Aerobridge Market is Likely to Witness huge Growth over 2020 – 2025

Global Aerobridge Market size is forecast to cross the USD 8.5 billion mark by 2025, projects Global Market Insights, Inc., in its comprehensive study.Expanding global air passenger base along with heightened investments towards the modernization of airport infrastructures is likely to drive global aerobridge market outlook.

Moreover, new technologies and increasing urbanization are making air travel accessible for everyone. As per IATA (International Air Transport Association) estimates, passenger numbers will increase up to 8.2 billion by 2037. Impressive growth prospects are further encouraging nations to modernize airport infrastructure in order to attract more passengers.

However, financial viability is a major concern which may negatively impact the growth of the industry. Due to requirement of significant capital investment, most of the regional airports refrain from maintaining jet bridges or installing new ones. Moreover, small airlines prefer ferry buses and step ladders due to the inherent advantages provide by them, such as better on-time performance and shorter turnaround time. It also aids airlines to keep the ticket fares as low as possible.

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Speaking of the geographical landscape, Europe is expected to hold a major share in aerobridge market over the coming years due to the initiation of new airport construction projects in the region. Also, Asia Pacific possesses major opportunities for aerobridge industry growth owing to rising incomes, air passenger traffic, and proposed airport and associated infrastructure development projects.

Aerobridge industry is highly consolidated with very few product manufacturers contributing towards the market growth. Some of the key product manufacturers are ADELTE – the Boarding Company, CIMC-TianDa, PT Bukaka Teknsik Utama Tbk, Thyssenkrupp, FMT Sweden AB, JBT Corporation and ShinMaywa Industries, Ltd. These manufacturers are pursuing innovation, product expertise, and technological progressions to provide high quality jet bridges to customers. They have adopted an integrated approach to meet product & service demand of their customers. These strategies are poised to aid manufacturers to gain a competitive edge in the market and achieve profitability.

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The aerobridge market is segmented on the basis of elevation system, wall structure, movement and tunnel sections.

Wall structure-wise, steel walled jet bridges segment is likely to accumulate gains over USD 3.5 billion by 2025. These jet bridges are majorly used by advertising agencies for airline brand promotions. Steel walled jet bridges act as an important element of outdoor advertising and provide opportunity to efficiently convey brand message to thousands of passengers every day. However, glass walled aerobridges are likely to witness heavy demand over their counterpart due to their aesthetic appeal.

Elaborating on the product landscape, noseloader jet bridges segment is touted to cross 1,500 units over the forecast timeline.

Browse key industry insights spread across 220 pages with 330 market data tables & 18 figures & charts from the report, "Aerobridge Market Size By Wall Structure, By Elevation System, By Movement, By Tunnel Sections, By Product Typem Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025" in detail along with the table of contents: https://bit.ly/2tSOLT3

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