Global Airport Services Market Size study & Forecast, by Airport Type(International, Domestic) by Application ( Aeronautical Services, Non-Aeronautical Services), by Infrastructure Type(Greenfield Airport, Brownfield Airport) and Regional Analysis, 2022-2

Global Airport Services Market Size study & Forecast, by Airport Type(International, Domestic) by Application ( Aeronautical Services, Non-Aeronautical Services), by Infrastructure Type(Greenfield Airport, Brownfield Airport) and Regional Analysis, 2022-2029

Global Airport Services Market is valued at approximately USD 89.87 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.80% over the forecast period 2022-2029. Airport services are any services offered to airlines by an airport or one of its affiliates to ensure the handling of aircraft from the time of landing to the time of takeoff, as well as of passengers and cargo, allowing airlines to offer air transport services, including the provision of ground handling services and the provision of centralised ground handling infrastructure; The major areas of business opportunity here are passenger handling (customer service tasks) and floor management (freight and cargo/delivery, flight control, and other tasks). The Airport Services market is expanding because of factors such as developments in modernization of the airport and increased passenger traffic and congestion.

Rising government investment in the development of airport infrastructure is further catering to market growth. For instance, The Airports Authority of India (AAI) stated in December 2021 that they have invested over USD 3.5 billion in the following five years to renovate and expand current facilities. The funding comes from a variety of revitalizing initiatives done by the Indian Ministry of Civil Aviation to lessen the significant interruptions brought on by the COVID-19 epidemic in 2020 and 2021. In addition, The International Air Transport Association (IATA) expects overall air traveller numbers to reach 4.0 billion in 2024. From the same source, it has been found that the total number of travellers in 2021 was 47% higher than in 2019. It is anticipated that by 2022, 83%, which is expected to reach 94% by the year 2023, 103% by the year 2024, and 111% by the year 2025. Thus rising air traffic in the aviation industry is favoring market growth. In addition, the rise in the number of airports and the refurbishment of existing airport infrastructure, the adoption of artificial intelligence technology in modern Airports is creating lucrative growth in the market. However, the high cost of Airport Services stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Airport Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of key market players, and rising passenger traffic in the region, and rising government support for the development of airport. Whereas Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as airport development activities.

Major market player included in this report are:
Beijing Capital International Airport Co. Ltd.
Fraport AG Frankfurt Airport Services Worldwide
Air General Inc
Dnata
Worldwide Flight Services
S.A.S Services Group Inc
LHR Airport Limited
Acciona
Signature Flight Support
Tokyo International Air Terminal Corporation

Recent Developments in the Market:
In March 2021, dnata and Cebu Pacific Air (CEB) have increased their long-standing collaboration. Along with the recent multi-year extension of an airport service agreement at Sydney Airport (SYD), dnata has also agreed to offer the airline a variety of ground handling services at Melbourne Airport and Singapore Changi Airport.
In March 2022, Eve UAM and Acciona launched strategic cooperation. Acciona will invest USD 30 million and join the group of strategic investors who are currently supporting the development of Eve and its business plan, as per the conditions of the agreement of Eve's business combination with Zanite Acquisition Corp.

Global Airport Services Market Report Scope:

Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Airport Type, Application, Infrastructure type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Airport Typeofferings of key players.

The detailed segments and sub-segment of the market are explained below:

By Airport Type:
International
Domestic

By Application:
Aeronautical Services
Non-Aeronautical Services

By Infrastructure:
Greenfield Airport
Brownfield Airport

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Beijing Capital International Airport Co. Ltd.
Fraport AG Frankfurt Airport Services Worldwide
Air General Inc
Dnata
Worldwide Flight Services
S.A.S Services Group Inc
LHR Airport Limited
Acciona
Signature Flight Support
Tokyo International Air Terminal Corporation

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