(MENAFNEditorial) The global airport stands equipment market is estimated to be valued at USD 851.71 Million in 2015 and is projected to reach USD 1196.93 Million by 2020, at a CAGR of 7.0% from 2015 to 2020.
Browse 74 market data Tables and 81 Figures spread through 182 Pages and in-depth TOC on "Airport Stands Equipment Market - Global Forecasts to 2020"
http://www.marketsandmarkets.com/Market-Reports/airport-stands-equipment-market-169640265.html
The global airport stands equipment market is estimated to be valued at USD 851.71 Million in 2015 and is projected to reach USD 1196.93 Million by 2020, at a CAGR of 7.0% from 2015 to 2020.
The report discusses the market opportunities that exist in the airport stands equipment over the forecast period of 2015-2020. The market has been segmented on the basis of equipment type and technology. The airport stands equipment market report identifies the market opportunities for the above segments across the five regions, namely, North America (NA), Europe, Asia-Pacific (APAC), the Middle East (ME), and Rest of the World (RoW).
The demand for airport stands equipment has been increasing rapidly; the demand for aviation services is expected to drive the number of passengers traveling throughout the world. The per capita income and the prices of air travel cost are some of the important economic factors which affect the civil aviation industry in a particular region.
Globally, the demand for aviation services is expected to drive the number of passengers traveling throughout the world. The factors which influence the aviation market include economic factors such as income and prices. The per capita income and the prices of air travel cost are some of the important factors which affect the civil aviation industry in a particular region this will in short affect the airport stands equipment market.
The aircraft uses an in-built auxiliary power unit (APU) for generating on-flight power. The power produced is used to run all the electrical equipment, including lighting, air conditioner, and others. The APU uses onboard aviation jet fuel to produce power. Once landed, the aircraft still needs preconditioned air. The use of APU to cool the aircraft is costlier as aviation fuel costs are high. Hence, the companies use preconditioned air units located near aircraft stands to cool or heat the aircraft. These units pass on the preconditioned air through ducts and hosing pipes.
Airline operations continue to evolve with the launch of new ventures and new business models. Long-haul services by European low-cost carriers (LCC) became a reality in 2013, with the delivery of Boeings 787 to Norwegian Air Shuttle. The next 20 years are expected to bring additional mergers & acquisitions in the aviation industry, along with increased collaboration with alliance partners around the world. The London Airport is also coming up with six new runways and new airports in future that will drive the market of airport stands equipment during the forecast period.
In the airport stands equipment market some of the dominant market players such as ThyssenKrupp Airport Systems Inc. (U.S.), John Bean Technologies Corporation (U.S.), TUG Technologies Corporation (U.S.) introduced several technologically advanced systems, and entered into strategic agreements and partnerships in order to keep pace with the industry trends. In coming years, airport stands equipment market is expected to show a gradual growth with the recovery of economy and investor confidence. The rising global demand of airport stands equipment in order to manage the passenger flow from terminal gate to aircraft and vice versa has helped companies to increase their revenue.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.