What is the future of Passenger Boarding Bridge Market? Know Covid Impact on Size, Share & Forecasts
June 29, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Passenger Boarding Bridge Market.
It was estimated prior to this unanticipated outbreak that the Passenger Boarding Bridge Market was likely to witness an impressive CAGR of 7.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Passenger Boarding Bridge Market Segment Insights:
By Application Type:
Airport segment is expected to remain a growth engine of the global passenger boarding bridge market during the forecast period. The segment is expected to experience the fastest growth in the next five years, driven by on-going and upcoming airport infrastructure projects, modernization of existing airports, and green field airport projects. Seaport PBB is expected to experience moderate growth rate for the same period.
By Bridge Type:
Arpon passenger boarding bridge is expected to remain the largest bridge type during the forecast period. Arpon PBB is expected to witness the highest growth rate for the same period as it allows a variety of docking heights (narrow body to wide body aircraft) and ample lateral movement and 360-degree directional bogies. Arpon passenger boarding bridge is also suitable for double decker aircraft like A380.
By Structure Type:
Glass walled passenger boarding bridges are widely preferred across regions and is likely to experience the fastest growth rate in the next five years. Steel sided walls are mainly preferred in the US and Latin America, as they provide more space for advertising and are slightly less expensive.
By Region:
Asia-Pacific region is expected to exhibit the fastest growth during the forecast period due to on-going and upcoming airport projects and upgradation of existing airports. The developing countries, mainly China and India are likely to drive the demand of airport passenger boarding bridge market in the Asia-Pacific region in next five years.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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