The airport passenger boarding bridge market size was USD 344.29 Million in 2022 and is likely to reach USD 978.01 Million by 2031, expanding at a CAGR of 12.3% during 2023–2031. The growth of market is attributed to significant growth in air passenger traffic during the past few decades which encourages the airport passenger boarding bridge market to escalate their passenger handling capacity.
Passengers boarding bridges are considered just and extension of airport terminal and is designed in such a way that is camouflages with the environment and the terminals architecture.
Passengers safety is the primary concern in the aviation industry thus they use the boarding bridge to keep the commuters/travelers unexposed from the outside weather and noises of the airport allowing them to board seamlessly and in a comfortable manner. However, lack of training and technical glitches becomes the major aspect in compromising passengers’ safety and aircraft on the ground. Such accidents urges airline to invest more on the staff training and be more focused on passengers’ safety.
The Covid-19 pandemic affected the airport passenger boarding bridge market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Airport Passenger Boarding Bridge Market Trends, Drivers, Restraints, and Opportunities
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Rising air passenger footfall during the last decade is projected to boost the market during the forecast period.
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Rapid growth of commercial industry is the key factor in spurring the market growth in the coming years.
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Increasing investment and enhances infrastructure is expected to fuel the market during the projected period.
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Lack of skilled labor and unforeseen technical glitches possess the main challenge that can restrict the market growth during the forecast period.
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High price is involved in installation of customized, safe, and upgraded PBB (Passenger Boarding Bridge) is estimated to hinder the market growth in the coming years.
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The expansion and technological advancement in the major cities have created a lucrative opportunities for the market players.
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R&D investment and technological advancement towards the products that can fullfil the aesthetics requirements of the airport, while satisfying the safety protocols of the aviation market is projected to create immense opportunities for the market players.
Scope of Airport Passenger Boarding Bridge Market Report
The report on the global airport passenger boarding bridge market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Airport Passenger Boarding Bridge Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Moving Passenger Boarding Bridge, and Fixed Passenger Boarding Bridge), Models (Dual Boarding System, Commuter Bridge, Apron Drive Bridge, Nose Loader Bridge, T- Bridge, and Over-the-wing Bridge)
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Regional Scope
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Regions (Asia Pacific [India, China, Japan, and Rest of Asia Pacific]), North America ([Canada, United States]), Europe ([UK, France, Germany, and Rest of Europe]), Latin America ([Mexico, Brazil, and Rest of Latin America]), and Middle East & Africa ([South Africa, Saudi Arabia, United Arab Emirates, and Rest of Middle East & Africa])
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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ShinMaywa Industries, LTD; FMT Sweden AB; Mitsubishi Heavy Industries; ADELTE Group S.L.; ThyssenKrupp AG.
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Airport Passenger Boarding Bridge Market Segment Insights
Based on the types, the market is bifurcated into moving passenger boarding bridge and fixed passenger boarding bridge. The moving passenger boarding bridge segment in expected to represent a key share of the market in the coming years owing to ease of access, saves time, ensure safety of the commuters, and efforts of the airport authorities with the landing of the multiple aircrafts.
On the basis of models, the market is categorized into dual boarding system, commuter bridge, apron drive bridge, nose loader bridge, t- bridge, and over-the-wing bridge. The over-the-wing segment is anticipated to exhibit a high CAGR during the forecast period due to increasing size of the aircrafts, multiple entrances and a wide body, thus to handle such enormous aircrafts multiple PBB is required to cater a large capacity of passengers.
In the terms of regions, the market is segmented into Asia Pacific [India, China, Japan, and Rest of Asia Pacific]), North America ([Canada and United States]), Europe ([UK, France, Germany, and Rest of Europe]), Latin America ([Mexico, Brazil, and Rest of South America]), and Middle East & Africa ([South Africa, Saudi Arabia, United Arab Emirates, and Rest of Middle East & Africa]).
North America is estimated to constitute the key share of the market as it holds a large market share in terms of airport in the United States as compared to other regions. On the other hand Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to high escalation in the commercial aviation sector.
Segments
The airport passenger boarding bridge market has been differentiated on the basis of
Types
- Moving Passenger Boarding Bridge
- Fixed Passenger Boarding Bridge
Models
- Dual Boarding System
- Commuter Bridge
- Apron Drive Bridge
- Nose Loader Bridge
- T- Bridge
- Over-the-wing Bridge
Regions
- Asia Pacific
- India
- China
- Japan
- Rest of Asia Pacific
- North America
- Europe
- UK
- France
- Germany
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle east & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the airport passenger boarding bridge market include ShinMaywa Industries, LTD; FMT Sweden AB; Mitsubishi Heavy Industries; ADELTE Group S.L.; and ThyssenKrupp AG. Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
- In March 2021, Seville becomes the first airport to install autonomous and fully remote operable PBB’s f designed and innovated by ADELTE Group S.L.
- In June 2021, ShinMaywa Industries, LTD completed the construction of the first ever automated car parking system showroom in Thailand.
- In June 2021, Yamaha motors and ShinMaywa Industries, LTD agreed in a joint research contract for next-gen small aircraft.
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