Portland, March 25, 2019 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, Airport stands equipment market by Airport stands equipment Market by Type (Boarding Bridges, Preconditioned Air Units (PCA), Ground Power Units, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023): Global Opportunity Analysis and Industry Forecast, 2017 - 2023. According to the report, the global airport stands equipment market is expected to reach $1.54 billion by 2023, registering a CAGR of 5.2% from 2017 to 2023.
The report provides a comprehensive analysis of the airport stands equipment market covering details on research methodology, market size and share, market dynamics, market classification, and company profiles. The report serves as a vital tool for stakeholders such as market players and investors as it helps them identify the opportunities in the field and provides them with accurate data that empowers smart decision making.
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The report offers an analysis of the market dynamics which include the growth drivers, restraints and opportunities. Continuous rise in global freight and passenger traffic, modernization of airports, and high demand for new aircraft drive the growth of the airport stands equipment market. However, long shelf life of airport stands equipment and dearth of skilled workforce restrict the growth of the industry. Conversely, rise in greenfield and brownfield airport projects as well as rise in focus on non-aviation-related revenue offer new opportunities for the growth of the market.
The report offers a broad analysis of the classification of the global airport stands equipment market. It segments the market into type and region. Based on type, the market is classified into boarding bridges, preconditioned air units (PCA), ground power units, and others. The boarding bridges dominated the market in terms of revenue through 2023. The preconditioned air units segment would grow at the fastest CAGR of 6.4% from 2017 to 2023. The report covers the market study for the regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to register the highest CAGR of 6.4% through 2023. The North American market is likely to dominate the market through 2023.
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The report also includes an analysis of the leading players operating in the airport stands equipment market. They include Aero Specialties, Inc., Airport Equipment, FMT Aircraft Gate Support Systems AB, Textron Inc., JBT Corporation, Cavotec SA, ThyssenKrupp AG, ADELTE Group S.L., HDT Global, and ShinMaywa Industries, Ltd.