LAMEA Airport Stand Equipment Market Size, Share & Industry Trends Analysis Report By Stands (Aircraft Entry, Wheel, Landing Gear Access, Engine Access, Cabin Interior and Others), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Airport Stand Equipment Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).
To ensure a smooth transition from the ground to the air for travelers, airport stands in combination with airport gates work in tandem. They play a crucial role in all aspects of airport terminal operations, such as airline pre- and post-flight operations. For passengers who can only enter the area with a boarding card and a gate number, an airport gate is a location where flights board or disembark.
Before pre-flight boarding, travelers congregate in a designated section of the airport terminal building. Passengers can enter the aircraft parked on the stand via a jet bridge, and a gate normally serves the closest stand outside the terminal. A gate can be used for both remote and open stands. Passengers must depart the gate onto the apron before using the jet stairwell in the open stands to board the aircraft. The distance between the gate and the aircraft parking space must be traveled by ground for passengers boarding from far stands.
The market is expanding as a result of factors such as the rise in international freight and passenger traffic, improvements at airports, and technological breakthroughs in airport stand equipment. Moreover, the population of the working and middle classes has grown significantly in high-population several nations, which has a favorable effect on the income and living standards of each economic class.
The civil aviation sector is a key contributor to the UAE’s economy. In 2019, the International Air Transport Association estimated that the aviation transport sector endorsed nearly 800,000 jobs and made a significant contribution of $47.4 billion to the yearly Gross Domestic Product ($19.3 billion) from airlines, approximately 13.3% of the UAE’s GDP. Moreover, according to the International Trade Administration, the UAE has four main passenger aviation carriers, namely Dubai-based Emirates Airline, Abu Dhabi-based Etihad Airways, flydubai, and Sharjah-based Air Arabia.
The China market dominated the Asia Pacific Airport Stand Equipment Market by Country in 2021; thereby, achieving a market value of $456 million by 2028. The Japan market is experiencing a CAGR of 6.2% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 7.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
- Aircraft Entry
- Landing Gear Access
- Engine Access
- Cabin Interior
- Aircraft Operations
- Maintenance, Repair, & Overhaul (MRO)
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Aero Specialities
- Dedienne Aerospace
- Fabrication Authorities International, Inc.
- HHI Corporation
- Hydro System KG
- JETechnologies Solutions Inc.
- OEM Group Pty Ltd.
- Semmco Ltd.
- Waag Aircraft
- Wildeck, Inc.
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