Airport Services Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Airport Services Market
The airport services market hit a value of USD 179.75 billion in 2023 and is expected to reach USD 570.12 billion by 2032 from USD 196.96 billion in 2024, exhibiting a CAGR of 14.21% over the forecast period from 2024 to 2032.
The airport services market size experienced a downturn in demand due to lockdowns caused by the COVID-19 epidemic. Significant employment losses resulted from this. The range of flights decreased by 60.2% from 2019 because of a 50% decline in passenger foot traffic and air connections, which had an impact on market length.
The airport services marketplace is experiencing growth pushed by the growing air and passenger site visitors, as well as increased shipment transportation. Airports are adopting superior floor help gadgets and electronic additives, further propelling marketplace growth.
As cities grow and people have more money to travel, airports are getting smarter. This means better experiences for passengers. Smart airports use things like automatic services, mobile operations, and real-time planning to run more smoothly. This trend is especially big in Asia Pacific, where passenger numbers are going up fast due to the expanding aviation industry.
Comprehensive Analysis of Specialty Fertilizers Market
Segmentation in the airport services market share is driving market because it allows companies to target specific customer groups with tailored services and solutions.The airport services market is segmented by airport type into international and domestic, by application into aeronautical and non-aeronautical services, and by infrastructure type into greenfield and brownfield airports.
North America leads the airport services market due to major players like S.A.S. Services Group, Inc. and Air General Inc. The region's large passenger traffic post-pandemic contributed to its significant market share and is expected to continue growing steadily.
The major players significantly influence the airport services market with their global presence and diverse offerings. Air General Inc. from the U.S., alongside other key players like S.A.S. Services Group, Inc., dominates the industry. Other notable players include Fraport AG Frankfurt Airport Services Worldwide from Germany, Beijing Capital International Airport Co. Ltd. from China, and dnata from the UAE. Additional contributors are Worldwide Flight Services from France, LHR Airports Limited from the U.K., Acciona from Spain, Signature Aviation plc also from the U.K., Tokyo International Air Terminal Corporation from Japan, Çelebi Aviation from Turkey, and Airports de Paris SA from France.
In November 2023, Dnata secured a multi-year contract with Juneyao Air at Milan Malpensa (MXP) Airport, signifying the company's expansion in passenger, ramp, and baggage handling services, contributing to market growth.
Segementation Table
Global Airport Services Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 14.21% from 2024 to 2032
Unit Value (USD Billion)
Segmentation ByAirport Type, By Application, By Infrastructure Type, By Geography
By Airport Type
- International
- Domestic
By Application - Aeronautical Services
- Aircraft Ground Handling Services
- Aircraft Maintenance Service
- Passenger Service
- Non-Aeronautical Services
- Baggage Handling Services
- Car Rental Service
- Car Parking Service
- Food and Beverage Service
- Retail Service
- Others
By Infrasructre Type - Greenfield Airport
- Brownfield Airport
By Geography - North America (By Airport Type, Application, Infrastructure Type, and Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Airport Type, Application, Infrastructure Type, and Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Airport Type, Application, Infrastructure Type, and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Australia (By Airport Type)
- Rest of Asia Pacific (By Application)
- Rest of the World (By Airport Type, Application, Infrastructure Type, and Country)
- Latin America (By Application)
- Middle East & Africa (By Application)