HOME › Research Insight › New Product Launches Equipped with Advanced Technology and Long-Term Contracts are Among the Key Strategies Adopted by Leading Market Players to Catalyze Their Growth in the Passenger Boarding Bridge Market
New Product Launches Equipped with Advanced Technology and Long-Term Contracts are Among the Key Strategies Adopted by Leading Market Players to Catalyze Their Growth in the Passenger Boarding Bridge Market
In 2015, the passenger boarding bridge market was dominated by JBT Aero Tech (U.S.), Thyssenkrupp AG (Germany), CIMC Group Ltd (China), and Adelte Group S.L (Spain), among others. These companies are expected to continue their dominance till 2021.
Top two players of the passenger boarding bridge market
ThyssenKrupp AG operates its business through the following six segments: components technology, elevator technology, industrial solutions, materials services, steel Europe, and steel Americas. The elevator technology business area constructs and modernizes elevators, escalators, moving walks, stair & platform lifts, and passenger boarding bridges. ThyssenKrupp Airport Systems manufactures, installs, operates and maintains passenger boarding bridges, which are part of ThyssenKrupp Access Solutions, one of the five operating units at ThyssenKrupp AG. The company’s passenger boarding bridges are manufactured in technically advanced production plants, which are prepared for optimum material flow. These have been exclusively developed for building passenger boarding bridges. In 2014, the company established a preconditioned air hose management system called CNDL for grounded aircraft, which is a profitable airplane support equipment for airlines and airport operators. The company establishes collaborations and agreements with other companies to enhance its product portfolio and bring non-dilutive capital into the company. The company is focused on acquiring more contracts to expand its business globally.
John Bean Technologies Corp. (U.S.) is segmented into two reportable segments: JBT FoodTech and JBT AeroTech. JBT AeroTech (U.S.) is a leading supplier of gate equipment. Its Jetway passenger boarding bridges are being used by airlines and airport authorities to move passengers between the terminal building and the aircraft since 1959. Jetway passenger boarding bridges are available in a variety of configurations: A380, steel or glass truss, corrugated, tele radial, pedestal, electro-mechanic or hydraulic lift system. In 2014, John Bean Technologies Corp. was awarded a contract nearly worth USD 6 million to supply airside gate equipment for the expansion of Terminal 3 at Cancun, Mexico International Airport and as retro-fit components for existing gates. The orders include Jetway passenger boarding bridges, JetAire preconditioned air units and Jetpower 400 Hz ground power devices.
It is also important to note that companies such as CIMC Group Ltd. (China) and Adelte Group S.L. (Spain) have made significant contribution to the overall passenger boarding bridge market. These aforementioned companies, along with Shinmaywa Industries Ltd. (Japan) and MHI-Tes (Japan) are expected to witness significant growth in the coming years, primarily owing to new product launches, long-term contracts, and acquisition strategies adopted by them in the recent years.
Passenger Boarding Bridge Market by Application (Airport, Seaport), Drive System(Hydraulic, Electro-mechanical), Structure (Glass walled, Steel walled), Model (2 Tunnel, 3 Tunnel), Type (Fixed, Movable), Product and Region - Global Forecast to 2021
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