Airport passenger boarding bridge market to reach $7.5 billion by 2020, forecast says
DALLAS, 12 Jan. 2015. the global market for airport passenger boarding bridges will grow to $7.5 billion by 2020, with a combined annual growth rate (CAGR) of 4.85 percent, predict analysts at market researcher Markets and Markets in Dallas.
Driving the passenger boarding bridge market is increasing air travel demand and growing air passenger traffic, analysts say. Over the last few decades the use of automated passenger boarding bridges witnessed a drastic increase as airport authorities sought to reduce passenger turnaround time.
Markets and Markets analysts outline their global boarding bridge forecast in the airport infrastructure report Passenger Boarding Bridge Market - Global Forecast to 2020, which has 55 market data tables, 54 figures, and 248 pages.
The global market for passenger boarding bridges breaks down into two types: apron drive, radial, fixed pedestal, elevated T, standard drive, mobile (telescopic), noseloader, and dual boarding; by airport: class A, class B, and class C; and by region and countries.
The global market for passenger boarding bridges is expected to reach $7.5 million by 2020, registering CAGR of 4.85 percent. Asia-Pacific is expected to register 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 percent.
The steel-walled boarding bridge segment accounts for a larger market share when compared to other glass walled segments in global market for passenger boarding bridges.
For more information contact Markets and Markets online at www.marketsandmarkets.com.