Global Passenger Boarding Bridge Market Size By Elevation System, By Foundation, By Product Type, By Geographic Scope And Forecast

Report Highlights

Passenger Boarding Bridge Market Size And Forecast

Passenger Boarding Bridge Market was valued at USD 232.96 Million in 2019 and is projected to reach USD 553.22 Million by 2027, growing at a CAGR of 11.4% from 2020 to 2027.

The Passenger Boarding Bridge Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Passenger Boarding Bridge Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Passenger Boarding Bridge Market Overview

The factors such as rise in number of passenger travelling through aircrafts is expected to drive the growth of global passenger boarding bridge market. Moreover, this has increased the demand for large aircrafts as a result to accommodate large number of passengers over a single trip. Airlines have now started ordering large aircrafts for the arrangement of the passengers such as Boeing 747-8 and Airbus A380. Further, the airport boarding gates has to increase the number of passengers per gate per flight owing to the rise in their accommodation. The use of stairs for passengers is a time consuming process to travel from the airport terminal to aircraft and can result in loss of potential revenue. This has increased the demand for passenger boarding bridge majorly in large aircrafts leading to the growth of the market.

This report provides an all-inclusive environment of the analysis for the Passenger Boarding Bridge Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Passenger Boarding Bridge Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Passenger Boarding Bridge Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Passenger Boarding Bridge Market.