The GMI Research forecasts that the Passenger Boarding Bridges Market is witnessing an upsurge in demand over the forecast period. This is mainly due to intensifying government support for development of airports, amplifying expenditure airside infrastructure by airport operators and constant investment by major market players.
Introduction of the Passenger Boarding Bridges Market
Passenger Boarding Bridge (PBB) is an enclosed and elevated passageway which stretches from an airport terminal gate to an airplane. It is mainly used to offer a fast, effective, and safe way for the passenger to move while boarding. It is also used at seaport for loading and unloading the containers from sea to vessel.
Key Players of the Global Passenger Boarding Bridges Market:
- UACJ Corporation
- Elvalhalcor Hellenic Copper and Aluminium Industry S.A.
- Aluminum Corporation Of China
- Hindalco Industries Limited
- Novelis Inc.
- Norsk Hydro ASA
- Alcoa Corporation
Passenger Boarding Bridges Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The global passenger boarding bridge market is mainly driven by mounting number of brownfield and greenfield airports, augmenting investment by government for the establishment of new airports and the expanding air travel along with the rise in tourism. Also, these boarding bridges help to cautiously and effectively board the passengers from airport to flight. In accordance with the the Air transport Action Group Organization Report, more than 4.5 Billion air passengers travelled through different airlines globally, which resulted in enormous demand to the passenger to the airplane from the airport and vice versa. But address the rising passenger traffic at airports, airlines have proposed to establish and procure these passenger boarding bridges to reside more passengers on board in single trips.
Furthermore, the increasing investment by leading market players and the government bodies in novel airports to enhance air travels effectuated by organizing greenfield projects to expand the aerospace will further stimulate the passenger boarding bridge market size. For example, The Indian Airports Authority, in 2018, introduced a greenfield airport project at Hollongi, Arunachal Pradesh, India, established by India’s Union Ministry of Development of North Eastern Region. The project is likely to be accomplished by 2022.
Passenger Boarding Bridges Market
Additionally, the accelerating trade activities from Asia-Pacific to developed nations and the growing programmes by government have proliferated the market size. Miami-Dade County, Florida, in 2020, is publicizing an Adelte Seaport Hydra MS2 maritime passenger boarding bridge through the government reserve auction site on GovDeals.com. Miami-Dade County, FL is a seller of GovDeals of passenger boarding bridges and an extensive range of transportation, heavy equipment and other surplus property items.
As per the passenger boarding bridge market research, the extended life of aerobridge needs huge capital investment which is difficult to obtain for low-cost airlines because of their excessive operational expenditure, thereby restricting the market growth. So, the widespread and sudden outbreak of the coronavirus pandemic has temporarily terminated the construction activities owing to the travel regulation imposed by various countries. Also, the curtailments in air passengers have persuaded investors postpone the embellishment activities.
Passenger Boarding Bridges Market Segmentation:
Segmentation by Bridge Type
- Over-The-Wing Bridge
Segmentation by Elevation System
Segmentation by Foundation
Segmentation by Application
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. we collect relevant information about the industry using both internal and external databases.
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