Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 312.56 Million | USD 473.65 Million | 5.36% | 2022 |
Passenger Boarding Bridge Industry Prospective:
The global passenger boarding bridge market size was worth around USD 312.56 Million in 2022 and is predicted to grow to around USD 473.65 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.36% between 2023 and 2030.
The report analyzes the global passenger boarding bridge market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the passenger boarding bridge industry.
The passenger boarding bridge (PBB) is also commonly referred to as a sky bridge, jet bridge, and air bridge. It is an elevated, enclosed passageway extending from the gate of the airport terminal to an airplane. This enables the passengers to board and debark without any need to go outside. Depending on the installation, passenger boarding bridges are available in several configurations and are movable or fixed.
The global passenger boarding bridge market is growing at a faster rate. Factors such as a significant rise in the number of air travel passengers, huge investment in the development of the airports, and growing need for the passenger boarding bridge for the convenience of the passengers are spurring the growth of the global passenger boarding bridge market.
The passenger boarding bridge offers a broad spectrum of advantages as compared to the mobile boarding stairs. With the use of a passenger boarding bridge, the passengers are not exposed to moving aircraft, vehicle traffic, prop wash, weather extremes, temperature, or any other safety risks that are present in a ramp area. As the PBB eliminates the use of stairs, access for the infirm, elderly, as well as wheelchairs is highly facilitated. The use of PBB also reduces the potential security risks related to the access of passengers to the ramp.
Overall, safety, security, ease of access, the comfort of passengers, and reduced manpower requirement are some of the benefits of the passenger boarding bridge which leads to the rise in demand for the PBB. This is driving the growth of the global market.
Moreover, airfares at affordable prices rise in tourism and the growing tourism sector are also factors that are boosting the growth of the market. Furthermore, the rise in automation and integration of artificial intelligence into passenger boarding bridges may lead to huge opportunities for the growth of the global passenger boarding bridge market over the forecast period. However, the high cost associated with the purchase of a new PBB & its installation and poor operator technique or inappropriate operator training may lead to aircraft damage. These factors may hinder the growth of the global passenger boarding bridge market.
As a preventive measure and to control the spread of the coronavirus disease, the governments of most countries across the world enforced strict lockdowns and restrictions on movement. This negatively impacted the tourism sector. The facility of air travel was closed to prevent traveling of people across the countries. In addition to this, the manufacturers of the PBB also experienced a negative impact on the business due to disruption in the supply chain and unavailability of workers. Thus, all these factors have led to a decrease in the demand for the PBB which has hampered the growth of the global passenger boarding bridge market.
The global passenger boarding bridge market is divided into product type, docking type, structure, foundation, elevation system, and region. Based on the product type, the global passenger boarding bridge market is bifurcated into commuter bridges, T-bridges, Apron drive, over-the-wing bridges, and nose-loader bridges. Based on the docking type, the global market is split into intelligent and manual. The structure segment is categorized into glass-steel-walled, steel-walled, and glass-walled. Based on the foundation, the global market is classified as movable and fixed. The elevation system segment is fragmented into electro-mechanical and hydraulic.
Global Passenger Boarding Bridge Market: Report Scope
Report Attributes | Report Details |
---|---|
Report Name | Passenger Boarding Bridge Market Research Report |
Market Size in 2022 | USD 312.56 Million |
Market Forecast in 2030 | USD 473.65 Million |
Growth Rate | CAGR of 5.36% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | FMT Aircraft AB, CIMC Ltd., John Bean Technologies Corp. (JBT), ThyssenKrupp AG, Adelte Group, Mitsubishi Heavy Industries, Vataple Group Ltd, UBS Airport Systems, PT Bukaka Teknik Utama TBK, and Hubner GMBH & CO KG among others. |
Segments Covered | By Product Type, By Docking Type, By Structure, By Foundation, By Elevation System, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Regionally, North America is anticipated to account for the largest share of the global passenger boarding bridge market over the forecast period followed by Europe. This is due to the rise in the number of air travelers for business as well as tourism, well-established airports with state-of-the-art infrastructure, and growing demand for over-the-wing bridges with the rise in the use of large aircraft. Europe is estimated to contribute to a significant share of the market. The market in Asia Pacific is expected to grow at a lucrative rate owing to affordable airfares, rapidly growing airports in India & China, and growing concerns about the safety & convenience of passengers.
Some of the competitive players operating in the global passenger boarding bridge market are
By Product Type
By Docking Type
By Structure
By Foundation
By Elevation System
FrequentlyAsked Questions
The global passenger boarding bridge market is growing at a faster rate. Factors such as a significant rise in the number of air travel passengers, huge investment in the development of the airports, and growing need for the passenger boarding bridge for the convenience of the passengers are spurring the growth of the global passenger boarding bridge market. Furthermore, the rise in automation and integration of artificial intelligence to passenger boarding bridge may lead to huge opportunities for the growth of the global passenger boarding bridge market over the forecast period.
Some of the competitive players operating in the global passenger boarding bridge market are FMT Aircraft AB, CIMC Ltd., John Bean Technologies Corp. (JBT), ThyssenKrupp AG, Adelte Group, Mitsubishi Heavy Industries, Vataple Group Ltd, UBS Airport Systems, PT Bukaka Teknik Utama TBK, and Hubner GMBH & CO KG among others.
Regionally, North America is anticipated to account for the largest share in the global passenger boarding bridge market over the forecast period followed by Europe. This due to the rise in the number of air travelers for business as well as tourism, well-established airports with state-of-the-art infrastructure, and growing demand for over-the-wing bridges with the rise in the use of large aircraft.
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