Passenger Boarding Bridge Market to reach $4.2 Billion by 2020 - New Report by MarketsandMarkets
(PRWEB) February 28, 2015 -- The Passenger boarding bridge market is estimated to be at $2907.66 million in 2014 and is expected to register a CAGR of 6.20%, to reach $4170.79 million by 2020. The key growth regions are expected to be the Middle East, Asia- Pacific and Europe. China, Saudi Arabia, UAE, India, and Japan are expected to demonstrate consistent levels of growth.
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Since the introduction of passengers boarding bridges in the early sixties, they have become a significant part of the airport facilities. Apart from providing luxurious passage to the passengers they also help the airport authorities to monitor the passenger movement. Further airport authorities are benefitted by fewer security checkpoints, thus a reduction in labor cost.
Passenger boarding bridge helps to provide safe passage for the passengers from the airport terminal to the aircraft. PBB also provides easy access for the bodily disabled passengers and pregnant passengers. Prevention of acute weather conditions such as heat, wind, rain and cold while passenger board or disembark are additional benefits of passenger boarding bridge. The continuous increase in air traffic has increased the demand to induce methods to manage the traffic boarding and disembarking from an aircraft. The major challenge for airlines is to lower costs along with, ensuring safety of aircraft and passenger, and gain operational efficiency.
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