(I-BusinessNews.Com, November 27, 2018 )
Stratview Research announces the launch of a new research report on Passenger Boarding Bridge Market by Application Type (Airport and Seaport), by Bridge Type (Apron, Commuter, Nose Loader, T-Bridge, and Others), by Drive System (Hydraulic and Electro-Mechanical), by Structure Type (Glass Walled and Metal Walled), by Tunnel Type (2 Tunnel and 3 Tunnel), by Product Nature Type (Fixed and Moveable), by Region (NA, Europe, APAC, ROW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021.
The Passenger Boarding Bridge Market: Highlights
Passenger boarding bridges (PBB) are used to enhance passenger comfort on the way from the terminal to the plane. Additionally, it increases security by providing a controlled and a safe passage to the passengers from the boarding gate in the terminal to their seat on aircraft.
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The passenger boarding bridge market offers good growth opportunity and is likely to grow at 7.2% CAGR during the forecast period of 2016 to 2021. Increasing passenger traffic, renewal and upgradation of older equipment, extensions of existing terminals, and construction of new airports are some of the key growth drivers of the passenger boarding bridge market. Increasing passenger traffic and high turnaround time of the aircraft are putting pressure on airport agencies to develop a better infrastructure including the advanced passenger boarding bridges.
The segment is expected to experience the fastest growth in the next five years, driven by on-going and upcoming airport infrastructure projects, modernization of existing airports, and green field airport projects. Seaport PBB is expected to experience moderate growth rate for the same period.
The supply chain of this market comprises raw material suppliers, component manufacturers, PBB manufacturers, distributors, and airport authorities. The key PBB manufacturers for airport and seaport are Adelte Group, CIMC Group Ltd., John Bean Technologies Corp., MHI-TES, and Thyssen Krupp AG.
New product development, technology development in the areas of automation, structural design, energy consumption, IT, and long term contracts are the key strategies adopted by the major players to gain competitive edge in the market.
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