The Asia Pacific Airport Stand Equipment Market would witness market growth of 6.8% CAGR during the forecast period (2022-2028).
As per their size, airport stands are divided into three classes. General aviation and smaller commercial aircraft often use modest stands. Small stand types with road access for an emergency vehicle and a fuel truck can be set aside for a regional airline at smaller airports. Due to their small size, two ramp personnel can staff them. The structure type can be asphalt, concrete, or grass.
Medium airport stands are designed to hold narrow-body commercial aircraft, and they are frequently reserved for a particular model. A taxi-point that extends to the stand, a mobile jet bridge, a road connection for commercial and utility service vehicles, a security station, as well as a vehicle depot or packing are all common features of a typical medium stand. There are four ramp agents in charge of the operation, and the build type can be either concrete or asphalt.
Large stands are constructed to support both narrow-body and wide-body commercial flights. They might be devoted to a certain airline, but this is unusual. With an average team of six ramp agents, large stands feature the same amenities and building types as medium stands. Two food trucks and one vehicle for each business service are considered service vehicles.
The freight traffic in India is growing significantly as the country is developing at a very rapid rate. According to the Indian Brand Equity Federation, freight traffic grew at a CAGR of 2.52% between FY16 and FY22, rising from 2.70 MMT to 3.14 MMT. By FY40, India's airports may handle 17 MT of freight traffic. 1,757,112 aircraft movements were made during FY22. The Indian government has been aiming to build more airports within the country in order to manage increased aviation traffic. India had 129 active airports as of 2022. India plans to have between 190 and 200 operational airports by FY40.
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 estimated to witness a CAGR of 6.2% during (2022 - 2028). Additionally, The India market would showcase 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Airport Stand Equipment Market is Projected to reach USD 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.
By Stands
By Application
By Country
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