Airport Grounding Equipment Market Expected to Worth $7.22 Billion Globally by 2030 at a CAGR of 6.4%: Allied Market Research

PORTLAND, Oregon., February 28, 2022 /PRNewswire/ — Allied Market Research recently released a report titled, Airport Stand Equipment Market by stand (engine access, landing gear access, wheel, aircraft entrance, cabin interior and others) and application (operation and maintenance, aircraft repair and overhaul (MRO)): analysis of global opportunities and Industry Forecast, 2021-2030 » According to the report, the global airport stand equipment industry was considered $3.97 billion in 2020, and should reach $7.22 billion by 2030, growing at a CAGR of 6.4% from 2021 to 2030.

Key Drivers of Market Growth

Rising global cargo and passenger traffic and modernization of airports have driven the growth of the global airport stand equipment market. However, the long service life of airport ground equipment is hampering the growth of the market. On the contrary, increased focus on non-aviation related revenue would open up new opportunities for market players in the future.

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Covid-19 scenario:

  • The Covid-19 pandemic has forced several governments to close their international airports and implement strict import-export regulations. This negatively affected the request for airport stand equipment.
  • The pandemic has disrupted the supply chain and created a shortage of raw materials. Additionally, the pandemic has resulted in the closure of manufacturing plants.

Aircraft entry segment dominated the market

By stands, the aircraft entrance segment held the largest share in 2020, accounting for almost a quarter of the global airport stand equipment market, owing to the increase in demand for airport stand equipment. airport for several airport applications. However, the cabin interior segment is estimated to register the highest CAGR of 8.2% during the forecast period.

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Maintenance, Repair and Overhaul (MRO) Segment to Show Highest CAGR through 2030

By application, the maintenance, repair and overhaul (MRO) segment is expected to show the highest CAGR of 7.8% from 2021 to 2030, driven by the increase in demand for maintenance services from aircraft. However, the aviation operations segment held the largest share in 2020, accounting for more than four-fifths of the global airport stand equipment market, owing to the increase in demand for airport stand equipment for different operations.

North America held the lion’s share

By Region, the Global Airport Grounding Equipment Market across North America dominated in 2020, accounting for more than two-fifths of the market, due to increasing R&D activities, rapid adoption of innovative technologies, and technological developments. However, the market through Asia Pacific is expected to register the highest CAGR of 8.2% during the forecast period, owing to the increase in air traffic in various Asian countries including China, India, Japanand South Korea.

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Main market players

  • Aero Specialties
  • Manufacturing Authorities International, Inc.
  • Dedienne Aerospace
  • Hydro System KG
  • HHI Company
  • OEM Group Pty Ltd.
  • JETechnologies Solutions Inc. (JSI)
  • Waag Plane
  • Semco Ltd.
  • Wildeck, Inc.

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Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumarthe CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.


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