New York, NY -- (SBWIRE) -- 06/15/2017 -- Passenger Stairs: Market Introduction
According to the United Nations, fifty percent of the global population lives in cities and the number is expected to reach up to seventy percent by the next 40 years. Eventually, people will need better transportation to commute from one city to another, which will drive the demand for aircrafts along with an increase in the demand for ground support equipment (i.e. passenger staircase). Passenger staircases are used by ground handling staff at airports to facilitate boarding and departure of passengers to and from an aircraft.
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Over the years, the passenger staircase has become an important equipment in handling passengers movement at airports. Some budget airlines use passenger stairs instead of airstairs or aerobridges to reduce the cost and turnaround time. Unlike traditional staircases, these staircases are ergonomically designed and reliable for long term ownership. Such staircases are safe, efficient, stable and efficient for the long run. Additionally, a variety of these passenger stairs are diesel powered due to strict emission norms in European countries.
Owing with the increasing emission standards for the aviation industry, HKAI (Hongkong International Airport) uses solar powered passenger staircases and electric loaders by JATS (Jardine Air Terminal Services). Additionally, companies such as Darmec Technologies Srl are designing ground support equipment powered by diesel or electricity. Also, agencies regularly recommend and mandate conditions for ground support equipment. For instance, the California Environmental Protection Agency issued a new air regulation for ground support equipment, via the CARB (California Air Resources Board).
Passenger Stairs Market: Dynamics
Burgeoning number of airlines and airports are the primary factors expected to drive the passenger stairs market. Expansion of existing airports and advancement in technology are also projected to boost demand for the passenger stairs market. However, an increasing number of automated systems (aerobridge) are entering the market, which may hamper growth of the passenger stairs market.
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Passenger Stairs Market: Segmentation
Broadly, the passenger stairs market can be segmented on the basis of type: self-propelled and towable. The global passenger stairs market can be segmented on the basis of whether they are manually towed or powered by a diesel/petrol engine or electricity. Wherein, the self-propelled segment is estimated to dominate the global passenger staircase market in terms of volume over the forecast period, owing to fast movement of aircraft services. Also, the increase in demand for aircrafts in countries such as India, Brazil and China is growing steadily, which will eventually propel the passenger staircase market.
Additionally, the global passenger stairs market can be segmented by use as: military, airport and others (mining, construction). Application wise, the airport segment is estimated to grow at a high CAGR due to rising demand from airlines. The market for airports is large in Western Europe, Asia Pacific and North America, owing to the increase in expansions and rise in the number of airports.
Over the forecast period, the region-wise global passenger stairs market is expected to grow at significant rate owing to the increase in demand for airports. Key economies in the Asia-Pacific region that are expected to contribute largely to the growth of the market are South Korea, China, India and Japan. Europe and North America are forecasted to remain dominant markets over the forecast period.
Passenger Stairs: Market Participants
Examples of some market participants in the global passenger stairs market identified across the value chain include: Gate GSE, Denge Airport Equipment, TLD Group, Omega Industrial Products, Sitnar Corporation, Metal Solutions Design & Fabrication LLC, NMC Wollard Inc., FMC Technologies, Excel Group of Companies, TEC Huenert GmbH, Absolute GSE Inc.
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