The global airport services market is estimated to register a CAGR of nearly 6.5% during the forecast period.
Airport Services Market Market Highlights
Global Airport Services Market Research Report: Information by Service Type (Aircraft Handling and Related Services [Ramp Services, Runway Maintenance, and Others], Hospitality Event Services [Baggage Handling Services, Catering Services, Passenger Parking Fields, and Others], and Cargo Handling Services [Cargo Operations and Ground Support Services]), Airport Type [Civil Airports, Military/Federal Government Airports, and Private Airports], and Region (North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America) — Forecast till 2025
The growth of the global airport services market can be attributed to the increasing modernization of existing airports, developments in commercial aviation, and the establishment of new airports. The global market has been segmented on the basis of service type, airport type, and region.
Based on service type, the global airport services market has been divided into aircraft handling and related services, hospitality event services, and cargo handling services. The hospitality event services segment is expected to account for the largest share of the global market and register the highest CAGR between 2019 and 2025. The rising number of smart airports and use of digital-based services at smart airports are expected to boost the growth of the hospitality event services segment during the forecast period.
Free sample report here: https://www.marketresearchfuture.com/sample_request/8395
In terms of airport type, the market has been divided into civil airports, military/federal government airports, and private airports. The civil airports segment dominated the market in 2018 and is expected to register the highest CAGR during the forecast period due to advanced facilities, such as baggage handling and cargo handling, provided by the airport authorities.
Based on region, the global airport services market has been classified as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific was a key region for this market in 2018. The presence of various airport service providers such as Beijing Capital International Airport Co., Ltd, SATS Ltd, and Malaysia Airports Holdings Berhad is propelling the market growth in the region. However, the market in Europe is expected to register the highest CAGR during the forecast period due to the growing demand for airport services such as baggage handling services and runway maintenance. Additionally, increasing passenger traffic at airports in countries such as the UK and Germany is boosting the market growth in the region.
Key Players
The key players in the global airport services market are Fraport Frankfurt Airport Services (Germany), Aeroports de Paris SA (France), Tav Havalimanlari Holding AS (Turkey), Japan Airport Terminal Co., Ltd (Japan), BBA Aviation plc (UK), Beijing Capital International Airport Co., Ltd (China), SATS Ltd (Singapore), Auckland International Airport Ltd (New Zealand), Flughafen Wien AG (Austria), and Malaysia Airports Holdings Berhad (Malaysia).
Brows full report here: https://www.marketresearchfuture.com/reports/airport-services-market-8395
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]
The global airport services market size is predicted to reach USD 232.88 billion by 2027, exhibiting a CAGR of 16.66% during the forecast period.
Moreover, the surge in air traffic passengers will incite the progression of airport services, which in turn, will aid the expansion of the market in the forthcoming years, states Fortune Business Insights in a report, titled "Airport Services Market Size, Share & COVID-19 Impact Analysis, By Type (International, and Domestic), By Application (Aeronautical Services, Non-Aeronautical Services), By Infrastructure Type (Greenfield Airport, Brownfield Airport), and Regional Forecast, 2020-2027" the market size stood at USD 172.19 billion in 2019.COVID-19 Impact Analysis:The emergence of COVID-19 has brought the world to a standstill.
We understand that this health crisis has brought an unprecedented impact on businesses across industries.
Rising support from governments and several companies can help in the fight against this highly contagious disease.
Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics.
For instance, Hardeep Singh Puri, civil aviation ministry announced the investment of Rs 1 lakh crore in the airport infrastructure sector in the next five years.
