According to a recent report published by Allied Market Research, titled, “Airport Stands Equipment Market by Stand and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global airport stands equipment market was valued at $3.97 billion in 2020, and is projected to reach $7.22 billion by 2030, registering a CAGR of 6.4%.

North America dominates the market, in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global airport stand equipment market share in North America in 2020, owing to increase in R&D activities, technological developments by key players, and rapid adoption of innovative technologies in making reliable airport stand equipment. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in air traffic across several Asian nations, for instance, China, India, Japan, and South Korea.

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By stands the airport stands equipment market is segregated into engine access, landing gear access, wheel, aircraft entry, cabin interior, and others. The aircraft entry segment accounted for the highest revenue in 2020, owing to increase in demand for airport stands equipment that are used for various applications at the airports.

Depending on application, the airport stands equipment market is segmented into aircraft operations and maintenance, repair, & overhaul (MRO). The aircraft operations segment was the highest revenue contributor in 2020, owing to increase in demand for airport stands equipment, which are used for numerous operations at the airport.

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COVID-19 Impact Analysis

The COVID-19 impact on the airport stand equipment market is unpredictable, and is expected to remain in force for a few years.
The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban on import–export of raw materials for most of 2020 & few months in 2021. This led to sudden fall in the availability of important raw materials for manufacturing airport stand equipment.
Moreover, nationwide lockdown forced airport equipment manufacturing facilities to partially or completely shut their operations.
Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of advanced airport stands equipment globally.

Key Findings Of The Study

By stand, the others segment, is expected to register a significant growth during the forecast period.
Depending on application, the maintenance, repair, & overhaul (MRO) segment is anticipated to exhibit significant growth in future.
Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

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The key players that operate in the global airport stands equipment market include Aero Specialities, Dedienne Aerospace, Fabrication Authorities International, Inc., HHI Corporation, Hydro System KG, JETechnologies Solutions Inc. (JSI), OEM Group Pty Ltd., Semmco Ltd., Waag Aircraft, and Wildeck, Inc

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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