Boarding Bridges Industry Insights: Market Statistics and Forecasts

Posted by Amrut Mahajani on April 19th, 2024

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The global Passenger Boarding Bridges Market is witnessing robust growth, driven by factors such as the high demand for large aircraft, increasing airport projects, and enhanced spending on airside infrastructure. This market research report provides a comprehensive analysis of the Passenger Boarding Bridges Industry, including market statistics, size, trends, and key drivers and restraints.

Market Size and Growth

The Passenger Boarding Bridges Market is projected to grow from USD 273 Million in 2020 to USD 489 Million by 2025, at a CAGR of 12.3% from 2020 to 2025. This growth is fueled by the increasing demand for large aircraft, rising passenger traffic, and expansion projects at airports globally.

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Market Trends

COVID-19 Impact: The COVID-19 pandemic has adversely affected the aviation industry, resulting in a temporary dip in passenger boarding bridges orders and installations. However, the market is expected to recover gradually, with slow recovery anticipated in Q1 of 2021. Despite short-term challenges, the long-term outlook for the Passenger Boarding Bridges Market remains positive, driven by the resilience of the aviation sector and increasing investments in airport infrastructure.

High Demand for Large Aircraft: The growing passenger traffic has led to an increased demand for large aircraft. Airlines are investing in larger aircraft such as the Boeing 747-8 and the Airbus A380 to accommodate more passengers per flight. This trend has necessitated the use of passenger boarding bridges to efficiently board and disembark passengers, thereby driving the market growth.

Market Drivers

Increasing Passenger Traffic: According to IATA, air passenger travel has grown at an average rate of 5% in the last two decades and is projected to continue growing in the future. The rise in passenger traffic, particularly in regions like Asia Pacific and Europe, is driving the demand for passenger boarding bridges to facilitate efficient boarding and disembarkation processes.

Market Restraints

Long Life Cycle of PBBs: Passenger boarding bridges typically have a lifespan of 15 to 20 years, which can restrain market growth. Airport authorities often opt for refurbishment of existing PBBs due to lower costs compared to purchasing new ones. The long life cycle of PBBs limits the frequency of new installations, impacting market growth in the short term.

Market Opportunities

Public-Private Partnerships (PPP) for Airside Operations: PPPs present opportunities for financing airport infrastructure projects, including the installation of passenger boarding bridges. PPP airports have demonstrated success in enhancing revenue, improving customer satisfaction, and driving innovation in airport operations. The PPP model enables airports to leverage private sector expertise and resources to deliver efficient and cost-effective solutions for airside operations.

Market Segmentation

The Study Categorizes the Passenger Boarding Bridges Market Based on Elevation System, Product Type, Tunnel Type, Docking Type, Foundation, Structure, Point of Sale, Seaport, and Region:

By Elevation System:

  • Hydraulic
  • Electro-Mechanical

By Product Type:

  • Apron Drive
  • Commuter Bridges
  • Nose-loader bridges
  • T-bridges
  • Over-the-Wing Bridges

By Tunnel Type:

  • Air-conditioned
  • Un-Air-Conditioned

By Docking Type:

  • Manual
  • Intelligent

By Foundation:

  • Fixed
  • Movable

By Structure:

  • Glass-Walled
  • Steel-Walled
  • Glass-Steel-Walled

By Point of Sale:

  • OEM
  • Aftermarket

By Seaport:

  • Seaport

By Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East
  • Latin America
  • Africa

Market Challenges

High Cost of Training and Lack of Skilled Personnel: Operating passenger boarding bridges requires specialized training and certification. Finding skilled personnel proficient in PBB operation is challenging, and the high cost of training incurs additional expenses for airlines and ground handling staff. Ensuring safe and efficient PBB operation remains a challenge, highlighting the need for ongoing training and development initiatives.

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Market Ecosystem and Regional Analysis

The Passenger Boarding Bridges Market is dominated by key players such as ThyssenKrupp AG, John Bean Technologies Corp. (JBT), CIMC Ltd., FMT Aircraft AB, and ADELTE Group. North America is projected to lead the market during the forecast period, driven by mature airport infrastructure and ongoing investments in R&D.

The global Passenger Boarding Bridges Industry is poised for significant growth, driven by increasing passenger traffic, airport expansion projects, and investments in airside infrastructure. Despite short-term challenges posed by the COVID-19 pandemic and the long life cycle of PBBs, the market outlook remains positive. Leveraging trends such as the high demand for large aircraft and opportunities presented by PPPs will be crucial for stakeholders to capitalize on market growth and drive innovation in the Passenger Boarding Bridges Industry.

This market research report provides valuable insights for manufacturers, suppliers, investors, and policymakers, enabling informed decision-making and strategic planning in the Passenger Boarding Bridges Market. By understanding market dynamics and addressing key challenges, stakeholders can position themselves for success and contribute to the advancement of airport infrastructure and airside operations globally.

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(Image Credit: ADELTE Group S.L.)

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Amrut Mahajani

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Amrut Mahajani
Joined: January 30th, 2023
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