Market Research Report
Project Insight - Airport Construction Projects: The Americas
|Published by||GlobalData||Product code||503219|
|Published||Content info||26 Pages
Delivery time: 1-2 business days
|Project Insight - Airport Construction Projects: The Americas|
|Published: June 28, 2019||Content info: 26 Pages||
GlobalData's Construction Intelligence Center (CIC) is currently tracking airport related construction projects in the Americas with a total value of US$ 150.5 billion. Of this, US$81.6 billion is in the execution stage and US$31.2 billion is in the planning stage. The US accounts for the highest value with US$123.2 billion, followed by Brazil with projects valuing US$8.0 billion. Mexico and Canada follow with airport construction projects with a value of US$4.1 billion and US$3.7 billion respectively. The highest value airport projects in the region are the US$15.5 billion O'Hare International Airport Expansion in, Chicago, and the US$13.0 billion John F. Kennedy International Airport Redevelopment in New York, both in the US.
North America is a mature market, with little growth in new airports however there is considerable activity on expanding existing facilities in New York, Chicago, Los Angeles and Dallas-Fort Worth, as well as the world's busiest airport, Hartsfield-Jackson International Airport in Atlanta, Georgia. Airports Council International North America (ACI-NA) estimate that US airports generate more than US$1.1 trillion in annual economic activity and support nearly 10 million jobs. The ACI-NA asserts that US airports require infrastructure upgrades of nearly US$130 billion by 2023, or US$26 billion per year, with more than 56% of the needs inside aging terminals.