Aerobridge Market Size worth over $8.5bn by 2025
Published Date: January 20, 2020 Authors: Kiran Pulidindi, Soumalya Chakraborty
Aerobridge Market size is predicted to cross USD 8.5 billion by 2025; according to a new research report by Global Market Insights, Inc.
Aerobridge or jet bridge is an enclosed walkway extending from airport terminal to an aircraft. It enables clean and comfortable movement of passengers. It eliminates the potential security risks associated with passenger access to the ramp. In addition, the product offers safety to the passengers from various safety risks present on ramp area such as extreme temperature & weather conditions, vehicle traffic, prop wash, jet blast, moving aircraft, etc.
Airport construction projects will drive the product sales
Ongoing & future airport construction projects and related infrastructure development will trigger the product sales in near future. Many countries are investing huge amounts of money for airport projects to accommodate traffic growth and provision of excellent customer service. Rising air travel will generate the need of proper airport and related infrastructure across the globe. This in turn will spur the aerobridge market growth as the product add significant value to the airport infrastructure by providing satisfactory experience to travelers.
High maintenance costs may affect the aerobridge market demand in future
Jet bridges are composed of various complex components, which require special care and maintenance throughout their life cycle. Lack of maintenance may lead to accidents endangering safety of the passengers and airport staff members. There have been numerous mishaps recorded all over the world due to lack of proper maintenance. For instance, aerobridges have collapsed at airports in Seattle, Denver, Los Angeles, etc. Periodic maintenance of these structures is necessary to detect any loose cables, broken wheels, hydraulic leaks, cracked glass, etc. and to minimize potential accident risks. However, maintenance costs are high which may negatively influence the market growth.
Browse key industry insights spread across 220 pages with 330 market data tables & 18 figures & charts from the report, “Aerobridge Market Size By Wall Structure (Steel, Glass), By Elevation System (Hydraulic, Electromechanical), By Movement (Fixed, Movable), By Tunnel Sections (Two, Three), By Product Type (Apron Drive, Noseloader, T-Bridge, Commuter Bridge), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Indonesia, Pakistan, Australia, Thailand, Brazil, Mexico, Egypt, Iran, UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
Glass wall product segment will capture more than half of total volume share by 2025, continuing its strong growth in the aerobridge market. The main reason behind the strong growth of these types of aerobridges is their ability to offer unique flying experience for the passengers. However, these pose various challenges such as high costs as compared to steel walled aerobridges and requirement of larger foundations for support. Despite these challenges, passengers and airport authorities tend to incline more towards glass walled aerobridges due to aesthetic appeal.
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Hydraulic elevation system employed in product minimizes the operating costs and facilitates smooth elevation operations. This segment will cross USD 6 billion by 2025. Fixed segment will hold comparatively lesser market share than movable segment due to their limited scope of applications. Fixed segment will account for over 10% of volume share by 2025. Depending on installation requirements, fixed aerobridges includes fixed platform connected to the terminal building. In case of fixed jet bridges, height may or may not be adjustable.
Three tunnels segment will cross USD 2.5 billion till the end of forecast period. Three tunnel aerobridges are mostly used in large airports having additional apron space. Commuter bridge segment will cross 950 units by 2025, these are used at small airports having ground floor terminal arrangement.
North America displays steady growth in aerobridge market within the forecast period
North America has the largest number of airports in the world, driven by the U.S. The airport authorities in the country are trying to build and redevelop the infrastructures in order to meet the growing capacity demands. In 2017, more than 1.5 billion passengers traveled through the U.S. airports and number of passengers is going to rise at record pace in near future. However, many airports in the U.S. are overcrowded due to lack of proper infrastructure. Hence, the country is rebuilding its aviation infrastructure to improve the travelling experience for passengers. Favorable trends associated with airport infrastructure development will catapult the product demand during the forecast time span.
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