The
global airport service
industry is expected to grow at a CAGR of 5.2% from 2015 to 2020. The major
drivers of this industry are reviving airline and tourism sector and increasing
penetration of low cost carriers in the developing countries. Expansion of
domestic and regional routes in the aviation market, a strong economic growth,
and rising air passenger traffic increase the demand for airport services. The
European region dominates the industry with 39.8% of the global airport service
industry due to an increase in the number of international tourist arrivals.
Lucintel, a leading global management
consulting and market research firm, has analyzed the airport industry by region
and service type and has come up with a comprehensive research report, “Global
Airport Service Industry 2015-2020: Trends, Forecast, and Opportunity Analysis.”
This aerospace
report provides an analysis of services in the global airport
industry, including the market trends, growth opportunities, key drivers,
and emerging trends in the industry. The study also includes the forecast
for the global and regional airport
service industry through 2020, segment breakdown by region and service type
as follows:
By
region-
- · North America
- · Europe
- · Asia Pacific
- · Rest of the World
By service-
- · Hospitality Event Service
- · Cargo Handling Service
- · Aircraft Handling and Related Service
- · Other
On the basis of its comprehensive research,
Lucintel forecasts that the hospitality event service segment and the cargo
handling service segment are expected to depict above average growth during the
forecast period. Continuous growth in low cost carriers is allowing more
customers to use the air mode of transportation for both passenger and cargo,
which is expected to boost the demand of hospitality and cargo handling
services in the forecast period.
APAC and ROW are expected to witness an above
average growth during the forecast period. Various investments in the aviation
sector, such as setting up new airports, increasing the area of terminal
buildings, and the development of the private jet business in countries, such
as China, India, and Brazil is anticipated to boost the passenger flow,
simultaneously enhancing the demand for airport services in the forthcoming
period.
Fraport AG Frankfurt Airport Srvc Wrldwd,
Aeroports de Paris SA, BBA Aviation plc, Sats Ltd, and Japan Airport Terminal
Co., Ltd. are some of the major players of the airport services. The industry players are opting for M& A,
innovation, and new product development as well as expansion for growing their
businesses. Emerging trends which has a direct impact
on the dynamics of the industry include increasing
trends towards Airport Public Private Participations (PPPs) in emerging markets,
introduction of virtual technology to improve customer
service, and increasing
use of smartphone apps and hybrid
check-in system.
This 120-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents contact Lucintel at +1-972-636-5056 or click
on this link http://www.lucintel.com/reports/aerospace_defense/global_airport_service_industry_2015_2020_trends_forecast_and_opportunity_analysis_june_2015.aspx
or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier
global management consulting and market research firm, creates winning strategies
for growth. It offers market assessments, competitive analysis, opportunity screening,
strategic growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit www.lucintel.com.
