Passenger Boarding Bridges Market: Current Analysis and Forecast (2021-2027)

Passenger Boarding Bridges Market: Current Analysis and Forecast (2021-2027)

Global Passenger Boarding Bridges is anticipated display a CAGR of around ~10% over the forecast period (2021-2027). Over the last few years, aviation passenger traffic has been significantly expanding over the world. This rise has been impacted by factors such as lower airfares, rising per capita disposable incomes, especially in emerging nations, and improving living standards. Global aviation traffic is expected to quadruple by 2036, according to the International Air Transport Association (IATA). The need for new airplanes has increased in response to the expanding number of passengers. During the study period, this is also likely to fuel the expansion of the passenger boarding bridges market. Increased passenger numbers, rehabilitation and upgrade of ageing facilities, expansion of current terminals, and the construction of new airports are all driving worldwide passenger boarding demand. Airport authorities are under pressure to create upgraded infrastructure, particularly sophisticated passenger boarding bridges, due to rising passenger volume and the aircraft's short turnaround time. Along with the rapidly developing aviation business, heightened worries about airport security, the implementation of e-passports, and the requirement for additional aircraft ground support infrastructure have directed investment efforts while paving the path for enhanced infrastructure expansion.

Insights Presented in the Report

“Amongst Elevation System, Hydraulic segment dominated the market in 2020”

Based on elevation system, the market is segmented into Hydraulic and Electro-mechanical System. The Hydraulic segment is expected to grow at a higher CAGR during the forecasted period. The Electro-mechanical system is expected to record the highest growth rate during the forecast period from 2020 and 2026. This is due to the increasing demand for energy-efficient and clean passenger boarding bridges by the airport authorities globally. Whereas the Hydraulic segment holds the largest share due to its wider use of hydraulic passenger boarding bridges at the number of airports.

“Amongst Type, Fixed segment dominated the market in 2020.”

Based on type, the market is segmented into Fixed and Moveable. The Fixed segment is expected to grow at a higher CAGR during the forecasted period. The majority of the regional airports adopt the fixed bridges whereas the airports with the requirement of adjustable heights refer the movable bridge.

“Amongst Product Type, Over-the-wing Bridges segment dominated the market in 2020.”

Based on product type, the market is segmented into Apron Drive, Commuter, Nose-Loader, T-bridge and Over-the-wing Bridges. The Over-the-wing Bridges segment is expected to grow at a higher CAGR during the forecasted period. Because of the development of bigger aircrafts with numerous doors and widebodies, the Over-the-Wing bridge segment is likely to hold the largest share of the market. The commuter bridge portion has been affected by the capacity to accommodate various aircraft models. T-bridges are widely used in big aircraft docking, whereas apron drives have benefited from considerable improvements. Nose-loader bridges are typically utilized in airports that experience severe weather.

“Amongst Structure, Glass Walled segment dominated the market in 2020.”

Based on structure, the market is segmented into Glass Walled and Steel Walled. The Glass Walled segment is expected to grow at a higher CAGR during the forecasted period. With the growing trend of offering passengers with a more luxurious experience, demand for glass-walled passenger boarding bridges is on the rise. The visual appeal of glass-walled jet bridges, as well as the fact that they make boarding an aircraft less glass restricting, is driving their global adoption.

“North America represents as the largest market.”

Based on the estimation, during the projection period of 2021-2027, North America dominates the market whereas Asia Pacific market is predicted to be the fastest-growing region in the coming years. The rapid expansion of the commercial aviation sector in Asia Pacific has positioned the area as one of the world's fastest growing. The continued acquisition of new aircraft, as well as the development of many new airports, are driving expenditures in airport infrastructure, creating enormous prospects for market expansion during the projection period. The continuous rising demand for passenger boarding bridges from countries such as Japan, China, Taiwan, Indonesia, South Korea, Australia, and India is adding to the growth of the market. Asia Pacific records the highest number of total passengers carried on scheduled services by registered airlines as 780.7 million passengers. Some of the major players operating in the market includes Thyssen Krupp AG, JBT Corporation, ShinMaywa Industries, Mitsubishi Heavy Industries Ltd., FMT Sweden AB, CIMC, Adelte Group, UBS Airport Systems, Hubner GMBH & CO KG, PT Bukaka Teknik Utama TBK etc.

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