PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423660
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423660
Airport Services Market Forecasts to 2030 - Global Analysis By Airport Type (Domestic and International), Infrastructure Type, Application and By Geography
According to Stratistics MRC, the Global Airport Services Market is accounted for $188.2 billion in 2023 and is expected to reach $621.3 billion by 2030 growing at a CAGR of 18.6% during the forecast period. The Airport Services Market refers to the comprehensive range of facilities and assistance offered at airports to ensure smooth and efficient operations for both passengers and airlines. Airport services include retail and catering operations to meet the diverse needs of travelers. These services plays a pivotal role in enhancing the overall travel experience, ensuring safety, and supporting the operational efficiency of airports worldwide, contributing significantly to the global aviation industry.
According to the Federal Aviation Administration, in 2019, Air Traffic Organization (ATO) provided services to more than 45,000 flights and 2.9 million airline passengers.
Market Dynamics:
Driver:
Growing demand for air travel
Fueled by factors such as global economic growth, increased business activities, and rising disposable incomes, there has been a substantial surge in the number of air travelers worldwide. This heightened demand necessitates comprehensive and efficient airport services to manage the influx of passengers, ensuring seamless travel experiences. Airports, in response, are compelled to expand their infrastructure, enhance operational capabilities, and invest in advanced technologies to accommodate the growing frequency of flights and diverse passenger requirements.
Restraint:
High operational costs
The intricate web of services provided by airports, including ground handling, security, maintenance, and infrastructure development, requires substantial investment. Compliance with stringent safety and security standards, coupled with the need for continuous technological upgrades, contributes to escalating operational expenses. The burden of maintaining and improving airport facilities falls on operators, necessitating substantial financial commitments. However, these high costs can limit the ability of airports to adapt swiftly to market changes, invest in modernization efforts, and provide competitive pricing for services.
Opportunity:
Development of new air routes
As airlines seek to expand their networks and explore untapped markets, the establishment of fresh air routes becomes imperative. This expansion not only increases connectivity between regions but also triggers a domino effect on airport services. Airports along these newly established routes experience heightened activity, necessitating enhancements in infrastructure, ground handling, and security measures to meet the demands of increased flight operations and passenger volumes. Additionally, the creation of new air routes fosters economic development, tourism, and business opportunities, driving the demand for a diverse range of services at airports.
Threat:
Security concerns
The constant need for robust security measures, including advanced screening technologies, personnel training, and threat detection systems, imposes a considerable financial burden. Heightened security protocols not only lead to increased operational costs but can also result in longer processing times for passengers, potentially impacting the overall efficiency of airport services. However, the dynamic nature of security threats requires continuous adaptation and investment in cutting-edge technologies, further straining the financial resources of airport operators.
Covid-19 Impact:
Widespread travel restrictions, lockdowns, and a dramatic reduction in passenger demand led to a sharp decline in air travel, resulting in financial setbacks for airports. With decreased flights, airports faced revenue loss from aeronautical services and reduced footfall in non-aeronautical segments such as retail and dining. Heightened health and safety measures, including enhanced cleaning protocols and social distancing requirements, increased operational costs for airports.
The domestic segment is expected to be the largest during the forecast period
As countries witness economic growth, rising incomes, and enhanced connectivity, domestic segment commanded the largest share of the market throughout the projected period. This uptick in passenger numbers necessitates comprehensive airport services to accommodate the heightened activity. Airports are responding by expanding their infrastructure, improving ground handling capabilities, and investing in technologies to enhance the overall travel experience for domestic passengers. Moreover, market is experiencing a robust expansion, driven by the dynamic growth of the domestic aviation sector and the strategic adaptation of airport services to meet the evolving needs of domestic travelers.
The greenfield airport segment is expected to have the highest CAGR during the forecast period
As governments and private investors increasingly recognize the strategic importance of aviation infrastructure, greenfield airport segment is expected to hold profitable growth throughout the forecasted period. These projects, often located in emerging economic hubs or regions with limited aviation connectivity, stimulate the demand for a comprehensive range of airport services. Furthermore, greenfield airports, unencumbered by pre-existing structures, can integrate the latest technologies and sustainable practices from the outset, attracting airlines and passengers seeking modern, efficient facilities.
Region with largest share:
Asia Pacific region dominated the largest share of the market throughout the projected period. Governments and private investors are capitalizing on this momentum, investing heavily in the construction and expansion of airports. With a focus on enhancing connectivity, numerous Greenfield airport projects and the modernization of existing facilities are underway. The sheer volume of air passengers in the Asia Pacific region is driving demand for a comprehensive range of airport services, including ground handling, security, and passenger amenities.
Region with highest CAGR:
Due to a well-established network of airports, and the modernization and expansion of these facilities are ongoing to accommodate the increasing passenger traffic, North America region is expected to hold profitable growth over the extrapolated period. With a focus on advanced technologies, streamlined security measures, and efficient ground handling services, North American airports are setting benchmarks for global aviation standards. Moreover, the region's commitment to sustainability and customer-centric services further propels the demand for innovative airport solutions.
Key players in the market
Some of the key players in Airport Services market include Air General Inc, Airport Terminal Services, Inc, Airports de Paris SA, BBA Aviation plc, Beijing Capital International Airport Co. Ltd, Celebi Aviation, China National Aviation Corporation (Group) Ltd, Fraport AG Frankfurt Airport Services Worldwide, Japan Airport Terminal Co., Ltd, LHR Airports Limited, Menzies Aviation, Mumbai International Airport Pvt Ltd, S.A.S. Services Group, Inc, Signature Aviation plc, Swissport International Ltd, TAV Airports Holding, Tokyo International Air Terminal Corporation and Worldwide Flight Services.
Key Developments:
In September 2023, Edmonton International Airport (YEG) signed a memorandum of understanding (MOU) with Edmonton Destination Marketing Hotels Ltd. The collaboration will helps in enhancing air service development by increasing seat capacity, attracting new airlines, and introducing fresh routes to Edmonton.
In July 2023, The Delhi International Airport (DIAL) announced that it has selected IDEMIA as the technology partner for DigiYatra. DigiYatra will use IDEMIA's facial recognition technology in Hyderabad, Delhi, and Goa to confirm the identity of domestic flyers.
In December 2022, Adani Group launched a consumer app for airport services. This app will help the consumer to book tickets, flight status, lounge access, duty-free products, & avail parking facilities. This strategic product launch is projected to enhance the market in Europe.
In November 2022, IndiGo launched commercial flights from the newly constructed Donyi Polo Airport, Arunachal Pradesh's first civil airport. This strategic product launch is anticipated to boost the company's potential sales of airport services.
In September 2022, LAS Goldair Handling, an Indian services joint venture, launched its services at two of India's airports. The services have been established at Bagdogra International Airport and Udaipur Airport. The company is expected to manage the terminal, cargo, and ramp for chartered flight operators for all international and domestic flights departing and arriving at Bagdogra International Airport.
In May 2022, Celebi Aviation, an Indian ground cargo handling company, announced deploying emerging technologies such as Internet of Things (IoT) and blockchain in their operations. The company invested more than USD 220 million in India, investing in infrastructure to handle 7,000+ tonnes of cargo, increasing security initiatives, additional handling equipment, and a state-of-the-art transshipment center.
Airport Types Covered:
- Domestic
- International
Infrastructure Types Covered:
- Brownfield Airport
- Greenfield Airport
Applications Covered:
- Non-Aeronautical Services
- Aeronautical Services
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Airport Services Market, By Airport Type
- 5.1 Introduction
- 5.2 Domestic
- 5.3 International
6 Global Airport Services Market, By Infrastructure Type
- 6.1 Introduction
- 6.2 Brownfield Airport
- 6.3 Greenfield Airport
7 Global Airport Services Market, By Application
- 7.1 Introduction
- 7.2 Non-Aeronautical Services
- 7.2.1 Retail Service
- 7.2.2 Food and Beverage Service
- 7.2.3 Car Parking Service
- 7.2.4 Car Rental Service
- 7.2.5 Baggage Handling Services
- 7.3 Aeronautical Services
- 7.3.1 Passenger Service
- 7.3.2 Aircraft Maintenance Service
- 7.3.3 Aircraft Ground Handling Services
- 7.4 Other Applications
8 Global Airport Services Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Air General Inc
- 10.2 Airport Terminal Services, Inc
- 10.3 Airports de Paris SA
- 10.4 BBA Aviation plc
- 10.5 Beijing Capital International Airport Co. Ltd
- 10.6 Celebi Aviation
- 10.7 China National Aviation Corporation (Group) Ltd
- 10.8 Fraport AG Frankfurt Airport Services Worldwide
- 10.9 Japan Airport Terminal Co., Ltd
- 10.10 LHR Airports Limited
- 10.11 Menzies Aviation
- 10.12 Mumbai International Airport Pvt Ltd
- 10.13 S.A.S. Services Group, Inc
- 10.14 Signature Aviation plc
- 10.15 Swissport International Ltd
- 10.16 TAV Airports Holding
- 10.17 Tokyo International Air Terminal Corporation
- 10.18 Worldwide Flight Services
List of Tables
- Table 1 Global Airport Services Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Airport Services Market Outlook, By Airport Type (2021-2030) ($MN)
- Table 3 Global Airport Services Market Outlook, By Domestic (2021-2030) ($MN)
- Table 4 Global Airport Services Market Outlook, By International (2021-2030) ($MN)
- Table 5 Global Airport Services Market Outlook, By Infrastructure Type (2021-2030) ($MN)
- Table 6 Global Airport Services Market Outlook, By Brownfield Airport (2021-2030) ($MN)
- Table 7 Global Airport Services Market Outlook, By Greenfield Airport (2021-2030) ($MN)
- Table 8 Global Airport Services Market Outlook, By Application (2021-2030) ($MN)
- Table 9 Global Airport Services Market Outlook, By Non-Aeronautical Services (2021-2030) ($MN)
- Table 10 Global Airport Services Market Outlook, By Retail Service (2021-2030) ($MN)
- Table 11 Global Airport Services Market Outlook, By Food and Beverage Service (2021-2030) ($MN)
- Table 12 Global Airport Services Market Outlook, By Car Parking Service (2021-2030) ($MN)
- Table 13 Global Airport Services Market Outlook, By Car Rental Service (2021-2030) ($MN)
- Table 14 Global Airport Services Market Outlook, By Baggage Handling Services (2021-2030) ($MN)
- Table 15 Global Airport Services Market Outlook, By Aeronautical Services (2021-2030) ($MN)
- Table 16 Global Airport Services Market Outlook, By Passenger Service (2021-2030) ($MN)
- Table 17 Global Airport Services Market Outlook, By Aircraft Maintenance Service (2021-2030) ($MN)
- Table 18 Global Airport Services Market Outlook, By Aircraft Ground Handling Services (2021-2030) ($MN)
- Table 19 Global Airport Services Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 20 North America Airport Services Market Outlook, By Country (2021-2030) ($MN)
- Table 21 North America Airport Services Market Outlook, By Airport Type (2021-2030) ($MN)
- Table 22 North America Airport Services Market Outlook, By Domestic (2021-2030) ($MN)
- Table 23 North America Airport Services Market Outlook, By International (2021-2030) ($MN)
- Table 24 North America Airport Services Market Outlook, By Infrastructure Type (2021-2030) ($MN)
- Table 25 North America Airport Services Market Outlook, By Brownfield Airport (2021-2030) ($MN)
- Table 26 North America Airport Services Market Outlook, By Greenfield Airport (2021-2030) ($MN)
- Table 27 North America Airport Services Market Outlook, By Application (2021-2030) ($MN)
- Table 28 North America Airport Services Market Outlook, By Non-Aeronautical Services (2021-2030) ($MN)
- Table 29 North America Airport Services Market Outlook, By Retail Service (2021-2030) ($MN)
- Table 30 North America Airport Services Market Outlook, By Food and Beverage Service (2021-2030) ($MN)
- Table 31 North America Airport Services Market Outlook, By Car Parking Service (2021-2030) ($MN)
- Table 32 North America Airport Services Market Outlook, By Car Rental Service (2021-2030) ($MN)
- Table 33 North America Airport Services Market Outlook, By Baggage Handling Services (2021-2030) ($MN)
- Table 34 North America Airport Services Market Outlook, By Aeronautical Services (2021-2030) ($MN)
- Table 35 North America Airport Services Market Outlook, By Passenger Service (2021-2030) ($MN)
- Table 36 North America Airport Services Market Outlook, By Aircraft Maintenance Service (2021-2030) ($MN)
- Table 37 North America Airport Services Market Outlook, By Aircraft Ground Handling Services (2021-2030) ($MN)
- Table 38 North America Airport Services Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 39 Europe Airport Services Market Outlook, By Country (2021-2030) ($MN)
- Table 40 Europe Airport Services Market Outlook, By Airport Type (2021-2030) ($MN)
- Table 41 Europe Airport Services Market Outlook, By Domestic (2021-2030) ($MN)
- Table 42 Europe Airport Services Market Outlook, By International (2021-2030) ($MN)
- Table 43 Europe Airport Services Market Outlook, By Infrastructure Type (2021-2030) ($MN)
- Table 44 Europe Airport Services Market Outlook, By Brownfield Airport (2021-2030) ($MN)
- Table 45 Europe Airport Services Market Outlook, By Greenfield Airport (2021-2030) ($MN)
- Table 46 Europe Airport Services Market Outlook, By Application (2021-2030) ($MN)
- Table 47 Europe Airport Services Market Outlook, By Non-Aeronautical Services (2021-2030) ($MN)
- Table 48 Europe Airport Services Market Outlook, By Retail Service (2021-2030) ($MN)
- Table 49 Europe Airport Services Market Outlook, By Food and Beverage Service (2021-2030) ($MN)
- Table 50 Europe Airport Services Market Outlook, By Car Parking Service (2021-2030) ($MN)
- Table 51 Europe Airport Services Market Outlook, By Car Rental Service (2021-2030) ($MN)
- Table 52 Europe Airport Services Market Outlook, By Baggage Handling Services (2021-2030) ($MN)
- Table 53 Europe Airport Services Market Outlook, By Aeronautical Services (2021-2030) ($MN)
- Table 54 Europe Airport Services Market Outlook, By Passenger Service (2021-2030) ($MN)
- Table 55 Europe Airport Services Market Outlook, By Aircraft Maintenance Service (2021-2030) ($MN)
- Table 56 Europe Airport Services Market Outlook, By Aircraft Ground Handling Services (2021-2030) ($MN)
- Table 57 Europe Airport Services Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 58 Asia Pacific Airport Services Market Outlook, By Country (2021-2030) ($MN)
- Table 59 Asia Pacific Airport Services Market Outlook, By Airport Type (2021-2030) ($MN)
- Table 60 Asia Pacific Airport Services Market Outlook, By Domestic (2021-2030) ($MN)
- Table 61 Asia Pacific Airport Services Market Outlook, By International (2021-2030) ($MN)
- Table 62 Asia Pacific Airport Services Market Outlook, By Infrastructure Type (2021-2030) ($MN)
- Table 63 Asia Pacific Airport Services Market Outlook, By Brownfield Airport (2021-2030) ($MN)
- Table 64 Asia Pacific Airport Services Market Outlook, By Greenfield Airport (2021-2030) ($MN)
- Table 65 Asia Pacific Airport Services Market Outlook, By Application (2021-2030) ($MN)
- Table 66 Asia Pacific Airport Services Market Outlook, By Non-Aeronautical Services (2021-2030) ($MN)
- Table 67 Asia Pacific Airport Services Market Outlook, By Retail Service (2021-2030) ($MN)
- Table 68 Asia Pacific Airport Services Market Outlook, By Food and Beverage Service (2021-2030) ($MN)
- Table 69 Asia Pacific Airport Services Market Outlook, By Car Parking Service (2021-2030) ($MN)
- Table 70 Asia Pacific Airport Services Market Outlook, By Car Rental Service (2021-2030) ($MN)
- Table 71 Asia Pacific Airport Services Market Outlook, By Baggage Handling Services (2021-2030) ($MN)
- Table 72 Asia Pacific Airport Services Market Outlook, By Aeronautical Services (2021-2030) ($MN)
- Table 73 Asia Pacific Airport Services Market Outlook, By Passenger Service (2021-2030) ($MN)
- Table 74 Asia Pacific Airport Services Market Outlook, By Aircraft Maintenance Service (2021-2030) ($MN)
- Table 75 Asia Pacific Airport Services Market Outlook, By Aircraft Ground Handling Services (2021-2030) ($MN)
- Table 76 Asia Pacific Airport Services Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 77 South America Airport Services Market Outlook, By Country (2021-2030) ($MN)
- Table 78 South America Airport Services Market Outlook, By Airport Type (2021-2030) ($MN)
- Table 79 South America Airport Services Market Outlook, By Domestic (2021-2030) ($MN)
- Table 80 South America Airport Services Market Outlook, By International (2021-2030) ($MN)
- Table 81 South America Airport Services Market Outlook, By Infrastructure Type (2021-2030) ($MN)
- Table 82 South America Airport Services Market Outlook, By Brownfield Airport (2021-2030) ($MN)
- Table 83 South America Airport Services Market Outlook, By Greenfield Airport (2021-2030) ($MN)
- Table 84 South America Airport Services Market Outlook, By Application (2021-2030) ($MN)
- Table 85 South America Airport Services Market Outlook, By Non-Aeronautical Services (2021-2030) ($MN)
- Table 86 South America Airport Services Market Outlook, By Retail Service (2021-2030) ($MN)
- Table 87 South America Airport Services Market Outlook, By Food and Beverage Service (2021-2030) ($MN)
- Table 88 South America Airport Services Market Outlook, By Car Parking Service (2021-2030) ($MN)
- Table 89 South America Airport Services Market Outlook, By Car Rental Service (2021-2030) ($MN)
- Table 90 South America Airport Services Market Outlook, By Baggage Handling Services (2021-2030) ($MN)
- Table 91 South America Airport Services Market Outlook, By Aeronautical Services (2021-2030) ($MN)
- Table 92 South America Airport Services Market Outlook, By Passenger Service (2021-2030) ($MN)
- Table 93 South America Airport Services Market Outlook, By Aircraft Maintenance Service (2021-2030) ($MN)
- Table 94 South America Airport Services Market Outlook, By Aircraft Ground Handling Services (2021-2030) ($MN)
- Table 95 South America Airport Services Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 96 Middle East & Africa Airport Services Market Outlook, By Country (2021-2030) ($MN)
- Table 97 Middle East & Africa Airport Services Market Outlook, By Airport Type (2021-2030) ($MN)
- Table 98 Middle East & Africa Airport Services Market Outlook, By Domestic (2021-2030) ($MN)
- Table 99 Middle East & Africa Airport Services Market Outlook, By International (2021-2030) ($MN)
- Table 100 Middle East & Africa Airport Services Market Outlook, By Infrastructure Type (2021-2030) ($MN)
- Table 101 Middle East & Africa Airport Services Market Outlook, By Brownfield Airport (2021-2030) ($MN)
- Table 102 Middle East & Africa Airport Services Market Outlook, By Greenfield Airport (2021-2030) ($MN)
- Table 103 Middle East & Africa Airport Services Market Outlook, By Application (2021-2030) ($MN)
- Table 104 Middle East & Africa Airport Services Market Outlook, By Non-Aeronautical Services (2021-2030) ($MN)
- Table 105 Middle East & Africa Airport Services Market Outlook, By Retail Service (2021-2030) ($MN)
- Table 106 Middle East & Africa Airport Services Market Outlook, By Food and Beverage Service (2021-2030) ($MN)
- Table 107 Middle East & Africa Airport Services Market Outlook, By Car Parking Service (2021-2030) ($MN)
- Table 108 Middle East & Africa Airport Services Market Outlook, By Car Rental Service (2021-2030) ($MN)
- Table 109 Middle East & Africa Airport Services Market Outlook, By Baggage Handling Services (2021-2030) ($MN)
- Table 110 Middle East & Africa Airport Services Market Outlook, By Aeronautical Services (2021-2030) ($MN)
- Table 111 Middle East & Africa Airport Services Market Outlook, By Passenger Service (2021-2030) ($MN)
- Table 112 Middle East & Africa Airport Services Market Outlook, By Aircraft Maintenance Service (2021-2030) ($MN)
- Table 113 Middle East & Africa Airport Services Market Outlook, By Aircraft Ground Handling Services (2021-2030) ($MN)
- Table 114 Middle East & Africa Airport Services Market Outlook, By Other Applications (2021-2030) ($MN)
