Pune, India, September 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Passenger Boarding Bridges Market.
Global Market for Passenger Boarding Bridges is expected to be valued at USD 585.10 Million by 2026, registering an 11.8% CAGR between 2020 and 2026. Increasing passenger traffic, rising demand for new aircraft and stringent aviation regulations related to safety are primarily driving the growth of the market. Furthermore, increasing the development of greenfield and brownfield airports is driving the growth of the global market.
Increase in the need for efficient passenger handling systems
Growth Opportunities in the Global Passenger boarding bridges Market
Electro-mechanical segment is expected to record the highest growth in the market: The electro-mechanical segment is expected to register the highest CAGR during the review period. The increase in the use of airport electro-mechanical boarding bridges for efficient and clean operation is driving the growth of this segment.
The hydraulic segment accounted for the largest market share in 2019. This can be attributed to the wide adoption of hydraulic systems at several airports.
Air-conditioned segment is expected to register the highest growth in the market: The air-conditioned segment accounted for the largest market share in 2019 and is projected to record the highest CAGR during the review period. This can be attributed to the increasing demand for air-conditioned boarding bridges in Asia-Pacific and the Middle East & Africa. The non-air-conditioned segment is expected to record a steady CAGR during the forecast period.
Apron drive segment accounted for the largest market share in 2019: The apron drive segment is expected to record the higher CAGR during the forecast period. This is primarily due to the wide use of apron drive for a large number of passenger aircraft globally.
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