Throughout the forecast years until 2033, the global passenger boarding bridge market is anticipated to develop at a CAGR of 8%. In 2023, the net worth of all available passenger jet bridges for sale globally is estimated to be USD 2.05 billion. The passenger boarding bridge market analysis report by FMI further predicts the market valuation to reach USD 4.43 billion by 2033.
The sales of passenger boarding bridges are growing at an accelerated rate due to the commuter’s preference for air travel these days. Moreover, air travel service providers are developing their business around luxury travel options boosting the demand for glass passenger boarding bridges. Also, the increasing demand for big aircraft and the rising number of airport projects are projected to stimulate the market further.
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However, increased airport operator spending on airside infrastructure and rising security concerns may slow down the adoption of automated passenger boarding bridges. On the other hand, it is further anticipated that the sales of passenger boarding bridges may remain limited due to their prolonged life cycle by better materials.
With the growing desire for automation at airports, the demand for boarding bridges with hydraulic elevation systems is growing over conventional ones. Airport authorities are also preferring less-pollution alternatives like boarding bridges made out of biodegradable materials to make the airports eco-friendly. Leading passenger boarding bridge manufacturers are actively focusing on these areas to increase their group of customers.
Key Takeaways from the Passenger Boarding Bridge Market Study Report
- The United States is anticipated to remain the leading country across the global boarding bridge market through 2023 & beyond.
- Regionally, Europe, with a higher percentage of air traffic, is expected to be a lucrative market for the manufacturers followed by North America. Europe’s passenger boarding bridge market was assessed to have contributed more than 25% of global sales in 2022.
- The demand for Moveable and Mobile Telescopic Passenger Boarding Bridge Increasing at a faster rate than in 2022 and preceding years.
- Based on structure, the glass-walled passenger boarding bridges with hydraulic system is gaining higher traction.
Competitive Landscape for the Passenger Boarding Bridge Market Players
The global market is competitive, with ThyssenKrupp, Mitsubishi Heavy Industries, ShinMaywa Industries, ADELTE Group, and FMT Sweden being the top market participants. They are trying to get a footing in the regional markets through strategic collaborations and acquisitions besides setting up local fabrication and assembly facilities.
Leading passenger boarding bridge manufacturers are investing in innovation and automation to stay ahead in the global market turning competitive. Besides this, extensive research and development activities and public investments are expected to create growth opportunities for new market players.
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Recent Developments by the Passenger Boarding Bridge Manufacturing Industries
In order to operate autonomous jet bridges in the Netherlands, China International Marine Containers Co. Ltd. obtained a contract in September 2020. Three cruise ports in the United States contracted ADELTE Group in March 2019 to provide six seaport passenger boarding bridges.
An Airport in Spain ordered 42 new boarding bridges in August 2019 that were to be installed by Thyssenkrupp under a contract. The upkeep and maintenance of 122 airplane jet bridges and the renovation of an additional 10 were also included in the deal. Both parties are expected to benefit from establishing this long-term commercial partnership as a result.
