions to provide high quality jet bridges to customers. They have adopted an integrated approach to meet product & service demand of their customers. These strategies are poised to aid manufacturers to gain a competitive edge in the market and achieve profitability.
Major Key Points from Table of Content:
Chapter 4. Aerobridge Market, By Wall Structure
4.1. Global market wall structure insights
4.2.1. Market estimates and forecast, 2016 - 2025
4.2.2. Market estimates and forecast, by region, 2016 - 2025
4.3.1. Market estimates and forecast, 2016 - 2025
4.3.2. Market estimates and forecast, by region, 2016 - 2025
Chapter 5. Aerobridge Market, By Elevation System
5.1. Global market elevation system insights
5.2.1. Market estimates and forecast, 2016 - 2025
5.2.2. Market estimates and forecast, by region, 2016 - 2025
5.3.1. Market estimates and forecast, 2016 – 2025
5.3.2. Market estimates and forecast, by region, 2016 - 2025
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