Major players in PBB market include JBT Aerotech (U.S.), MHI-TES (Japan), ThyssenKrupp Elevators (Germany), Adelte Group (Spain), CIMC Group (China), and FMT gate support systems AB (Sweden), Hubner Gmbh & Co (Germany)
(PRWEB) December 26, 2014
A new market research report Passenger Boarding Bridge Market by Airport defines and segments the passenger boarding bridge market with analyses and projection of the size and trends, in terms of value. It also identifies the driving and restraining factors for the market with analyses of opportunities, burning issues, and challenges.
Early buyers will receive 10% customization on this report.
Further Inquiry of Report at http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=69975937
Browse 55 market data tables and 54 figures, spread through 248 pages and in-depth TOC on “Passenger Boarding Bridge Market - Global Forecast to 2020."
Air travel used to be an expensive affair, often used by high income earners, executive-class business professionals, and political leaders to travel to distant places. Only few players had been providing air transport facilities, as passenger traffic was comparatively lesser. Globalization is considered to be a major and the most important factor that has built and expanded the aviation industry as it stands today.
Increasing air travel demand and growing air passenger traffic is considered as a major aspect leading to the transformation of airports. Over the last few decades, usage of automated passenger boarding bridges witnessed a drastic increase. The airport authorities made significant investments, in order to integrate automated PBBs, which would help in reducing the passenger turnaround time. The global market for passenger boarding bridges is expected to reach more than $7.5 billion by 2020, with a CAGR of 4.85%.
The global market for passenger boarding bridges has been bifurcated on the basis of PBB type (Apron Drive, Radial, Fixed Pedestal, Elevated “T,” Standard Drive, Mobile (Telescopic), Noseloader, and Dual Boarding), on the basis of airport (Class A, Class B, and Class C) and by Geography, including major regions and countries.
Asia-Pacific is expected to register a higher CAGR, led by China and the total market for passenger boarding bridges in this specific region is projected to $7.5 million by 2020, at CAGR of 4.85%. It is reported that large scale airport modernization and development program implemented by the concerned authorities in this specific region is the major factor that will drive the demand of passenger boarding bridges, furthermore fuelling the growth of PBB market.
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In accordance to the market study, it is reported that Steel walled PBB segment accounts for a larger market share when compared to other glass walled segments in global market for passenger boarding bridges.
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