Global Aerotropolis Market Analysis 2022
The Global Aerotropolis Market is expected to reach $853.38 million by 2028 growing at a CAGR of 10.9% from 2021 to 2028. An aerotropolis is a metropolitan area in which the layout, economy, and infrastructure are centered on an airport, which serves as the airport city. It consists of the airports, aeronautical, logistics, and commercial infrastructure forming a multifunctional airport city at its center.
Factors such as increasing urbanization globally, rising demand for airports from smart cities, and passenger experience enhancement are driving the growth of the market. However, the high cost of infrastructure is restraining the growth of the market.
Based on type, the greenfield airport aerotropolis segment is going to have a lucrative growth during the forecast period owing to the rapid increase in air traffic across the globe and surging demand for air travel. The construction companies along with airport authorities opt to build their own airport infrastructure rather than purchasing or leasing an existing area and constructing it as per their requirements, thus greenfield airport aerotropolis is the most demanding type in recent years.
The key vendors mentioned are Turner Construction Company, Skanska AB, McCarthy Building Companies, Inc., HENSEL PHELPS, Clark Construction Group, LLC, Balfour Beatty PLC, Austin Industries Inc., The Whiting-Turner Contracting Company, Manhattan Construction Company and The Walsh Group Ltd.
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