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I AgreeAnalysis of Passenger Boarding Bridge market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
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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.
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.
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.
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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.
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%.
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.
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.
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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.
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.
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.
Furthermore, major businesses appear to be particularly interested in acquiring, collaborating, expanding capacity, and expanding their global distribution and sales networks.
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.
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
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Key Market Segments Covered |
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Key Companies Profiled
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Customization & Pricing |
Available upon Request |
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The global jet bridge market size is worth more than US$ 690 Mn at present.
Sales of jet bridges are projected to increase at a CAGR of over 9% during 2021 – 2031.
Value sales of jet bridges increased at a CAGR of 3.5% during 2016 – 2020.
Demand for glass tunnels is soaring owing to their efficiency, and this is one of the key trends being observed in the market.
Growing demand for fast mode of transport across multitude avenues stands as the core driver for the market.
As per ratings on the basis of market share, market reach, clientele, etc., the top 5 manufacturers of jet bridges account for around 45% share in the market.
Top 5 countries driving demand for jet bridges are the U.S., Germany, China, Japan, and India.
The European market for jet bridges is projected to expand at a CAGR of more than 8% during 2021 – 2031.
China, Indonesia, and Russia are key producers of jet bridges.
The market in South Korea and Japan is set to expand at over 9.5% CAGR, with both countries together accounting for 30% share in the East Asia market.