The Europe Airport Stand Equipment Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).
In order to accommodate smaller low-cost and regional airlines that cannot afford the additional costs of airport terminal amenities, like jet bridges, remote stands are also a typical sight in busy, large airports. They are airplane parking locations placed further away from the gate when passengers after finishing the boarding process are brought by bus to board their plane.
Due to the frequent shortage of jet bridges throughout peak landing hours forcing the passengers on freshly arriving aircraft to stand on the ground until a jet bridge becomes available, remote stands help reduce turnaround time at huge international airports. There is usually a remote stand available, and passengers can exit the plane swiftly and take an airport shuttle bus to the terminal.
Similar to regular airport stands, remote stands are serviced by standard airport utilities. These include the runway, taxiway, gate exits, and service road that connects the stand to the airport terminal. A security zone, stairs, and pushback vehicle, as well as a shuttle bus stop with a parking facility for airside shuttle buses, utility vehicles, and service cars. Smaller airports have open stands in which passengers can go from the airport terminal or board the airplane via a jet staircase. In both large and small airports, VIPs and dignitaries are welcomed on an open stand.
The European aviation industry is massive and robust. According to the ABBB, 13.5 million jobs and $991 billion in economic activity are supported by air travel in Europe. In 2018, that equates to 3.6% of all jobs and 4.4% of all GDP throughout Europe. Each individual who works directly in the aviation industry or in tourism that is made possible by aviation supports four more employment outside of Europe. Similarly, for every dollar directly generated by the aviation industry elsewhere in Europe, $3.00 worth of economic activity was supported. In Europe, the aviation industry reportedly directly employed 2.7 million people in 2018.
The Germany market dominated the Europe Airport Stand Equipment Market by Country in 2021; thereby, achieving a market value of $381.9 million by 2028. The UK market would exhibit a CAGR of 4.7% during (2022 - 2028). Additionally, The France market is anticipated to grow at a CAGR of 6.4% during (2022 - 2028).
Based on Stands, the market is segmented into Aircraft Entry, Wheel, Landing Gear Access, Engine Access, Cabin Interior and Others. Based on Application, the market is segmented into Aircraft Operations and Maintenance, Repair, & Overhaul (MRO). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Airport Stand Equipment Market will Hit $5.8 Billion by 2028, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aero Specialities, Dedienne Aerospace, Fabrication Authorities International, Inc., HHI Corporation, Hydro System KG, JETechnologies Solutions Inc., OEM Group Pty Ltd., Semmco Ltd., Waag Aircraft and Wildeck, Inc.
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