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| A00922 | Pages: 172 | Mar 2018 | 11199 Views | | |
| Author(s) : Rachita Rake | Tables: 62 | Charts: 50 |
| |
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Request Now !Global airport stands equipment market was valued at $1,096 million in 2016, and is projected to reach at $1,547 million by 2023, growing at a CAGR of 5.20% from 2017 to 2023.
Airport Stand Equipment are majorly used on the aircraft ramp during the arrival and departure of flights to ensure efficient operation of flights by providing adequate safety and comfort for airport staff and passengers. These equipment ensure smooth functioning of aircraft-related operations on the ramp. The role of airport stands equipment involves aircraft mobility, ground power operations, and cargo or passenger loading/unloading operations.
Global Airport Stands Equipment Market
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Continuous rise in global freight and passenger traffic, modernization of airports, and high demand for new aircraft are some of the major factors that propel the growth of the airport stands equipment market. However, long shelf life of airport stand equipment and dearth of skilled workforce restrain the market growth. Conversely, rise in greenfield and brownfield airport projects is expected to provide numerous opportunities for this market.
Preconditioned air unit is expected to grow at a significant pace during the forecast period. The boarding bridge segment led the market in 2016, and is expected to continue this trend in the near future. Furthermore, North America is expected to dominate the overall market during the forecast period, as it is the highest adopter of airport stands equipment.
The report focuses on the growth prospects and restraints of the market based on the analysis of regional trends. The study provides Porter’s Five Forces analysis of the industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the market.
Segment Review
The global airport stands equipment market is segmented into type and region. Based on type, the market is divided into boarding bridges, preconditioned air units (PCA), ground power units, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global airport stands equipment market is dominated by key players such as Aero Specialties, Inc., Airport Equipment, FMT Aircraft Gate Support Systems AB, Textron Inc., JBT Corporation, Cavotec SA, ThyssenKrupp AG, ADELTE Group S.L., HDT Global, and ShinMaywa Industries, Ltd.
Global Airport Stands Equipment Market by Type
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Global Airport Stands Equipment Market by Region
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Top Impacting Factors
The airport stands equipment market growth is expected to be driven by continuous rise in global freight and passenger traffic, modernization of airports, and high demand for new aircraft. However, long shelf life of airport stand equipment and dearth of skilled workforce are expected to negatively impact the market growth during the forecast period.
Rise in Global Freight and Passenger Traffic
The demand for airport stand equipment is on an increase since the past few years due to constant increase in global freight and passenger traffic throughout the world. Moreover, growth in international tourism has led to the construction of new airports and expansion of existing ones. For instance, according to the International Air Transport Association (IATA), the global air freight market measured in freight ton kilometers (FTKs) grew by 9.0%, which was more than double the 3.6% annual growth recorded in 2016.
Modernization of Airports
Upgrading airport infrastructure is expected to fuel the demand for airport stand equipment during the forecast period. Moreover, increase in international passenger traffic has enforced government agencies around the world to make substantial investments to expand their transportation networks so as to accommodate high volume of visitors. In addition, government agencies have taken proactive measures to support airport infrastructure, which is opportunistic for the market.
High Demand for New Aircraft
Surge in demand for new aircrafts across the world is projected to drive the growth of the market. For instance, according to Airbus Global Market Forecast, air traffic is expected to double over the next 15 years due to strong and resilient passenger traffic growth. Moreover, this would lead to deployment of 34,900 new aircraft by 2036, of which 34,170 will be passenger aircraft and 730 will be freighters. Asia-Pacific is expected to account for 41% of the total demand, with the US and Europe jointly representing 36%.
Rise in Greenfield and Brownfield Airport Projects
Greenfield airport project is a terminology defining construction of new airports on a greenfield land, whereas brownfield airport involves the modification or upgrade of airports as per the global standards. Continuous rise in greenfield and brownfield airport projects in the developing economies is expected to provide lucrative opportunities for the market. For instance, the airport infrastructure in India has witnessed improvisation and expansion of airports on a massive scale due to increase in support from private participants.
Key Benefits
Key Market Players
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. RESEARCH METHODOLOGY
1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools & models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. PORTER'S FIVE FORCES ANALYSIS
3.4. KEY PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Continuous rise in global freight and passenger traffic
3.5.1.2. Modernization of airports
3.5.1.3. High demand for new aircraft
3.5.2. Restraints
3.5.2.1. Long shelf life of airport stand equipment
3.5.2.2. Dearth of skilled workforce
3.5.3. Opportunities
3.5.3.1. Rise in greenfield and brownfield airport projects
3.5.3.2. Rise in focus on non-aviation-related revenue
CHAPTER 4: AIRPORT STAND EQUIPMENT MARKET, BY TYPE
4.1. OVERVIEW
4.2. BOARDING BRIDGES
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast, by region
4.2.4. Market analysis by country
4.3. PRECONDITIONED AIR UNITS (PCA)
4.3.1. Key market trends
4.3.1.1. -25C PCA units for large planes in hot humid climates
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast, by region
4.3.3.1. Fixed preconditioned air unit & Movable preconditioned air unit
4.3.4. Market analysis by country
4.4. GROUND POWER UNITS
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast, by region
4.4.4. Market analysis by country
4.5. OTHERS
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast, by region
4.5.4. Market analysis by country
CHAPTER 5: AIRPORT STAND EQUIPMENT MARKET, BY GEOGRAPHY
5.1. OVERVIEW
5.2. NORTH AMERICA
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.2.3.1. Market size and forecast, by type
5.2.3.2. Market size and forecast, by country
5.2.3.3. U.S.
5.2.3.3.1. Market size and forecast, by type
5.2.3.4. Canada
5.2.3.4.1. Market size and forecast, by type
5.2.3.5. Mexico
5.2.3.5.1. Market size and forecast, by type
5.3. EUROPE
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
5.3.3.1. Market size and forecast, by type
5.3.3.2. Market size and forecast, by country
5.3.3.3. UK
5.3.3.3.1. Market size and forecast, by type
5.3.3.4. Germany
5.3.3.4.1. Market size and forecast, by type
5.3.3.5. France
5.3.3.5.1. Market size and forecast, by type
5.3.3.6. Russia
5.3.3.6.1. Market size and forecast, by type
5.3.3.7. Italy
5.3.3.7.1. Market size and forecast, by type
5.3.3.8. Rest of Europe
5.3.3.8.1. Market size and forecast, by type
5.4. ASIA-PACIFIC
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast
5.4.3.1. Market size and forecast, by type
5.4.3.2. Market size and forecast, by country
5.4.3.3. China
5.4.3.3.1. Market size and forecast, by type
5.4.3.4. India
5.4.3.4.1. Market size and forecast, by type
5.4.3.5. Japan
5.4.3.5.1. Market size and forecast, by type
5.4.3.6. South Korea
5.4.3.6.1. Market size and forecast, by type
5.4.3.7. Australia
5.4.3.7.1. Market size and forecast, by type
5.4.3.8. Rest of Asia-Pacific
5.4.3.8.1. Market size and forecast, by type
5.5. LAMEA
5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast
5.5.3.1. Market size and forecast, by type
5.5.3.2. Market size and forecast, by country
5.5.3.3. Latin America
5.5.3.3.1. Market size and forecast, by type
5.5.3.4. Middle East
5.5.3.4.1. Market size and forecast, by type
5.5.3.5. Africa
5.5.3.5.1. Market size and forecast, by type
CHAPTER 6: COMPANY PROFILES
6.1. ADELTE GROUP S.L.
6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Operating business segments
6.1.4. Product portfolio
6.1.5. Key strategic moves and developments
6.2. AERO SPECIALTIES, INC.
6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Operating business segments
6.2.4. Product portfolio
6.3. AIRPORT EQUIPMENT LTD.
6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Product portfolio
6.4. CAVOTEC SA
6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Operating business segments
6.4.4. Product portfolio
6.4.5. Business performance
6.4.6. Key strategic moves and developments
6.5. FMT AIRCRAFT GATE SUPPORT SYSTEMS AB
6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Product portfolio
6.5.5. Key strategic moves and developments
6.6. HDT GLOBAL
6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Product portfolio
6.7. JOHN BEAN TECHNOLOGIES CORPORATION (JBT AEROTECH)
6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments
6.7.4. Product portfolio
6.7.5. Business performance
6.7.6. Key strategic moves and developments
6.8. SHINMAYWA INDUSTRIES, LTD.
6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segments
6.8.4. Product portfolio
6.8.5. Business performance
6.8.6. Key strategic moves and developments
6.9. THYSSENKRUPP AG
6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segments
6.9.4. Product portfolio
6.9.5. Business performance
6.9.6. Key strategic moves and developments
6.10. TEXTRON INC. (TUG TECHNOLOGIES CORPORATION)
6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Operating business segments
6.10.4. Product portfolio
6.10.5. Business performance
6.10.6. Key strategic moves and developments
LIST OF TABLES
TABLE 01. GLOBAL AIRPORT STAND EQUIPMENT MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 02. AIRPORT STAND EQUIPMENT MARKET REVENUE FOR BOARDING BRIDGES, BY REGION, 2016-2023 ($MILLION)
TABLE 03. AIRPORT STAND EQUIPMENT MARKET REVENUE FOR PRECONDITIONED AIR UNITS, BY REGION, 2016-2023 ($MILLION)
TABLE 04. PRECONDITIONED AIR UNIT MARKET REVENUE, BY PRODUCT TYPE , 2016-2023 ($MILLION)
TABLE 05. AIRPORT STAND EQUIPMENT MARKET REVENUE FOR GROUND POWER UNITS , BY REGION, 2016-2023 ($MILLION)
TABLE 06. AIRPORT STAND EQUIPMENT MARKET REVENUE FOR OTHERS, BY REGION, 2016-2023 ($MILLION)
TABLE 07. AIRPORT STAND EQUIPMENT MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 08. NORTH AMERICA AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 09. NORTH AMERICA AIRPORT STAND EQUIPMENT MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 10. U.S. AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 11. CANADA AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 12. MEXICO AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 13. EUROPE AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 14. EUROPE AIRPORT STAND EQUIPMENT MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 15. UK AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 16. GERMANY AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 17. FRANCE AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 18. RUSSIA AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 19. ITALY AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 20. REST OF EUROPE AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 21. ASIA-PACIFIC AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 22. ASIA-PACIFIC AIRPORT STAND EQUIPMENT MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 23. CHINA AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 24. INDIA AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 25. JAPAN AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 26. SOUTH KOREA AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 27. AUSTRALIA AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 28. REST OF ASIA-PACIFIC AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 29. LAMEA AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 30. LAMEA AIRPORT STAND EQUIPMENT MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 31. LATIN AMERICA AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 32. MIDDLE EAST AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 33. AFRICA AIRPORT STAND EQUIPMENT MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 34. ADELTE GROUP S.L.: COMPANY SNAPSHOT
TABLE 35. ADELTE GROUP S.L.: PRODUCT CATEGORY
TABLE 36. ADELTE GROUP S.L.: PRODUCT PORTFOLIO
TABLE 37. AERO SPECIALTIES, INC.: COMPANY SNAPSHOT
TABLE 38. AERO SPECIALTIES, INC.: PRODUCT CATEGORY
TABLE 39. AERO SPECIALTIES, INC.: PRODUCT PORTFOLIO
TABLE 40. AIRPORT EQUIPMENT LTD: COMPANY SNAPSHOT
TABLE 41. AIRPORT EQUIPMENT LTD: PRODUCT PORTFOLIO
TABLE 42. CAVOTEC: COMPANY SNAPSHOT
TABLE 43. CAVOTEC: OPERATING SEGMENTS
TABLE 44. CAVOTEC: PRODUCT PORTFOLIO
TABLE 45. FMT AIRCRAFT GATE SUPPORT SYSTEMS AB: COMPANY SNAPSHOT
TABLE 46. FMT AIRCRAFT GATE SUPPORT SYSTEMS AB: PRODUCT CATEGORIES
TABLE 47. FMT AIRCRAFT GATE SUPPORT SYSTEMS AB: PRODUCT PORTFOLIO
TABLE 48. HDT GLOBAL: COMPANY SNAPSHOT
TABLE 49. HDT GLOBAL: PRODUCT CATEGORIES
TABLE 50. HDT GLOBAL: PRODUCT PORTFOLIO
TABLE 51. JBT: COMPANY SNAPSHOT
TABLE 52. JBT: OPERATING SEGMENTS
TABLE 53. JBT: PRODUCT PORTFOLIO
TABLE 54. SHINMAYWA: COMPANY SNAPSHOT
TABLE 55. SHINMAYWA: OPERATING SEGMENTS
TABLE 56. SHINMAYWA: PRODUCT PORTFOLIO
TABLE 57. THYSSENKRUPP: COMPANY SNAPSHOT
TABLE 58. THYSSENKRUPP: OPERATING SEGMENTS
TABLE 59. THYSSENKRUPP: PRODUCT PORTFOLIO
TABLE 60. TEXTRON: COMPANY SNAPSHOT
TABLE 61. TEXTRON: OPERATING SEGMENTS
TABLE 62. TEXTRON: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01. GLOBAL AIRPORT STAND EQUIPMENT MARKET, 2016-2023
FIGURE 02. AIRPORT STAND EQUIPMENT MARKET, BY REGION, 2016-2023
FIGURE 03. GLOBAL AIRPORT STAND EQUIPMENT MARKET: KEY PLAYERS
FIGURE 04. GLOBAL AIRPORT STAND EQUIPMENT MARKET SEGMENTATION
FIGURE 05. AIRPORT STAND EQUIPMENT MARKET: TOP IMPACTING FACTOR
FIGURE 06. AIRPORT STAND EQUIPMENT MARKET: TOP INVESTMENT POCKETS
FIGURE 07. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIER
FIGURE 08. HIGH BARGAINING POWER OF BUYER
FIGURE 09. MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 10. HIGH THREAT OF NEW ENTRANTS
FIGURE 11. MODERATE-TO-HIGH COMPETITIVE RIVALRY
FIGURE 12. AIRPORT STAND EQUIPMENT MARKET: KEY PLAYER POSITIONING, 2016
FIGURE 13. DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF AIRPORT STAND EQUIPMENT MARKET FOR BOARDING BRIDGES, BY COUNTRY, 2016 & 2023 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF AIRPORT STAND EQUIPMENT MARKET FOR PRECONDITIONED AIR UNITS, BY COUNTRY, 2016 & 2023 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF AIRPORT STAND EQUIPMENT MARKET FOR GROUND POWER UNITS, BY COUNTRY, 2016 & 2023 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF AIRPORT STAND EQUIPMENT MARKET FOR OTHERS, BY COUNTRY, 2016 & 2023 (%)
FIGURE 18. U.S. AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 19. CANADA AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 20. MEXICO AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 21. UK AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 22. GERMANY AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 23. FRANCE AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 24. RUSSIA AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 25. ITALY AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 26. REST OF EUROPE AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 27. CHINA AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 28. INDIA AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 29. JAPAN AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 30. SOUTH KOREA AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 31. AUSTRALIA AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 32. REST OF ASIA-PACIFIC AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 33. LATIN AMERICA AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 34. MIDDLE EAST AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 35. AFRICA AIRPORT STAND EQUIPMENT MARKET, 2016-2023 ($ MILLION)
FIGURE 36. CAVOTEC: NET SALES, 2015-2017 ($MILLION)
FIGURE 37. CAVOTEC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 38. CAVOTEC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 39. JBT: NET SALES, 2015-2017 ($MILLION)
FIGURE 40. JBT: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 41. JBT: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 42. SHINMAYWA: NET SALES, 2015-2017 ($MILLION)
FIGURE 43. SHINMAYWA: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 44. SHINMAYWA: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 45. THYSSENKRUPP: NET SALES, 2015-2017 ($MILLION)
FIGURE 46. THYSSENKRUPP: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 47. THYSSENKRUPP: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 48. TEXTRON: NET SALES, 2015-2017 ($MILLION)
FIGURE 49. TEXTRON: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 50. TEXTRON: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
Airport stand equipment are the predetermined stands used at airports during arrival and departure of flights. The demand for airport stands equipment is on an increase due to the rise in demand for aviation services throughout the world. Moreover, continuous rise in international tourists has grown significantly. Due to which government of many countries are making substantial investments to their transportation network to accommodate high number of passengers. In addition, growth of international tourism has led to construction of new airports and expansion of existing airports, which is expected to drive the demand for the global airport stands equipment market.
Moreover, rise in energy efficient projects and increase in focus on non-aviation related revenue are expected to provide potential growth opportunities for the market. Some of the key players operating in the airport stands equipment market that are profiled in the report include Aero Specialties, Inc., Airport Equipment, FMT Aircraft Gate Support Systems AB, Textron Inc., JBT Corporation, Cavotec SA, ThyssenKrupp AG, ADELTE Group S.L., HDT Global, and ShinMaywa Industries, Ltd. The market players have adopted various growth strategies to enhance their product portfolio and market penetration, as well as they are launching new products to increase their customer base and to cater to the growing demands of the consumers. For instance, in 2015 Cavotec SA launched Series 2500+ ground power unit, which meets the power load requirements of passenger aircraft. Furthermore, factors such as rapid development and expansion of airports in the developing countries such as India and China creates numerous opportunities for the market growth in Asia-Pacific.
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