According to the recent study the Airport Service Market is projected to reach an estimated $206.9 billion by 2025 from $179.7 billion in 2019, at a CAGR of 2.4% from 2020 to 2025. Growth in this market is primarily driven by rising air passenger traffic, opening of new airports, and expansion of new domestic and regional routes in the aviation market.
Browse 111 figures /
charts and 87 tables in this 190-page report to understand trends,
opportunities and forecast in airport service market by service type
[hospitality event services: (catering services, special passenger care
services, passenger parking field, retail and duty-free, training, security
services, and baggage handling segments), cargo handling services: (cargo
operations and ground support services segment), aircraft handling and its
related services: (operation of fueling, ramp services, runway maintenance,
aircraft de-icing and others segment), and other services: (cabin cleaning and
sanitary services, real estate development, and others)], and region (North
America, Europe, Asia Pacific, and the Rest of the World).
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“Hospitality event, cargo handling, and
aircraft handling market is expected to remain the major segment during the
forecast period.”
Based on applications,
the airport service market is segmented into By service type [hospitality event
services: (catering services, special passenger care services, passenger
parking field, retail and duty-free, training, security services, and baggage
handling segments), cargo handling services: (cargo operations and ground
support services segment), aircraft handling and its related services:
(operation of fueling, ramp services, runway maintenance, aircraft de-icing and
others segment), and other services: (cabin cleaning and sanitary services,
real estate development, and others)]. Lucintel forecasts that the hospitality event,
cargo handling, and aircraft handling market are expected to remain the major segment.
“Europe will dominate the airport
service market in near future”
Europe is expected to be
the largest region over the forecast period due to the new Open Skies
regulations, which ensure more flights in and out of Europe and also removes
air-service limitations between the countries, helping to drive tourism and the
airport service industry.
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Major players of airport
service market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Fraport Frankfurt
Airport Services Worldwide, Aeroports de Paris SA, Japan Airport Terminal Co.
Ltd, BBA Aviation plc, Beijing Capital International Airport Co., Ltd, Tav
Havalimanlari Holding A.S, Sats Ltd, Auckland International Airport Limited,
Flughafen Wien AG, and Malaysia Airports Holdings Berhad are among the major airport
service providers.
This unique 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 https://www.lucintel.com/airport-service-market.aspx
or helpdesk@lucintel.com
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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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