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Global Airport Services Market to reach USD 311.28 billion by the end of 2029.

Global Airport Services Market Size study & Forecast, by Airport Type(International, Domestic) by Application ( Aeronautical Services, Non-Aeronautical Services), by Infrastructure Type(Greenfield Airport, Brownfield Airport) and Regional Analysis, 2022-2029

Product Code: ALTAWT-85230600
Publish Date: 24-04-2023
Page: 200

Global Airport Services Market is valued at approximately USD 89.87 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.80% over the forecast period 2022-2029. Airport services are any services offered to airlines by an airport or one of its affiliates to ensure the handling of aircraft from the time of landing to the time of takeoff, as well as of passengers and cargo, allowing airlines to offer air transport services, including the provision of ground handling services and the provision of centralised ground handling infrastructure; The major areas of business opportunity here are passenger handling (customer service tasks) and floor management (freight and cargo/delivery, flight control, and other tasks). The Airport Services market is expanding because of factors such as developments in modernization of the airport and increased passenger traffic and congestion.

Rising government investment in the development of airport infrastructure is further catering to market growth. For instance, The Airports Authority of India (AAI) stated in December 2021 that they have invested over USD 3.5 billion in the following five years to renovate and expand current facilities. The funding comes from a variety of revitalizing initiatives done by the Indian Ministry of Civil Aviation to lessen the significant interruptions brought on by the COVID-19 epidemic in 2020 and 2021. In addition, The International Air Transport Association (IATA) expects overall air traveller numbers to reach 4.0 billion in 2024. From the same source, it has been found that the total number of travellers in 2021 was 47% higher than in 2019. It is anticipated that by 2022, 83%, which is expected to reach 94% by the year 2023, 103% by the year 2024, and 111% by the year 2025. Thus rising air traffic in the aviation industry is favoring market growth. In addition, the rise in the number of airports and the refurbishment of existing airport infrastructure, the adoption of artificial intelligence technology in modern Airports is creating lucrative growth in the market. However, the high cost of Airport Services stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Airport Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of key market players, and rising passenger traffic in the region, and rising government support for the development of airport. Whereas Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as airport development activities.

Major market player included in this report are:
Beijing Capital International Airport Co. Ltd.
Fraport AG Frankfurt Airport Services Worldwide
Air General Inc
Worldwide Flight Services
S.A.S Services Group Inc
LHR Airport Limited
Signature Flight Support
Tokyo International Air Terminal Corporation

Recent Developments in the Market:
Ø In March 2021, dnata and Cebu Pacific Air (CEB) have increased their long-standing collaboration. Along with the recent multi-year extension of an airport service agreement at Sydney Airport (SYD), dnata has also agreed to offer the airline a variety of ground handling services at Melbourne Airport and Singapore Changi Airport.
Ø In March 2022, Eve UAM and Acciona launched strategic cooperation. Acciona will invest USD 30 million and join the group of strategic investors who are currently supporting the development of Eve and its business plan, as per the conditions of the agreement of Eve’s business combination with Zanite Acquisition Corp.

Global Airport Services Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Airport Type, Application, Infrastructure type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Airport Typeofferings of key players. The detailed segments and sub-segment of the market are explained below:

By Airport Type:

By Application:
Aeronautical Services
Non-Aeronautical Services

By Infrastructure:
Greenfield Airport
Brownfield Airport

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Airport Services Market, by Region, 2019-2029 (USD Billion)
1.2.2. Airport Services Market, by Airport Type, 2019-2029 (USD Billion)
1.2.3. Airport Services Market, by Application, 2019-2029 (USD Billion)
1.2.4. Airport Services Market, by Infrastructure Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Airport Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Airport Services Market Dynamics
3.1. Airport Services Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Developments in modernization of the airport. Increased passenger traffic and congestion
3.1.2. Market Challenges High Cost of Airport Services
3.1.3. Market Opportunities Rise in the number of airports and the refurbishment of existing airport infrastructure Adoption of Artificial Intelligence technology in modern Airport
Chapter 4. Global Airport Services Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Airport Services Market, by Airport Type
6.1. Market Snapshot
6.2. Global Airport Services Market by Airport Type, Performance – Potential Analysis
6.3. Global Airport Services Market Estimates & Forecasts by Airport Type 2019-2029 (USD Billion)
6.4. Airport Services Market, Sub Segment Analysis
6.4.1. International
6.4.2. Domestic
Chapter 7. Global Airport Services Market, by Application
7.1. Market Snapshot
7.2. Global Airport Services Market by Application, Performance – Potential Analysis
7.3. Global Airport Services Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Airport Services Market, Sub Segment Analysis
7.4.1. Aeronautical Services
7.4.2. Non-Aeronautical Services
Chapter 8. Global Airport Services Market, by Infrastructure Type
8.1. Market Snapshot
8.2. Global Airport Services Market by Infrastructure Type, Performance – Potential Analysis
8.3. Global Airport Services Market Estimates & Forecasts by Infrastructure Type 2019-2029 (USD Billion)
8.4. Airport Services Market, Sub Segment Analysis
8.4.1. Greenfield Airport
8.4.2. Brownfield Airport
Chapter 9. Global Airport Services Market, Regional Analysis
9.1. Airport Services Market, Regional Market Snapshot
9.2. North America Airport Services Market
9.2.1. U.S. Airport Services Market Airport Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 Infrastructure Type breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Airport Services Market
9.3. Europe Airport Services Market Snapshot
9.3.1. U.K. Airport Services Market
9.3.2. Germany Airport Services Market
9.3.3. France Airport Services Market
9.3.4. Spain Airport Services Market
9.3.5. Italy Airport Services Market
9.3.6. Rest of Europe Airport Services Market
9.4. Asia-Pacific Airport Services Market Snapshot
9.4.1. China Airport Services Market
9.4.2. India Airport Services Market
9.4.3. Japan Airport Services Market
9.4.4. Australia Airport Services Market
9.4.5. South Korea Airport Services Market
9.4.6. Rest of Asia Pacific Airport Services Market
9.5. Latin America Airport Services Market Snapshot
9.5.1. Brazil Airport Services Market
9.5.2. Mexico Airport Services Market
9.5.3. Rest of Latin America Airport Services Market
9.6. Rest of The World Airport Services Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Beijing Capital International Airport Co. Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Fraport AG Frankfurt Airport Services Worldwide
10.2.3. Air General Inc
10.2.4. Dnata
10.2.5. Worldwide Flight Services
10.2.6. S.A.S Services Group Inc
10.2.7. LHR Airport Limited
10.2.8. Acciona
10.2.9. Signature Flight Support
10.2.10. Tokyo International Air Terminal Corporation
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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