Passenger Boarding Bridge Market Set to Reach USD 4.43 Billion by 2033, with 8% CAGR Growth | FMI Reports

Passenger Boarding Bridge Market
Passenger Boarding Bridge Market

The global passenger boarding bridge market is expected to grow at a Compound Annual Growth Rate (CAGR) of 8% through 2033. In 2023, the market is valued at USD 2.05 billion, with projections to reach USD 4.43 billion by 2033, according to an analysis report by FMI.

This growth is primarily driven by the increasing popularity of air travel and a shift by air service providers towards luxury travel options, leading to a rise in demand for glass passenger boarding bridges. The expansion of large aircraft fleets and new airport construction projects are also contributing to the market’s upward trajectory.

Despite these positive trends, the market faces challenges, such as increased investment in airside infrastructure by airport operators and concerns about security, which could slow the adoption of automated boarding bridges. Additionally, advancements in materials have extended the life cycle of boarding bridges, potentially limiting the frequency of new purchases.

However, the growing trend toward airport automation is driving demand for boarding bridges with hydraulic elevation systems, which are seen as more efficient than traditional models. Moreover, the preference for eco-friendly solutions, such as boarding bridges made from biodegradable materials, is gaining momentum as airports aim to reduce pollution. Leading manufacturers are focusing on these innovations to broaden their customer base and strengthen their market position.

In-Depth Market Analysis: A Complete Report

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.

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.

Key Segmentations

Passenger Boarding Bridge Industry by Model Type:

  • Telescopic Bridges
  • Apron Drive Bridge
  • Dual Boarding Bridge System
  • Commuter Bridge
  • Over-the-wing Bridge
  • Nose-loader Bridge
  • T-Bridges

Passenger Boarding Bridge Industry by Structure:

  • Steel-walled Boarding Bridge
  • Glass-walled Boarding Bridge
  • Glass-steel-walled Boarding Bridge

Passenger Boarding Bridge Industry by Foundation:

  • Fixed Boarding Bridge
  • Movable Boarding Bridge

Passenger Boarding Bridge Industry by Tunnel Type:

  • Air-conditioned Tunnel
  • Non Air-conditioned Tunnel

Passenger Boarding Bridge Industry by Docking Type:

  • Manual Docking System
  • Intelligent Docking System

Passenger Boarding Bridge Industry by Drive or Elevation System:

  • Hydraulic System
  • Electro-Mechanical System

Passenger Boarding Bridge Industry by Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa(MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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