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Middle East Airport Airside Services Market Assessment
Frost & Sullivan, Sep 2009, Pages: 52
Airport Expansion and Order Backlogs to Spur Robust Growth of the Middle East Ground Handling and Maintenance Companies
Aircraft fleets are anticipated to increase in the Middle East with airport expansion plans and order backlogs of commercial aircraft and business jets. However, the market for airside services across airports in the Middle East is predominantly monopolistic with challenges relating to imbalances in future demand and supply. Large-scale market consolidation and sub-contracting will shape the industry and drive overall revenues. “The Middle East market for airside services comprising ground handling and maintenance is expected to experience robust growth because of the order backlogs in the Middle East coupled with the minimal impact of the economic slowdown on the regions passenger and air traffic”, says the analyst of this research. “The region is projected to have 1206 aircraft and 708 business jets that will result in the traffic growing by about 10 per cent within the Middle East.”
The cumulative effect of these factors is reflected in the market growth. The aircraft movement across the region’s airports is anticipated to grow at a compound annual growth rate (CAGR) of 4.8 per cent between 2008 and 2015. The market for ground handling and maintenance is correlated to the aircraft movement, spurred by the rise in passenger traffic. The increase in aircraft movement directly translates to revenues for ground handling and maintenance companies. The focus for many companies wanting to enter the market will be on enhancing their capabilities to cater to business jets that have a greater average cost of ground handling and maintenance.
Large-scale Liberalisation and Private Participation in Ground Handling and Maintenance to Aid the Smooth Functioning of the Market
However, a major challenge lies in maintaining the service quality while adhering to environmental policies. “It is vital for existing service providers to understand that a large number of deliveries are anticipated to increase aircraft movement in the region,” explains the analyst. “Therefore, if sub-contracting is not adopted or private participation not encouraged, then the future is likely to witness an imbalance between the demand and supply of services at airports.”
Large-scale liberalization and private participation in ground handling and maintenance at airports will ensure that the airside service market functions smoothly and grows amidst competition. “Civil aviation authorities and airport operators should boost private participation to enable airlines to choose from a larger number of service providers in addition to permitting specialised service offerings by individual service providers,” concludes the analyst.
This Frost & Sullivan research service titled Middle East Airport Airside Services Market Assessment provides an overview of the market including key trends, market drivers and restraints, industry challenges and market share analysis. In this research, Frost & Sullivan's expert analysts thoroughly examine the overall Middle East airports airside service market in terms of revenues, with a specific break-up of revenue contributions by commercial aircraft and business jets for ground handling and maintenance.
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