0
2022
Airport Stand Equipment Market

Airport Stand Equipment Market

by Stand (Engine Access, Landing Gear Access, Wheel, Aircraft Entry, Cabin Interior, and Others) and Application (Aircraft Operations and Maintenance, Repair, & Overhaul (MRO)): Global Opportunity Analysis and Industry Forecast, 2021-2030

✷  Report Code: A00922
Pages: 218
Feb 2022 | 15416 Views
Author(s) : Himanshu J , Sonia M
Tables: 85
Charts: 45
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Airport Stand Equipment Market Statistics 2030 -

The global airport stands equipment market was valued at $3.97 billion in 2020, and is projected to reach $7.22 billion in 2030, registering a CAGR of 6.4%.    

The rapid spread of COVID-19 had a significant impact on the global airport stands equipment market in 2020, owing to the implementation of strict lockdown measures, and the grounding of aircraft across the world. COVID-19 pandemic led to several challenges for the aviation sector including logistics challenges, supply-demand gap, among others. On the other hand, the airport stands equipment manufacturers had to reduce expansion and investments to withstand the decline in revenue and operating performance of the airline industry. The reduced demand for airport stands equipment for lightweight and heavyweight aircraft were observed throughout the year, and is expected to continue for a few years.

Airport stand equipment are the maintenance or predetermined stands used at airports during maintenance of aircraft or arrival & departure of flights. Engineers and other maintenance professionals can use these platforms or stands to safely access the aircraft and perform routine maintenance and inspections. In addition, these equipment are used to ensure efficient operation of flights, provide adequate safety & comfort to passengers and airport staff, and ensure smooth functioning of all aircraft-related operations on the ramp. This equipment plays a key role in aircraft mobility, ground power operations, and cargo or passenger loading operations.

Airport-Stands-Equipment-Market

Factors such as increase in global freight & passenger traffic, upgrades at airports, and technological advancements in airport stands equipment drive the growth of the market. However, increase in expenses of low-cost operators and long service life of airport stand equipment are expected to hamper the market growth. On the contrary, countries with a high population base such as China, India, Russia, and Brazil have witnessed significant growth in working & middle-class population, which positively impact the income level and living standard of economic class. This is projected to fuel the occupancy of airlines in the near future. Proactive government support for infrastructural spending at airports and an increase in focus on non-aviation-related revenue are expected to create major opportunities for market expansion during the forecast period.

The airport stands equipment market is segmented into stand and application. By stand, the market is classified into engine access, landing gear access, wheel, aircraft entry, cabin interior, and others. On the basis of application, the market is categorized into aircraft operations and maintenance, repair, and overhaul (MRO). Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). 
 
The key players profiled in this report include Aero Specialities, Dedienne Aerospace, Fabrication Authorities International, Inc., HHI Corporation, Hydro System KG, JETechnologies Solutions Inc. (JSI), OEM Group Pty Ltd., Semmco Ltd., Waag Aircraft, and  Wildeck, Inc.

Rise In Global Freight And Passenger Traffic

Global freight transport is a key component in the trade of goods and materials. Increase in transportation of pharmaceuticals, medical equipment, & personal protective equipment as well as sudden rise in price of shipping positively impact the air freight traffic. According to the International Air Transport Association (IATA), the demand for air cargo increased by 6.9% in 2021, compared to 2019 (pre-covid levels) and 18.7% compared to 2020, following a strong performance in December 2021, and is expected to continue increment in the upcoming year. This rise in global freight operations creates demand for regular maintenance of cargo aircraft and loading stands or platforms, which simultaneously creates demand for airport stand equipment. 

Moreover, surge in international tourism has led to the construction of new airports and expansion of existing ones. Furthermore, according to the International Civil Aviation Organization (ICAO), by 2035, passenger traffic and freight volume will double. Factors such as rise in disposal income of the middle-class population and the emergence of low-cost airlines have led to increase in number of airline passengers. With surge in number of airline passengers, the demand for new aircraft and number of flights have increased at a significant rate. Such increase in demand for aircraft & flights propels the growth of the airport stands equipment market.

Airport Stand Equipment Market
By Stands

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Others is projected as the most lucrative segment

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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 across the globe 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. For instance, in February 2022, the Government of Canada provided the Regina International Airport with $2.6 million for critical infrastructure projects. In addition, Minister of Transport, the Honourable Omar Alghabra, announced funding of around$16 million to help the Regina International Airport. 

Furthermore, the developing countries such as China and India have heavily invested in upgrading their airport infrastructure, which, in turn, is expected to fuel the demand for airport stand equipment. For instance, in October 2019, the Indian Government planned to open 100 additional airports in the upcoming years, as part of a plan to revive economic growth in Asia’s third largest economy. The government has committed investments of $13 billion (₹1 trillion) to build airports. 

Airport Stand Equipment Market
By Application

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Maintenance, Repair and Overhaul (MRO) is projected as the most lucrative segment

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Long Service Life Of Airport Stand Equipment

Materials used for airport equipment are high-grade materials. Aircraft maintenance and engine access stands use aluminum as ladder material and steel as a frame material. Aluminum alloys are the most used materials in the aerospace industry, as they provide high strength & ductility, high corrosion resistance, high processability, and long life. For instance, the DF071554-06 aircraft maintenance and engine access stand is made up of high-grade aluminum and steel material. Moreover, several manufacturers use composite materials as aircraft stand equipment material, as they are more effective and resourceful than traditional nonrenewable materials. In addition, they exhibit properties such as corrosion resistance, impact resistance, nonmagnetic nature, and high durability as per composition. For instance, Fabrication Authorities International, Inc. (FAI) uses FRP composite for aircraft maintenance stands such as B1 Aircraft Maintenance Platform, due to its high strength, durability, and weighs less than 1/2 of its steel counterpart. Increase in operational efficiency of airport stand equipment due to its longer service life, lesser repair, and maintenance issues, and lower life cycle costs are expected to hinder the market growth.

Rise In Focus On Non-aviation-related Revenue

Non-aviation revenue is the source of future expansion projects of airports. Duty-free shops at airports sell high-end luxury goods, which include jewelry, cosmetics, alcohol, and confectionery items. The profits gained from the sale of these duty-free products reduce the  reliance of airports on aeronautical revenues. In addition, such retail shops present at airports diversify the tax base of airports. The income generated from such shops caters to the procurement of maintenance stands, aircraft access stands, and passenger ramps.

Airport Stand Equipment Market
By Region

2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 8.2% during 2021-2030.

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Covid-19 Impact Analysis 

  • The COVID-19 impact on the airport stand equipment market is unpredictable, and is expected to remain in force for a few years. 
  • The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import–export of raw materials for most of 2020 & few months in 2021. This led to sudden fall in the availability of important raw materials for manufacturing airport stand equipment.
  • Moreover, nationwide lockdown forced airport equipment manufacturing facilities to partially or completely shut their operations.
  • Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of advanced airport stand equipment globally.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global airport stand equipment market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall airport stand equipment market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the global airport stand equipment market with a detailed impact analysis.
  • The current airport stand equipment market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Airport Stand Equipment Market Report Highlights

Aspects Details
By Stands
  • Engine Access
  • Landing Gear Access
  • Wheel
  • Aircraft Entry
  • Cabin Interior
  • Others
By Application
  • Aircraft Operations
  • Maintenance, Repair, & Overhaul (MRO)
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
By KEY PLAYERS
  • Aero Specialities
  • Dedienne Aerospace
  • Fabrication Authorities International, Inc. (FAI)
  • HHI Corporation
  • Hydro System KG
  • JETechnologies Solutions Inc. (JSI)
  • OEM Group Pty Ltd.
  • Semmco Ltd.
  • Waag Aircraft
  • Wildeck, Inc.
 

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The airport stand equipment market is expected to witness significant growth, as the  number of passengers increases, resulting in increase in number of airlines being run by operators. This, in turn, fuels the demand for airport stand equipment such as aviation ladders, passenger stairs, and passenger ramps. Moreover, the requirement of regular maintenance of aircraft to extend aircraft life and ensure performance safety during operation create demand for maintenance stands or platforms such as aircraft access stands and aviation platform stands.

The airport stand equipment market is highly fragmented and competitive, owing to the presence of well-diversified international and regional vendors. However, rise in presence of international vendors impedes the growth of small domestic players, as they are unable to meet the standards of the global players in terms of quality and cost-effectiveness. On the contrary, surge in adoption of airport stand equipment is anticipated to fuel the market growth in regions such as North America, Europe, and Asia-Pacific, owing to rise in air traffic. In addition, increase in demand for renovation of airports is anticipated to offer lucrative opportunities to the players operating in the airport stand equipment.

The key players profiled in this report include Aero Specialities, Dedienne Aerospace, Fabrication Authorities International, Inc., HHI Corporation, Hydro System KG (Hydro Aero), JETechnologies Solutions Inc. (JSI), OEM Group Pty Ltd., Semmco Ltd., Waag Aircraft, and Wildeck, Inc.

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FREQUENTLY ASKED QUESTIONS?

A. The global airport stands equipment market valued at $3.97 billion in 2020, and is projected to reach $7.22 billion by 2030, registering a CAGR of 6.4% between 2021 and 2030

A. Rise in demand for airport stands equipment amid rise in domestic air travel globally

A. The report sample for global airport stands equipment market report can be obtained on demand from the website

A. Engine access, landing gear access, wheel, aircraft entry, and cabin interior stand equipment are the different type of airport stands equipment

A. Airport stands equipment are used for numerous aircraft operations and maintenance, repair, and overhaul (MRO) applications

A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated

A. By stands, the aircraft entry stands held the highest market share in 2020

A. The leading companies operating in the airport stands equipment market are Aero Specialities, Dedienne Aerospace, Fabrication Authorities International, Inc., and HHI Corporation

A. Increase in modernization of airports throughout the world

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