Passenger Boarding Bridge Market

Market Outlook for Passenger Boarding Bridge

As per the jet bridge industry analysis by Fact.MR, global demand enjoyed year-on-year (YoY) growth of 7.1% in 2021, and is set to total a valuation of around US$ 1.6 Bn by the end of 2031. Demand for movable passenger boarding bridges is anticipated to grow 1.9X while fixed passenger boarding bridges will offer an incremental dollar opportunity of US$ 765 Mn over the next ten years. 

Key Market Insights Covered in Jet Bridge Industry Survey:

• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis
• New Installations / Sales including Retrofit
• Assessment by Duty Cycles / Capacity / Usage / Specifications
• Assessment of Unit Shipments, Installation, and Assembly Price
• COVID-19 Impact on Demand for Jet Bridges and How to Navigate
• Recommendation on Key Winning Strategies

Revenue Analysis of Jet Bridges from 2016 to 2020 Compared to Demand Outlook for 2021 to 2031

All along the preceding demi-decade of 2016-2020, the global Passenger boarding bridge market expanded at a CAGR of 3.5%. Changing travelling preferences and increased spending by people are dominant bellwethers for the inflation of the market.

Booming development and infrastructural advancements have foreseen a rise in the demand for jet bridges. Increased awareness and government regulations of less polluting alternatives have also increased demand for passenger boarding, ensuring the market's steady expansion.

Increasing infrastructural and government spending on elevating the living standards of people are expected to drive demand for jet bridges over the coming years.

• The global passenger boarding bridge market is anticipated to surge at a CAGR of 9% and reach a market value of US$ 1.6 Bn by 2031.
• By type, movable passengers boarding bridges are anticipated to offer absolute dollar opportunity of US$ 441 Mn through 2031.
• Mobile telescopic bridges hold a market share of 25%, but this is expected to decline to 23.2% by the end of 2031.
• By structure, glass bridges are creating a trend in the market growing 2.3X during the historic period.
• Sales of hydraulic jet bridges are poised to increase at a CAGR of 8.8% over the forecast years.
• East Asia is anticipated to reach a market value of US$ 525 Mn by the end of 2031, which is highest among any region.

Why is Demand for Jet Bridges Rising across the World?

Mounting demand for jet bridges is not due to tenacious demand for alternative airbuses but also due to rising acceptance among airport authorities.

Regions such as East Asia, South Asia, and Europe see high demand for jet bridges as compared to other parts of the world due to rising air traffic. On the other hand, North America, which already is an established market for jet bridges, is exhibiting sluggish growth due to well-settled infrastructure.

Howbeit, regions such as Latin America and MEA see lower utilization of jet bridges due to infrastructure that is at the lower end in these regions. Increased demand for jet bridges is due to their use in a variety of end-use industries as well as increasing standards of living and rising awareness.

Will Increasing Government Spending Provide an Opportunity for Higher Revenue Generation?

Many countries are concentrating on advanced technology in order to improve their infrastructural facilities and produce more revenue from the industry. South Asia and East Asia are leading users of jet bridges around the globe.

Jet bridges also crop up as a low carbon transmitting structure, as they utilizes renewable resources for working. Business growth has been standardized optimistically due to growing authorization of low-carbon footprint and renewable resources.

What are the Key Challenges Affecting the Sales of Jet Bridges?

Use of airport shuttle buses has had an effect on the market for jet bridges around the world. Growth of the advanced jet bridges market is being hampered by higher production costs, installation difficulty, and limited usability in small airports.

Increasing taxes and lower subsidiaries are acting as restraints for the market, which, in turn, is resulting in high pricing with frequent maintenance cost.

Which Region Offers Great Potential for Jet Bridge Manufacturers?

East Asia, mainly China, is the beetling region in terms of demand for jet bridges due to highest spending on airport and seaport infrastructure. Elevated technologies and per capita spending on improving the living standards of people have made East Asia among the leading consumers for jet bridges.

In support of the above statement, East Asia accounts for over 29% of the market share at present.

Following East Asia is South Asia, which accounts for 19.5% of the market share. India accounts for the largest value and volume in the South Asia region.

The lowest market share is accounted for by MEA, expected to be just above US$ 100 Mn by the year 2031, in which, GCC countries will hold a significant share of 33.4% and expected to rise at a CAGR of 4.7%.

Country-wise Analysis

Why is China a Growth Epicenter for Jet Bridge Suppliers?

China remains the leader in the market with an absolute dollar opportunity US$ 200 Mn, having a market share of 63.9% and market value of US$ 128 Mn.

China is the most appealing market for jet bridges because of its population, abundant raw materials, and early development.

Why is India Turning Out to Be a Promising Market for Jet Bridge Providers?

In terms of demand and output, India holds the second place in the jet bridge industry due to increasing air traffic and development in the country. In the year 2020, over 341 Mn passenger traffic was recorded through airports across India, out of which, 66 Mn were international passengers.

In the year 2020, jet bridge demand grew to US$ 37 Mn, fueling the country’s economy. The market in India is expected to grow 2.3X by 2031, creating an absolute dollar opportunity of US$ 53 Mn over the next ten years.

How Has Jet Bridge Demand Been Shaping Up across Established Markets?

• China: With technological advancements and rising infrastructural facilities, the market in China is poised to expand 2.5X and reach a market value of US$ 329 Mn by 2031.
• Japan: The market in Japan is poised to offer an absolute dollar opportunity of US$ 6.3 Mn and hold a market share of 22.6% by 2031.
• Russia: The market in Russia is anticipated to lose 32.9 BPS expanding at a CAGR of 7.4% through 2031.

Category-wise Insights

Why is Demand for Mobile Telescopic Bridges High?

Popularity of mobile telescopic bridges is a prime driver for the market. Mobile telescopic bridges are expected to offer an absolute dollar opportunity of US$ 207 Mn over the decade.

Mobile telescopic bridges hold a market share of 25%, due to ease of use and availability. Manufactures are focusing on various modernizations for the development of eco-efficient jet bridges so that the greenhouse effect can be controlled.

Will Airports Drive Maximum Utilization of Jet Bridges?

Airports have the highest utilization of jet bridges, and hold the highest share of 76.3% under the end-use segment.

Continuous renovation and construction of new airports all across the globe has hiked demand for jet bridges. Increase in global air traffic is another factor contributing towards heightened demand for jet bridges at airports.

Rising population is increasing demand for automation, which is indirectly affecting the environment. As such, manufacturers are coming up with advanced technologies that can be used in jet bridges to reduce the emission of harmful gasses, with the use of solar panel.

How Has COVID-19 Impacted Sales of Jet Bridges?

Pandemics and natural disasters, such as COVID-19, are unpredictable and have a significant economic effect on many of the world's major economies. COVID-19 has also had an influence on demand and sales of jet bridges.

Because of the closure of end-use industries, demand for jet bridges decreased during COVID-19. During the first quarter of 2020, there was a 60% drop in air traffic. Market value for the year 2019 was US$ 679 Mn, which declined to US$ 645 Mn in 2020.

Competitive Landscape

Furthermore, major businesses appear to be particularly interested in acquiring, collaborating, expanding capacity, and expanding their global distribution and sales networks.

• AviRAMP launched a solar powered range of patented boarding ramps and bridges. The solar model is being offered in the lite model of its passenger boarding bridge.
• Adelete launched its new range of Seaport Passenger Boarding for cruise and ferry terminals. The main idea for this development was to manufacture safe, durable, and practical boarding bridges.

Similarly, recent developments related to companies offering jet bridges have been tracked by the team at Fact.MR, which are available in the full report.

Jet Bridge Market Report Scope

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	US$ Mn for Value, 1000 units for Volume
Key Regions Covered	North America Latin America Europe East Asia South Asia MEA
Key Market Segments Covered	Product Type Type Structure Technology End Use Region
Key Companies Profiled	John Bean Technologies Thyssenkrupp Elevator ADELTE China International Marine Containers (Group) Ltd ShinMaywa PT Bukaka Teknik Utama TBK Airport Equipment Ltd UBS Airport System
Customization & Pricing	Available upon Request

Segments Covered in Jet Bridge Industry Research

• Type

  • Movable Passenger Boarding Jet Bridges
  • Fixed Passenger Boarding Jet Bridges

• Product Type

  • Apron Drive Jet Bridges
  • Mobile Telescopic Jet Bridges
  • A380 Upper Deck Services
  • Dual Boarding Jet Bridge Systems
  • Nose-Loader Jet Bridges
  • T-Bridges
  • Over-The-Wing Jet Bridges
  • Commuter Jet Bridges

• Structure

  • Glass Tunnels 
  • Steel Tunnels

• Technology

  • Hydraulic Jet Bridges
  • Electromechanical Elevation Jet Bridges

• End Use

  • Airport Jet Bridges
  • Seaport Jet Bridges