Passenger Stairs Market By Type (Self-Propelled, Towable), By Application (Military, Airport, Construction), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Passenger Stairs Market Outlook
The global passenger stairs market size was valued at USD 298.6 Million in 2019 and is projected to reach USD 386.0 Million by 2027, expanding at a CAGR of 3.3% during the forecast period.
In terms of volume, the market is projected to expand at 1.5% during the forecast period. Passenger stairs are a set of steps that provide passengers a traverse between doors and the ground. These stairs are safe, stable and efficient for the long run. The urban population across the globe require passenger stairs as they are mostly involved in the transportation to commute from one city to another.
Some of the airlines use passenger stairs to reduce cost and turnaround time. The passenger stairs have smooth adjustment of the platform height and are available in the models with open and closed staircase. The passenger stair assembly is generally mounted on a self-propelled chassis with automatic transmission and diesel engine. The advent of newer technologies such as electric and hydraulic circuits in passenger stairs has increased its adoption across developed countries.
Passenger Stairs Market Dynamics
The increasing number of airports and airlines across the world as well as growing passenger journeys are some of the factors driving the growth of passenger stairs market. For instance, according to a recent data published by the World Air Transport Statistics, in 2018, China recorded around 4 billion origin-destination (O-D) passenger journeys. Thus, this is expected to increase the demand for passenger stairs in the long run.
Moreover, rise in globalization is increasing air travel, which, in turn is steadily propelling the demand for passenger stairs. Furthermore, the emergence of new and technologically advanced passenger stairs is expected to provide significant growth opportunity to the market.
Conversely, factors such as presence of alternate travelling options and requirement of high investment for airline companies are the potential impediments for the passenger stairs market growth. Additionally, regular repair and maintenance required for this equipment increases operational costs, which is ultimately inhibiting the market growth.
Passenger Stairs Market Segment Insights
Based on types, the global passenger stairs market has been categorized into self-propelled and towable passenger stairs. The towable passenger stairs segment is anticipated to witness substantial growth during the forecast period.
The types segment of the global passenger stairs market is segmented according to the functional needs of the equipment, whether they run on an electricity/gasoline/diesel engine or they can be hand towed or drove. In terms of volume, the self-propelled segment is projected to account for a dominant share of the market, as these stairs are used to promote smooth aircraft services.
In terms of application, the passenger stairs market has been segmented into military, airport, construction, and others. The airport segment is estimated to expand at a highest CAGR during the forecast period due to the large demand for these stairs from airline companies.
The demand for these stairs is projected to increase in the military segment due to the rise in the use of several aircraft and naval ships to increase military strength. The demand for airports in Western Europe, Asia Pacific, and North America is high owing to the increase in expansions and rise in the number of airports.
Regional Analysis
In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe held a market share of around 30.8% in 2019 and is anticipated to expand at lucrative growth rate during the forecast period.
The high market share is attributed to the factors such as strong presence of market players and rising transportation of the global population in Europe. Moreover, Asia Pacific is expected to grow at highest CAGR from 2020 to 2027 as aviation sector facilitates a substantial amount of tourism in this region.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Passenger Stairs Market
- Historical, Current and Projected Market Size in terms of Value and Volume (Units)
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Passenger Stairs Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Stairs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Passenger Stairs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Stairs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Passenger Stairs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Passenger Stairs Market Size & Forecast, 2017-2027
4.5.1 Passenger Stairs Market Size and Y-o-Y Growth
4.5.2 Passenger Stairs Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, By Type, 2017-2027
Chapter 5 Global Passenger Stairs Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Passenger Stairs Market Size & Volume Forecast By Type
5.2.1 Self Propelled
5.2.2 Towable
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Passenger Stairs Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Passenger Stairs Market Size & Volume Forecast By Application
6.2.1 Military
6.2.2 Airport
6.2.3 Construction
6.2.4 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Passenger Stairs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Passenger Stairs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Passenger Stairs Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Stairs Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Passenger Stairs Market Size & Volume Forecast By Type
9.6.1 Self Propelled
9.6.2 Towable
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Passenger Stairs Market Size & Volume Forecast By Application
9.10.1 Military
9.10.2 Airport
9.10.3 Construction
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Passenger Stairs Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Stairs Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Passenger Stairs Market Size & Volume Forecast By Type
10.6.1 Self Propelled
10.6.2 Towable
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Passenger Stairs Market Size & Volume Forecast By Application
10.10.1 Military
10.10.2 Airport
10.10.3 Construction
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Passenger Stairs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Stairs Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Passenger Stairs Market Size & Volume Forecast By Type
11.6.1 Self Propelled
11.6.2 Towable
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Passenger Stairs Market Size & Volume Forecast By Application
11.10.1 Military
11.10.2 Airport
11.10.3 Construction
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Passenger Stairs Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Stairs Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Passenger Stairs Market Size & Volume Forecast By Type
12.6.1 Self Propelled
12.6.2 Towable
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America Passenger Stairs Market Size & Volume Forecast By Application
12.10.1 Military
12.10.2 Airport
12.10.3 Construction
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Passenger Stairs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Stairs Market Size Forecast by Country
13.2.1 GCC
13.2.2 South Africa
13.2.3 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Passenger Stairs Market Size & Volume Forecast By Type
13.6.1 Self Propelled
13.6.2 Towable
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Passenger Stairs Market Size & Volume Forecast By Application
13.10.1 Military
13.10.2 Airport
13.10.3 Construction
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Passenger Stairs Market: Competitive Dashboard
14.2 Global Passenger Stairs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JBT
14.3.2 Guangtai
14.3.3 TLD (Alvest Group)
14.3.4 Mallaghan
14.3.5 Rosenbauer International AG.
14.3.6 SINFONIA TECHNOLOGY CO., LTD.
14.3.7 TIPS d.o.o
14.3.8 NMC-Wollard Inc
14.3.9 BlissFox (Panus Assembly Co. Ltd.)
14.3.10 Fast Global Solutions
14.3.11 Nandan GSE Pvt. Ltd
14.3.12 Sovam
14.3.13 Ersel Technology
14.3.14 KCIGSE
14.3.15 Clyde Machines, Inc
14.3.16 ANGELO BOMBELLI COSTRUZIONI METALLICHE SRL
14.3.17 Equipos Industriales de Manutener SA (EINSA)
14.3.18 Excel Group of Companies
14.3.19 FRANKE-AeroTec GmbH
14.3.20 Kruckeberg Industries, Inc. and Stinar Corp
14.3.21 LAS-1
14.3.22 TBD Owen Holland Ltd
14.3.23 DENGE - Ground Support Equipment Manufacturer (GSE)
14.3.24 ZODIAC EQUIPMENT spol. s r.o.
14.3.25 Jiangsu Tianyi Airport Special Equipment Co., Ltd
14.3.26 Darmec Technologies S.r.l.
14.3.27 MP Industries, INC
14.3.28 Rucker