Airport Operations in the US - Industry Market Research Report

Airport Operations in the US - Industry Market Research Report

Airport Operations in the US

Demand for the Airport Operations industry is influenced by trends in domestic and international air travel. Overall, lightly competing enterprises benefited from economic growth, which led to increased spending on air travel among businesses and consumers. Similarly, an increase in the number of high-income households spiked demand for private air travel services. While these dynamics precipitated revenue growth, the industry has suffered from a significant amount of volatility as a result of the unprecedented COVID-19 disruption in 2020. However, thanks to government investment, airport operators were able to withstand the low periods until demand for travel returned. Therefore, revenue increased at a CAGR of just 3.4% to $12.9 billion over the five years to 2023, including a growth of 3.1% in 2023.

This industry includes businesses that operate international, national or civil airports or flying fields. The industry also includes operators that provide aircraft parking, air traffic control services, cargo handling services and other relevant products. Fuel wholesaling and airport janitorial services are excluded from this industry, while most aircraft repair and maintenance services are included in the Aircraft Maintenance, Repair and Overhaul industry (IBISWorld report 48819).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."