Global Aerobridge Market Report, published by Variant Market Research, forecast that the global market is expected to reach $1,453 million by 2024 from $778 million in 2016, growing at a CAGR of 8.1% from 2016 to 2024. Increasing passenger inflow at international and domestics airport is one of the major factors that boost the growth of aerobridge market. Furthermore, introduction of new aerobridges for local flights and increasing number of passengers in tier-II cities are expected to drive the aerobridge market. By type, fixed aerobridge and movable aerobridge accounted for the market share of 39.4% and 60.6% respectively, in 2016. In structure segment, class-walled aerobridge and steel-walled aerobridge accounted for19.6% and 80.4% respectively, in the year 2016. Furthermore, apron Drive Bridge, in product segments accounted the largest market share in aerobridge market in 2016.
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Asia-Pacific is the fastest growing region in the global aerobridge market, and is anticipated to continue this trend owing to investment in tier-II cities in emerging countries. Additionally, The Goa International Airport, in India, to get three novels aerobridges and is expected to be ready by April 2017, and this project is predicted to worth $1.8 million (INR 120 million). North America accounted the first largest share in the market with 29% followed by Europe is the second largest share with 28.1%, in the year 2016.
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Major players in the Aerobridge Market are Thyssenkrupp AG, CIMC Group Ltd., Airport Equipment Ltd., Adelte Group, Ameribridge, Inc., Vataple Group Ltd., Shinmaywa Industries Ltd., MHI-TES, Hubner GmbH & Co. Kg and John Bean Technologies Corp., and others.
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