A report by independent researcher firm Research and Markets has estimated that the airport stands equipment market will grow at an annual compound growth rate (CAGR) of 7% to reach US$1.2bn by 2020. This is based on a figure of US$851.7m being spent in the industry in 2015.
Major drivers for the airport stands equipment market include the expansion and modernization of airports globally, along with the increasing number of upcoming airports in the developing regions.
The report provides comprehensive insights into various aspects of the market and is segmented on the basis of equipment, sub types of equipment, technology, and regions.
The equipment segments include air bridges, preconditioned air units, electrical ground power units and stand entry guidance systems. The technology types differ according to the equipment type. The regional segments included in the report are North America, Europe, Asia-Pacific, the Middle East and the Rest of the World.
Major players in the airport stands equipment market include JBT Aerotech (USA), ThyssenKrupp Airport Systems (USA), TUG Technologies Corporation (USA), Cavotec (Switzerland), ShinMaywa Industries (Japan), Safegate Group (Sweden), FMT Airport Systems (Sweden), Adelte Group (Spain), Aerospace Specialties (USA), and Omega Aviation (USA).
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